Supply Chain Shipping Hell Records Get Shattered As Boats Line Up to Wait at California Docks

Two years ago, the cost for a 40foot container to transport goods from Asia to the U. S was under 2, 000. Today it s as much as 25, 000. Average rates for giant Capesize bulk carriers which can carry products like coal, iron ore and grains jumped by 6, 700 a day on Monday, the most since 2010, as owners continue to benefit from strong demand for raw materials. The rally extended Tuesday, pushing the daily rate to almost 53, 700, the highest level in 11 years, Baltic Exchange data show. Learn More: Your Support of Independent Media Is Appreciated: