xChange will organized free webinar on Container Availability Index to be held on 4th March 2021 from 11:30- 12:00 PM CET.
Get to know more about the Container Availability Index
The Container Availability Index (CAx) reviews the inwar and outward bound containers from the ocean ports weekly, taking into account and following the route of more than 10 million containers. A CAx value of 0.5 implies a balance, signifying that a similar number of containers are leaving and entering a port in a certain week. In contrast, a CAx value below 0.5 suggests that a greater number of containers are departing the port. Lastly, a CAx value above 0.5 denotes that an extra number of containers are entering a port in the same week.
Why is CAx important for freight forwarders?
The most important function of Container Availability Index is to help freight forwarders to determine the likelihood of finding the containers in a given location. For instance, a very low CAx signifies that the safety container stock in the specific port is running low. However, when the equipment level is high, CAx values are liable to go down since the port will be required to lower its safety stock, to begin with, before accepting incoming containers. When the Container Availability Index goes down for a period of several weeks it is followed by a lack of containers and conversely, a high value of CAx is synonymous with surplus containers in the specific port.
The forecasting of CAx will help the forwarders to save their expenditure by lowering the movement of empty containers needlessly. The index crunches data together from all over the world which in turn helps the logistics companies to keep an eye on the equipment situation in general. It is now for the companies to investigate if the transportation costs are going up or down and then make more informed decisions regarding the leasing and trading of containers.
xChange’s Webinar about the Container Availability Index
The Coop invites its members to participate in xChange’s Webinar to get to know more about the Container Availability Index
- 4th of March at 11.30 am (CET)
- Sign up here
