Massive Inflation in Shipping Costs. And the Reasons




by Wolf Richter • Jan 16, 2021 • 145 Comments

Rates for trucking, ocean containers, airfreight, parcels, you name it, the costs for shipping consumer & industrial goods are surging.

By Wolf Richter for WOLF STREET.

The dollar-amount spent by shippers, such as manufacturers or retailers, on shipping their goods jumped by 13% in December from a year earlier, driving the Cass Freight Index of Expenditures to a new record (red line). The amount spent on freight is a function of shipment volume and freight rates:

The Cass Freight Index covers shipments by all modes of transportation, but is heavily concentrated on shipments by truck, with truckload accounting for over half of the expenditures, followed by less-than-truckload (LTL), rail, parcel services, etc. It does not cover commodities.

The freight rates embedded in the index jumped

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China is the key

El dinamismo del mercado asiático y la subida de los combustibles aumentan los fletes de Valenciaport




El Estrecho digital

El VCFI alcanza su máximo histórico hasta situarse en los 1.423,2 puntos lo que supone un incremento del 42,33% respecto al inicio de la serie en enero de 2018


Japan’s Top 10 Exports






by Flagpictures.orgJapan shipped $705.8 billion worth of goods around the globe in 2019. That dollar amount reflects a -4.4% decline since 2018 but a 12.9% increase from 2015 to 2019.

Japan’s exported goods totaled $518.3 billion during the first 10 months of 2020. Assuming an annualized $621.9 billion in exports for all 2020, Japan is on track for an estimated -11.9% drop in value for its shipments from 2019 to 2020.

Based on the average exchange rate for 2019, the Japanese yen has appreciated by 9.9% against the US dollar since 2015 and increased by 1.3% from 2018 to 2019. Japan’s stronger local currency since 2015 make exports paid for in weaker US

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Special Report: UAE emerges as hub for companies helping Venezuela avoid U.S. oil sanctions


NEW YORK (Reuters) - In June, the United States imposed sanctions on half a dozen oil tankers managed by established shipping firms. It was a major escalation of American attempts to choke off Venezuela’s oil trade.

Satellite image captured by Planet Labs and verified by, shows the Alastayir oil tanker (green, top) in a position to conduct a ship-to-ship transfer of crude with the Afra Royal oil tanker (bottom, red) in the Straits of Malacca, Malaysia October 17, 2020. Planet Labs/via REUTERS

Within weeks, a little-known company based in the United Arab Emirates took over management of several tankers that had been shipping Venezuelan oil. The vessels got new names. And then

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