Freightos International Freight Indexbeta
Live international freight prices and trends from the world’s largest freight rate database.
Select a route below to see trends updated on a weekly basis.
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About the Freightos International Freight Index™
Unlike other freight indexes, the Freightos International Freight Index (FIFI) is based on aggregated and anonymized real-time business data from global carriers, forwarders and shippers that use the Freightos AcceleRate freight rate management platform. That’s why we believe these indexes to be the most accurate real-time representation of market rates available.
In its first iteration, FIFI compiles pricing data on 40′ ocean containers from core ports in China to ports in the United States (West Coast and East Coast) and Europe. Given the size and scope of the Freightos database, we plan on quickly scaling global coverage of the index.
The core ports covered in each selectable region are:
|China||US Overall||US (West Coast)||US (East Coast)||Europe|
|CNSHA – Port of Shanghai||USLGB – Port of Long Beach||USLGB – Port of Long Beach||USEWR – Port of Newark||DEHAM – Port of Hamburg|
|CNNGB – Port of Ningbo||USLAX – Port of Los Angeles||USLAX – Port of Los Angeles||USNYC – Port of New York||BEANR – Port of Antwerp|
|HKHKG – Port of Hong Kong||USTIW – Port of Tacoma||USTIW – Port of Tacoma||USSAV – Port of Savannah||GBFXT – Port of Felixstowe|
|CNSZX – Port of Shenzhen||USSEA – Port of Seattle||USSEA – Port of Seattle||USCHS – Port of Charleston||FRLEH – Port of Le Havre|
|CNCAN – Port of Guangzhou||USOAK – Port of Oakland||USOAK – Port of Oakland|
|USEWR – Port of Newark|
|USNYC – Port of New York|
|USSAV – Port of Savannah|
|USCHS – Port of Charleston|
|USHOU – Port of Houston|
We calculate the index value by taking the median price (ignoring outliers) for all prices on the lanes active during the week. FIFI Index prices are published on Sundays for the prior week (Sunday through Saturday).
The Shanghai Freight Index (SCFI) was created by the Chinese government in 2005 in order to improve logistics market efficiency. Operated by the Shanghai Shipping Exchange, the SCFI is an accessible benchmark to help both buyers and sellers easily see where market rates are currently located. As of 2010, oversight of the accuracy of the SCFI is provided by KPMG.
The SCFI relies on baskets of reported spot rates for export from Shanghai to 15 ports around the world. These rates include port-to-port charges and associated ocean surcharges, reported by the SCFI panelists, 20 carriers and 17 shippers or forwarders.
Ocean surcharges incorporated include:
Spot rates, representing some 25% of global bookings, are more volatile than contracted rates. That said, the industry does appear to be moving towards shorter contracts, together with an uptick in spot rates.
FIFI differs from the SCFI in a number of core respects:
- The data is aggregated and anonymized from live business databases with tens of millions of price points updated on a weekly basis.
- Freightos vast database provides more data points, enabling higher accuracy.
- FIFI coverage is currently limited to a number of core routes but will be expanded in the near future.
- It’s absolutely free.
While the annual cost/seat for most indexes is in the thousands of dollars, we’ve opted to release the data into the wild.
Freightos passionately believes that transparency empowers the global logistics industry, and created FIFI to help make the market more efficient.
Usage of Freightos International Freight Index data is permitted but requires attribution of the data to Freightos FIFI™. When using FIFI charts or graphs, a link to the index is required as well. If you are a journalist, analyst or armchair logistics buff, drop us a line if you’re interested in a CSV version of the data.
While the freight estimator includes door-to-door estimates for both air and ocean, FIFI currently only provides an index for ocean freight. Air freight rate indexes will be added in the near future.