Container Shipping Cost Calculator [2024] - Freightos (2024)

How to Instantly Calculate Your Container Costs and Determine Your Freight Rates

Our free container shipping calculator delivers accurate container rate estimates. Just tell us about your shipment to get an estimate from the world’s largest freight rate database. Then join Freightos to compare, book, and manage your upcoming shipments using our freight rate calculator.

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The Digital Freight Shipping Platform With a Free Container Shipping Cost Calculator

Container Shipping Cost Calculator [2024] - Freightos (1)

Instantly compare air, ocean, and trucking freight quotes from 75+ providers with the perfect balance of price and transit time.

Container Shipping Cost Calculator [2024] - Freightos (2)

Refreshingly easy logistics management with milestone tracking and proactive issue resolution from vetted providers you can trust.

Container Shipping Cost Calculator [2024] - Freightos (3)

Our Freight Team is available to help with every step of your shipment process, from documentation to delivery specifics.

Container Shipping Rates Chart and Prices

Below is a port-to-port container shipping rates chart for cost ranges of common international shipping destinations (from Shanghai, China):

Destination Country20’ Container40’ Container
United States (Los Angeles)$1,236$1,654
United States (New York)$2,231$3,075
United Kingdom (Felixstowe)$1,320$2,005
Germany (Bremerhaven)$983$1,759
Australia (Melbourne)$988$1,479

You can view live international freight rates, prices, and trends, updated daily from the world’s largest freight rate index on theFreightos Baltic Index (FBX).

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Week of May 28th, 2024 Container Shipping Rates and Prices

Ocean rates – Freightos Baltic Index:

  • Asia-US West Coast prices (FBX01 Weekly) increased 13% to $4,917/FEU
  • Asia-US East Coast prices(FBX03 Weekly) climbed 18% to $6,323/FEU.
  • Asia-N. Europe prices(FBX11 Weekly) climbed 6% to $4,876/FEU.
  • Asia-Mediterranean prices(FBX13 Weekly) increased 3% to $5,637/FEU.

Ocean Freight Rates and Trends:

  • Carrier Adjustments and Red Sea Diversions Impact: Increased vessel speeds and transshipment reliance to maintain container schedules.
  • Supply Side Challenges: Congestion, port omissions, delays, missed departures, and decreased empty equipment availability.
  • Demand and Rate Dynamics: Stable demand until May, unexpected increase in demand, congestion worsening, resulting in equipment shortages and rate spikes.
  • Rate Trends by Route: Asia-North America rates nearing peak levels, East Coast and North Europe rates up 50% in May, with intra-Asia rates climbing.
  • Comparison with Pandemic Disruptions: Volume increases without surges, port strategies in place to handle demand, potential for disruptions to decrease once peak season subsides.
  • Potential Shifts to Air Cargo: Disruptions in ocean logistics may drive some volumes to air cargo, stable rates observed in May but potential for increased demand.
  • Impact on Sea-Air Cargo Dynamics: Ocean disruptions driving sea-air demand, rebounding air cargo rates in Middle East, but potential decrease in attractiveness due to port congestion and ocean rate spikes.

Air Cargo Trends:

  • High rates from China to the US and Europe due to increased volumes and a shift to the spot market.
  • Ongoing pessimism about a sustained air cargo rebound.

As a marketplace for international container shipping,Freightos.comleverages volumes of live pricing data from vetted logistics providers on our platform.

Use the cost calculator and keep up to date with container shipping pricing trends to get a better idea of what your total landed costs will be.

  • China – N. America weekly prices decreased 3% to $5.69/kg
  • China – N. Europe weekly prices stayed level at $4.02/kg.
  • N. Europe – N. America weekly prices fell 1% to $1.73/kg.

How Much Does It Cost to Ship 20FT and 40FT Containers?

When comparing prices for container shipping and transport, the size of the container will affect the price.

While there are over a dozen different-sized containers, 20-foot (TEU) and 40-foot (FEU) containers are the most frequently used.

20-Foot Container Shipping Costs:

What fits in aTEUwill determine the cost of shipping. The cost also depends on the type of goods transported and how efficiently these can be packed and loaded into the container.

The dimensions of a TEU are as follows:

  • Length: 19.4 ft (5.9 m)
  • Width: 7.7 ft (2.35 m)
  • Height: 7.9 ft (2.39 m)

Therefore, the total cubic capacity of a TEU is 1,172 cu ft (33.2 m3) and the payload capacity is 55,126.9 lbs (25,000 kg).

This means that a 20-ft container can generally accommodate 9-10 standard pallets.

40-Foot ContainerShipping Costs:

An FEU has double the capacity of a TEU but is not charged at double the price.

If you want to ship a 20-foot container instead of a 40-foot container, it’s worth noting that the latter usually costs just 20-25% more than the former.

These are the dimensions of a FEU:

  • Length: 39.5 ft (12.03 m)
  • Width: 7.7 ft (2.35 m)
  • Height: 7.9 ft (2.39 m)

The total cubic capacity of an FEU is 2,389 cu ft (67.7 m3) and the payload capacity is 61,200 lbs (27,600 kg).

This means you can fit between 20-21 standard pallets in an FEU.

How Are Container Shipping Prices, Rates & Transport Costs Calculated?

Container shipping rates and prices are determined by the form of the cargo, the mode of transport, the weight of your goods, and the distance and popularity of the delivery destination from the point of origin.

Understanding the total cost of importing or exporting your goods is vital to determining the total landed cost of the goods and what your bottom line will be. Check out the Container Shipping Cost Calculator to help you estimate what it will cost to ship your goods.

How Much Does It Cost to Ship From China/Central Asia to the United States?

The cost of container shipping initially increased dramatically with the pandemic but fell sharply over the course of 2022.

Rates in early 2023 have dipped below $2,500, bringing them back to levels not seen since June 2020.

Container Shipping Cost Calculator [2024] - Freightos (4)
Container Shipping Cost Calculator [2024] - Freightos (2024)

FAQs

What is the container freight rate for 2024? ›

Our detailed assessment for Thursday, 20 June 2024

The average composite index for the year-to-date is $3,510 per 40ft container, which is $768 higher than the 10-year average rate of $2,742 (which was inflated by the exceptional 2020-22 Covid period).

How do you calculate container freight rate? ›

Container shipping rates and prices are determined by the form of the cargo, the mode of transport, the weight of your goods, and the distance and popularity of the delivery destination from the point of origin.

Why is shipping so expensive in 2024? ›

Supply Chain Disruptions

One of the primary drivers behind the surge in shipping charges is the persistent disruptions in global supply chains. Factory closures, labor shortages, and restrictions on movement have severely hampered the smooth flow of goods, leading to delays and increased costs.

What is the ocean freight trend in 2024? ›

Air Freight: According to Xeneta, the global air cargo market is on a pathway to double-digit growth in volumes in 2024. Ocean Freight: Global demand measured in TEU Miles grew 24% YoY in April. Road Freight: After some improvement in 1Q'24, the CASS Freight Index has been in decline again.

How much does it cost to ship a 40 ft container? ›

Normal range: $2,000 - $5,000. The average cost to ship a moving container ranges from $2,000 to $5,000 , with a national average of $3,000 . Expect to pay more for heavier items and long-distance moves. The average cost to ship a moving container is $3,000 , but it ranges from $2,000 to $5,000 .

What is container freight rates? ›

Freight rates slumped to their lowest level on the 26th of October 2023, when the going rate for a 40-foot container was only 1,342 U.S. dollars. Since then, the global freight rate has gradually increased, hitting over 4,200 U.S. dollars in May 2024, the highest value on record.

How much does a container ship cost per year? ›

A standard Panamax containership has operational costs of about $9 million per year. The most significant expenses are related to fuel (46%) and port charges (21%), which are variable costs.

Why is freight so expensive right now? ›

This rise in shipping costs has been attributed to a variety of factors, including rising fuel prices, supply chain disruptions, and increased demand for transportation services. Businesses that rely on shipping goods have been particularly affected by the surge in transportation costs.

What is the cheapest way to ship a package? ›

USPS Priority Mail is generally the cheapest shipping service for 2-3 day shipping. FedEx, UPS, and other courier companies offer delivery services with similar lead time expectations, but USPS offers the lowest rates.

What is the freight market forecast for 2024? ›

The 2024 rate environment will be defined by flat to slow demand growth and continued capacity exits, and industry experts are forecasting a fairly broad range of rate outcomes. Transportation Insights and several others project upwards of 30%-40% growth, whereas ACT Research expects around 20% and FTR just over 10%.

What is the outlook for shipping in 2024? ›

In total, we forecast that ship demand will grow 14.5-15.5% in 2024 but fall 4.5-5.5% in 2025. Due to the very weak first half of 2023 and an assumed earlier peak in 2024, the ship demand growth will vary quite significantly between quarters.

What is the gloomy outlook for container shipping and not just for 2024? ›

Drewry's senior manager container research, Simon Heaney, today presented a “pessimistic” outlook for the liner industry, predicting a 60% reduction this year in global freight rates – spot and contract combined – followed by a drop of 33% in 2024.

Will trucking rates go up in 2024? ›

Because of the impact of higher inflation from driver wages, fuel prices, and interest rates and their downstream effects, FreightRun expects freight rates to go higher in 2024 even if the economy slows down – stagflation is a real possibility.

What is the outlook for the shipping industry in 2024? ›

For the year 2024, it is estimated that the maritime shipping market size in dollars will be in the vicinity of US$381.69 billion; in 2029 it is expected to reach US$ 471.81 billion, being, the fastest-growing market: Asia Pacific. The global container fleet has grown in size to meet this demand.

What is the forecast for container shipping? ›

The container ship fleet is forecast to grow 9.5% during 2024 and 4.9% during 2025, equal to 14.9% growth over the two years combined.

What are the current freight rates? ›

National average flatbed rates are currently $2.52 per mile, the same as the May average. The Southeast has the highest average flatbed rates at $2.68 per mile. The lowest rates are in the West, with an average of $2.23 per mile.

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