All Container Heck Breaks Loose amid Flood of Orders from US Retailers to Supply Stimulus-Stuffed Consumers, Cancelled Sailings by Carriers, and Record Spiking Freight Rates | Wolf Street

The Port of Los Angeles reported that in September, imports of “loaded” containers (as opposed to “empty” containers, and we’ll get to those in a moment) jumped 17% year-over-year, to 471,794 TEU, after having jumped 18% year-over-year in August, to 516,285 TEU. September and August represent the peak of shipping season. The combined total of those two months reached nearly 1 million TEU, the highest ever for a two-month period. Note the difference between the Financial Crisis and the stimulus-powered Pandemic:

All Container Heck Breaks Loose amid Flood of Orders from US Retailers to Supply Stimulus-Stuffed Consumers, Cancelled Sailings by Carriers, and Record Spiking Freight Rates | Wolf Street