Global freight costs surge 130% as Middle East tensions continue to rattle shipping routes: Report
Global container freight rates have surged by 130 percent Global container freight rates have climbed 130% since February 2026, with renewed tensions in the Middle East driving up shipping costs. India’s container-based export-import trade, however, continues to expand, according to a Jefferies report.The surge marks a reversal after a prolonged period of easing freight rates….