The Ningbo Containerized Freight Index (NCFI) averaged 1,183.7 points in July, marking a 20.5% decline month-on-month and a sharp 56.7% drop compared to July 2024, according to the Japan International Freight Forwarders Association, citing data from the Ningbo Shipping Exchange (NBSE). Of the 21 trade lanes measured, only four saw freight rate indices rise, while […] The post NCFI sees sharp drop in July appeared first on Container News .