Container Shipping Has Cratered

Re:Container Shipping Has Cratered by prng2021 on Wednesday May 24, 2023 @08:22AM (#36057000)

"fuel and labor expenses are higher now than before the pandemic. “Spot rates are at a level that in the long run are not sustainable, with costs up by 25% to 30% since 2019"

We all speak English here and read the same article right? Shipping fees are back to prepandemic levels but operating costs are much higher.

Why doesn't that count as a crisis or as something worth reporting?

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Re:Container Shipping Has Cratered by tedivm on Wednesday May 24, 2023 @08:24AM (#36057022)

Companies reach records profits: invisible hand of the market.

Wages go up: crisis that could destroy our economy.

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Re:Container Shipping Has Cratered by sidewndr46 on Wednesday May 24, 2023 @09:05AM (#36057451)

I guess the way I've interpreted that is:

Company profits go up - economic growth

Wages go up - inflation

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Re:Container Shipping Has Cratered by Robotbeat on Wednesday May 24, 2023 @09:31AM (#36057770)

I wonder if the same folks asking for taxing away those profits are now saying these companies should be subsidized now that they’re losing money. (Kind of doubt it…)

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Re:Container Shipping Has Cratered by lukeramsden on Wednesday May 24, 2023 @09:35AM (#36057836)

Then the price has to go up. This sounds like… regular market dynamics? It’s still not clear why that’s a crisis?

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