Inflation keeps growing as shipping rates dip — Panjiva

Supply Chain Research

Inflation keeps growing as shipping rates dip

Global 1389 Panjiva Basics 11 Trade Balance 932 U.S. 5316

Shipping rates out of China have likely providing some relief to shippers even if still elevated. This accounted for a drop of 5.6% in rates out of China on average since the week of February 11, up 1.3% since the beginning of the year. Rates to the U.S. west coast and Europe followed this trend, declining by 6.1% and 5.6% in the same period. The west coast route has been less volatile over the pandemic period, and the increased drop may be in part attributed to continued efforts to clear congestion like the recently announced temporary storage locations for containers. The effects of in...

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