Global Container Volumes Hit Record High as Freight Prices Climb

Global container shipping volumes reached a record 17.46 million TEUs in August 2026, while freight pricing climbed to its highest level in more than two years, according to Container Trades Statistics (CTS).

August volumes rose 3.7% year on year, taking growth for the first eight months of 2026 to 4.7% compared with the same period last year.

The growth comes despite disruption to major shipping routes, elevated fuel prices and ongoing uncertainty surrounding global trade and tariffs.

Freight prices continue to rise

The CTS Global Price Index increased to 117 in August, its highest level since July 2024. The index was approximately 50% above its January level and 44% higher than in August 2025.

CTS attributed the increase to disruption across key shipping routes, vessel rerouting and rising operating costs.

US imports recover as Asian exports grow

North American container imports increased 2% year to date, with trans-Pacific trade up 5% as cargo flows from Asia strengthened.

Meanwhile, exports from Asia grew 8% year to date, adding approximately 6.3 million TEUs compared with the same period in 2025. European exports also improved, returning to roughly flat year-on-year growth after earlier declines.

What happens next?

Despite record volumes, CTS warned that slowing monthly growth could signal a moderation in demand heading into the final quarter of 2026.

For Australian importers and exporters, global freight rates remain worth watching. Demand, vessel capacity, shipping route disruptions and operating costs will all influence market conditions in the months ahead.