Tradelane index

The FBX tradelanes are calculated using the median port to port all-in freight rate. This median price (freight rate) is calculated for standard 40-foot containers that are not refrigerated.

The tradelane index is calculated as follows.^[2]

${\displaystyle {\frac {\sum _{i=1}^{n}({median}(L,C_{i})\times V_{i})}{\sum _{i=1}^{n}(V_{i})}}}$

Where:

• ${\displaystyle L}$ = tradelane value (rounded to the nearest integer)
• ${\displaystyle C_{1},C_{2},\cdots ,C_{n}}$ = carriers
• ${\displaystyle V_{1},V_{2},\cdots ,V_{n}}$ = carrier volumes on the tradelane
• ${\displaystyle {median}(L,C_{i},\cdots ,C_{j})}$ = the median price for carriers ${\displaystyle C_{i},\cdots ,C_{j}}$ on the tradelane ${\displaystyle L}$

For reference, a list of the 12 tradelanes used in the index calculations is also provided in the section below.

FBX Global Container Index

The FBX Global Container Index (FBX) is a weighted average of 12 regional tradelane indices. It is calculated as follows.^[2]

${\displaystyle {\frac {\sum _{i=1}^{12}(I_{i}\times V_{i})}{\sum _{i=1}^{12}(V_{i})}}}$

Where:

• ${\displaystyle I_{1},I_{2},\cdots ,I_{12}}$ = the 12 regional tradelanes indices
• ${\displaystyle V_{1},V_{2},\cdots ,V_{12}}$ = respectives volumes of the 12 regional tradelanes indices

The FBX prices used are rolling short-term Freight All Kind (FAK) spot tariffs and related surcharges between carriers, freight forwarders, and high-volume shippers.^[10]