article thumbnail

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

Intelligent Audit

The GRI shipping term refers to the usual increase in fees that are applied to container shipping rates. Virgin Islands) and between the contiguous U.S. In modern freight transportation services, GRI stands for General Rate Increase. FedEx Freight shipping rates will increase by an average of 4.9% and Canada. and Mexico.”.

article thumbnail

IMO 2020 is Here. Are You Ready?

Supply Chain Game Changer

In development for more than five years, the regulation—referred to as IMO 2020—may cost the industry upwards of $15 billion in 2020. Virgin Islands, the shipowners and operators incurred a penalty. Virgin Islands and detained along with the crew while the investigation was underway. The first cost is FINANCIAL.

article thumbnail

Mind Map for Order Management 2.0

Supply Chain Movement

United States Minor Outlying Islands. Virgin Islands, British. Virgin Islands, U.S. Velocity’ refers to faster front/ back-office processes, physical execution and financial processes. United Arab Emirates. United Kingdom. United States. Uzbekistan. Wallis and Futuna. Western Sahara. Mindmap manual.