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(Marketwatch)   Nobody expected the shipping price inflation   ( divider line
    More: Followup, Monetary policy, Central bank, Inflation, Logistics, higher prices, source of inflation, Fed's inflation target, raise prices  
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748 clicks; posted to Business » on 27 Jan 2021 at 11:35 AM (5 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook

7 Comments     (+0 »)
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2021-01-27 1:27:34 PM  
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2021-01-27 3:22:28 PM  
You mean shipping everything from one place is expensive when capacity from that place is limited? Who ever could predict stuff like that.

We should also levy an environmental tax on empty container ships making long voyages.

/ Trade should be multi-directional
// Extended distance shipping should not be the default behavior
/// offshoring execs/boards should have decades of compensation clawed back for gross negligence when not doing any analysis while making decisions to restructure their entire organizations to save a few pennies.
2021-01-27 6:25:07 PM  
Funny, Here in the UK we are being told by certain sections of the media that this is because of brexit.
2021-01-27 8:22:31 PM  

B0redd: Funny, Here in the UK we are being told by certain sections of the media that this is because of brexit.

I mean, for you guys it's both. You're definitely getting a double whammy.

My company manufactures networking hardware (we're in california), and to receive stock from China it's gotten really expensive virtually overnight. To send stock to our NL and UK warehouses it's gotten virtually infeasible now, due to the shipping costs rising so much.
2021-01-27 10:20:25 PM  
There is roughly 2300 cubic feet of space available in a 40 ft container.

This price increase is less than $1.50 per cubic foot.

Your refrigerator may have gone up a couple hundred.

If your video card went up more than 50 cents you are getting ripped off.

Tempest in a tea pot. Build the big stuff at home (like we used to). problem solved.
2021-01-27 11:40:17 PM  
The economy will never fundamentally improve until someone invents a way to teleport 3-dimensional objects of useful size and mass.

Maybe not a car, but at least small appliances ...
2021-01-28 10:05:17 AM  
I just watched a video last week that showed usable ships were being cut up for scrap due to covid effects.  I guess some people made the wrong choices.
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