The Global XSI® index dropped to 151.6 points in March, a decrease of 1.8% from February and 56% lower than March 2023. Overall, the index has fallen by 3.9% compared to December 2023, with slight fluctuations in February not offsetting declines in January and March.
March saw limited movement in the XSI® due to a low number of new contracts entering validity, attributed to it being mid-quarter and shippers delaying signing new long-term contracts.
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