Thanks Biden! Freight rates plummeting

[citygator]

Congress passed and Biden signed an ocean shipping bill just this month. Also notice prices are plummeting. Now they’ve been downward for weeks but really dropped of weekly. There are several factors but let’s face it, Biden is in charge so he must be responsible.

U.S. House passes ocean shipping bill to allay export backlogs

The U.S. House of Representatives approved legislation Monday to improve oversight of ocean shipping, which supporters say will help curb inflation and ease export backlogs.

www.reuters.com

 

[theHawk]

Congress passed and Biden signed an ocean shipping bill just this month. Also notice prices are plummeting. Now they’ve been downward for weeks but really dropped of weekly. There are several factors but let’s face it, Biden is in charge so he must be responsible.

View attachment 663327

U.S. House passes ocean shipping bill to allay export backlogs

The U.S. House of Representatives approved legislation Monday to improve oversight of ocean shipping, which supporters say will help curb inflation and ease export backlogs.

www.reuters.com

“Plummeting“? They are still double or triple what they were two years go.

 

[Dont Taz Me Bro]

Congress passed and Biden signed an ocean shipping bill just this month. Also notice prices are plummeting.

Yeah, they've been going down for a year. As you pointed out, this legislation is merely a month old.

Now they’ve been downward for weeks but really dropped of weekly. There are several factors but let’s face it, Biden is in charge so he must be responsible.

So in other words, you don't even really believe that. You're just trolling everyone.

 

[lg325]

It is some good news. Any word if all those freight ships on the California coast are being unloaded?

 

[Rambunctious]

Plummeting from record highs..... libs are too easy....

 

[theHawk]

It is some good news. Any word if all those freight ships on the California coast are being unloaded?

Many of them went all the way to the East coast to dock. The numbers have come down so not as many circling around waiting for unvaccinated illegals to unload them at the docks.

 

[marvin martian]

“Plummeting“? They are still double or triple what they were two years go.

The tards are also celebrating gas prices dropping 10 cents after they went up $3.00 in the last 18 months.

 

[johngaltshrugged]

Plummeting from record highs..... libs are too easy....

No shit... they squirt when the wind blows

Here in Oceania, we proles should just shut up & thank Big Brother that we still have food

 

[citygator]

It is some good news. Any word if all those freight ships on the California coast are being unloaded?

Ocean Transit Times Drop as Retail Orders Decline

Average ocean transit times so far in June have dropped nearly 25 percent since the start of the year as retail orders slow down

epsnews.com

 

[theHawk]

Ocean Transit Times Drop as Retail Orders Decline

Average ocean transit times so far in June have dropped nearly 25 percent since the start of the year as retail orders slow down

epsnews.com

Good news! The economy is so bad Americans stopped buying so much stuff, so less stuff is being shipped in.

 

[citygator]

Are you guys insane? This is great news. Unless you’re a Russian troll. A Russian troll would be upset about lower freight prices for Americans.

 

[iamwhatiseem]

Congress passed and Biden signed an ocean shipping bill just this month. Also notice prices are plummeting. Now they’ve been downward for weeks but really dropped of weekly. There are several factors but let’s face it, Biden is in charge so he must be responsible.

View attachment 663327

U.S. House passes ocean shipping bill to allay export backlogs

The U.S. House of Representatives approved legislation Monday to improve oversight of ocean shipping, which supporters say will help curb inflation and ease export backlogs.

www.reuters.com

Did you look at this chart upside down... or is your mental capacity that of Bidens and you can't understand what you are looking at?
It is still 2 to 4 times the cost as before.
Even for you this is a really dump post

 

[citygator]

Good news! The economy is so bad Americans stopped buying so much stuff, so less stuff is being shipped in.

It says retailers front loaded inventory. Guess what? That raised rates back when they tried to jam it through. Now they have less to put through now that product is here. Sure there is some pullback in consumer spending but barely an impact. Target and Walmart showed huge inventory increases but still a sales increase. Keep up

 

[citygator]

Did you look at this chart upside down... or is your mental capacity that of Bidens and you can't understand what you are looking at?
It is still 2 to 4 times the cost as before.
Even for you this is a really dump post

 

[Toddsterpatriot]

Congress passed and Biden signed an ocean shipping bill just this month. Also notice prices are plummeting. Now they’ve been downward for weeks but really dropped of weekly. There are several factors but let’s face it, Biden is in charge so he must be responsible.

View attachment 663327

U.S. House passes ocean shipping bill to allay export backlogs

The U.S. House of Representatives approved legislation Monday to improve oversight of ocean shipping, which supporters say will help curb inflation and ease export backlogs.

www.reuters.com

Rates drop during recessions.

 

[Ralph Norton]

Are you guys insane? This is great news. Unless you’re a Russian troll. A Russian troll would be upset about lower freight prices for Americans.

Yes, this is good.
But for the last 1.5 years, lefties have been claiming that Biden couldn't do anything about inflation
yet you now want to give him credit for shipping prices going down?
Nice to have things both ways, isn't it?

 

[iamwhatiseem]

View attachment 663341

Read your own definition.
Something that is 400% up... declines by 20% is not plummeting.
I am very glad rates are starting to go down. It is crushing the whole world.
This has everything to do with container availability... more ships etc. And nothing to do with the bill. Container loads have been declining since March.

 

[theHawk]

View attachment 663341

Oh, like the economy.