Old Dominion’s GRI latest in round of early rate bumps

Less-than-truckload carriers pull forward general rate increases

Old Dominion Freight Line (NASDAQ: ODFL) is the most recent less-than-truckload carrier to implement a general rate increase (GRI). The carrier announced Thursday a 4.9% hike to rates under various class codes effective Jan. 3. The GRI will start two months ahead of a similar increase it installed earlier in 2021.

Less-than-truckload carriers typically issue GRIs annually to account for cost inflation throughout the network. The increases are applied to general tariff codes not under contract...

https://www.freightwaves.com/news/old-dominions-gri-latest-in-round-of-early-rate-bumps

Hapag-Lloyd Updates GRI For Containers & Cargo Ships

  • Hapag-Lloyd has informed the General Rate Increase for cargoes.
  • The rate increase has reported for the eastbound trade from East Asia to all USA and Canada destinations and, from Indian Subcontinent to South America East Coast.

Hapag-Lloyd has informed the General Rate Increase(GSI) for cargoes which comes into effect on May 26, 2021 for Indian Subcontinent to South America East Coast and on June 15, 2021 for the eastbound trade from East Asia to all USA and Canada destinations.

Indian...

https://mfame.guru/hapag-lloyd-updates-gri-for-containers-cargo-ships/

LTLs continue to issue general rate increases

GRIs supportive of firming LTL market

Less-than-truckload carrier Old Dominion Freight Line (NASDAQ: ODFL) announced a 4.9% general rate increase Monday for freight carried under various general tariff codes. The increase will be effective March 1.

The rate bump follows similar announcements from LTL carriers in recent weeks. The majority of the increases are in the 5% to 6% range, likely indicative of tightening LTL capacity and a rate-disciplined environment.

Saia’s (NASDAQ: SAIA) 5.9% rate increase began on Jan. 18 and logistics...

https://s29755.pcdn.co/news/ltls-continue-to-issue-general-rates-increases

Forward Air announces 6% general rate increase

Forward Air is the latest to announce a general rate increase

Forward Air (NASDAQ: FWRD) announced Monday a 6% general rate increase on all shipments “to offset rising operating costs.”  

The Greeneville, Tennessee-based expedited trucking company said the increased rates took effect Monday and will include its less-than-truckload service. The company also announced changes to its accessorial and surcharge schedule.

“The rate changes enable Forward to continue investing in service enhancement as operating costs continue to rise in the freight transportation...

https://www.freightwaves.com/news/forward-air-announces-6-general-rate-increase

APL to apply new rates from Asia

Effective 1 July 2019, APL will apply a General Rate Increase (GRI) to all Tariff, Customer Specifics and Service Contract rates within the following scope:

Origin: Asia (except Japan), Australia, New Zealand, East Africa
Destination: Canada, USA (except Guam, Mariana Islands, Puerto Rico and U.S. Virgin Islands)

Container Type Currency 20′ 40′ 40H’ 45′
DryUSD850100011251266
Flat Rack/ Open Top/ Tank/
Other Special Equipment
USD850100011251266
RefrigeratedUSD85010001000

https://container-news.com/apl-apply-new-rates-asia/

Hapag-Lloyd to increase rates from East Asia

Hapag-Lloyd will implement the following General Rate Increase (GRI) in the eastbound trade from East Asia to all USA and Canada destinations as of July 15, 2019 (date of cargo receipt at origin).

This General Rate Increase will apply for all dry, reefer, non-operating reefer, tank, flat rack and open-top containers as follows:

East Asia to North America (USA and Canada)

  • USD 560 per all 20′ container types
  • USD 700 per all 40′ container types

East Asia is defined as being the countries/districts...

https://container-news.com/hapag-lloyd-increase-rates-east-asia/

ANL to apply GRI from Asia to Australia

ANL will be implementing a rate restoration program from 1st July, 2019 to all customers in Korea, China, Japan, Hong Kong and Taiwan.

From 1st July, 2019 all export shipments with origin in Korea, China, Japan, Hong Kong and Taiwan to ports and points in Australia will levy an increase of US$300/TEU and US$600/FEU for both dry and refrigerated cargo in the base ocean freight. This increase will apply in full on top of existing ongoing market rates and will be subject to accessorial surcharges...

https://container-news.com/anl-apply-gri-asia-australia/

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