Sunday, August 03, 2008


Quote o' the Day

The cost of shipping a 40-foot container from Shanghai to the United States has risen to $8,000, compared with $3,000 early in the decade, according to a recent study of transportation costs. Big container ships ... have shaved their top speed by nearly 20 percent to save on fuel costs, substantially slowing shipping times.

The recent surge in shipping costs is on average the equivalent of a 9 percent tariff on trade.

A NYT article on how the high price of oil also has benefits to the North American economies, bringing back to the Western Hemisphere work that had gone to the Eastern.

I know a guy who knows a guy who works in a paper company. It's cheaper for them to ship paper scraps to China to make corrugated cardboard boxes and ship them back to the U.S. than it is to just make the boxes in the U.S. That blew my mind a little.
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