Transpacific contract rates rise on Trump’s fickle policies
Shippers exasperated with the constant flip-flops in the Trump administration’s trade policy have agreed to ...
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By Alex Lennane
Shippers and forwarders can now access a real-time spot market air freight rates, as well as the possibility of hedging on prices, as the TAC Index launched this week.
Based on sea freight’s Shanghai Containerised Freight Index (SCFI), the TAC has been several years in the making and has attracted at least six major forwarders to provide data.
Currently transitioning to beta stage, the TAC has launched with airport-to-airport indices on Hong Kong to LAX, Chicago, JFK and Frankfurt tradelanes.
There are plans to introduce more lanes ...
Comment on this article
John Roberts
May 23, 2016 at 2:53 pmHuh? Forwarders spend time putting in rates regularly so shippers can benchmark prices then go back to the forwarders and get them to reduce their prices. Do I understand this correctly?