FedEx, a freight forwarding corporation that provides China with an end-to-end supply chain, may ultimately be the key to closing the trade gap between the two nations. Approximately 7% of China's trade volume is transported by FedEx, and over the next five years, the company plans to increase its freight flow to China by roughly 10% a year. Moreover, FedEx provides China with direct shipment options. Of course, FedEx charges for shipping. For a 20-foot freight container, FedEx charges roughly $47.20 in transportation fees from Shanghai to Chicago. In contrast to shipping rates for autos, one transportation analyst claims that the container shipping industry is currently experiencing one of the worst cyclical downturns in history.
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