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 (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 freight rate in 2024? ›

Our detailed assessment for Thursday, 22 August 2024

The average composite index for the year-to-date is $4,077 per 40ft container, which is $1,273 higher than the 10-year average rate of $2,803 (which was inflated by the exceptional 2020-22 Covid period).

How do you calculate freight cost per container? ›

To calculate freight cost per container, you need to consider factors such as container size, weight, distance, and any additional charges. Multiply the applicable rate per kilogram or cubic meter by the container's chargeable weight or volume to determine the freight cost.

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

On average, shipping a 40-foot container can cost anywhere between $1,500 and $7,000. These costs depend on various factors, like origin and destination, distance, volume of goods, and current market conditions.

What is the average freight rate per mile in 2024? ›

FLATBED RATES 2024

Flatbed spot trucking rates have slowly declined over the last year staying around $2.50 per mile in 2024. Flatbed contract rates have remained steady over the past year, jumping to around $3.25 per mile in March 2024.

What is the general rate increase for 2024? ›

Here's a breakdown of their 2024 General Rate Increase (GRI): UPS's average increase in UPS Ground, Air, and International service rates is 5.9%. However, Area Surcharges apply to changes in the list of ZIP Codes aligned to certain zones.

What are the current freight rates? ›

Here are the current rates for the most popular freight truck types:
  • Overall average van rates vary from $2.30 – 2.86 per mile.
  • Reefer rates are averaging $3.19 per mile, with the lowest rates being the Northeast at $2.47 per mile.
  • Average flatbed rates average $3.14 per mile.

How much does the average freight container cost? ›

In general, a new 20ft dry container can be purchased from anywhere between $1,500 and $3,500, while a new 40ft dry container typically costs between $2,500 and $4,500. If you're interested in a new 40ft high cube (HC) container, expect to pay roughly $2,500 to $6,000.

What is the formula for freight rate? ›

It is computed by multiplying the shipment's length, width, and height by a volumetric factor, then dividing the result. A volumetric factor is used to translate a shipment's volume into its equal weight in kilogrammes. The cost of the shipping per kilogramme or per cubic metre is called the freight rate.

How do you set freight rates? ›

They depend on various factors, such as freight supply and demand, fuel costs, distance, type of cargo, and seasonality. Carriers typically list trucking rates as “per mile,” so it's important for shippers to know the distance between their starting point and delivery destination to calculate an accurate estimate.

How much does it cost to bring a 40 foot container from China? ›

How much does it cost to ship a 40ft container from China to USA, the average price to ship a 40ft container from China to USA is from $2150 to $4850. The shipping timeline to ship a 40 foot container from China to USA ranges depending on the route.

What is the difference between shipping cost and freight cost? ›

Freight costs often depend on the weight, volume, and distance. There's a lot of emphasis on optimizing load and routes to keep costs down. In general, shipping pricing can be influenced by a wider range of factors, including the mode of transport, speed of delivery, and the nature of the goods being shipped.

How much does it cost to ship a full container load? ›

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.

What is the cheapest container shipping company? ›

Cheapest moving container companies in 2024
  • U-Pack's transparent pricing and low costs for larger homes earn it the No. 1 spot.
  • U-Haul's 23,000-plus locations and storage options make it our No. 2 choice.
  • PODS' month of storage with each rental and multiple container sizes make it our No. 3 pick.

What is the price of a 40 feet container? ›

Estimating the Cost of Shipping Containers in India
Container TypeConditionPrice Range (INR)
20 Feet Refrigerated ContainerNewUp to ₹12,40,000
Used₹4,13,000
40 Feet Dry ContainerNew₹1,92,500 - ₹2,23,000
Used₹1,05,000 - ₹1,23,000
3 more rows
May 26, 2024

What is the trucking forecast for 2024? ›

The balance between market supply, freight demand and operating expenses dictates truckload freight rates. In 2024, I expect demand to remain low, particularly in the dry van sector, most expenses to rise and for capacity to exit the market before mid-year.

What is the outlook for the shipping industry 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.

Are freight rates dropping? ›

Monthly container freight rate index worldwide 2023-2024

Container freight rates oscillated dramatically between January 2023 and August 2024. 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.

What is the forecast for freight forwarding? ›

In 2024, the freight forwarding market was estimated at 176 billion U.S. dollars and is expected to increase in the following years. In 2029, the market is projected to reach the size of almost 216 billion U.S. dollars. The leading companies in this field include DHL Supply Chain, Kuehne + Nagel, and Panalpina.

References

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