Freight costs jump $100m on container shortages

Tue, 02 Mar 2021

Higher international freight costs on the back of covid-related shipping delays and a global shortage of shipping containers saw transport costs surge by $100 million, or 15%, for the December quarter compared to the prior three months.But while Stats NZ data showed sea transport was up almost $70m and air transport climbed by $24m, total transport costs were down $531m for the quarter on a year-on-year basis, reflecting the impact of border closures on international travellers and a drop in the value of imported goods.For December, Stats NZ sa...

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