Soaring bankruptcies, crashing volumes, and mass lay-offs in shipping and freight -- one of the most reliable indicators of recession
Prices across the eight major shipping routes have plunged by half this year, going from $3,000 per container to just $1,400. One analyst predicts the entire industry will lose $15 billion this year
Soaring bankruptcies, crashing volumes, and mass lay-offs in shipping and freight -- one of the most reliable indicators of recession.
— Peter St Onge, Ph.D. (@profstonge)November 12, 2023
Prices across the eight major shipping routes have plunged by half this year, going from $3,000 per container to just $1,400. One analyst… pic.twitter.com/2J6wq4dTP2