What is Shanghai Containerized Freight Index?

What is Shanghai Containerized Freight Index?

The Shanghai Containerized Freight Index is the most widely used index for sea freight rates for import China worldwide. This index has been calculated weekly since 2009 and shows the most current freight prices for container transport from the Chinese main ports, including Shanghai.

How is Shanghai Containerized Freight Index calculated?

How is SCFI calculated? Arithmetic mean is applied to calculation of SCFI freight rates of individual routes. The composite index is calculated by weighting average. The basis period of composite index is 16th October, 2009 and the basis index is 1,000 points.

What is the index for container shipping?

The average composite index of the WCI, assessed by Drewry for year-to-date, is $8,475 per 40ft container, which is $5,006 higher than the five-year average of $3,469 per 40ft container.

Is there a freight cost 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 Cass freight?

Since 1995, the Cass Freight Index® has been a trusted measure of the North American freight market. Our monthly data and the Cass Transportation Index Report provide valuable insight into freight trends as they relate to other economic and supply chain indicators and the overall economy.

What is FBX Global container index?

Save FBX Global Container Index FBX stands for Freightos Baltic Index, a series of indices compiled by Freightos and the Baltic Exchange. They measure the daily, 40-foot container rates by freight forwarders for 12 main shipping routes through Asia, Europe, and the Americas.

What is global freight index?

The index measures global container freight rates by calculating spot rates for 40-foot containers on 12 global tradelanes. It is reported around the world as a proxy for shipping stocks, and is a general shipping market bellwether. The FBX is currently one of the most widely used freight rate indices.

What is FEU shipping?

FEU is an acronym used in logistics, which means ‘Forty Equipment Unit’.

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 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.

What is freight Baltic index?

What is ‘Baltic Freight Index’ Definition: BALTIC Freight Index (BFI) is a leading indicator of spot dry bulk cargo rates. It is not a shipping index, but an indicator of the bulk cargo market. It is calculated by the Baltic Exchange, based in London, a key market for the global shipping business.

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 Cass 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.

What is the coyote curve?

The Coyote Curve is our proprietary spot rate index built with data from over 10,000 daily shipments. To make the best use of the forecast, it’s helpful to know how the trucking industry works.

How is FBX calculated?

FBX is calculated using the Buy Rates Ocean Carriers offer to large Freight Forwarders, or NVOCCs, or large shippers (BCOs) who are using the Freightos Applications*. FBX calculation includes only tariff prices offered by Carriers to large Freight Forwarders.

What is in an FBX file?

FBX files store all the data for complete animation scenes. This data includes bones, meshes, lighting, camera, and geometry. Eventually, FLM was adapted to support visualization of 3D data, such as characters in scenes. The program was later renamed FilmBox, with the file extension FBX.