For those interested in finding a snapshot of global airfreight pricing from week to week, it’s time to meet FIFI. Online freight marketplace Freightos has launched its Freightos International Freight Index (FIFI), a database of more than 250 million price points updated weekly, covering container pricing, price ranges on key lanes, historical pricing and volatility, and the ability to instantly estimate pricing on specific routes.1011-elevate-freightos-logo
FIFI aggregates live freight rates from “hundreds of carriers, forwarders, and shippers,” which Freightos is offering, free of charge, to promote, “data-informed decision-making.” Currently, limited data sets, manual reporting, and expensive access fees are muddying the waters. As a result, many businesses are overpaying for shipping.
Read more on Air Cargo World here.