The Cass Freight Index shows strong gains.
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.
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.
Shipping firms gained back some lost ground of recent months, as freight indexes have been moving higher of late.
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).
February's freight transportation services index rises, and business sales and inventories are up.
