The FBX index is provided for informational and educational purposes only. The content from which the FBX index is derived is obtained from sources believed to be accurate and reliable, however due to the possibility of human and mechanical error or other factors, Freightos is not responsible for any errors or omissions.
FBX stands for Freightos Baltic Index. It is the leading international Freight Rate Index, in cooperation with the Baltic Exchange
Go to freightos.com/fbx or write an e-mail to email@example.com
While Freightos includes door-to-door rates for both air and ocean, the Freightos Baltic Index currently only provides indices for ocean freight. We have plans to introduce air freight rate indices the near future.
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 ive rates that top tier logistics providers using commercially.
The FBX flagship index is a weighted average of the twelve underlying regional route indexes. Each individual index trade lane is represented by 5-7 of the major ports of each region. For more information contact firstname.lastname@example.org
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 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 12:00 UTC.
The weekly index is calculated as an average of the five business days from the same week and published each Friday.
The Shanghai Freight Index (SCFI) was created by the Chinese government in 2005 in order to improve logistics market efficiency. Operated by the Shanghai Shipping Exchange, the SCFI is an accessible benchmark to help both buyers and sellers easily see where market rates are currently located. As of 2010, oversight of the accuracy of the SCFI is provided by KPMG. The SCFI relies on baskets of reported spot rates for export from Shanghai to 15 ports around the world. These rates include port-to-port charges and associated ocean surcharges, reported by the SCFI panelists, 20 carriers and 17 shippers or forwarders.
Spot rates, representing some 25% of global bookings, are more volatile than contracted rates. That said, the industry does appear to be moving towards shorter contracts, together with an uptick in spot rates. FBX differs from the SCFI in a number of core respects: The data is aggregated and anonymized from live business databases with tens of millions of price points updated on a weekly basis. Freightos vast database provides more data points, enabling higher accuracy. FBX coverage includes core routes other than those coming from China. 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 is available for a free.},
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. Usage of index data is permitted but requires attribution of the data to the Freightos Baltic Index. When using FBX charts or graphs, a link to the index is required as well. If you are a journalist, analyst, or armchair logistics buff, contact Freightos if you're interested in a CSV version of data.},