The rising transportation costs have become a burning issue, hitting many sectors and businesses across the globe. As predicted, we will see ocean freight costs skyrocketing further in 2021. So what factors will influence this rise? How are we doing to cope with that? In this article, we will give you a closer look at the soaring freight rates globally.
Shipping costs have risen sharply and fierce competition for ocean freight capacity is the new normal. With new capacity only slowly coming onstream, freight rates are expected to continue to reach new highs this year and will remain above their pre-pandemic levels in the longer term.
Post time: Oct-13-2021