What happened to rates after the June 1 GRI and PSS took effect?
Freightos data shows that June 1 GRIs and PSS actions pushed Asia–US West Coast prices up approximately $1,600/FEU — a climb of more than 50% — to a level around $4,800/FEU, while Asia–US East Coast rates rose $1,300/FEU (roughly 25%) to approximately $6,300/FEU. As of the June 16 update, rates have leveled at these post-GRI levels rather than continuing to climb on a daily basis.
| Lane | Post-GRI Rate | GRI/PSS Increase | Status (Jun 16) |
|---|---|---|---|
| Asia → US West Coast | ~$4,800/FEU | +$1,600/FEU (+50%) | Leveled |
| Asia → US East Coast | ~$6,300/FEU | +$1,300/FEU (+25%) | Leveled |
| CMA CGM July 10 PSS | $4,000/FEU | Announced, not yet effective | Pending |
- June 1 GRI/PSS increases have been absorbed into current market pricing as of mid-June
- Freightos flags mid-month carrier rate actions as still possible in the current update
- CMA CGM has separately announced a $4,000/FEU PSS effective July 10 on all transpacific containers, per trade press reporting
Why might mid-month increases still occur after the June 1 jump?
Freightos commentary notes that peak season booking activity and carrier capacity management remain active variables. Mid-month rate actions are a carrier tool used when spot rates soften faster than desired or when specific trade lanes show slack — the June 16 update flags this possibility without indicating a specific carrier or lane trigger.
What does CMA CGM's July 10 PSS mean for shippers booking now?
Trade press reporting on CMA CGM's announced $4,000/FEU PSS effective July 10 on transpacific containers means that any booking with a sailing date on or after July 10 on CMA CGM services should be modeled with this additional surcharge. Other carriers have not yet published matching announcements for the same date, per available trade press, but the CMA CGM announcement sets a directional signal for the July rate level.
What Shippers Should Do
- For bookings with July 10 or later sailing dates on CMA CGM transpacific services, add $4,000/FEU to landed cost models immediately — do not wait for invoice to confirm.
- Request an itemized breakdown on any new July quote from any carrier: GRI, PSS, BAF, and base rate should each be listed separately to allow comparison across carriers.
- Monitor mid-week Freightos updates for any mid-month carrier rate action announcements before finalizing July booking commitments.
- If you have booking flexibility, compare the all-in cost of a June sailing (current $4,800 base) against a post-July 10 sailing (potentially $4,800 + $4,000 PSS on CMA CGM) — the spread may justify pulling cargo forward.