Looking at the exact same source as the WSJ graphic used, you can see it was quite cherrypicked: https://fbx.freightos.com/ https://fbx.freightos.com/ From tha

Looking at the exact same source as the WSJ graphic used, you can see it was quite cherrypicked: https://fbx.freightos.com/ https://fbx.freightos.com/ From that source, the average rate in May 2019 was about $1350, and according to the most recent datapoint, it's currently at about $1450. In 2019 dollars (using CPI), that's about $1220. Seems like it is down 10%, but that's not nearly as dramatic as the WSJ graph would make it appear.