In August, Nissan paid what shipping analysts say was a record $100,000 (£83,500) a day to rent the car carrier Lake Geneva, up a whopping 150% from the rate paid 11 months ago.
In its latest earnings call, Nissan confirmed that it had paid an additional ¥19 billion (£114 million) to ship its cars in the six months to the end of September compared with the same period the year before.
In fact, across multiple earnings calls over the past couple of weeks, CEOs and chief finance officers groused and grumbled about the cost and difficulty of getting their cars from factory to customer.
The shipping crunch has become one more inflationary pressure to add to the list, except this is one that could be with us for some time.
