Higher Shipping Costs Cemented Into Contracts for Next 12 Months
Shipping price tags will remain high for the next 12 months as large manufacturers and retailers lock in the higher prices with ocean carriers for yearlong freight rates, Bloomberg reported April 11. For the past several months, the price to…
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ship a container of goods from China to the U.S. West Coast and Europe has been near a record high, with conditions primed for even more increases.