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Freight shipping rates have climbed to their highest level since the 2024 Red Sea crisis, driven by a rush among companies to move goods into the United States before a new round of Trump administration tariffs takes effect.
The demand spike mirrors the front-loading behavior seen during earlier trade disruptions, as importers treat the tariff deadline as a hard logistical constraint rather than a price variable.
Rate Surge Echoes 2024 Crisis Levels The benchmark comparison to the Red Sea crisis is significant.
That period saw shipping costs spike sharply as attacks on commercial vessels forced carriers to reroute around the Cape of Good Hope, adding days and cost to transit times.
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