Below you'll find a list of all posts that have been categorized as “Shipping Costs”
What to Expect in the Coming Year? Forecasts show 2023 as an opportunity for Shippers to contract lower rates across the board. 2022 was a pivotal year seeing the end of hyper inflated consumer demand coupled with capacity shortages. Reduced transportation labor force due to covid, congested corridors and equipment shortages with lower service reliability were the norms in 2022. …
Can the shipper manage through FedEx and UPS’ complex increases for 2023? UPS announced their 2023 rate increases which will be made effective January 2nd, 2023. The increases came two months after a FedEx announcement of rate increases. Nothing unusual here as both carriers have routinely announced increased rates and rolled out new surcharges /fees despite posting record earnings at …
…and when should shippers consider contract rates? Spot Rates have fallen off the cliff! This time last year, the average cost per forty-foot container (FEU) moving Eastbound from China to Long Beach California cost more than $15,000 and there were additional fees to secure space on the vessel from competition. The capacity climate this time last year was extremely tight and combining that …
Can the shipper manage through these complex rate increases? UPS announced their 2021 rate increases which will be made effective in January of 2021. These UPS shipping rates increases came two months after a FedEx’s announcement of its upcoming shipping rates increases. Nothing unusual here as both carriers have routinely announced increased shipping rates and rolled out new surcharges / …
Port congestion improving, but post pandemic pricing pressure expected to continue into Q3 & Q4 Congestion at USA seaports is improving but is expected to endure into the summer and possibly through to the end of the year. Gene Seroka, Executive Director of Port of Los Angeles expects the backlog to be eliminated by end of May 2021 or early …
What is effect of port congestion on contract pricing? Covid-19 has upended nearly every industry and international shipping is not immune. Congestion at US seaports resulting from demand exceeding the supply of port services is complicating the traditional contract signing season. Some shippers are opting to negotiate earlier than usual, some as early as January and February. The effect on …
Spot pricing has slipped again on almost every major east-west trade and remains significantly below 2017 levels, a trend that could be compounded by the introduction of additional capacity during the first quarter. APRIL 16, 2018 Container freight rates continued to decline, with composite pricing on the eight major east-west routes measured by Drewry’s World Container Index down another 2 …
How much more will you pay? Rates rising anywhere from 2% to 13% FedEx and UPS announced their 2018 parcel rates effective January 1, 2018. The range of increases within weight breaks and zones rose anywhere from 2% to 13%. CPC has analyzed the impacts of the 2018 UPS rates and Fedex rates and has developed a tool to analyze any …