“We’re trying to do the best we can, but this is crippling us,” says Scott Humphreys. “Before the pandemic we were paying $2,500 to $2,800 (£1,800-£2,000) to bring a 40-foot container from China. Now we’re paying $16,000 - if we can get a booking.”
There is an article in the BBC about high container rates, they seem to be pointing the finger at anti-competitive cartel style price fixing as the cause.
Is this price fixing on container rates not illegal under international law? Could the USA not use its unofficial position as world police to try and stop this price fixing?
People are predicting a post-covid world wide economic boom as the vaccinations are rolled out world wide, these crippling container rates allegedly caused by price fixing could really hamper that economic boom.