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China to US Freight Cost Soared Tenfold Due to Container Shortage

By Jessica Mao and Ellen Wan Since August, the price of container freight from China to the United States has soared ten times, setting a record high. Due to the CCP (Chinese Communist Party) virus pandemic, containers shipped from China cannot return immediately after unloading at their destinations, causing congestion due to empty cargo rotation and limited shipping capacity. Global shipping […]