• TAC Index, the leading air cargo pricing platform, has introduced a new subscription-based fee model, starting at just $99 per route annually, to make its benchmark air freight data accessible to businesses of all sizes.
• Historically used by large players, the new model opens the door for more companies to use TAC Index’s data for improved risk management and to participate in Index-Linked Agreements (ILAs), which support fair and transparent pricing during market volatility. 

TAC Index, the leading air cargo price platform and a TAC Innovation group company, has launched a new subscription-based fee model to offer lower-priced entry points to air cargo market data. 

TAC Index’s data has become a benchmark for the industry, but historically, only larger, more highly capitalised businesses have been able to benefit from it. By launching the new pricing structure – which starts from US$99 per route, per annum – businesses of all sizes can now use TAC Index’s data to improve their air cargo risk management. 

This lower price point gives more market participants the flexibility to enter into Index-Linked Agreements (ILAs), which enable fairness and efficiency in pricing for the entire market during volatile periods. ILAs rely on highly accurate, financially compliant and time-stamped indices – with full transparency on calculation methodologies – which TAC Index has spent nearly 17 years developing under the UK Financial Conduct Authority’s guidelines.

John Peyton Burnett, Founder and Managing Director of TAC Innovation, commented: “We are determined to democratize access to TAC Index’s high-quality transactional data for pricing on major air cargo routes. Our new subscription model should help many more market participants to gain an accurate understanding of the market movements that matter to them, and to ultimately optimise their businesses through more effective risk management.”

Cameron Honarvar, Director of Finance at TAC Innovation, added: “Introducing entry-level pricing for high-quality data is the latest example of how TAC Innovation is delivering leading risk management information services to the air cargo industry. At TAC Innovation, we’re actively looking at the challenges facing the air cargo industry. We’re blending data science, blockchain and software expertise to create more tools to make air cargo risk management more efficient for all.”

This follows the recent launch of the extended Baltic Air Freight Spot Indices (BAI Spot). BAI Spot are the first-ever daily spot air freight indices developed under the FCA’s benchmark guidelines, and provide the foundation for enabling sophisticated risk management instruments, such as futures and derivatives, to be developed for the air cargo market.