When Donald Trump was president in 2020, the price
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Posted On: 07/30/2022 4:10:03 PM
When Donald Trump was president in 2020, the price to ship a container from Asia to California was $3,800. That price spiked to $17,000 in October of 2021.
Surge in Shipping Costs Globally Could Cause Price Hikes From Coffee to Toys
Transporting a 40-foot steel container of cargo by sea from Shanghai to Rotterdam now costs a record $10,522, a whopping 547% higher than the seasonal average over the last five years, according to Drewry Shipping.
A confluence of factors — soaring demand, a shortage of containers, saturated ports and too few ships and dock workers — have contributed to the squeeze on transportation capacity on every freight path. Recent Covid outbreaks in Asian export hubs like China have made matters worse. The pain is most acutely felt on longer-distance routes, making shipping from Shanghai to Rotterdam 67% more expensive than to the U.S. West Coast, for instance.
Often dismissed as having an insignificant impact on inflation because they were a tiny part of the overall expense, rising shipping costs are now forcing some economists to pay them a bit more attention.
During the last shipping crisis Pete Buttigieg was on paternity leave with his partner.
What’s his excuse this time?
https://time.com/6073233/shipping-costs-surge...ike-goods/
Giant container ships carrying America's coffee, wine and electronics drop anchor outside Port of Oakland as truckers threaten to make strike 'indefinite'
Independent truck drivers have been blocking road access to the port since last week, preventing ships from unloading at the major shipping hub.
Truckers have been protesting California's Assembly Bill 5, a law requiring certain industries to classify contractors as regular benefitted employees
Photos of the port showed rows of stacked shipping containers with nowhere to go and an armada of fully loaded freighters queued up, unable to unload
video: https://videos.dailymail.co.uk/video/mol/2022...396458.mp4
video:
https://videos.dailymail.co.uk/video/mol/2022...672469.mp4
Many truckers have argued the law ruined their autonomy and upended the way they do business, and challenges to the law met a dead end last month after the US Supreme Court declined to advance the case.
Truckers against AB5 say it would make it harder for companies to classify workers as independent contractors.
They say the law will require them to spend thousands of dollars on insurance and equipment rentals like chassis to remain independent.
'AB5 is everything that obstructs a small truck business owner's ambition to live the "American Dream," ' Aboudi said.
video:
https://videos.dailymail.co.uk/preview/mol/20...487719.mp4
Surge in Shipping Costs Globally Could Cause Price Hikes From Coffee to Toys
Transporting a 40-foot steel container of cargo by sea from Shanghai to Rotterdam now costs a record $10,522, a whopping 547% higher than the seasonal average over the last five years, according to Drewry Shipping.
A confluence of factors — soaring demand, a shortage of containers, saturated ports and too few ships and dock workers — have contributed to the squeeze on transportation capacity on every freight path. Recent Covid outbreaks in Asian export hubs like China have made matters worse. The pain is most acutely felt on longer-distance routes, making shipping from Shanghai to Rotterdam 67% more expensive than to the U.S. West Coast, for instance.
Often dismissed as having an insignificant impact on inflation because they were a tiny part of the overall expense, rising shipping costs are now forcing some economists to pay them a bit more attention.
During the last shipping crisis Pete Buttigieg was on paternity leave with his partner.
What’s his excuse this time?
https://time.com/6073233/shipping-costs-surge...ike-goods/
Giant container ships carrying America's coffee, wine and electronics drop anchor outside Port of Oakland as truckers threaten to make strike 'indefinite'
Independent truck drivers have been blocking road access to the port since last week, preventing ships from unloading at the major shipping hub.
Truckers have been protesting California's Assembly Bill 5, a law requiring certain industries to classify contractors as regular benefitted employees
Photos of the port showed rows of stacked shipping containers with nowhere to go and an armada of fully loaded freighters queued up, unable to unload
video: https://videos.dailymail.co.uk/video/mol/2022...396458.mp4
video:
https://videos.dailymail.co.uk/video/mol/2022...672469.mp4
Many truckers have argued the law ruined their autonomy and upended the way they do business, and challenges to the law met a dead end last month after the US Supreme Court declined to advance the case.
Truckers against AB5 say it would make it harder for companies to classify workers as independent contractors.
They say the law will require them to spend thousands of dollars on insurance and equipment rentals like chassis to remain independent.
'AB5 is everything that obstructs a small truck business owner's ambition to live the "American Dream," ' Aboudi said.
video:
https://videos.dailymail.co.uk/preview/mol/20...487719.mp4
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