I don’t think you can predict the shipping industry or say things like “always happens this time of year” or “omg, it’s been so low, the world is ending! FedEx is going to fail!!”

People order shit when they order it. Month, day, time of year, full moon, raining, sunshine, covid, no covid——people just order shit when they order it. It’s that plain and simple.

Shipping and logistics is akin to the stock market——people TWEAK the fuck out when their overall portfolio value goes down $1000 in one week in the stock market (I’m talking big-boy stocks, S&P 500 publicly traded companies like Amazon, Berkshire Hathaway, etc. not crypto). They bug-out and think they need to sell or they think they’re losing their money. The next week it goes up by $2,000 and they aren’t so worried.