Flexport CEO Warns Container Shipping In “Great Recession”

Courtesy of ZeroHedge Flexport founder and co-CEO Ryan Petersen warned a global shipping downturn is underway. He said the container shipping industry is in “recession” as a glut in capacity plagues major shipping lines. This comes right after Baltic Exchange’s dry bulk sea freight index crashed on Tuesday, an ominous sign the global economy could be […] Source
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