article thumbnail

What Are General Rate Increases in Shipping & What Should Enterprises Know?

Intelligent Audit

In modern freight transportation services, GRI stands for General Rate Increase. As a shipper, it’s impossible to avoid rate increases at times, and while freight invoice audits help to catch errors, not knowing the facts behind GRIs will only open the doors to risk. FedEx Freight shipping rates will increase by an average of 4.9%

article thumbnail

IMO 2020 is Here. Are You Ready?

Supply Chain Game Changer

Under this regime, the primary responsible party in the freight market will be the vessel owner or operator. New fuel will likely cost more than current bunker fuels and fuel surcharges will likely be added by carriers & its expected to increase freight rates by at least 15% to 30% in 2020. The first cost is FINANCIAL.

article thumbnail

Doing Business in the United States

QAD

Virgin Islands, the Northern Mariana Islands and 11 uninhabited or sparsely inhabited territories, which are mostly small islands. Annual freight traffic equaled about 37.22 The post Doing Business in the United States appeared first on QAD Blog. The last two states added were Alaska and Hawaii in 1959.