National Freight Index (NFI)
The National Freight Index (NFI) is a dynamic benchmark that reflects the current rates of freight transportation across the country. By analyzing market-based pricing data from various logistics companies across modes such as road, rail, air, and sea, it provides a real-time snapshot of freight cost trends. The NFI collects data from both spot and contract markets, providing a credible reference for logistics companies, shippers, and supply chain planners to make informed decisions on rate negotiations and budgeting.
The NFI is especially useful for CargoWise users when evaluating cost-effectiveness or anticipating shipping budgets. Logistics businesses can provide transparency by integrating external rate indices or referencing API feeds. This information improves pricing tactics, prevents undercharging or overpaying, and enables forwarders to compete in volatile markets. In addition, NFI can be used to establish service-level benchmarks, particularly in long-term carrier contracts or bids.