Not terribly surprising because co-CEO/founder Ryan Peterson was just on the Odd Lots podcast again to talk about the "Great Recession" in the shipping industry.[1]

This is also interesting because Dave Clark joined as co-CEO after leaving Amazon, where he most recently spearheaded the dramatic increase in fulfillment center capacity due to the pandemic[2], probably the most visible indication that Amazon leadership misread the situation.

[1]: https://www.bloomberg.com/news/articles/2023-01-05/odd-lots-...

[2]: https://www.geekwire.com/2022/how-amazon-ended-up-with-too-m...