Quote:
Originally Posted by RothwellSF
At it's peek, I was paying 28k per container around Xmas time / after. Now, its 8K (China to US West). This is only 6 months later. Rewind to 2020, like other poster said, it was around $3800. So we're still paying roughly 2x normal. Container prices look like a shiitcoin stock chart...
My forwarders are thinking prices will continue to drop but not too much more. I hope we get back to 4k but we will see.
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I think the carriers have learned that flooding the market with space doesn’t keep rates at a compensatory level. Expect to see port omissions and blank sailings.