The US-based Wall Street Journal has expressed concerns about shipping and logistics costs in 2022. In fact, the increase they are experiencing is not expected to stop, especially because of the strong demand seen during the year.
Sharp increases in contract prices for the coming year are being observed, blaming inflationary pressure induced by strong demand and limited capacity in freight markets. This was announced by US transport and logistics providers.
The economic and financial newspaper reports that " Shipping executives say they expect rates set in many annual contracts to double from agreements reached earlier this year, before supply chain bottlenecks squeezed capacity. ».
Some transport companies have also forecast double-digit growth in contract rates for 2022.
Overall, domestic shipping rates for trucking and rail freight in the United States are up about 23% this year compared to 2020.
According to Cass Information Systems Inc., which handles freight payments for companies, carriers have had to raise wages to attract new recruits.
A separate measure of the Logistics Managers Index, which was launched in 2016, tracks overall logistics prices, including transportation, warehousing and inventory costs. The latter hit a record high in November, rising 3,4% from October and 14% year-on-year.
"Price increases should be moderate as demand for transportation declines and companies finish replenishing depleted inventories "At least that's what Derek Leathers, general manager of Omaha, Nebraska-based truckload carrier Werner Enterprises. Inc., expects. But not until 2023.
FedEx Corp. and United Parcel Service Inc., the delivery giants, both said rates would rise an average of 5,9 percent next year across most services, the first time in eight years that either company has posted annual increases of more than 4,9 percent.
“The spot price to ship a 40-foot container from Shanghai to Los Angeles earlier this month was 75% higher than the same time last year,” estimated Xeneta, a Norway-based transportation and procurement data specialist.
In Illinois, Seko Logistics says its “contract rate to ship a 40-foot container from Asia to the U.S. West Coast could double next year to $6 to $500. In 7, ocean carriers were paid $000 for the same service.”
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