The Cass Freight Index shows strong gains.
A road freight index system is designed based on the current situation of Ningbo road freight transport market for the necessity of setting the freight index in Ningbo.
The Baltic Freight Index, which tracks dry-bulk freight rates, was at its lowest in nearly a decade in August.
While the GSCI has continued to rise in the last week, the freight index has fallen by a fifth in that period.
As the barometer of the transport market, the freight index reflects the price fluctuations and the variation of the supply-demand relationship.
The Baltic freight index, a measure of trade flows, has more than doubled within the past year (also see chart).It seems more likely that commodity prices are being driven down by two other factors.
Since then two other London-based brokers, ICAP and Freight Investor Services, have also started to offer derivatives settled against the Shanghai Containerised freight index, which is based on per-box rates on the world's busiest container routes.
Taking the fixed-base index as an example, an empirical case for Ningbo road freight index is analyzed, and the corresponding results prove the validity of the proposed models.
We're excited to explore how our global freight index, the Freightos Baltic Index, can reduce pricing risks and improve stability, and are already exploring implementation with major multinational corporations," Schreiber said.
Shippers dragged the market lower after a key freight index fell to its lowest point in more than a year, with Kawasaki Kisen Kaisha skidding 5.9%, to 659 yen ($6.11), and Mitsui OSK Lines tumbling by 6.9%, to 1,079 yen ($1.00).
