A general rate increase (GRI) is a practice in the shipping industry whereby ocean freight rates are adjusted across trade lanes for a specified period of time. GRIs are typically initiated by larger carriers in response to supply and demand dynamics. They help carriers maintain profitability, cover operating costs and respond to market fluctuations. GRIs have an impact on the cost of transport for shippers and customers and require awareness and planning. Smaller carriers may also be able to make rate adjustments. Overall, GRIs enable carriers to adapt to changing market conditions and ensure the sustainability of their operations.

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What is General Rate Increase (GRI)?