China Ningbo Containerized Freight Index (U.S. routes) falls slightly

0 Comment(s)Print E-mail Xinhua, February 22, 2020
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NINGBO, Feb. 22 (Xinhua) -- The China Ningbo Containerized Freight Index (NCFI) reported a slight drop in freight indices in the U.S. routes.

The NCFI, reflecting freight rate changes of 21 routes departing from the Ningbo-Zhoushan port, stood at 780.6 points Friday, down 5.6 percent compared with last week.

The sub-reading for the east and west coast of the United States quoted 934.3 points and 816.4 points, down 2.2 percent and 4 percent from last week respectively.

According to the Ningbo Shipping Exchange, affected by sluggish transportation demand, the market freight rate fell slightly.

Reported every Friday (except Chinese holidays), the NCFI was first published in September 2013. Enditem

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