Containerized shipping joins modern financial world with CME futures
Freightos
FEBRUARY 28, 2022
While this may have been innovative in the 70s, futures are now a central part of how multinationals plan to minimize the risk of price volatility. The cost of importing a 40’ container from China to the United States West Coast grew 1,000% from $1,800 in 2019 to over $20,000 in September 2021 according to our Freightos Baltic Index (FBX).
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