TAC Index is the leading global provider of air freight data, aggregating air cargo prices for merchants and shippers across all categories of goods and international trade routes.
Problem
- Lack of pricing transparency: Merchants struggle to access comprehensive industry data to determine fair air freight prices, leading to long and complex bidding processes.
- Volatile pricing: Air freight rates vary significantly depending on demand, seasonality, fuel prices, and route-specific conditions, making it hard to confidently benchmark prices.
- Inefficient comparisons: Merchants are forced to compare multiple forwarders to estimate fair pricing, adding inefficiencies and delays.
Solution
- Reliable index data: TAC publishes the TAC Freight Index weekly, covering over 50 major global trade routes. These air freight rates are based on actual transactions from freight forwarders.
- Independent and neutral: Positioned as a trusted third-party, TAC collects data from global air freight forwarders, including house and master Airway Bills.
- Regulatory compliance: TAC indexes are the only financially audited air cargo indexes, meeting IOSCO standards and adhering to UK Financial Conduct Authority guidelines, ensuring accuracy and reliability.
Media Links
Type
Enterprise, Supply Chain, and Trade Logistics & Shipping
Focus Area
Enterprise and Sustainability
Capital Raised (US$)
1M to 5M
Operational HQ
Hong Kong
SECTOR
Big Data & Analytics and Enterprise Data & Software
status
Current
founders
John Peyton Burnett, Cameron Honarvar
partnered
2024
exited
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