The Cost of Shipping Goods to the US Continues to Decline

Kent Polkinghorne -

While container rates have made their most significant declines just in the last few months, we are now well off the highs from August 2021 which priced the China/East Asia to East Coast route just under $21,000 and the China/East Asia to West Coast route at just under $20,000. This drop in freight rates will lead to a significant drop in the CPI (consumer price index) in the coming months.