SeaRates presents a smarter way to manage sea, land, and air shipping. Freight Index allows access to freight market insights within one intuitive tool. Learn about its key features and integration options in the guide.
Freight Index advantages for your trade operations
Use SeaRates’ Freight Index to access real-time and historical data for sea, land, and air freight trends. The tool allows well-timed decisions and provides valuable inputs within minutes with the container freight rate index. Among other benefits:
Accurate data analysis
Stay updated on global information and explore it in real-time instantly within the tool. Our system processes anonymized and combined data from carriers, freight forwarders, shipping lines, airlines, truckers, and other logistics providers who use the Logistics Explorer by SeaRates freight rate management platform.
Global and precise calculation
With 70+ million data points, SeaRates offers average global rates (current and past periods) and a baseline index to explore. Use the tool to manage large market data on a container freight rates index from logistics providers globally.
Meaningful shipping insights
Utilize an interactive and user-friendly interface for precise market analysis and inform your customers of the latest short-term FAK spot rates. SeaRates Freight Index helps you analyze and compare spend, additional charges, and overall performance to make smart and timely decisions for your cargo shipments by sea, land (rail or truck), or air.
Budget planning
Plan and operate your budget by predicting spot rates for your target destinations. Extend your global reach with a container freight index for maximum efficiency in your supply chain and minimized costs.
Long-term strategy
Stay informed with freight rate index data to make logistics services efficient and competitive. SeaRates keeps you informed, improving the long-term strategy for your shipments.
Events awareness
Track statistics for the week, month, and year to streamline trade operations. Airlines, shipping lines, freight forwarders, and other logistics providers can use the tool to monitor news and forecasts, avoiding market challenges and demand fluctuations.
How to use the Freight Index?
Access the application from the website's main page through the Tools section. After selecting the Freight Index, start your journey with the tool.
Among all the IT tools for logistics, the Freight Index is a user-friendly digital solution that simplifies freight rate analysis. Enter your Shipping type, Transport unit type, and the coordinates of your route to get a customized analysis of freight indexes.
SeaRates offers two subscription options to check out the most popular freight indexes, along with detailed statistics:
1. Default subscriptions. Access the coverage of the first four regional levels (areas, continents, subregions, trade coasts) of our analytical database, allowing exploration of freight index analytics for the last month.
You can also increase it for three months to plan your future shipments as profitably as possible.
2. Premium subscription. Access global capacity and coverage and compare freight index data by various international carriers.
Once set up, download extensive freight price index analytics in Excel or CSV formats. Apply valuable information to your logistics operations and share it with your clients and partners by simply sending them the link to your freight market report.
Furthermore, to stay informed about the latest freight index updates, we advise you to set up notifications to catch the best opportunities for your trading.
How to integrate the Freight Index?
SeaRates offers two seamless ways to integrate the tool:
- White-label solution for your website to expand the audience of your services and improve the customer logistics experience.
- API integration to connect the Freight Index tool with your ERP, CRM, or TMS system.
The bottom line
Achieve high accuracy in calculating market rates. Our advanced features, like the global search of freight indexes, analytics, and the latest trend statistics, guarantee industry visibility to enhance your operations.
Request an IT Quote to discover more IT tools and customized solutions for your businesses. If you have questions regarding integrations and tariffs, drop a line at [email protected].
