Tough time for shippers

Put the following three things together and you’ll see the challenges shippers face:
  1. A shipping-container shortage has snarled global supply chains for commodities, raising prices. Commodity traders in the likes of sugar, copper, coffee, and metals are looking to pass higher transport prices along, when they can find a box to ship their goods
  2. The Cass Freight Index for U.S. domestic shipments in January is up 8.6% from a year ago and a 3% seasonally-adjusted increase from December
  3. Oil closed up 4% Monday to $61.69 /barrel.  (Diesel was up a dime from last week)