Giti Tire is Raising Freight Surcharges
Giti Tire (USA) Ltd. is increasing freight surcharges up to $10,000 per container "for some destinations, due to the challenges that all companies who use ocean freight for the transportation of goods are facing."
The hike goes into effect on July 5.
"Continued and prolonged port and domestic transportation congestions in North America have resulted in a significant reduction in the number of container vessel voyages, dramatically reducing international shipping capacity," say Giti officials.
"The vessel space shortages have effectively created a global crisis and dramatically increased container ocean freight rates to new heights. Giti is monitoring the situation continuously and will adjust accordingly as container shipping capacity restrictions ease and return to normal."