08 Sep Shipping costs in 2022. Click to keep reading…
The surge in shipping costs will level off this year, and gradually decrease in 2022. Those with contracts will probably renew at higher rates while contact rates catch up with spot rates. Truck flatbed rates will contract more quickly than dry van or refrigerated rates. As the railcar backlog dissipates, the rail container rates will improve. As coal and auto production ramp up, rates for other forms of rail shipping will increase by at least 2%. As consumers feel more comfortable with travel by air, air freight rates will decline, as most freight flies in the hold of commercial airliners. It’s hard to predict, but it’s likely that passenger air travel will continue to be disrupted through 2022, so freight rates will stay high, or even increase through next year.
Ocean freight rates will ease slightly by mid-2022, as trade normalizes. Chassis and container shortages will continue, with rates increasing for refrigerated freight moving from the U.S. to South America.
Learn more about container shipping at WSJ.com.
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