Soaring Costs to Move Goods by Plane and Ship Set to Go Higher

Soaring Costs to Move Goods by Plane and Ship Set to Go Higher

Capacity constraints have driven up rates for international shipments this year whether by sea, air or land, further complicating matters for supply-chain managers dealing with the effects of Covid-19 on their businesses.The cost of moving goods by ship has climbed 12% in 2020 to the highest in 5 1/2 years, according to the Drewry World Container Index.“Ocean-liner rates have benefited from the industry being more disciplined with idle capacity, coupled with support from general rate increases and peak-season surcharges,” said Lee Klaskow,