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#ICYMI from Seven Chinese executives and four of the world’s largest shipping container manufacturing companies were indicted for conspiring to restrict the output of — and fix the prices of — nearly all of the world’s standard unrefrigerated shipping
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#ICYMI from @FBISanFrancisco: Seven Chinese executives and four of the world’s largest shipping container manufacturing companies were indicted for conspiring to restrict the output of — and fix the prices of — nearly all of the world’s standard unrefrigerated shipping containers.
The multi-year conspiracy roughly doubled the prices of standard shipping containers between 2019 and 2021, increasing the container manufacturers’ profits approximately one hundredfold during the COVID-19 pandemic and global supply chain crisis.
Read more: https://t.co/5RhaBi5E37
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