Analysis: Are Shipping Companies Further Flaring Up Inflation?
MTS Logistics
FEBRUARY 14, 2022
One of the key factors in inflation is the cost of goods and services. Covid and its impact have recently caused almost the entire world to face inflation. Rates for 40-foot containers from Asia to the U.S. rose above $20,000 last year, up around $14,000. For comparison, the rate was around $2,000 a few years ago. In addition, limited container capacity and port congestions mean that the long-term charges agreed in contracts between carriers and shippers will be an estimated 200% higher than the
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