Global Freight Costs Surge 130% Amid Middle East Tensions
Since February 2026, global container freight rates have surged by 130%, driven by ongoing unrest in the Middle East. India's container trade remains strong, with a 23% increase in September 2026. Exports to the US rose 48% year-over-year. Major ports saw growth, while non-major ports struggled. Shipping lines may return to the Suez Canal amid these shifts.
TOI Business·


