What does TAC index mean?

What does TAC index mean?

The TAC Index was created to bring pricing transparency to air cargo. In order to ensure consistency and clarity, the data behind the index comes only from freight forwarders. The ultimate goal is to allow air cargo to benefit from floating rate contracts.

What is Baltic Exchange air freight index?

The Baltic Air Freight Indices (BAI) reflect weekly transactional rates for general cargo as provided by freight forwarders.

How are air freight rates calculated?

Rates/Costs For air shipments, the cost is calculated by multiplying the rate (provided per kg/lbs) by the “chargeable weight”, which is calculated based on the weight or volume of goods.

What are air freight charges?

Air cargo rates and charges cover the transport of air cargo between airports. The rate is the amount charged by the carrier for the transportation of the shipment by a specific unit of weight (kg or lb). A charge is an amount paid for the carriage of a consignment for additional costs connected to the transport.

Why is the Baltic Dry index so high?

Sept 20 (Reuters) – The Baltic Exchange’s main dry bulk sea freight index rose to a 12-year high on Monday, as rates across vessel segments jumped on robust demand and global shipping constraints.

Why is the Baltic index falling?

Jan 11 (Reuters) – The Baltic Exchange’s dry bulk sea freight index (. BADI) dropped to its lowest level since April 2021 on Tuesday, weighed down by weaker demand across all vessel segments.

How do you interpret the Baltic Dry Index?

Interpreting the Baltic Dry Index The Baltic Dry Index typically increases in value as demand for commodities and raw goods increases and decreases in value as demand for commodities and raw goods decreases.

How is air freight CBM calculated?

AIR CARGO KG to CBM Calculating CBM for air cargo is different than for ocean freight. The standard formula used is length (cm) x width (cm) x height (cm) ÷ 6000 = volumetric weight (KG)/1 CBM ≈ 166.6666 KG.

How much does air freight cost per ton?

Average cost-per-ton for domestic air freight is $22,520 (cost-per-kg*kg-per-ton — $22.52*1000=22,520) Average cost-per-ton for international air freight is $6,730 (cost-per-kg*kg-per-ton — $6.73*1000=6,730)

How is CBM calculated for shipping?

CBM – cubic meter is calculated by multiplying length, width and height of packages of goods. For example, if the length, height and width of a cargo is 2.3 meters, 1.4meters and 2 meters respectively, the volume of cargo is 2.3 X 1.4 X 2.00 = 6.44 CBM.