North American container rate increases falter on mixed demand, risk of strike

North American shipping carriers are wrestling to implement rate increases amid an opaque market driven by fear an International Longshoremen’s Association strike could disrupt supply chains, market sources said. During mid-August, mixed signals relating to the market’s acceptance of the General Rate Increase (GRI) have made it difficult to judge where North American container rates are headed, participants have said….North American shipping carriers are wrestling to implement rate increases amid an opaque market driven by fear an International Longshoremen’s Association strike could disrupt supply chains, market sources said. During mid-August, mixed signals relating to the market’s acceptance of the General Rate Increase (GRI) have made it difficult to judge where North American container rates are headed, participants have said….Read More