Matson, Inc.

Jason support ×2 ▼ on 📈 Trans-Pacific container volume collapse seizes up the physical logistics economy E228 · 2025-05-17 ▶ 45:39

we were sitting here a couple weeks ago and as I was mentioning, I know a lot of e-commerce folks and they were saying, layoffs coming, we don't have predictability.

Sacks oppose ×2 ▼ on 📈 Trans-Pacific container volume collapse seizes up the physical logistics economy E226 · 2025-05-02 ▶ 58:20

Okay. I don't remember the shelves being empty, which is now the new panic the media is trying to create. So look, there's a lot of pant sweating that's occurring here that's being fueled by the media.

I think that you sort of phrase that we could do the research paper and we could do Aspen Institute as a bad thing, but also it could be a bad thing if you're the small business owner right now who has 30 employees and you just literally don't know what you're going to do next month.

Jason support ×2 ▼ on 📈 Trans-Pacific container volume collapse seizes up the physical logistics economy E226 · 2025-05-02 ▶ 28:08

And according to the thread that you shared, somewhere around early June, we're going to expect warehouses trucking the entire supply chain maybe to start to seize up or layoffs.

And what has happened is a 60% decline in bookings of ocean freight from China to the U S I mean, so that's really, really pretty dramatic, like probably exceeding what was expected.

Chamath support ×3 ▼ on 🌍 Red Sea reopening contains the freight-driven inflation impulse E221 · 2025-03-29 ▶ 54:32

And so what happened? Now all of a sudden, traffic is reset, volumes are back up. By the third week of March, which is where we are now, we're back to where they were even a year ago. The price of shipping is now contained. The inflation risk is contained. The productivity hit is contained.

Sacks support ×2 ▲ on 🌍 Red Sea blockade spikes freight rates and re-ignites goods inflation E161 · 2024-01-13 ▶ 6:17

it's having to go around the Horn of Africa, it's adding two or three weeks to the trip ... It's Europe and China who are impacted the most.

Chamath support ×2 ▲ on 🌍 Red Sea blockade spikes freight rates and re-ignites goods inflation E161 · 2024-01-13 ▶ 5:32

This is really an issue for Europe. It's not an issue for the United States because there are alternative routes. ... what we're really debating is what is the risk of inflation and a backup of goods and shipping rates into Europe?

Friedberg support ×2 ▲ on 🌍 Red Sea blockade spikes freight rates and re-ignites goods inflation E161 · 2024-01-13 ▶ 5:21

I'm assuming shipping prices are going to go up, freight prices are going to go up.

Friedberg support ×2 ▲ on 🌍 Red Sea blockade spikes freight rates and re-ignites goods inflation E158 · 2023-12-23 ▶ 33:55

the fact that the insurance companies won't insure the ship anymore means that now that ship can't travel and that's tens of millions of dollars of commerce that gets shut down off of a few thousand dollar investment. ... there are many other groups like this that may get emboldened and you start to see more activity in other regions as well

Chamath support ×2 ▲ on 🌍 Red Sea blockade spikes freight rates and re-ignites goods inflation E158 · 2023-12-23 ▶ 19:55

the really significant impacts are downstream to Europe consumer prices. So I think like European inflation has more chance of upticking again than America does

About 30% of all ocean container traffic flows through the Suez and through the Red Sea. ... So you're talking about a 20, 25% cut in shipping capacity on the 30% of all containers.

have actually ordered 25% more ships, increased the fleet by 25% over the next three years ... So it could be ugly the other way, real quick. You have too many ships and the ship owners can't make any money.

But it will reduce the supply of shipping capacity and slow everything down another 30 percent. That takes place January 1st, 2023 It's getting very little attention, but to my view, it's going to be massively disruptive if we slow everything down, reduce the capacity of the network that much further. Prices are going to go to the moon.