85% customers see decline in 2023 ocean freight spend: Xeneta

As many as 45 percent of Xeneta customers expect ocean freight spend to decrease by 30 percent or more in 2023, and 40 percent customers expect ocean freight spend to decrease by 10 percent or more. As many as 42 percent of customers expect their ocean volumes to be stable/consistent with 2022, according to the latest update. "With inconsistencies in the current spot market and recession predictions influencing consumer demand, shippers and carriers are adjusting their expectations to be more aligned with a challenging market."