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Track prices changes and make timely decisions to improve business efficiency. FAX is fed by connections to companies representing well over 50% of global capacity, unlocking real-time airport-to-airport pricing and more. Airlines, freight forwarders, importers/exporters and others use FAX for benchmarking, monitoring the market, and making informed decisions.
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Instant, personalized lanes and load insights helping keep your finger on the pulse of the data that’s important to you. Access market pricing – including full pricing spread from min-max for your custom lanes.
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Supply chain decisions need more than pricing and transit time information. Freightos Terminal’s key event feed keeps you informed on congestion, weather conditions, holidays, labor disputes and more, improving both long-term planning and real-time situation awareness across your organization.
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Weekly trade lane indices are great if you only make broad business decisions once a week. Unlock daily updates for ocean rates and weekly updates for air cargo, as well as exports, historical data access, trends, and more with expanded data subscriptions.
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What is Freightos Terminal?
Freightos Terminal is Freightos Data’s flagship global supply chain market intelligence tool. With Terminal, supply chain professionals can improve operations, pricing, procurement, and internal reporting with access to air/ocean global freight prices and benchmarking, reliability metrics, and notifications on key lanes.
How does pricing work?
Freightos Terminal has a number of different data offerings, depending on granularity of data, frequency, additional data points like transit time or reliability, market feeds, historical data, and more. Request a demo or view the pricing page for more information.
Can I trust the data?
Across carriers, forwarders, and BCOs, tens of thousands of companies around the world have come to rely on our data for air and ocean freight decision-making. Use cases span from benchmarking to more commercial use cases like index-linking, creating rate contract renegotiation clauses based on rate change fluctuations, or even futures and derivatives on the Chicago Mercantile Exchange or the Singapore Exchange.
The Freightos Baltic Index specifically is IOSCO-compliant and BMR-compliant, with the Baltic Exchange serving as the Benchmark Administrator.
As a whole, we believe that one key advantage from freight digitization is better industry visibility and transparency. Our internal data is based on commercial data across well over a thousand consenting companies, all aggregated and carefully anonymized.
What is the Freightos Baltic Index?
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). You can learn more about the FBX by reading the Baltic Exchange’s Guide to FBX, including the benchmarking methodology, available here.
WHERE CAN I GET MORE INFORMATION?
You can search our Help Center, go to freightos.com/fbx or write an e-mail to [email protected].
WHAT DATA DOES THE FREIGHTOS BALTIC INDEX USE?
Unlike other freight indices, FBX are based on aggregated and anonymized real-time business data from global freight carriers, freight forwarders, and shippers that use the WebCargo by Freightos freight rate management platform. That’s why we believe our freight index to be the most accurate real-time representation of market rates available. The rates are not polled or tweaked in any way, shape or form – they derive from the same live rates that top tier logistics providers are using commercially.
WHICH PORTS REPRESENT EACH REGION?
The FBX flagship index is a weighted average of the twelve underlying regional route indexes. The regions are defined by the ports listed in the table below. For more information contact [email protected]
| Region | Ports (pre-January 28, 2020) | Ports (post-January 28, 2020) |
| CNCAN – Guangzhou CNNGB – Ningbo CNSHA – Shanghai CNSZX – Shenzhen HKHKG – Hong Kong JPOSA – Osaka JPTYO – Tokyo JPUKB – Kobe JPYOK – Yokohama KRPUS – Busan TWKHH – Kaohsiung |
CNNGB – Ningbo CNSHA – Shanghai CNYTN – Yantian HKHKG – Hong Kong JPUKB – Kobe KRPUS – Busan S. Korea SGSIN – Singapore TWKHH – Kaohsiung Taiwan VNVUT – Vung Tau |
|
| North America West Coast | CAVAN – Vancouver USLAX – Los Angeles USLGB – Long Beach USOAK – Oakland USSEA – Seattle USTIW – Tacoma |
CAVAN – Vancouver USLAX – Los Angeles USLGB – Long Beach USOAK – Oakland USSEA – Seattle USTIW – Tacoma |
| North America East Coast | CAMTR – Montreal USBAL – Baltimore USCHS – Charleston USEWR – Newark USHOU – Houston USNYC – New York USORF – Norfolk/Virginia USPEF – Port Everglades USSAV – Savannah |
USBAL – Baltimore USCHS – Charleston USEWR – Newark USHOU – Houston USNYC – New York USORF – Norfolk/Virginia USSAV – Savannah |
| Europe | BEANR – Antwerp DEBRE – Bremen DEHAM – Hamburg FRLEH – Le Havre GBFXT – Felixstowe GBLGP – London Gateway GBSOU – Southampton NLRTM – Rotterdam |
BEANR – Antwerp DEBRV – Bremerhaven DEHAM – Hamburg ESALG – Algeciras FRLEH – Le Havre GBLGP – London Gateway NLRTM – Rotterdam |
| North Europe | BEANR – Antwerp DEBRE – Bremen DEHAM – Hamburg FRLEH – Le Havre GBFXT – Felixstowe GBLGP – London Gateway GBSOU – Southampton NLRTM – Rotterdam |
BEANR – Antwerp DEBRV – Bremerhaven DEHAM – Hamburg FRLEH – Le Havre GBFXT – Felixstowe GBSOU – Southampton NLRTM – Rotterdam |
| South America East Coast | ARBUE – Buenos Aires BRPNG – Paranaguá BRSSZ – Santos UYMVD – Montevideo |
ARBUE – Buenos Aires BRPNG – Paranaguá BRSSZ – Santos COCTG – Cartagena PAMIT – Manzanillo UYMVD – Montevideo |
| South America West Coast | CLSAI – San Antonio ECGYE – Guayaquil PECLL – Callao |
CLSAI – San Antonio, Chile COBUN – Buenaventura ECGYE – Guayaquil PECLL – Callao PEPAI – Paita |
| Mediterranean | EGPSD – Port Said ESALG – Algeciras ESBCN – Barcelona ESVLC – Valencia FRFOS – Marseilles/Fos Sur Mer GRPIR – Piraeus ILASH – Ashdod ITGIT – Gioia Tauro ITGOA – Genova MTMAR – Malta Freeport TRAMR – Ambarli |
EGPSD – Port Said ESALG – Algeciras ESBCN – Barcelona ESVLC – Valencia FRFOS – Marseilles/Fos Sur Mer GRPIR – Piraeus ILASH – Ashdod ITGIT – Gioia Tauro ITGOA – Genova ITSPE – La Spezia MTMAR – Malta Freeport TRAMR – Ambarli TRIZT – Izmit |
HOW IS FREIGHTOS BALTIC INDEX DATA CALCULATED?
Prices used in the index are rolling short term Freight All Kind (FAK) spot tariffs and related surcharges between carriers, freight forwarders and high-volume shippers. Index values are calculated by taking the median price for all prices (to ignore the influence of outliers on active lanes) with weighting by carrier. 50 to 70 million price points are collected every month. The daily freight rate index is published in a “sliding window” containing the relevant data that are effective and not expired from 00:00 UTC on the day before publication to 24:00 UTC on the day of publication, meaning 48 hours in total starting from 00:00 yesterday. Only rates created or modified within the last 3 months and valid during those 48 hours will be included (in practice on most trade lanes rates are volatile and almost all rates are much newer than 3 months). Rates are calculated at 06:00 UTC and published at 14:00 UTC. The weekly freight index is calculated as an average of the five business days from the same week and published each Friday.
HOW IS OUR OCEAN FREIGHT INDEX BETTER THAN THE SHANGHAI FREIGHT INDEX?
A freight rate index collects pricing information from multiple carriers, shippers or forwarders at regular intervals to calculate a benchmark or market rate for freight for any given shipping lane and provide visibility into freight rates for interested parties. FBX freight rate data is aggregated and anonymized from live business databases with tens of millions of price points updated on a daily basis. Freightos’ vast database enables a high level of accuracy in calculating the market rate, and includes precise ocean freight rate historical charts. FBX coverage includes core routes to and from China as well as many other major global routes. The FBX is the only daily freight rate index and is also the only freight index that is IOSCO compliant and regulated by the EU. The Shanghai Containerized Freight Index (SCFI) was created by the Chinese government in 2005 and is operated by the Shanghai Shipping Exchange. As of 2010, oversight of the accuracy of the SCFI is provided by KPMG. In contrast to FBX, the SCFI is only reported once a week, and only covers spot rates for export from Shanghai to 15 ports around the world. These rates include port-to-port charges and associated ocean surcharges. While FBX data is based on live business databases from multiple global freight forwarders, SCFI rates are collected through a weekly survey of SCFI panelists, 20 carriers and 17 shippers or forwarders. Access to some FBX metrics are free, as part of our effort to make global trade more transparent, while data exports and more granular data are available with a paid account. Our Ocean Freight Rate Index makes it easy to monitor ocean freight benchmark performance relative to the industry.
CAN I SOURCE FREIGHTOS BALTIC INDEX DATA?
FBX data is available to subscribers on the Freightos website and via Thomson Reuters Eikon or Bloomberg screens. It is also updated weekly on the JOC’s Market Data portal, pulled weekly into TI Insight’s GSCi market intelligence platform, as well as viewing charts, you can download csv files or png charts. If you are a journalist, analyst, or armchair logistics buff, contact [email protected] if you’re interested in a CSV version of data.
CAN I CITE FREIGHTOS BALTIC INDEX DATA?
Of course! We’re happy when you do, just please use proper citation and backlinking when doing so. If you’re sharing multiple data points or extended data to a wide audience, please contact us for a data licensing agreement at [email protected].
Can I book or sell cargo on Freightos or WebCargo?
Absolutely. The Freightos ecosystem spans leading cargo booking and payment platforms used by top carriers, forwarders and importers and exporters globally. Forwarders and carriers can learn more at webcargo.co, while importers or exporters can find more information at freightos.com
