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China Sourcing Update: Transportation Cost (Mar 2017)

China Containerized Freight Index falls further in March

The China Containerized Freight Index (CCFI) went down from 815.46 on 24 February to a three-month low of 778.15 on 24 March, before rebounding a bit to 778.83 on 31 March (see exhibit 1).

In our view, the drop in freight rates in the month was due largely to a seasonal fall in the market demand for containerized freight services after the Chinese New Year holidays.

According to the latest media reports, a number of carriers have raised freight rates recently. Therefore, we expect that the China Containerized Freight Index will pick up in the near future.

China-Sourcing-Update-Transportation-Cost-MAR-2017

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Content provided by Fung Business Intelligence
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