Shipping costs soar amid Covid disruption

In:

Transport

Region:

Middle East & Africa, Americas, Asia-Pacific, Europe

Global shipping costs have skyrocketed since Covid, new figures show. Until 2020, the cost of shipping a 40-foot container along the world’s major trade routes never exceeded $2,000. Once Covid hit, however, shipping firms reduced their fleets in expectation of low consumer demand - but demand...

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