The cost of shipping between China and the U.S. took a sharp decline only weeks after hitting record highs in early September ahead of the off-season. Prior to the pandemic, shipping costs between China and the U.S. were roughly around $1,500. The cost of shipping containers soared to record highs last month, topping out at around $20,000. This month, however, the prices have decreased to average around $15,000 per shipping container. The plunge in shipping rates, according to shipping analysts, is due mainly in part to China’s off-season quickly approaching. An article published by Nikkei Asia outlines the reasons behind the drastic change in shipping costs

To read the article, Click Here.



Related Posts

Ocean Freight Rates Take a Dive

Global import costs plunge following years of record peaks. In a new wave of economic developments, the American Journal of Transportation reports a noteworthy reduction