Global Container Freight Rates Have Halved Since March as Demand Drops and Inflation Looms

Global Container Freight Rates Have Halved Since March as Demand Drops and Inflation Looms
This aerial photo shows containers stacked at a port in Lianyungang in China's eastern Jiangsu province, on Dec. 7, 2021. STR/AFP via Getty Images
Kathleen Li
Updated:

Global container freight rates have been falling since March, and the Freightos Baltic Index (FBX) has nearly halved in the past six months.

The third quarter of each year is the traditional peak season for freight. However, this year, the freight industry has experienced a downshift due to global inflation, weakened economic outlooks, and shrunken demand.

Kathleen Li
Kathleen Li
Author
Kathleen Li has contributed to The Epoch Times since 2009 and focuses on China-related topics. She is an engineer, chartered in civil and structural engineering in Australia.
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