Shipping rates for a 40-foot container from China to the U.S. West Coast hit $20,000 at one point in August 2021, according to logistics platform Freightos. As of January 14 this year, the figure has fallen back to $14,600, which is lower than last summer’s peak but still more than 10 times higher than before the outbreak. In February 2020, before the global outbreak, the price was around $1,200.
40 ft container shipping cost from China to USA
The operating rate of many factories at home and abroad is not saturated, the docks are closed, and epic congestion is being staged. Tens of thousands of containers full of imported goods have been stranded at U.S. ports in recent months, with ships lining up at the ports for weeks. In mid-January, 101 container ships were recorded at the ports of Los Angeles and Long Beach, ICIS said.
Cost of 40 ft container from China to USA:
The blockage of the global supply chain and the mismatch between supply and demand in the market are the direct reasons for the increase in global ocean freight rates. In addition, factors such as reduced terminal efficiency, labor shortages, sharply rising ship and container leasing costs, and increased costs caused by constant attempts to supply chain alternative solutions have also contributed to further increases in freight rates.
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