For those interested in finding a snapshot of global airfreight pricing from week to week, it\u2019s time to meet FIFI. \u00a0Online freight marketplace Freightos has launched its Freightos International Freight Index (FIFI), a database of more than 250 million price points updated weekly, covering container pricing, price ranges on key lanes, historical pricing and volatility, and the ability to instantly estimate pricing on specific routes.
\nFIFI aggregates live freight rates from \u201chundreds of carriers, forwarders, and shippers,\u201d which Freightos is offering, free of charge, to promote, \u201cdata-informed decision-making.\u201d\u00a0 Currently, limited data sets, manual reporting, and expensive access fees are muddying the waters. As a result, many businesses are overpaying for shipping.
\n\u201cGlobal freight transparency starts today,\u201d said Freightos CEO and founder Dr. Zvi Schreiber. Pro-transparency advocates such as Schreiber allege that retailers and manufacturers are overpaying on importing by up to 30 percent. \u201cFreightos is shining a light on freight to fix that market distortion,\u201d he said.
\nFreightos said that the current booking model lacks access to information about real-time market shipping prices or historical trends. Cathy Roberson, founder and head analyst of Logistics Trends and Insights, noted that, \u201cBusiness is moving faster than ever and the need for transparency is great. Not only does transparency provide much needed efficiency improvements, it also allows all parties visibility across the supply chain. The benefits of transparency are endless and allow for creative ways to rethink the way business is done.\u201d
\nThe index is published weekly on Sundays, reporting on prices for the previous week (Sunday through Saturday). The index covers prices for standard 40-foot containers in the following trade lanes: China to the United States (overall), China to the U.S. East Coast, China to the U.S. West Coast, China to Europe, Europe to the U.S. East Coast, and the U.S. East Coast to Europe.
\nThose interested in learning more about airfreight in 2017, should join us at Cargo Facts Asia in Shanghai, 25 \u2013 26 April. \u00a0To register, or for more information, go to\u00a0CargoFactsAsia.com
\nSource: aircargoworld<\/p>\n","protected":false},"excerpt":{"rendered":"
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