News / Forwarders sign up to new air freight rate index, but some carriers have questions

15/07/2014

A new air freight rates index, the TAC, is now just weeks away from launch. It promises to shake up the way data is distributed and information used in the air cargo market.

Following an article in The Loadstar in May, six of the top 20 global forwarders have now signed up to submit raw data to the TAC Index – “tens of thousands” of contracts, across all tradelanes.

The data will include the house and master air waybills, which will be ...

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Ricardo V. Pilon
July 15, 2014 at 2:19 pm
TAC is a great initiative and will help (and encourage) the air cargo industry to explore and adopt new business models that can be applied to specific markets. The concerns seem to be driven by a framed discussion around today’s models but this will present opportunities to all participants depending how creatively and for what purpose the transparency is used.

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Richard Charles
July 16, 2014 at 2:20 pm
We developed an initiative with Drewry to provide this capability in 2012 and its success has led us to expand the number of city pairs to provide global reporting and analysis capability.

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- Alex Lennane
  July 16, 2014 at 2:26 pm
  Yes, we should have pointed out that there are other indices, notably Drewry’s and WorldACD, which provides good data. The difference with this new index is its weekly focus, that it is designed with the banking sector in mind, and modelled on the bulk industry which is more developed in this area. We will do another article on it shortly, explaining why the TAC guys think airline fears are unfounded.
  
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Mark Rudel
July 16, 2014 at 2:44 pm
How does one inquire about participating in this index as a sponsoring Freight Forwarder

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