Supply Chain Optimization

Merry Christmas! Here Is Your Freight Cost Increase..

by Tom Moore on Dec 20, 2021 7:00:00 PM

I hate to ruin your Christmas, but I want to give you my predictions about what will happen next year to freight contracts.  Here is my take:

  • Ocean containers:  Contract rates will more than double, given the spot price to ship a 40-foot container from Shanghai to Los Angeles in early December was 75% higher than the same time last year
  • Contract carriage:  Over 25% – Cass tells us that year-over-year costs are up 23%
  • Package:  FedEx Corp and UPS both said rates would go up an average of 5.9% next year
I wish I could give you better news.
 
Merry Christmas – may it be a good one for you and your family!
 
For a wealth of additional resources and insights, explore our website at https://provisionai.com/ and connect with us on our social media channels for the latest updates and information!
 
 
 
Topics: Supply Chain Load Building Optimization SaaS

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