Shipping and Trucking See Demand Destruction

NTD Newsroom
By NTD Newsroom
November 12, 2022NTD Business

The shipping industry is facing a new problem: it has too many containers. It seems the Fed has succeeded in creating demand destruction. After a series of large interest rate hikes, it’s made it harder to borrow money, which has caused the economy to slow down. The Fed’s goal is for people to have less money to spend, and for businesses to have less money to invest.

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