Analyst says we are in a period of new normal for higher global container rates

The American Shipper website reports that while ocean container rates have significantly retreated from pandemic highs, they still exceed pre-pandemic levels, an industry analyst finds, indicating what is likely a “new normal” in container shipping costs that could have a cascading effect on trucking, intermodal and related logistics services throughout the global supply chain.

This makes interesting reading for the U-Freight Group with our comprehensive portfolio of international container shipping services for both LCL and FCL import and export cargoes.

The report states that the latest Drewry World Container Index shows a 7% decrease in the composite index, which now stands at USD2,368 per 40-foot container. This marks the lowest point since January 2024 and represents a dramatic 77% decline from the pandemic-era peak of USD10,377 recorded in September 2021. Despite this substantial drop, current rates remain 67% higher than the pre-pandemic average of USD1,420 in 2019.

To read the complete article go to the following link: https://www.freightwaves.com/news/drewry-suggests-new-normal-for-higher-global-container-rates?oly_enc_id=2359H2956723J0G

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