# Excess capacity on US carriers’ radar | World Grain

> The March Logistics Managers' Index fell to an all-time low of 51.1, with transportation prices at a record low of 31.1. Capacity expansion and softer freight demand point to a freight recession in US logistics.

- Date: 2023-04-20 · published 2023-04-20T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/36599-excess-capacity-on-us-carriers-radar-world-grain
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Slack trucking and ocean capacity keeps freight costs low for US feed and grain shippers, which supports delivered feed ingredient prices.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- world-grain.com: https://www.world-grain.com/articles/18399-excess-capacity-on-us-carriers-radar

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