Jefferies data shows global container freight rates reaching roughly $4,000–$4,500 per FEU, up from $2,000–$2,500 in February. Geopolitical risk, route changes and uncertainty over a possible return to the Suez Canal are driving the market.
A Jefferies analysis published on October 19, 2026, said global container freight rates had increased by about 130% since February, reaching approximately $4,000–$4,500 per 40-foot equivalent unit. Comparable rates stood at around $2,000–$2,500 at the beginning of the year. The increase marks a sharp reversal after freight prices had eased through much of 2025 and early 2026.
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