The FBX02 global ocean freight container pricing index measures 40′ container prices across key port pairs from North America’s West Coast to China and East Asia. This index is created and maintained in collaboration with the Baltic Exchange. Key ports in the index include Los Angeles (LAX) and Chicago (ORD) in the United States and Shanghai (PVG) and Ningbo (NGB) in China.
CMA CGM has surpassed Maersk to become the largest carrier on the transpacific trade lane. While rates have stabilized, potential disruptions from US port strikes and tariff increases could lead to future volatility.
Check out this week's Freightos Update with the latest on tariffs, labor disruptions and signs of a start to Lunar New Year demand increases for European and Mediterranean shippers.
The increasing volume of low-value e-commerce shipments entering the US without formal customs clearance is raising concerns about security and economic risks. While formalizing the entry process could improve tracking and security, it may also lead to significant logistical challenges and increased costs.
Join 40,000 logistic professionals staying in-the-know with our weekly email updates
Which ports are included in FBX02?
| North America West Coast Ports: | China/East Asia Ports: | |
| CAVAN – Vancouver USLAX – Los Angeles USLGB – Long Beach USOAK – Oakland USSEA – Seattle USTIW – Tacoma |
CNNGB – Ningbo CNSHA – Shanghai CNYTN – Yantian HKHKG – Hong Kong JPUKB – Kobe KRPUS – Busan S. Korea SGSIN – Singapore TWKHH – Kaohsiung Taiwan VNVUT – Vung Tau |
How is FBX02 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.
Which other trade lanes does FBX cover?
Can I source FBX02 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. Besides 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.
