3 ms·

The cost of shipping items by ocean, or the number of items shipped by ocean? Ah, English...

• nyokodo 4y ago
  > Freight rates on the main ocean trade routes are sinking during what is typically the industry’s peak season after cargo owners shipped holiday goods early and inflation dented consumer demand.
  • underyx 4y ago
    Even this doesn't disambiguate. The answer is that it's about the cost of shipping: > The cost to ship a 40-foot container from China to the U.S. West Coast now stands around $5,400 a box, down 60% from January, according to the Freightos Baltic Index.
• nwiswell 4y ago
  I would guess that a 60% reduction in ocean freight volume could only be the result of the worst global depression since the industrial revolution. I got curious: Year | Billions of tons 2020 | 10.65 2019 | 11.07 2018 | 11.02 ~~~ 2010 | 8.4 2009 | 7.86 2008 | 8.23