Consumer demand may halt declining shipping container prices, experts say

A truck carries a cargo container at the Port of Vancouver Centerm container terminal as others are stacked under gantry cranes in Vancouver on Friday, October 14, 2022. THE CANADIAN PRESS/Darryl Dyck

Shipping container prices continue to fall, but persistent port congestion and labour shortages could bring the decline to a halt, experts say.

Shipping container prices from Asia to the West Coast of North America have fallen 67 per cent since April, but remain 111 per cent higher than in 2019, said Judah Levine, head of research at Freightos.

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