Shipping Costs Down In March By 12% For Number of Reasons

In a world gripped by all too real concerns about inflation and bad news, the physical cost of shipping a container worth of goods dropped in March 2022 from the extremely high premiums being charged late last year and during the opening stages of our current economic challenges.

Having fallen by as much as 12% from previous highs, container traffic stayed strong throughout the month despite slowdowns in manufacturing deliveries to ports in especially China due to economic disruptions and the COVID related shutdown of the Shanghai region.

Marketplace.org’s reporting on the ongoing changes in the cost of physically shipping goods through the global supply chain shows that the lockdown related disruptions in manufacturing will likely translate into supply disruptions and potentially more demand related price inflation globally as consumers continue to compete to purchase a smaller number of in demand items.

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