# A Clouded Outlook for Global Freight - TT

> Transport Topics reports that ocean container spot rates have dropped sharply from their peak, with rates down 61% year over year. Slowing US demand has freed capacity and eased the tight market. Cargo bound for the US is about 30% lower than in 2021.

- Date: 2022-11-04 · published 2022-11-04T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/38572-a-clouded-outlook-for-global-freight-tt
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Lower ocean freight and slowing US import demand reduce logistics costs for feed ingredients. The effect on grain export freight is indirect since the article focuses on containers.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- ttnews.com: https://www.ttnews.com/articles/clouded-outlook-global-freight

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