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!

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