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Something weird s going on in shipping. The cost to ship 40-foot container from Shanghai to Los Angeles has fallen by 83% from peak, by far largest drop on record (bringing level to lowest since June 2020). This kind of collapse seems unreal. I guess the supply chain squeeze has really unwound.
@RealSeanBrodrick thanks Biden
@RealSeanBrodrick That's stunning. Here's hoping it translates into lower costs for consumers.