U.S. ports brace for congestion and box price hikes

Supply chain professionals in the US and Europe are expecting container prices to rise in the coming days and weeks. The Container Price Sentiment Index (xCPSI) unexpectedly rose from 26 to 61 points between March 18 and March 29, indicating a strong sentiment for future price increases. We have received feedback from industry sources indicating an anticipated increase in container prices in the upcoming days/weeks, with projections ranging from 50-100 USD per TEU.

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