Container Shipping Market Skyrockets, But Gloomy As Well

The two busiest ports in the U.S., the neighboring facilities of Los Angeles and Long Beach set a new monthly records for inbound container traffic this summer and fall.
A lot of current cargo traffic is just catch-up from the shipping interruptions of the early days of the pandemic.
The pandemic-related shift in spending away from in-person services and toward goods, which is driving much of current U.S. demand for imports, won’t go on forever.
Standardized containers transformed global trade...