All Container Heck Breaks Loose amid Flood of Orders from US Retailers to Supply Stimulus-Stuffed Consumers, Cancelled Sailings by Carriers, and Record Spiking Freight Rates

by Wolf Richter, Wolf Street: While US Farmers Struggle to Find Empty Containers for Exports. The freight rates that container carriers charge for shipping containers from Shanghai to the US West Coast has exploded to a new record of $3,871 per 20-foot-equivalent unit (TEU) in the week ended November 13, and to $4,676 per TEU […]