As Chinese container manufacturers struggle to meet the demand for storage containers, freight rates to the United States and Europe have hit record highs. In some cases, they’ve jumped as much as 200% higher than rates in 2019 for 40ft containers. However, since this may be a short term surge in demand, many manufactures are choosing not to produce more. Also, the biggest problem may not be the amount of containers in circulation. The global effects of the pandemic on different regions, have created an imbalance in the distribution between markets. While exporters in Asia are looking for any available containers to transport goods, the ports in the United States struggle with a lack of workforce. In turn, this delays the return of empty containers. The result is a worldwide shortage of one trip containers. As production and shipping costs have increased abroad, the same can be said for pricing and availability to end users domestically (here in the US). The shortage and lack of production for future supply, will continue to create challenges for the industry as a whole. If you would like to speak with us one on one, a container specialist is standing by to answer any questions you may have. Feel free to call us today at (877) 670-0229 or complete an online quote request. Container Technology is a member of the Container Alliance Partnership offering portable storage containers for sale as well as shipping containers for rent across north America, for more information visit Container Alliance. Find us on Facebook, Twitter, Youtube, and Linkedin

Demand for Shipping Containers Skyrockets Due to Covid

The coronavirus has created a worldwide shortage of containers.