Introducing the Freight Right TrueFreight Index (TFX)

Today, we're excited to unveil the first of several freight and freight industry indicies, the TrueFreight Index (TFX).

The TFX offers a benchmark for global shipping rates. The index is interactive and allows users to check different rates year-over-year month-by-month across the most common origin, destination, trade lane and container size.

From the TFX page:

The Freight Right TrueFreight Index (TFX) is a benchmark designed to accurately reflect global container shipping rates by capturing real-time market fluctuations. Built on a foundation of transparency and data integrity, the index aggregates pricing information from multiple logistics providers, including freight forwarders and industry stakeholders.

To maintain accuracy, the index applies rigorous data validation techniques, filtering out anomalies and inconsistencies. It primarily relies on median spot rates for standard container shipments across key trade lanes. In cases of limited data availability, a structured methodology ensures completeness and reliability.

The index calculation follows a volume-weighted approach, where major trade routes with higher shipping activity exert greater influence on the final benchmark value. Automated processes eliminate bias, ensuring objectivity and consistency in rate determination.

Freight Right continuously enhances the index through regular reviews, quality control audits, and backtesting, ensuring it remains a reliable market indicator that aligns with industry trends and market demands.

Subscribe to the TFX to recieve weekly email updates on rate changes as well as important, topical industry news and events.