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Tomorrow, April 7, container freight futures tied to the NYSHEX Freight Index (NYFI) go live on Intercontinental Exchange (ICE).

In this week’s episode of Supply Chain Secrets, the conversation focuses on what that means for the industry and how these new tools fit into freight strategy.

Rich Heath, who leads financial products at NYSHEX, joins to break down how freight futures work, how they connect to index-linked contracts, and how companies can begin thinking about managing freight risk in a more structured way.

This episode covers:
• What freight futures are and how they differ from physical freight contracts
• Why hedging is gaining traction now after years of limited adoption
• How futures can be used alongside existing procurement strategies
• What a first hedge can look like and how to start small
• How procurement and finance teams can work together on freight risk

As volatility continues to shape the market, the industry is beginning to adopt new tools designed to operate within it.