Ocean Freight Costs Explaining GRI and PSS Surcharges

Ocean Freight Costs Explaining GRI and PSS Surcharges

This article delves into the General Rate Increase (GRI) and Peak Season Surcharge (PSS) common in ocean freight, explaining their definitions, influencing factors, and Flexport's approach. It emphasizes the importance of transparent pricing and provides practical advice for planning freight budgets, helping shippers navigate the volatility of the ocean freight market. Understanding these charges and proactive budgeting are crucial for efficient supply chain management and minimizing unexpected costs. By providing clarity and actionable insights, this resource empowers shippers to make informed decisions.

01/20/2026 Logistics Encyclopedia
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Logistics Sector Eyes Growth Potential by Early 2026

Logistics Sector Eyes Growth Potential by Early 2026

BlueGrace Logistics' latest Logistics Confidence Index (LCI) report reveals cautious optimism among shippers for Q1 2026. Revenue expectations are stable, inventory expectations show a mild rebound, and order expectations see slight improvement. Freight rate volatility remains the top challenge, with ongoing cost pressures. The report provides businesses with valuable insights for strategic decision-making. It reflects a nuanced outlook, balancing potential growth with persistent concerns regarding the freight market's stability and cost management.

01/21/2026 Logistics Industry Insights
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Zhengzhou To Istanbul Air Freight Latest Rate Analysis

Zhengzhou To Istanbul Air Freight Latest Rate Analysis

This article details the latest air freight rates and flight information from Zhengzhou to Istanbul, assisting businesses in managing reasonable transportation solutions during peak season and reducing operation costs. It includes rate classifications, flight schedules, and explanations of additional fees to help you make more efficient decisions.

11/30/-0001 Logistics
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Air Freight Rate Categories Explained for Logistics Efficiency

Air Freight Rate Categories Explained for Logistics Efficiency

In the air freight pricing table, M and N represent the minimum rate and base rate, respectively, applicable to goods of different weights. M refers to the minimum rate, while N is for general cargo under 45 kilograms. The pricing table also includes information on quantities, weights, and dimensions. Other classifications such as Q, C, R, and S correspond to different types of freight rates, assisting customers in making optimal choices.

07/28/2025 Logistics Encyclopedia
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Baltic Exchange Launches Air Freight Spot Rate Index

Baltic Exchange Launches Air Freight Spot Rate Index

The Baltic Exchange is set to trial an air cargo spot rate index, aiming to more accurately reflect market price fluctuations and enhance industry transparency. This initiative is expected to reduce transaction costs and foster the development of air freight derivatives markets, providing market participants with more reliable risk management tools. The index seeks to offer a clearer picture of real-time pricing in the air cargo spot market, ultimately benefiting stakeholders across the industry by improving price discovery and reducing information asymmetry.

11/03/2025 Logistics
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Freight Market Struggles Persist Despite Minor Rate Uptick

Freight Market Struggles Persist Despite Minor Rate Uptick

DAT data reveals a decline in both volume and rates in the U.S. spot truckload freight market in October, with slight rate increases failing to offset overall weakness. Experts attribute this to soft demand, compounded by visa issues and regulatory factors, posing challenges to the market. Looking ahead to 2025, the outlook remains uncertain. Businesses are advised to enhance data analysis, optimize transportation networks, and implement flexible pricing strategies to navigate market fluctuations. The market is expected to be difficult for the foreseeable future.

01/21/2026 Logistics Industry Insights
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Dynamic Pricing Transforms Freight Industry Amid Rate Challenges

Dynamic Pricing Transforms Freight Industry Amid Rate Challenges

Static freight rates fail in volatile markets, leading to high rejection rates and increased costs. Convoy's dynamic pricing solution leverages machine learning, automation, and an open marketplace to enable transparent, competitive pricing and reliable capacity. This approach effectively saves time, reduces costs, and provides shippers with assurance across various scenarios. Embracing dynamic pricing is crucial for navigating the challenges of the freight market.

01/20/2026 Logistics Industry Insights
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STB Probes BNSF Acquisition Amid Freight Rate Concerns

STB Probes BNSF Acquisition Amid Freight Rate Concerns

The U.S. Surface Transportation Board (STB) held a hearing regarding Berkshire Hathaway's acquisition of BNSF Railway, focusing on whether the acquisition premium should be included in BNSF's cost base, thus impacting freight rates. Shippers expressed concerns about potential rate increases, while BNSF emphasized market-based pricing. The STB's decision will influence the competitive landscape of the rail freight market and companies' operating costs. The core issue is whether the acquisition price will unfairly inflate freight rates for shippers using BNSF's services.

01/22/2026 Logistics
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Bluegrace Sees Growth Potential in 2026 Logistics Market

Bluegrace Sees Growth Potential in 2026 Logistics Market

The BlueGrace LCI report indicates a cautiously optimistic outlook among shippers for the Q1 2026 logistics market. Revenue growth expectations are solid, inventory forecasts suggest increases, and order expectations show slight improvement. Key challenges include freight rate volatility, fuel costs, and capacity. Experts recommend strengthening risk management, optimizing supply chains, and embracing technological innovation to navigate market fluctuations.

01/21/2026 Logistics Industry Insights
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