precious cargo

Air freight rates soar as Middle East conflict disrupts routes

Costs have jumped by as much as 70% as carriers reroute flights around closed airspace, deal with fuel surcharges and address war-risk insurance

AFP via Getty Images

An Emirates plane waiting for cargo to be loaded at Dubai International Airport

Air freight rates are surging as the Middle East conflict disrupts global trade routes, forcing companies to divert shipments from sea to air, and driving up transportation costs across the board.

Rates on some cargo routes have jumped...