Port Of LA Imports Spike 58% As US Restocking Binge Peaks: Goldman's Maps The Coming Freight Hangover

The freight bull market isn't dead yet. But according to Goldman, it just had its best month.

In September the Port of Los Angeles handled 1.04 million TEUs, the busiest month in its 118-year history, as holiday goods hit the docks (per Reuters) and importers rushed to refill depleted shelves. October and November were shaping up to be even hotter: on a 4-week basis, inbound boxes into LA were up almost 60% yoy heading into November!