Supply Chain Optimization

Freight Rates On Their Way Down?

The Cass freight index appears to show expenditures and Shipments tracking fairly closely.

Case Freight index

The same is not true for bulk ocean freight. The London-based Baltic Exchange index is a weighted average based on 11-20 international ship routes and three commodities – coal, iron ore, and grain that measure the spot market for ocean shipping. Capesize vessels (That can carry 100,000+ tons and can’t go through the Panama Canal) daily rate is now $7,188, a 42.5% decline during last week and down from $24,000 per day in mid-July.

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Load Optimization | Freight Utilization | Capacity Utilization |Weight Maximization | Cargo Efficiency | Load Efficiency | Space Utilization | Transport Efficiency | Freight Efficiency | Vehicle Utilization