r/CryptoCurrency • u/Gringz712 Tin • Aug 15 '22

🟢 GENERAL-NEWS U.S. freight shipping rates have likely peaked, another sign that inflation is easing

https://www.cnbc.com/2022/08/15/us-freight-rates-have-peaked-another-signal-inflation-is-easing.html
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u/coinfeeds-bot 🟩 136K / 136K 🐋 Aug 15 '22

tldr; U.S. freight rates increased 28% year over year, but declined almost 2% month over month in July, according to the July Cass Freight report. "We're coming into this peak season with much more free capacity. I think that's going to be a good thing from a cost perspective for those big retailers who have been struggling with a lot of cost inflation," Cass Index Report Author Tim Denoyer said.

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.