Markets

Shipping Congestion Gets Some Breathing Space

Cheaper shipping seems like an effective way to combat inflations. *shoots a weird and confused look at interest rate hikes*
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Shipping Congestion Gets Some Breathing Space

Shipping congestion is finally starting to ease. Along with a reduction in disruptions comes a drop in shipping prices.

Chinese exports have slowed due to less interest from western importers. With one previously high-traffic location now slowing, container shortages and port congestion have the breathing space needed to catch up.

Shipping a container will cost nearly $3,700, down from the pandemic record high of $10K, but still 160% higher than the pre-covid rate of below $1,500.

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