40-ft container from Shanghai to Los Angeles has fallen by 74% from peak and is back to August 2020 levels

Unbelievable decline in shipping rates … cost to send 40-ft container from Shanghai to Los Angeles has fallen by 74% from peak and is back to August 2020 levels pic.twitter.com/GB40j4SatH

— Liz Ann Sonders (@LizAnnSonders) September 30, 2022

Easing bottlenecks? Try ‘collapsing.’

The number of ships waiting to get into Port of LA/Long Beach “has declined to only 6 .. It had peaked at 106 ships in Jan.”

(via JPMorgan) pic.twitter.com/p1tYZJViA5

— Carl Quintanilla (@carlquintanilla) September 28, 2022