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Transpacific Eastbound GRI

The following are the announced levels for upcoming General Rate Increases (GRI) and Peak Season Surcharges (PSS) from carriers.

Announced GRI  (General Rate Increase) — Effective June 1st 
Container Type20′40′40′ HC45′
U.S. West Coast$900.00$1000.00$1125.00$1266.00
U.S. Inland$900.00$1000.00$1125.00$1266.00
U.S. East Coast$900.00$1000.00$1125.00$1266.00
Announced GRI  (General Rate Increase) — Effective June 15th 
Container Type20′40′40′ HC45′
U.S. West Coast$900.00$1000.00$1125.00$1266.00
U.S. Inland$900.00$1000.00$1125.00$1266.00
U.S. East Coast$900.00$1000.00$1125.00$1266.00
Announced GRI (General Rate Increase) — Effective July 1st 
Container Type20′40′40′ HC45′
U.S. West Coast$900.00$1000.00$1125.00$1266.00
U.S. Inland$900.00$1000.00$1125.00$1266.00
U.S. East Coast$900.00$1000.00$1125.00$1266.00
Announced PSS  (Peak Season Surcharge Rate) — Effective June 15th
Container Type20′40′40′ HC45′
U.S. West Coast$540.00$1000.00$1000.00$1000.00
U.S. Inland$540.00$1000.00$1000.00$1000.00
U.S. East Coast$540.00$1000.00$1000.00$1000.00

What is a General Rate Increase (GRI)?

A General Rate Increase (GRI) is the amount by which ocean carriers increase their base rates across specific trade lanes, generally as a result of increased demand.

A GRI must be announced with the Federal Maritime Commission 30 days prior to any implementation and is generally applied on top of the base ocean freight rate. Carriers do, however, reserve the right to mitigate or cancel any announced GRI depending on current market demand.


What is a Peak Season Surcharge (PSS)?

A Peak Season Surcharge (PSS) is a surcharge that ocean carriers may apply to all shipments being transported along certain trade lanes during times of peak demand. A PSS may be applied at any time of year at the carriers’ discretion, however, this surcharge is commonly applied before Chinese New Year and prior to the fall/winter holidays when carriers are at or near capacity. The increase in volume leads to a premium on space, which in turn leads to increased ocean freight costs for shippers.

The PSS must be announced with the Federal Maritime Commission 30 days prior to any implementation and is applied as an additional fee on top of the base ocean freight rate. Carriers do, however, reserve the right to mitigate or cancel any announced PSS depending on current market demand.