image credit: Unsplash

Record Ocean Shipping Costs Add to Auto Industry’s Supply Chain Woes

September 21, 2022


The car industry, already grappling with a shortage of semiconductors, is now seeing another source of supply chain concern: a lack of ships.

Earnings for freighters that move autos and industrial machines across the globe have surged to about $80,000 a day, the highest in data since at least 2000, according to Clarkson Research Services Ltd. a unit of the world’s largest shipbroker.

Read More on Transport Topics