Pileups of Empty Containers Will Continue Driving Freight Prices Down

For months U.S. ports have been struggling to deal with the pileup of empty containers which they cited as one of the issues contributing to port congestion and their inability to handle the surge of imports. While the congestion might normally have been contributing to higher freight costs, a new analysis from Container xChange, a container trading and leasing platform for shippers, suggests that the pileup of empties is contributing to the decline in freight prices. Further, with more disruption likely at U.S. ports, they are predicting continued downward pressure on container prices.

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