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

Intelligent Audit

SEPTEMBER 30, 2021

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%

Shipping 52
Shipping Expense Reduction Cost Reduction Strategies Resource Reduction 52
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IMO 2020 is Here. Are You Ready?

Supply Chain Game Changer

JANUARY 29, 2020

Under this regime, the primary responsible party in the freight market will be the vessel owner or operator. million metric tons annually. 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.

Cost Reduction Strategies 67
Cost Reduction Strategies Virgin Islands Price Reduction Inventory Reduction 67
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