In April 2018, Freightos partnered with the Baltic Exchange, an independent, trusted institution with deep experience managing complex benchmarks for the shipping industry, to create the Freightos Baltic Index (FBX). FBX freight rate data is aggregated and anonymized from live business databases with tens of millions of price points updated on a daily basis. Freightos’ vast database enables a high level of accuracy in calculating the market rate, and includes precise ocean freight rate historical charts. FBX coverage includes core routes to and from China as well as many other major global routes. The FBX is the only daily freight rate index and is also the only freight index that is IOSCO compliant and regulated by the EU. Unlike other freight indices, FBX is 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. Unit: USD/FEU
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