Many carriers are putting planned GRI (General Rate Increase) for the 1st of August on hold due to lower than forecasted Peak Season Container bookings, a number of carriers are already announcing the scrapping of increases way ahead of the proposed implementation date, with most citing growth and volumes at low levels even as we approach the traditional peak season for Christmas goods to begin shipping.
Some industry sources say that peak season this year will fail to materialise, due to the historically low freight rates but also due to some customers getting burnt in previous years with space problems, some of them having already arranged shipment and in some cases already fully stocked for Christmas.
For more information on this or any other container, import or export, freight or international trade matters please call the expert team at Mercator Cargo on 02392 756575
