The Dispatch - Issue #34

Rates
More reductions incoming, as carriers are seeing rates crash back down to pre-pandemic levels (and below). There is the small issue now of not being certain of getting on the sailing you are aiming for due to blanking’s, but at least you’re not paying $20,000 for the privilege.
Below indices are always lagging on the actual achievable rates but provide a good record & visual of the situation.
XSI® - C
Report a figure of $2,622 per 40’ container (FEU) dated 22/11/22 (down 17.5% WoW)

FBX
Report a figure of $4,075 per 40’ container (FEU) dated 25/11/22 (down 12% WoW)

News



Tweets
Good Morning Everyone! Is inflation cancelled? Container shipping costs are back to pre-pandemic levels. pic.twitter.com/IBWxzyNClg
— Genevieve Roch-Decter, CFA (@GRDecter) November 22, 2022
The scale of Elon’s acquisition— what you can buy for $44B:
— Scott Galloway (@profgalloway) November 22, 2022
- every Premier League football team (Chelsea, Man City, Man United, Arsenal, etc.)
- the Yankees, the Toronto Malple Leafs, the LA Lakers
- & you have enough $ left over for the Denver Broncoshttps://t.co/hgaZN35ceH
This is important - not only is there not enough trucking capacity to provide relief to rail shippers but many of the products that the railroads handle are not conducive to trucking over long distances. 1/ https://t.co/O5h2mpJErc
— Craig Fuller 🛩🚛🚂⚓️ (@FreightAlley) November 23, 2022