What is Shanghai shipping Index?

What is Shanghai shipping Index?

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What is CCFI Index?

China Containerized Freight Index (also known as Chinese Containerized Freight Index or Shanghai Containerised Freight Index), a type of economic transport shipping index.

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 a container index?

The World Container Index (WCI) is the premium resource for frequent, independent container market data. The WCI provides weekly assessments of container freight rates, daily forward price estimates and a bank of historical price movements.

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 a container freight rate?

A freight rate (historically and in ship chartering simply freight) is a price at which a certain cargo is delivered from one point to another. The price depends on the form of the cargo, the mode of transport (truck, ship, train, aircraft), the weight of the cargo, and the distance to the delivery destination.

What is FBX freight?

FBX stands for Freightos Baltic Index. It is the leading international Freight Rate Index, in cooperation with the Baltic Exchange, providing market rates for 40′ containers (FEUs).

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 does it cost to ship a container overseas?

The cost to ship a container overseas is between $2,000-$3,000, but this varies greatly. The cost depends on the cargo volume, if you’re shipping by air or sea, the distance shipped, the destination port, and the time of year.

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.

What does Cass stand for?

Computer-Aided Sleep System. CASS.

What is truck load ratio?

A load-to-truck ratio is a measurement of two figures: The number of loads on the market and the number of trucks available to carry those loads. Divide the number of loads by the number of trucks to get the ratio.

How much is a 40 foot shipping container?

The average container price of a 40ft container can range from US $2,751 to US $4,125.82.

How much does it cost to bring a 40 foot container from China?

The average price to ship a 40-foot container from China to the U.S. West Coast ports increased from $1,500 at the start of 2020 to over $20,000 in September 2021 (the average price includes premiums and surcharges). By the end of 2021, the rates started to drop, but only to $15,000.

How much does a 20 foot container cost?

A used 20 foot shipping container averages a cost of $3,500. Depending on the condition and custom features, prices will vary. But, purchasing a used shipping container is a viable option if you don’t mind slight wear and tear.