Source: CCTV Finance and Economics
[# Southern California Port congestion record # # A container freight from Shanghai to Los Angeles is nearly 70,000 yuan #] since the beginning of this week, congestion in the busiest ports of Los Angeles and long Beach in the United States has intensified, as of Monday, there are as many as 97 container ships waiting to enter the port outside the above two ports, and the average entry time has been extended to 8.7 days. There has never been such congestion in history. The cost of shipping a 40-foot standard container from Shanghai to Los Angeles this week was $10377, or nearly 67000 yuan, up 329 percent from the same period last year, according to data. Shipping and logistics giant Maersk expects severe congestion at the world's major cargo ports to continue until at least the end of the year. With the autumn and winter shopping season approaching, a large number of merchants began to place orders to prepare goods in advance, putting further pressure on freight routes from Asia to the United States. Due to rising freight rates, some US retailers are planning to raise prices, and the cost of celebrating the holidays for US consumers at the end of the year will be higher.