January 18, 2022

Shipping squeeze | Ocean shipping rates are expected to stay elevated well into 2022, stoking concern that high freight costs are becoming longer-term features of the global economy. The spot rate for a 40-foot container to the U.S. from Asia topped $20,000 last year, a tenfold increase from a few years ago, with tight container capacity and port congestion adding pressure to supply bottlenecks.

Bloomberg News


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TTI Composite Stock Index



The TTI Composite Stock Index was up 6% between December 20, 2021, and January 18, 2022. The Dow Jones Average was up 2.8% and the NASDAQ was down -3.1% over the same period. For more information see the TTI Composite Toy Stock Index in this report.


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Spot Rate Container Prices Up


The cost of a container from Shanghai to Los Angeles was up 1%, Shanghai to New York was up 2%, and Shanghai to Rotterdam was up 3% between January 6, 2022, and January 13, 2022. For more information see the World 40 Foot Container Spot Rate section of this report.