National Freight Index
Published: June 21, 2019
Logistics firm Rivigo has launched the National Freight Index (NFI) with an aim to bring transparency and boost efficiency in the market.
About the Index
- NFI would serve as a barometer of the road freight market in India.
- NFI is aimed at bringing transparency to the road freight market place and transforming the logistics sector.
- The index would comprise of two kinds of data viz. actual freight rates condensed to Rs per tonne-km, and the change with respect to a base month.
The index and the exchange are based on Rivigo s machine learning and economics powered pricing algorithms based on data from historical transactions, current market dynamics, micro market insights and other factors to give a fair and precise representation of the state of the spot market in the country.