# Trans-Pacific rates still sinking. Trans-Atlantic rates still peaking

> Asia-to-US West Coast container rates have fallen sharply from record levels, down about 70% year on year, as West Coast congestion eases. Europe-to-US East Coast rates are up about 44% year on year and remain near all-time highs due to East Coast port backlogs and limited Atlantic capacity.

- Date: 2022-08-21 · published 2022-08-21T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/39921-trans-pacific-rates-still-sinking-trans-atlantic-rates-still-peaking
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Ocean freight costs shape landed feed ingredient prices for importers; lower Pacific rates ease costs for Asian-sourced goods while elevated Atlantic rates keep European-routed shipments expensive.

## Read by commodity

- OCEANFRT: neutral

## Sources

- freightwaves.com: https://www.freightwaves.com/news/trans-pacific-rates-still-sinking-trans-atlantic-rates-still-peaking

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