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A freight rate (historically and in ship chartering simply freight [1]) is a price at which a certain cargo is delivered from one point to another. The price depends on the form of the cargo, the mode of transport (truck, ship, train, aircraft), the weight of the cargo, and the distance to the delivery destination.
The Baltic Dry Index (BDI) is a shipping freight-cost index issued daily by the London-based Baltic Exchange. The BDI is a composite of the Capesize , Panamax and Supramax timecharter averages. It is reported around the world as a proxy for dry bulk shipping stocks as well as a general shipping market bellwether.
The Freightos International Freight Index was first launched as a weekly freight index in early 2017. [7] The Freightos Baltic Index has been in wide use since 2018. [8] It is currently the only freight rate index that is issued daily, and is also the only IOSCO-compliant freight index that is currently regulated by the EU (in particular, the European Securities and Markets Authority).
Similar in concept to the groupings or grading systems used in other industries, with the NMFC, commodities are grouped into one of 18 classes—from a low of class 50 to a high of class 500. [1] Classification is based on an evaluation of four transportation characteristics: density, stowability, handling and risk or liability.
Class B permits the use of vehicles with GVWRs of not more than 3 500 kg plus a trailer with GTWR not exceeding 750 kg; or, a trailer above this limit so long as the combined gross weight of car and trailer does not exceed 3 500 kg (in some jurisdictions a higher combined weight limit of 4 250 kg is permitted after a theoretical and practical ...
Ryder System Inc (NYSE:R) shares are trading lower on Thursday after it reported third-quarter results. Sales grew 8% year-on-year to $3.17 billion, missing the analyst consensus estimate of $3.29 ...
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