Merry Christmas! Here is your freight cost increase...

I hate to ruin your Christmas, but I want to give you my predictions about what will happen next year to freight contracts.  Here is my take:
  • Ocean containers:  Contract rates will more than double given the spot price to ship a 40-foot container from Shanghai to Los Angeles early December was 75% higher than the same time last year
  • Contract carriage:  Over 25% – Cass tells us that year-over-year costs are up 23% 
  • Package:  FedEx Corp and UPS both said rates would go up an average of 5.9% next year
I wish I could give you better news.  
Merry Christmas – may it be a good one for you and your family!