A large drop in freight rates registered by the Baltic Exchange’s benchmark container index is being attributed to a technical issue.
The Freightos Baltic Index (FBX) on Friday reported its largest correction since its inception in October 2016.
Rates on the FBX01 route from China to the US west coast dropped $3,410 in one day to $15,827 per 40-foot equivalent unit (feu) on Friday.
