Fear of the supply chain crisis is fading. Transport stocks are crashing. Yet an enormous amount of cargo is still flooding into U.S. ports.
On Tuesday, the Port of Los Angeles reported better-than-expected volumes for March — it was the port’s best March ever, the fourth-best month in its history, and it capped the best-ever first quarter.
Total throughput was 958,674 twenty-foot equivalent units, topped only by May 2021, October 2020 and August 2020. First-quarter throughput was 1.8 million...
https://www.freightwaves.com/news/as-transport-stocks-sink-los-angeles-port-volumes-soar