Judd Legum

@JuddLegum ↗

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Last Checked Nov. 25, 2022

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Mon Nov 07 15:10:09 +0000 2022

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Judd Legum @JuddLegum

6. The top 10 container lines "control nearly 85% of the capacity for shipping goods by sea." Even that overstates the amount of true competition today. 9 of the top 10 shipping companies operate "under vessel-sharing agreements called 'alliances'" — PolitiTweet.org

Posted Nov. 7, 2022

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Judd Legum @JuddLegum

5. Corporations in highly concentrated industries, with little competition, have been able to exploit the shock of the pandemic and interruptions to the supply chain to massively increase profit margins. Let's take a look at the shipping industry... — PolitiTweet.org

Posted Nov. 7, 2022

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Judd Legum @JuddLegum

7. Between 2019 and 2021, "three of the five largest companies in the shipping industry saw profits rise by 29,965%." -- from $155 million in 2019 to $46.6 billion in 2021 https://t.co/SrqPsvEK1A https://t.co/130f14ICXd — PolitiTweet.org

Posted Nov. 7, 2022