Compare International Shipping Rates with ShiprocketX

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Consumers today expect low shipping rates, if not free shipping, from brands. They want quick deliveries at reasonable prices. However, slashing shipping rates for end customers means businesses must cut their shipping costs.

According to Prabhudas Lilladher’s report, 2024 saw a high jump of about 3-4 times in spot rates for shipping a 40-foot container, touching record highs of US $6,000 to $10,000 per container. Moreover, there have been two General Rate Increases (GRIs) within a few weeks in May 2024, which indicates a tight market. GRIs refer to increase in the base shipping rates charged by shipping companies.

While sellers are inclined toward selling internationally, higher shipping costs estonia phone number list accompanying cross-border deliveries still remain an issue.

In such scenarios, how do businesses stay afloat higher international sales while remaining profitable? The best way you can do this is by identifying the top factors affecting your shipping rates and deciding on the most cost-efficient choice.