What is SCFI index?

What is SCFI index?

SCFI is the abbreviation of Shanghai Containerized Freight Index that reflects the fluctuation of spot freight rates on export container transport market from Shanghai.

What is Shanghai shipping Index?

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Shanghai Containerized Freight Index
Description	Unit	Weighting
Mediterranean (Base port)	USD/TEU	10.0%
USWC (Base port)	USD/FEU	20.0%
USEC (Base port)	USD/FEU	7.5%

What is the Cass Freight Index?

About The Cass Freight Indexes The Cass shipments index is a measure of the number of intra-continental freight shipments across North America, for everything from raw materials to finished goods. All domestic modes are included, with truckload moves accounting for more than 50% of shipments and LTL about 25%.

Is there a freight index?

A freight rate index collects pricing information from multiple carriers, shippers or forwarders at regular intervals to calculate a benchmark or market rate for freight for any given shipping lane and provide visibility into freight rates for interested parties.

What is the Morgan Stanley freight index?

The Morgan Stanley Dry Van Freight Index is another measure of relative supply. The higher the index, the tighter the market conditions. According to the index, conditions have tightened as of late. This trend is in line with what we have seen across the other measures of relative supply.

What is truckload freight index?

FreightWaves National Truckload Index (NTI) is a seven-day moving average of spot rates that measures the U.S. for-hire, over-the-road dry van trucking market: Covering 250,000 lanes. Representing 8.7 million loads. Published 365 days of the year. Over 1,200 days of historical data.

Will freight prices go down?

After a year in which freight rates continued to set new highs, spot rates are on the decline in 2022 with experts pointing to a series of factors likely contributing to an ongoing decline.

Why are freight rates so high?

Therefore, as the economy expands and demand exceeds supply (which we are seeing now), shipping prices increase to help manage demand for cargo space, and to cover costs from unprofitable periods when prices fall. Shipping prices are also particularly sensitive to changes in fuel prices.

How much has freight increased?

Rates for truckload, LTL and specialized transportation increased 25%. Parcel rates rose 14.7%, while prices for warehousing services increased 20.5%, with much of that coming after July 2021 as demand spiked hard due to the ripple effect of supply chain bottlenecks at various U.S. seaports.

Why are LTL rates so high?

LTL freight costs are determined by a number of variables, including fuel price, driver compensation and maintenance. Due to a shortage of drivers in the industry, driver pay has increased to attract qualified workers. Your personal shipment cost is based on factors such as weight, density, classification, etc.

Why is LTL freight so expensive?

The fact that driver compensation has been a significant factor in the recent rise in LTL shipping rates is a major reason LTL freight is so expensive. That is because the increase in driver compensation costs has been driven by a serious shortage of drivers.

What percentage of trucking is LTL?

The LTL sector as a whole, which represents about 10 percent of overall for-hire trucking revenue, first broke the $40 billion revenue mark in 2018 and took in more than $42.1 billion in revenue in 2020, according to SJ Consulting Group.

What are the current freight rates?

Here are the current rates for the most popular freight truck types:

• Overall average van rates vary from $2.30 – 2.86 per mile.
• Reefer rates are averaging $3.19 per mile, with the lowest rates being the Northeast at $2.47 per mile.
• Average flatbed rates average at $3.14 per mile.

What is the current load to truck ratio?

DAT reports the current national load-to-truck ratio is 3.43 loads to truck, compared to the April 24th average of 3.47. Ratios are highest in the Gulf coast states.

What is Cass Truckload Linehaul Index?

The Cass Truckload Linehaul Index® is a measure of market fluctuations in per-mile truckload linehaul rates, independent of additional cost components such as fuel and accessorials.