Latest Imposed GRI for FedEx marks history

Thursday, September 22nd FedEx Corp announced a 6.9% general rate increase (GRI) to be imposed starting 2023. This GRI marks the largest percentage of increase year-over-year in the company’s history.   All services will be affected by the GRI, except for the LTL, or less-than-truckload service, FedEx Freight, which could fluctuate between 6.9% and 7.9%, according to the customer’s scale.  On average, FedEx’s annual tariff rates … Read More

Los Angeles Port holding strong among Shanghai lockdowns

Miami Ports

The Port of Los Angeles, as of May 6th is still holding firm, not showing any reported impacts from the COVID-19 lockdowns in Shanghai, China. According to Director Gene Seroka, There has been “no dramatic change” in the number of vessels leaving China, as vessel numbers bound for the San Pedro Bay remain “pretty consistent,” Seroka said. The number of ships departing Asia on Friday … Read More

Better Start your Holiday Shopping Now, Otherwise, it may be too late.

According to creditcards.com, 27% of the shoppers are planning to begin their holiday buying in September. This year, due to the  Shipping Peak Season, you should highly consider being part of that percentage; otherwise, you may not find gifts for Christmas, Hanukkah, or other winter holidays. The current increase in peak season volumes paired with Covid-19  has disrupted the regular activity in the global supply … Read More