What are freight rates?
National average flatbed rates are currently averaging $3.12 per mile, $. 05 higher than the December average. The Midwest has the highest average flatbed rates at $3.37 per mile; the lowest rates are in the West, with an average of $2.93 per mile.
What does the World container index measure?
The index measures global container freight rates by calculating spot rates for 40-foot containers on 12 global tradelanes. It is reported around the world as a proxy for shipping stocks, and is a general shipping market bellwether.
How is Scfi calculated?
How is SCFI calculated? Arithmetic mean is applied to calculation of SCFI freight rates of individual routes. The composite index is calculated by weighting average. The basis period of composite index is 16th October, 2009 and the basis index is 1,000 points.
What is FCL and LCL?
FCL (Full Container Load), or full container: the client’s goods are transported in a filled and sealed container; LCL (Less than Container Load) or grouped shipment: the client’ goods are not numerous enough to fill a container, the goods of several clients are put into one container.
What are the different types of freight charges?
A Guide of the Different Freight Charges
- #1 – Consignee Collects.
- #3 – Free on Board (FOB) Destination.
- #4 – Third Party.
- #5 – Prepay and Add.
- #6 – Cash on Delivery.
- #7 – FOB Origin and Freight Prepaid.
- #8 – FOB Origin, Freight Prepaid and Charged Back.
- #9 – FOB Destination and Freight Collect.
How do you calculate container index?
Container index (CI), calculated as the number of containers with any larvae or pupae, divided by the total number of inspected containers, multiplied by 100.
What is sea freight index?
It is a shipping freight index that helps you benchmark freight rates for major ports across the world. To estimate freight shipping costs, the system considers the top-rated and lowest quoting vendors on each route.
What is a freight feu?
FEU is an acronym for Forty Foot Equivalent Unit. Both are used to describe the size of a container. For example, if an importer shipped 2 x 20FT containers and 1 x 40FT container this week, she could say that she shipped 4 TEU or 2 FEU.
What is a feu container?
FEU – is defined as Forty-Foot-Equivalent-Unit and is the size for a 40ft standard shipping container. One 40ft container can hold between 22 to 23 pallets, depending on whether they are standard pallets or EUR-pallets.
What is Platts container index?
Platts Trans-Pacific container rates are price assessments of the specific shipping route, which provide daily insight into market fundamentals and trends, offering essential information including price assessments, market-critical data, trade updates, trends, news, commentary and analysis giving you a thorough market …