Today, WarehouseQuote launches the Q1’2024 Warehouse Pricing Index, (WPI), with national and regional level warehousing insights surrounding the current costs for outsourced inventory management.
National storage costs have increased 3.0 percent year-over-year, according to the Q1’2024 warehouse pricing report. Prices remain resilient as capacity increases and inventory levels normalize across the majority of sectors.
Container shipping rates from North Asia to the US East Coast rose to $6,200 per FEU as of Jan. 4, 2023, from $2,150 per FEU in early October, S&P Global Commodity Insights data shows.
The Q1’2024 report also includes comprehensive insights from C.H. Robinson and S&P Global Market Intelligence.
Logistics and supply chain professionals can sign up for monthly market updates to receive WPI insights and stay ahead of today’s dynamic supply chain landscape.
WarehouseQuote is a managed warehousing solution helping middle market and enterprise businesses drive business results. Our vetted warehousing network, operations expertise, and integrated technology platform enable businesses to build custom warehousing and fulfillment solutions connected by a single technology platform. Hundreds of B2B and B2C businesses use WarehouseQuote to scale, streamline, and optimize their warehouse operations.