Shipping prices have cooled in recent months as some US importers halted merchandise orders amid concerns high level of inventory and uncertainty about continuing Strong consumer spending,
Freight freight from China to the US West Coast was $9,585 a box last week, down 34% from the start of the year and 50% from a year ago, according to the Freights Baltic Index. However, those rates are four times higher than in June 2020, and industry observers expect them to remain above pre-pandemic levels until at least 2023.