The FBX04 global ocean freight container pricing index measures 40′ container prices across key port pairs from North America’s East Coast to China or East Asia. This index is created and maintained in collaboration with the Baltic Exchange. Key ports in the index include Shanghai (PVG) and Ningbo (NGB) in China and New York (NYC) and Houston (HOU) in the United States.
Check out the Freightos analysis of the Trump Canada/Mexico/China tariffs and suspension of de minimis and possible impacts on freight markets.
The US Commerce Secretary nominee Lutnick says this week's tariffs are action-oriented, aimed at reducing fentanyl imports and illegal immigration, and that ordinary tariffs - possibly including the proposed 60% China tariff - will only proceed after the trade reports and recommendations Trump requested to have from federal agencies by the end of April.
President Trump signed executive orders applying 25% tariffs on Mexico and Canada, a 10% tariff on all goods from China and suspended de minimis eligibilty for all imports from these countries in response to illegal drugs and immigrants entering the US from these countries.
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Which ports are included in FBX04?
North American East Coast ports: | China/East Asia Ports: | |
USBAL – Baltimore USCHS – Charleston USEWR – Newark USHOU – Houston USNYC – New York USORF – Norfolk/Virginia USSAV – Savannah |
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 FBX04 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 FBX04 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.