This freight waves publication has been a useful reference for the nature of market logistics. They were predicting a drop in freight costs, which they hit pretty accurately. Now they’re saying that shipping demand is disappearing. This jives with all the other news coming out of the market. Decreasing ad spends, increasing costs of retailer inventory, reports of decreasing iPhone and Samsung phone production orders.
I guess the good news is that inflation for products are bound to decelerate. The bad news, energy prices keep accelerating and interest rates are increasing. I don’t see how the market avoids another decent sized drop.