Potential US Tariffs Trigger 2-Year High in Global Shipping Rates

Freight shipping costs have leapt to their highest level in two years as companies race to build up their inventory before the United States imposes new tariffs and before fuel prices increase during the summer, the Financial Times reported Sunday (June 28). The price of a 40-foot equivalent unit (FEU) between China and the U.S. East Coast rose 62% month over month to reach $7,880 last week, while rates between China and the Mediterranean increased 47% to $6,431, the report said, citing data fro