https://preview.redd.it/pea1isjli0id1.png?width=1280&format=png&auto=webp&s=5329a9ca3d38d4a2f07667d029d011964b3d7f0e

Since the start of 2024, shipping rates have more than tripled.

It now costs around $9,000 to ship a 40-foot container from Shanghai to New York and about $8,000 to Los Angeles.

This spike is due to a steep decline in Suez Canal traffic, disruptions at several Asian ports, and increased demand driven by inventory restocking.