Container prices decline at LA/LB, congestion continues, no link between reliability & freight rates

Container prices decline at LA/LB, congestion continues, no link between reliability & freight rates

Container prices decline at LA/LB ports, global congestion continues, no link between reliability & freight rates

The average price for 40 ft high cube containers dropped 11 percent from $4,863 in August to $4,342 in November at the port of Long Beach. At the port of Los Angeles, a 20 ft dry container costs $1,850 and a 40 high cube costs around $4,342 in November - a decline of nearly 11 percent.

On a global scale, about 78 ports recorded Container availability index (CAx) values higher than 0.50 (the value of 0.50 represents the ideal balance of inbound and outbound containers), according to Container xChange, a global container trading and leasing platform.

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