What is the CCFI Index?

What is the CCFI Index?

The much broader China Containerized Freight Index (CCFI) is based on the price of containers leaving from all major ports in China and is a composite of spot rates and contractual rates.

What is CCFI in shipping?

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

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 do you mean by freight?

1 : goods or cargo carried by a ship, train, truck, or airplane. 2 : the carrying (as by truck) of goods from one place to another The order was shipped by freight. 3 : the amount paid (as to a shipping company) for carrying goods.

How is CBM calculated for shipping?

The CBM formula is a simple calculation – it’s the product of: quantity of items * length * width * height. If your shipment has different sized items, simply repeat the formula for each size and add up the volumes.

How is freight calculated?

Weight – The shipping industry uses the hundredweight pricing model, which means that freight costs are calculated per hundredweight (CWT). Carriers consult a pricing chart that lists these costs and weight brackets. Under this model, the more your shipment weighs, the less you pay per hundred pounds.