HIGH POINT – Spot rates for 40-foot containers continued their dramatic rise since April into December.
According to the World Container Index from shipping analytics firm Drewry, that rate climbed to $3,435.57 as of Dec. 3, a 12.3% jump increase from early October.
After declining January through March to around $1,500, the 40-foot spot rate reached $2,000 in August and surpassed $2,500 in September.
Ocean-shipping spot rates typically fall off after the fall peak season, but with all consumer goods sectors playing catch up, those rates will likely stay higher than usual into the New Year.
The World Container Index assessed by Drewry is a composite of container freight rates on eight major routes to and from the United States, Europe and Asia.