
Global container trade reached 17.35 million TEU in September, up 8% year over year, while the CTS freight price index rose 62% from a year earlier. Spot rates have begun to slip, but the report says near-record volumes and elevated prices could strengthen carriers' position in 2027 contract negotiations.
Strong cargo volumes and elevated freight prices may support contract rates even as spot rates ease, keeping shipping costs for feed and agricultural inputs firmer than the spot-market decline alone would suggest.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.