Wacky Pandemic Peak Season & Freight Cost

The pandemic has rocked the world like nothing we've ever known in our lifetime. It's the biggest disruption since peacetime began, with the world temporarily shutting down for months, and there being a level of uncertainty as to whether it will happen again. So, what does this mean for the freight and shipping industry?

During the periods where Coronavirus was at peak intensity, international shipping halted, and many speculated a peak season wouldn't come. Peak season usually starts mid-August to October. Despite supply chains collapsing and businesses falling, the peak season for freight shipping has come.

There seems to be a case of mass ordering occurring now that much of the world is trading more freely. Businesses and the public alike are ordering more to try and bump up their sales ready for a potential fall again, thus creating the peak season we're experiencing.

One financial implication to be noted is the increase in the cost of freight shipping. International fees are far higher than they once used to be due to many factors. There is more time, risk, and money needed to be able to ship internationally, and tightened borders. There's also the lack of freights running at the minute due to financial cuts. All of which are only adding to the frustration.

So, it raises the question, when will freight prices drop? Some say coronavirus is going to have a detrimental impact for months to come, meaning there is a level of uncertainty as to when the prices will drop again. It will largely depend on the course of the pandemic and the survival of freight shipping businesses.

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