Soaring Costs to Move Goods by Plane and Ship Set to Go Higher
Gantry cranes stand above the Port of Los Angeles.
Photographer: Patrick T. Fallon/Bloomberg
By
Bloomberg News
Capacity constraints have driven up rates for international shipments this year whether by sea, air or land, further complicating matters for supply-chain managers dealing with the effects of Covid-19 on their businesses.
The cost of moving goods by ship has climbed 12% in 2020 to the highest in 5 1/2 years, according to the Drewry World Container Index.
