# Xeneta: Asia-US West Coast spot rates jump 343% on Iran war

> Asia to US West Coast container spot rates in October were 343% above their February 28 level and 14% below the pandemic-era record, according to Xeneta. Xeneta forecasts a 5% decline in long-term contract rates for 2027 as fleet growth outpaces demand.

- Date: 2026-11-11 · published 2026-11-12T06:12:51.772Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/95030-xeneta-asia-us-west-coast-spot-rates-jump-343-on-iran-war
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Container freight costs affect the landed cost of containerized feed ingredients and packaged feed, though bulk grain freight is driven by separate markets; the 2027 decline outlook is mildly bearish for shipping costs.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- news.yrules.com: https://news.yrules.com/en/archives/33822

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