Container prices softening, but congestion keeps supply tight

Carriers are reducing the intake of new containers and holding onto older units longer ahead of peak season and as congestion slows the circulation of boxes globally.

Carriers are opting to hold onto older containers to avoid buying new units as prices remain well above pre-pandemic levels. Photo credit: Hieronymus Ukkel/Shutterstock.com.

Carriers are reducing the intake of new containers and holding onto older units longer ahead of peak season and as congestion slows the circulation of boxes globally.