Freight Prices to Shanghai Surge as Covid Curbs Upend Trucking Market

The market for hauling goods on the back of trucks into Shanghai — one of China’s main export gateways — has gotten so out of whack that some logistics companies are refusing to route through the Covid-stricken city, with one saying it won’t even quote customers a price.

The chaos in the Shanghai freight market comes as measures to curb the financial capital’s worst ever Covid-19 outbreak continue to squeeze the flow of goods into and out of the city.