Surfing through different websites trying to get your hands on affordable cargo container rental? Well, your search ends here! This blog will help you get the best rates and deals. Along with this, you also get a glimpse of the current market situation to help you make better business decisions.
When leasing a cargo container, your checklist includes finding trustworthy suppliers and reasonable rates for boxes. Container xChange provides you with exactly that — a safe space to lease containers from vetted suppliers at the most competitive rates. With us, you can sign a deal that works best for you and do business with only reliable members.
Leasing cargo containers is the ideal solution if you have several shipments to send out. Leasing cargo units provides the necessary flexibility to meet your ever-changing shipping demands, streamline your operations and allow you to focus on other core business activities.But, it’s not always easy to find boxes on demand. Container xChange however can make that happen for you.
Our platform is home to more than 50,000 containers across 2,500+ locations worldwide sourced from 1500+ vetted partners. xChange’s marketplace is known for its market price transparency where you get to see all the prices listed upfront without any hidden charges. All these prices are competitive and comparable, and some rates are also negotiable depending on the supplier you choose.
To test this out for yourself, try our public search below and find containers across the globe while sitting in front of your laptop screen from anywhere in the world. All you need to do is enter your pick-up and drop-off locations, the container type you’re looking for and hit the search button. This will show you a list of containers, suppliers, and current leasing rates. Choose what suits you best and crack a deal with just a few clicks. If you get stuck, our team of experts is always there to help you out. Try it today!
How much does it cost to rent a shipping container in 2023
In 2022, shipping container leasing rates dropped significantly due to an influx of containers flooding the market. Thus, increasing the supply and lowering the demand. This trend has continued into 2023 as well.
The Container xChange Forecaster’s November edition states that a significant decline in the order-to-inventory ratio caused by excessive stocks and poor demand has had an impact on all phases of container logistics. Insufficient depot capacity is one of the obvious problems that continues to affect container repositioning and container transportation right up till now in 2023.
Container xChange’s monthly logistics report for June 2023 – Where are all the containers? reiterated several compelling market trends, including:
- A significant decrease in demand for products from China in the US and EU with a 30% drop in orders compared to 2022.
- Average prices of cargo-worthy 40ft containers in Asia have recorded a steep decline.
- The average price in China for this box dropped from US $3,413 in May 2022 to US $1,516 in May 2023; US $3,546 to US $1,487 in Singapore and US $3,213 to US $1,441 in Vietnam.
- Prices for containers of all types also saw a 51.1% drop compared to last year, meaning the average price of a box went from US $2,299 – US $4,494.
If you want more insights like these on current market trends and prices, then you should check out Container xChange’s Insights feature. With this feature, you’ll get actual container data from 180 locations globally. Say goodbye to guesswork and hello to informed business decisions. Try xChange Insights for free today!
20ft, 40ft, and other cargo container rental prices on Container xChange
Keeping in mind what you read about the dropping rates in 2023, we’ve covered the average pick up charges for 20ft and 40ft boxes in three locations below:
- Germany, Hamburg- The average pick-up rate of a 40ft HC cargo-worthy container here is US $645.
- Vietnam, Haiphong- The average pick-up rate of a 20ft cargo-worthy container here is US $725.
- China, Shanghai- The average pick-up rate of a 40ft brand new container here is US $523.
Note: The above rates are based on the transactions made on the xChange platform and are subject to changes.
To access these rates, you can simply log on to Container xChange’s neutral leasing platform and get great deals instantly. xChange’s market price transparency lets you see the latest rates and compare them before taking a call on the deal that suits you the best.
There are already many businesses like yours leasing boxes at great rates on xChange. And the 10k+ monthly transactions are proof of that. These businesses are also enjoying other benefits of xChange like having access to big names in the industry including Kuehne+Nagel and SOGESE, to name a few.
They’re also increasing their operational flexibility with SOC containers for one-way leasing. Plus, they’re negotiating prices directly with the seller, having access to safe payment handling through the xChange Wallet, and communicating with depots, among other benefits.
So, what are you waiting for? You can make use of all these benefits too. It’s time to stop juggling between different websites to lease containers to find the best rates. On Container xChange, you find everything under one platform. Click the banner below to get started.
How to rent a shipping container on Container xChange?
The process to lease boxes on our platform is simple and efficient. Here’s a step-by-step guide:
Step 1: Registration – Begin by signing up for an account on the Container xChange platform. Provide the necessary information, including your contact details and any other business credentials required.
Step 2: Container Search – Once registered, you can search for containers available for lease. Specify your requirements, such as container type, size, location, and duration. Our platform allows you to browse listings posted by vetted partners.
Step 3: Selecting Containers – Review the available container listings and choose the one that meets your needs. Consider factors such as the container’s condition and leasing terms.
Step 4: Request a Quote – Contact the supplier to request a quote for the lease. Provide the necessary details, including the desired lease duration and any additional requirements.
Step 5: Negotiation – Depending on the terms offered, you may be able to negotiate the lease agreement terms, including the rental price, payment terms, maintenance responsibilities, and insurance coverage.
Step 6: Agreement and Payment – Once both parties agree on the lease terms, finalize the agreement. Container xChange offers a secure platform to handle the payment process, ensuring that the transaction is completed smoothly.
And voila, you’re done! Leasing containers doesn’t have to be a daunting task. So click on the banner below and let one of our experts help you get one step closer to leasing the box you need!
Cargo container rental: Save money with one-way leasing
One-way leasing is the most flexible type of leasing that you can opt for. It gives you more logistical and operational freedom. Moreover, you can save money by avoiding empty container repositioning costs.
Here, you use the boxes only for one trip. For example, Hamburg to Los Angeles. You’d only pay the lease according to the pick-up charge and free days. Notably, with one-way leasing, you have more free days, which means you pay little per diem charges.
Why rent a cargo container
When renting a cargo container, it’s important to ask yourself questions like:
Why do I need a cargo container?
How long do I need the cargo container for?
How much money can I invest right now for a cargo container?
These questions help you make informed decisions on whether to buy or lease boxes. While sometimes, buying a box makes more sense, there are times when leasing a container can equally benefit you. You may now ask, which one to choose then?
If you need a box for permanent and frequent use, investing (buying) is the best idea. Especially if you’re thinking of modifying the container. Additionally, if your usage demand always remains high, buying is your ideal choice.
However, if your needs fluctuate often or you aren’t sure how long you’ll need the box for, then leasing is the way to go. Otherwise, you’ll end up paying unnecessary maintenance costs for a box you probably won’t use over a prolonged period.
To simplify it even further, you should lease a box when:
- You don’t have enough capital at hand but need containers for shipment.
- Your needs tend to change, and you experience a temporary surge in demand for boxes.
- You don’t know how your long-term demand will develop.
You should buy a box when:
- Your requirement is largely for storage purposes.
- Your usage demand always remains high, and you need a box for permanent and frequent use.
- You need to modify a container or convert them into something else, say an office space.
Whether you’re buying or leasing, it’s always good to weigh out the pros and cons and see how it might benefit you, so let’s take a look at what the benefits of renting a cargo container are:
Benefits of renting a container
If you’ve decided to opt for leasing a container, here’s how this could benefit your business:
Leasing provides flexibility in terms of container type, size, and duration. You can choose containers based on your specific requirements, whether you need a standard dry container, a refrigerated container, an open-top container, or any other specialized type. Leasing also allows you to adjust the number of containers you need based on fluctuations in demand.
Leasing a cargo container can be more cost-effective than purchasing one, especially if you have short-term or intermittent shipping or storage needs. Leasing allows you to avoid the upfront costs associated with buying a container, such as the purchase price, maintenance expenses, and storage fees when not in use.
Reputable container leasing companies often have established security measures in place. They prioritize the safety and security of their containers to protect the interests of their customers and mitigate potential risks. This can include implementing surveillance systems, access control measures, and container tracking technologies to monitor the containers’ whereabouts and minimize the chances of theft or unauthorized access.
Renting containers provides easy access to a wide range of container types, sizes, and configurations. Rental companies often maintain a diverse inventory of containers to meet various customer needs. Whether you require standard dry containers, refrigerated containers, open-top containers, or specialized containers, renting allows you to choose the specific type that suits your requirements. This accessibility ensures that you quickly obtain the container you need without the hassle of purchasing and maintaining one yourself.
Cargo container rental made easy with Container xChange
Sure enough, you now have all the information that you need about cargo container rental. So, why not recap the benefits of renting a box through xChange? Many companies have benefitted from leasing containers on our platform. And you can make the most of it too. Here’s what one of our members had to say about their experience with us:
“I love to look at potential partners’ company profiles. Reading their ratings and reviews and seeing how they perform on the platform makes it easy to choose the right partner. xChange saves me hours of work each week, that I would otherwise spend on finding and vetting new partners.” – Archana Jayakrishnan, VS&B Containers group, India
Leave behind the worry about dealing with fraudulent companies and hop onboard our platform right away. You’ll find trustworthy and vetted suppliers who can provide you with the box you’re looking for. Currently, we’ve housed 1500+ members in 2500+ locations globally. You can even work directly with some of the big names in the industry and grow your business prospects. Check the company profiles of the partners you’re dealing with and view their performance and ratings. This helps you stay informed about who you’re doing business with.
Another advantage of leasing containers through Container xChange is market price transparency. It helps you to see the rates offered by partners, compare them, and then make an informed decision based on what suits you the best. Plus, our easy payment handling feature, the xChange Wallet takes care of all your transactions under one platform by sending you one consolidated bill.
So, if you’re ready to simplify your container operations, then simply click on the banner below to start your leasing journey today! Find out more about the leasing platform and how it works as our support team takes you through everything and answers all your queries first-hand. Rest assured to get the best and most competitive rates for your next leasing quest. Come and join the xChange revolution!
Cargo container rental: Common FAQs
How much does a cargo shipping container cost?
A cargo shipping container costs an average pick-up rate of US $1,133 in 2022. If you're looking for a 20ft container, the average pick-up rate is US $774.11, And for a 40ft cargo shipping container, the average pick-up rate stands at US $2302.74.
How much does a 20ft container rental cost?
Currently, container leasing rates are dropping. An example of the price of a 20ft container rental is as follows. Vietnam, Haiphong- The average pick-up rate of a 20ft cargo-worthy container here is US $725.
What are cargo containers used for?
Cargo containers are used for a variety of purposes. They come in standard size and are extremely durable and versatile. You can use cargo containers to ship your dry and temperature-sensitive goods efficiently. You can also use them for storing a large volume of goods.