The Freight Utility Race: Pricing the Capacity Constraint

The Port of Los Angeles quietly hit a June cargo record this week, and the U.S. industrial construction pipeline just spiked 18% year-over-year in the second quarter. This isn't a repeat of the pandemic-era scramble for consumer electronics. What we are watching is a massive, capital-intensive rewiring of how physical goods move—a slower, more permanent rebuild of warehouse, port, and inland-distribution capacity centered on reshoring and inventory resilience. (In plain English: more boxes need more places to sit, and they need to get there faster.)