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Supply Chain News / Economic Development / Ocean / Ports

Transpacific Cargo to U.S., Canada Incurs General Rate Increase, Peak Season Surcharge

Transpacific cargo shipments to the U.S. and Canada have incurred GRI and PSS surcharges during August’s movements. While some charges have been mitigated, PSS and GRI charges on ocean bound cargo to Canada remain mostly unchanged. The rates have meant many shippers have realized a $600 to $800 increase for a 20-foot to a 40-foot standard container in some lanes. Deringer and its partners continue to work with the steamship lines to reduce the fees.

Capacity remains tight on the U.S. and Canadian West Coast, as well as the U.S. East Coast. CP Railway, one of Canada’s largest rail companies, struggles with over-demand causing additional cargo to move to U.S. West Coast ports. Some U.S. bound shipments transiting Vancouver have been diverted to U.S. West Coast ports, primarily Seattle and Tacoma. According to U.S. Customs and Border Protection, these shipments require importer security filings (ISF) prior to Customs entry and clearance (see 8/8 alert regarding ISF).
 

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