Digital freight forwarding platform Shifl announced Monday it is launching its own rate index to bring better visibility to its customers that have been experiencing a volatile market, with rates that were close to $20,000 for a full 40-foot high cube this time last year dropping to below $10,000.
The new ocean spot rate index, Shifex, is based on actual freight quotes and shipments handled by Shifl with its carrier network moving cargo from China to New Jersey/New York or Los Angeles.
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