How much do shipping companies make a year?
Ocean-freight carriers pulled in estimated profits of $150 billion in 2021, Bloomberg reported. That was up nine-fold from the previous year and ended a long run of much smaller gains. Historically high shipping rates played a major factor in last year’s windfall, and are expected to continue in 2022.
How much does it cost to start a shipping company?
It typically costs around $5,000 to start a shipping business. This includes the cost of shipping supplies, such as boxes and packing materials, as well as marketing materials and your website.
How much do cargo shipping companies make?
In 2021, the industry is forecast to make $150 billion. That’s a new record. In 2020, the industry brought in $25.4 billion, according to The Journal of Commerce. And even though 2021 has been a banner year, Drewry expects the industry to make even more in 2022.