#Trends

Tariff Expectations Push Container Rates to Two-Year Highs

Containerized freight rates are approaching two-year highs this week, with the Drewry World Container Index nearing $4,200 per FEU, up 40 percent year-over-year. The surge is driven by tariff expectations, limited capacity, and the U.S.-Iranian war impact. Section 122 tariffs of 15 percent expire July 24th, prompting importers to accelerate holiday season bookings. Shanghai-LA rates reached $5,750 per forty-foot container, up 12 percent this week alone.