Key Factors Determining Freight Forwarding Container Rate | LOTUS Containers

Price becomes one of the most crucial factors to consider when you think of buying shipping containers. The freight forwarding service provider may come up with varying price lists that could make anyone confused. Most of the shippers look for the cheapest rate available but end up compromising with quality-that incurs huge losses many times. What makes freight containers to be available at different prices? To understand what exactly goes into the freight forwarding container rates, we have to look at the key factors that determine it. 

Types

Entering the world of shipping boxes, one can be mesmerized by looking at the different types of freight containers. The shipping container fleet is wide and extensive. Moving on from dry van, pallet wide, double door, and single door to tankers container- the range is inexplicable. One can’t expect one price for all types of shipping containers. Depending upon their types, functionality, designs, interiors, etc. the freight forwarding container rates vary from bottom to top. 

Size

Size does not affect the price to a great extent but the effect cannot be forsaken as well. You cannot expect a 20ft shipping container and a 40ft shipping container to be of an equal price range. There will be a little difference in price with their changing size. A standard 20ft shipping box can cost less than a 40ft shipping box, depending on whether you’re going to buy new or used shipping containers. And when the price is being compared between standard vs high cube containers, then obviously the price will never be the same. As high cubes provide an extra 30 cm volume to the unit, that is why the size matters while pricing. 

Location

The price varies enormously as per the location where the shipper wants to buy the shipping containers. If you are searching for shipping boxes near a seaport, the chances are more you may get them at the least possible prices because seaport gives homes to numerous shipping container providers. Every provider will offer you a competitive rate and hence you can compare the prices and buy the one at the lowest price. However, if you live far away from seaports or retail hubs, you may not have a wide option to choose from. You can only buy from the nearest shipping container company at set freight forwarding container rates. You may think of ordering them from other locations but that will add transportation cost. As an example, if you may find the rate of shipping containers in California very reasonable but ordering them to Mexico will add up a huge transportation cost. 

Duration of hire

The duration for which you are going to hire a container through lease, rent, or purchase also accounts while determining the boxes’ price. Container leasing is often considered costlier than buying but then also most of the shippers go for a lease than a purchase. As when hiring the shipping units for a lesser period, the price falls in the line with their budget. But if your business is a continuous supply of shipping boxes then buying will be more profitable than renting.

Condition & Age

The aging and condition of shipping boxes also fluctuate its price range. This factor is associated only with the used cargo containers for sale. The price dramatically decreases if the boxes are long used, not in good condition, broken, rusted, etc. Used shipping containers can be used for storage purposes or short-distance transportation. But if your goods are expensive and you do not want to take a risk, contact a trusted container supplier company and buy a brand new one. 

Modification

The prices also fluctuate dramatically with the extent of modification. A basic steel unit comes with no extra features and design; it is just a closed steel box. The shippers get it designed from the manufacturing party as per their needs and requirements. Thus, the price gets added the moment you ask your manufacturers to fix machines like- refrigerators, insulated walls, etc. 

Wrapping up we see that the freight forwarding container rates are hugely affected by the above-mentioned factors. By handling them in advance, the shipper can buy a new container or get a used container for sale with ease without burning a hole in their pocket.

One just has to contact a premium Shipping Container Company and all the worries are taken care of by them. The shipping container providers help the shippers with diverse container sizes, types, and dimensions. To enjoy tension-free longer duration shipping and to avoid demurrage and detention charges, they supply SOC containers. To give you freedom from the extra budget, they have leasing options like One Way Lease and others.