Flexport CEO says he's rescinding job offer letters for candidates joining as soon as Monday: 'I have no ideas why more than 75 people were signed to join'

Tech Insider
Flexport CEO Ryan Petersen began rescinding job offers on Friday.
Flexport CEO Ryan Petersen began rescinding job offers on Friday.

Sam Barnes/Sportsfile for Collision via Getty Images

The congestion at the Panama Canal is so bad that one shipper paid $2.4 million to jump a line and get through the waterway: report

Tech Insider
Ships are seen on Panama Canal in Panama City, Panama, on August 21, 2023.
Ships on the Panama Canal in Panama City, Panama, on August 21, 2023.

Daniel Gonzalez/Anadolu Agency/Getty Images

A huge traffic jam at the Panama Canal could take at least 10 months to clear up — and it'll likely screw up your holiday shopping

Tech Insider
Monrovia NSU CHALLENGER bulk carrier transits the expanded canal through Cocoli Locks at the Panama Canal, on the outskirts of Panama City, Panama April 19, 2023.
Monrovia NSU CHALLENGER bulk carrier transits the expanded canal through Cocoli Locks at the Panama Canal, on the outskirts of Panama City, Panama April 19, 2023.

Reuters/ARIS MARTINEZ

The world's worst traffic jam isn't on any road — it's at one of the most important shipping routes where ships are paying upto 3x fare just to get across

Tech Insider : Economy
A ship navigates the Panama Canal in the area of the Americas' Bridge in Panama City on June 12, 2023.
The Panama Canal is an important shipping route.

Luis Acosta/AFP

Shipping is a big polluter so the freight giants are trying new cargo ships powered by wind or green methanol

Tech Insider
A red cargo ship is seen in the water, with two large WindWing sails that have the Cargill and Mitsubishi logos on.
The Pyxis Ocean was retrofitted with two WindWings.

Courtesy of Cargill

'Big Short' investor Michael Burry piled into energy and shipping stocks last quarter. A top strategist explains why.

Tech Insider
Michael Burry Getty
Michael Burry.

Kevin Mazur/WireImage

Commercial ships told to stay far away from Iran due to a heightened possibility of attack or seizure

Tech Insider
soldiers on speed boat pointing guns
Iran's naval special forces carrying by a military speedboat past a portrait of Iran's Supreme Leader Ayatollah Ali Khamenei during a military parade marking Iran's Army Day anniversary near the Imam Khomeini shrine in the south of Tehran.

Morteza Nikoubazl/NurPhoto via Getty Images

The freight recession is getting worse as the economy detoxes from the pandemic trucking boom

Tech Insider : Economy
The freight recession is here as trucking sees a slowdown in the economy.
The freight recession is here as trucking sees a slowdown across the economy.

Joe Raedle / Getty Images

'Big Short' investor Michael Burry rang the alarm on bloated inventories last year. Maersk's shipping slump suggests he was right to worry.

Tech Insider : Economy
Michael Burry Getty
Michael Burry.

Kevin Mazur/WireImage

It costs more than $200,000 a day for traders to ship liquefied natural gas as tanker supply dwindles

Tech Insider
ConocoPhillips
Tankers carrying liquid natural gas.

ConocoPhillips

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