News / Xeneta launches container freight rate index to help shippers find best deals

© Pavel Ignatov

Crowd-sourced freight rate benchmarking platform Xeneta today unveiled a new container freight rate index to help shippers develop contracts with their 3PLs and carriers.

The Norway-headquartered start-up, which claims some 65 million rates recorded in its database, said the Xeneta Shipping Index (XSI) would cover “57 corridors, representing 95% of global intercontinental volumes”, and had a “dynamic” function allowing shipper rates to follow the market as it developed.

Xeneta CEO Patrik Berglund said: “After several years working closely with cargo buyers and sellers, the one ...