Market Metrics (Air)

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Market metrics are a set of tools that help you position your air rates against the market.They are global settings that apply to all displayed market data. By setting the appropriate market metrics, you can narrow down the scope of the air freight market to only those segments that are specific to your business.Xeneta uses the following market metrics to set a benchmark for your air rate data:Contract LengthContracted WithinMarket PositionService LevelContract LengthThe contract length metric allows you to compare your rates against rates defined by short-term or long-term contracts.See our Contract Length article to learn more about what contracts are considered short and long-term for air freight.Contracted WithinIn addition to contract length, air freight contracts can be further filtered by the age of their associated contracts — that is, how long ago the contract began — by using the Contracted Within metric.Market PositionThe market position metric allows you to compare your rates to the average market rate, as well as the market low — the lowest prices being paid by other market participants — and the market high — the highest prices being paid by other market participants.Take a look at our Market Benchmarks article for more information on how the market position is calculated.Service LevelDue to the non-standardized nature of air freight, similar shipments may differ from one another based on a number of factors including cost, transit time, cargo type, and others.To make air freight shipping rates comparable, Xeneta groups your air rates into five service levels — four for general cargo (upper, mid, lower-tier and a combination of the lower and mid tiers), and one for temperature-sensitive cargo (passive).See the Service Levels article for more information on how Xeneta categorizes air freight delivery options.