# Container freight rates soften past the peak season - CRU Group

> Container freight rates have fallen about 36% from their August multi-year peak as seasonal demand slows. The Global Container Freight Index remains more than twice its year-ago level, and Red Sea disruptions continue with Suez transits about 65% below last year.

- Date: 2024-09-13 · published 2024-09-13T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/17001-container-freight-rates-soften-past-the-peak-season-cru-group
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Easing container rates signal some relief in shipping costs, but rates remain elevated, so ocean freight for bulk feed ingredients stays expensive relative to pre-crisis levels.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- crugroup.com: https://www.crugroup.com/en/communities/thought-leadership/2024/container-freight-rates-soften-past-the-peak-season/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.