tribefan 6,768 Posted October 6, 2021 https://www.hellenicshippingnews.com/cost-of-shipping-between-china-and-u-s-plunges/ Interesting article. TLDNR version: An executive with a Shanghai freight company said Thursday that the cost of shipping a 40-foot container from China to the U.S. West Coast dropped nearly half in the previous four days, going from about $15,000 to just over $8,000. The spot rate for shipping to the East Coast had fallen by more than one-quarter from over $20,000 to less than $15,000. Prior to the pandemic, the rate was usually around $1,500. Share this post Link to post Share on other sites
Intresting 21,712 Posted October 6, 2021 Freight companies are now not forward booking prices of containers out of China. Instead, it seems there is a bidding process instead for available container space. Share this post Link to post Share on other sites
