Originally Posted by
Onebyone
BTW, the container shipping cost increase was not overnight from $2K to $20K+...
The last time the index was $2K was a year ago, when it usually hovered in the $1500-1800 range.
Are you saying it took a year to go from 2K to 20K? Seems that is an extreme spike for a year even if not overnight.
It did, but the OP referenced a site's comment that made it sound like this was an overnight change that had
just occurred (so everyone, buy now!), not a ramp up over the past year.
Analysts expect mid/late 2022 for things to be back to pre-container-shortage level.
It's kind of like the dimensional lumber price spike. That's on the downslope now.