Shipping Costs Surge: $17,000 to Ship Container to California from Asia, Up from $3,800 in 2020

[mystery-ak]

Shipping Costs Surge: $17,000 to Ship Container to California from Asia, Up from $3,800 in 2020

Wendell Husebø 21 Oct 2021

Shipping costs are surging around the globe, causing the price of sending a container from Asia to the West Coast to increase many times over.

When Donald Trump was president in 2020, the price to ship a container from Asia to California was $3,800. That price spiked to $17,000 in October of 2021, according to supply chain technology company Freightos.

Freightos also revealed that shipping to the east coast is more expensive than the west coast, with rates reaching $20,000.

The increase in shipping cost is primarily due to the supply chain crunch, which is jamming seaports, trucking companies, and warehouses.

more
https://www.breitbart.com/economy/2021/10/21/shipping-costs-surge-california-asia/

[Smokin Joe]

With the backlog, ships are going to be moored waiting to unload longer.
That means more fuel burned keeping ships' systems running but not going anywhere.
Fuel prices are up, significantly.
Longer turnaround times mean less revenue for the vessel (fewer transits).
Of course rates are going up.
Duh.
Shipping companies aren't running a charity.

[sneakypete]

I have literally been telling people for decades that once the Chinese leadership understands the power and profits of Capitalism,they will give the boot to Communism and become Fascists that would make Hitler blush.

The rest of the world will be in deep,deep trouble unless our governments make moves to slow them down. Think things like "import tariffs" that reduce their profits,as well as fining US corporations that move their production and/or assembly plants to China.

Not to mention banning the Chinese from buying American companies or stock.

Folks,this is nothing less that total economic warfare by the Chinese,and we aren't even defending ourselves!

[Smokin Joe]

I have literally been telling people for decades that once the Chinese leadership understands the power and profits of Capitalism,they will give the boot to Communism and become Fascists that would make Hitler blush.

The rest of the world will be in deep,deep trouble unless our governments make moves to slow them down. Think things like "import tariffs" that reduce their profits,as well as fining US corporations that move their production and/or assembly plants to China.

Not to mention banning the Chinese from buying American companies or stock.

Folks,this is nothing less that total economic warfare by the Chinese,and we aren't even defending ourselves!

That's because many have not read their Sun Tsu.

Asymmetrical Warfare works best when your enemies don't even realize they are under attack.