Wednesday, October 13, 2021

LOL, supply shortage hits reporting: CNBC relies on Reuters, a blog, and FOX Business for shipping container transportation costs data

 

On Oct. 7, there were reportedly around 60 container ships waiting in open water outside Los Angeles and Long Beach for berths to dock in and unload their goods. Before the pandemic, it was unusual to see even one vessel waiting for a slip. ...

Skyrocketing costs are also part of the problem. Over the past year, the cost to have one container shipped by freighter from China to the West Coast has soared from around $3,000 in Aug. 2020 to more than $20,000 in September of this year.

More.