• ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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    1 year ago

    Global shipping rates dropping is one of the leading indicators for recessions in case anybody is wondering how the global economy is doing.

  • flan [they/them]@hexbear.net
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    1 year ago

    so looking at the actual shipping container data the prices have returned to pre-pandemic levels. Prices peaked at like 7x pre-pandemic levels in 2021 and remained there through 2022, so obviously they’re making a lot less profit now. This seems to be another case of morons in the C suite thinking the gravy train would last forever.