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  • Shipping & Freight Cost Increases, Freight Capacity, and Shipping Container Shortage [2021]

    Ocean freight rate increases and delays
    With many importers and exporters already shipping holiday inventory, August is likely set a new record for monthly US ocean import volumes.
    In response to rising demand, ocean carriers have increased transpacific container capacity by approximately 22%. But with no way to increase port capacity, those additional ships are contributing to the new record number of vessels waiting for days outside of LA/Long Beach ports.
    Ocean freight rates remain extremely high but stable.

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