Delhivery, India’s largest fully integrated logistics service provider, today announced the launch of Freight Index One service. This platform provides historical, current, and forward Full Truckload (FTL) pricing estimates for transporters, fleet owners, shippers, and 3PL logistics players. Pricing is available for major trucking lanes and for open as well as closed container vehicle types.
“India currently does not have equivalents to global indices like the Cass Freight Index and Freightos Baltic Index (FBX). This creates routing issues, uncertainty about costs especially during periods of seasonal demand, and significant information asymmetries. Having a reasonable estimate of freight pricing is key to reducing overall logistics costs and increasing revenues for transporters and shippers,” said Rohan Anand, Head of Data Science at Delhivery, whose team designed the platform. “Our aim is to bring greater transparency and structured information to India’s logistics market at a lane level. Freight Index One platform is modeled from nearly a decade of market intelligence and Delhivery’s internal data, including supply fluctuations, seasonality, route viability and economic indicators such as fuel prices, toll rates and taxes,” added Rohan.
“Through Freight Index One, we plan to open up freight rate data and forecasts to partners from the logistics industry, including freight brokers and shippers, and to partner with them and deepen the accuracy and coverage of the index. Providing access to a wide variety of stakeholders will allow efficient price benchmarking and enable customers to better plan budgets and negotiate rates using market-wide data. This is an initial launch, and the accuracy of the index will grow as more market participants provide feedback to the underlying models,” said Kapil Bharati, Chief Technology Officer at Delhivery.
