Supply Chain Council of European Union |

High Freight Rates the ‘New Norm’ in Global Ocean Transport – Sourcing Journal

The container freight supply and demand relationship has reached a long stretch of stormy seas. The Freightos Baltic Global Container Index climbed 38 percent in December to a new high of $3,377 per 40-foot container or equivalent unit (FEU), a 143 percent increase annually, driven by still-surging global demand and the resulting container shortage that…

This content is for Annual and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or subscribe.

Log In Subscribe

Related posts

Collaboration is key to achieve sustainability goals | News


Why Covid vaccine supply will be like shipping ‘iPhone 12 on steroids’ for logistics industry


Has the apparel sourcing bubble burst? | Apparel Industry Interview


Leave a Comment