By Los Angeles, CA, June 13, 2025 – Qwoted Newswire – Freight Right, a leading provider of freight forwarding and logistics technology solutions, today announced the official launch of the TrueFreight Index (TFX), a groundbreaking freight index designed to provide the most accurate, near real-time benchmark of global container shipping costs.
Developed to complement industry benchmarks such as the Freightos Baltic Index (FBX), Baltic Exchange Dry Index, Shanghai Containerized Freight Index (SCFI), Harper Petersen Charter Rates Index (HARPEX), Drewry World Container Index (DWCI) and Xeneta Shipping Index (XSI), TFX delivers transparent, timely insight into the cost of shipping containers across major global trade lanes. Unlike traditional indices that rely heavily on contracts, estimates, or infrequent data updates, TFX focuses exclusively on actual spot market data, updated with greater frequency and precision.
“The TrueFreight Index was built to answer the market’s most pressing question: What does it cost to move a container today?” said Robert Khachatryan, Founder and CEO of Freight Right. “With near real-time visibility and a bias-free methodology, TFX empowers supply chain professionals with a sharper, more current view of ocean freight pricing.”
The TrueFreight Index offers a unique and structured approach to real-time freight benchmarking. It incorporates median spot, vessel, ratio, and Freight All Kinds (FAK) rates from top-tier global carriers to ensure a true reflection of current market conditions. A volume-weighted methodology prioritizes trade lanes with the highest shipment activity, giving greater relevance to high-traffic routes. The index applies rigorous data validation and filtering techniques to identify and remove anomalies, ensuring the reliability of its inputs. In cases where data is limited, gap-filling algorithms maintain consistency across low-visibility or low-volume routes. Importantly, the system is fully automated and objective, eliminating manual intervention and removing potential bias from rate determination.
To learn more about the TrueFreight Index, visit the TFX page on Freightright.com.
About Freight Right
Freight Right is a U.S.-based international freight forwarder and logistics technology company specializing in solving complex shipping challenges through innovation, transparency, and automation. From air and ocean freight to cross-border e-commerce and specialized cargo, Freight Right provides data-driven, scalable solutions for global supply chains.
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Full Name: Mike Emiliani
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Company Name: Freight Right
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Website: https://www.freightright.com/
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