The commonly used freight index in the world is the freight index published by Baltic Exchange. It is divided into the following four parts: Baltic Cape Freight Index (BCI), Baltic Panama Freight Index (BPI), Baltic Convenient Freight Index (BSI) and Baltic Dry Freight Index (BDI).
Transport freight index
Relative number index reflecting the change degree of transportation price in different periods. It is the sales price index of the transportation industry.
There are various modes of transportation, including railway, highway, waterway, civil aviation and pipeline transportation. According to the transport object, there are freight and passenger transport; Freight transportation includes transportation of industrial products and agricultural products. And it can be further subdivided according to the types of goods, so it is more complicated.
computing formula
Simple arithmetic average method average price weighted arithmetic average
Where is the total freight rate index; K is a single index or class index of the price index of a certain kind of transportation business; P0 is the average freight rate of a certain type of transportation business in the base period; Q 1 refers to a certain type of transportation business volume during the reporting period; ∑p0q 1 is the total operating income in the reporting period calculated by the base period freight rate.