China to US Freight Cost Soared Tenfold Due to Container ShortageUS News | The Epoch Times

Since August, the price of container freight from China to the United States has soared ten times, setting a record high. Due to the CCP (Chinese Communist Party) virus pandemic, containers shipped from China cannot return immediately after unloading at their destinations, causing congestion due to empty cargo rotation and limited shipping capacity. Global shipping prices continue to rise as containers become difficult to find. Since January, the cost of container shipping has grown four times. As of Sept. 17, the China Containerized Freight Index (CCFI) has increased by 90.34 percent from the beginning of 2021. According to data from previous years, shipping a 40-foot container from China to the United States costed around $1,000 to $2,000. Since August of 2021, the container freight rate from China to the United States had exceeded $20,000 per 40-foot container, an increase of ten times and a historic high. Wang Qian, an employee of …

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