The price of moving a 40-foot container from China to the West Coast has jumped to almost $16,000 – a tenfold increase from pre-pandemic costs – as surging shipping prices and bottlenecks at [.]
Contractors hit by ripples of shipping 'super-inflation' constructionnews.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from constructionnews.co.uk Daily Mail and Mail on Sunday newspapers.
Container Ship Prices Skyrocket as Rush to Move Goods Picks Up | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
A confluence of factors soaring demand, a shortage of containers, saturated ports and too few ships and dock workers have contributed to the squeeze on transportation capacity on every freight path.
Freight-cost surge is threatening to increase the price of everything from toys, furniture and car parts to coffee and sugar, adding to inflation worries