Commentary

Rate Escalation Expected

Rate escalation expected as demand rises for TP Eastbound Cargo

As the typical peak season is passing with marginal impact on ocean freight costs, TP Eastbound carriers are primed for a series of General Rate Increases (GRIs) though the end of 2015.  Stockpiled inventories depleting and a renewed demand as the holiday season approaches has come just in time for the ocean carriers. The opportunity to recoup lost revenues along with greater demand provide a strong indicator for large across the board fourth quarter GRIs.

In laymen’s terms, rates are going up as companies demand more product and carriers strive to restore their rate levels.

For questions or comments:

please email Chris Hapka, Inside Sales Manager, at chapka@scarbrough-intl.com 

Depositphotos_rbhavana

{photo source: depositphotos.com/rbhavana}