Quote:
Originally Posted by Mr V
I saw mention of this development this weekend too, and the article noted that shipping prices had already "skyrocketed".
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Container prices are up ~50%, but this is a change from $1100 to $1700 for a COMEX box. So in relative terms its an increase, but given the price of what you can move, its not much. Rates are still well below where they have been in the past, which is probably contributing to the bankruptcies. This is similar to how oil was up $10/barrel (30%) from its low, but still down over 50% from the highs many years ago.