Container price update/Hiring's continue to slow, firing's still muted

I forgot to mention this morning that we got more relief on the container shipping price situation. The Shanghai to Rotterdam World Container Index fell by $985 w/o/w to $6,219. It’s down for a 7th straight week after the May/June spike where it peaked at $8,267. It still though is up from about $1,700 to begin the year and the $2,000 it stood pre Covid. It got to almost $15,000 in the 2021 supply chain panic. The Shanghai to LA route fell to $6,030, down by $218 w/o/w and off its peak of $7,512, though triple where it began the year.

As stated a few times here over the past few weeks, more companies are talking about this added cost but being able to pass it on has become more difficult.