Tag: China and U.S.

Approaching slow time of year and force crunch have constrained costs down after record highs The expense of delivery among China and the U.S. plunged for the current week in the wake of hitting record highs toward the beginning of September as the slow time of year draws near, a force crunch eases back Chinese assembling and theorists hurry to sell their accumulated transportation spots. A chief with a Shanghai cargo organization said Thursday that the expense of transportation a 40-foot compartment from China to the U.S. West Coast dropped almost half in the past four days, going from about $15,000 to simply more than $8,000. The spot rate for delivery toward the East Coast had fallen by more than one-quarter from more than $20,000 to under $15,000. Before the pandemic, the rat...