A service based on customer collaboration, the Freight Rate Index provides a quarterly benchmark by month of peer to peer freight rates by route into Europe, taking into account variables such as CAF, BAF and other factors that could influence container rates.

Identifying the true costs of sea freight

As the volume of imports grow and the commercial pressures increase, better knowledge and awareness of the true costs of moving freight globally into Europe are a prerequisite of the modern Purchasing or Supply Chain professional. Analytiqa's Freight Rate Index provides clear and concise analysis of your actual freight costs by route. This assists you to measure your freight cost performance against your peer group on a volume and route basis.

The Freight Rate Index combines sources of freight costs, calculating the true and actual cost of shipping your freight into Europe. The Freight Rate Index then measures and compares this actual cost against the actual cost aggregate of your peer group, rather than an estimated or quoted cost, adjusting for the dynamics and complexity created by variables such as volume and route.

This holistic approach creates a much truer perspective and removes the complexity of CAF (Currency Adjustment Factor) and BAF (Bunker Adjustment Factor) from the equation, as well as removing the variability costs associated with Terminal Handling Costs. The Freight Rate Index provides up to date analysis based on the information provided at the end user level on a quarterly basis. This delivers unique primary research and analysis unavailable from any other source.

The Freight Rate Index therefore facilitates the implementation of more efficient fulfilment strategies and identifies improvements in cost performance that can be recognised or forecast with the absolute confidence that the data originates from a source that is consistent, reliable and analysed by a specialist within the global supply chain industry.

Analytiqa's Freight Rate Index is available on an annual subscription basis. Customers can subscribe to the service providing an efficient and easily understood quarterly 'traffic light' analysis of their rates compared to their peers, along with full access to the data and analysis that lies behind the comparative benchmark. Your organisation will benefit by having independent, unbiased insight and analysis of the aggregated freight rates currently being paid by your peers, enabling you to efficiently and confidently assess which routes you are comparable on and which routes need further evaluation. Naturally, once your rates are where you want them the Freight Rate Index proves invaluable in ensuring that your rates stay in line with the ever changing market trends and conditions.

By subscribing to the Freight Rate Index Analytiqa will need to capture your freight data in order to analyse your position to that of your peers. This information is collected and collated in the strictest of confidence under a Non Disclosure Agreement providing customers confidence over and above the basis of trust that their operational data will not be disclosed to any persons outside the employ of Analytiqa.

For more information on Analytiqa's freight rate benchmarking, please send an email to Analytiqa or call us on 44 (0)1707 37 22 11 to speak with an Account Manager.