Research and advisory company Drewry and global forwarder network WACO-System have joined forces to introduce the first independent multi-trade airfreight rate benchmarks into the market.
Unde their cooperation agreement, Drewry’s existing Freight Shipper Insight monthly report will be expanded to include new routes beyond the ex-Shanghai airfreight rates which it has been providing for two years.
“The combination of Drewry’s expertise in freight rate benchmarking and WACO-System’s extensive market involvement in air freight forwarding creates a unique, reliable rate benchmarking capability for shippers,” said Philip Damas, director at Drewry.
“This reciprocal agreement provides our network with access to Drewry’s specific industry intelligence to help members manage their business with ocean carriers and shipping lines, and customers to support procurement and index-linked contracts,” said Richard Charles, executive director of WACO-System.
Photo: Hyougushi
