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November 26 2018

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November 26 2018 | The Journal of Commerce 59 www.joc.com JOC By the Numbers Advertisers Alabama State Port Authority, www.asdd.com .................................................................. 27 Cass Information Systems, www.cassinfo.com ............................................................ 33 Chipolbrok, www.chipolbrok.com ................................. 23 Cosco Shipping, www.cosco-usa.com ............................ 9 CP, www.cpr.ca ..................................................................... 5 CT Logistics, www.ctlogistics.com ................................. 29 Jump Start 19, www.smc3jumpstart.com .................... 37 Northwest Seaport Alliance, www.nwseaportalliance.com/easy ................................ 57 nVision Global, www.nvisionglobal.com ...................... 31 Port Freeport, www.portfreeport.com .......................... 47 Port Houston, www.porthouston.com ............................ 2 Port of Baltimore, www.marylandports.com ................................................ 49 Port of Brownsville, www.portofbrownsville.com ........................................... 25 Port of Greater Baton Rouge, www.portgbr.com .............................................................. 21 Port of Vancouver, www.portvancouer.com ................ 64 Ports America, www.portsamerica.com ....................... 55 SMC3, www.smc3.com ..................................................... 43 U.S. Bank Freight Payment, www.freight.usbank.com ................................................. 35 Yang Ming, www.yangming.com ..................................... 13 JOC-ECRI Industrial Price Index Trans-Pacific schedule reliability sinks Source: Economic Cycle Research Institute Source: SeaIntelligence Maritime Analysis © 2018 IHS Markit © 2018 IHS Markit The JOC-ECRI Industrial Price Index was developed by the Economic Cycle Research Institute (ECRI) and is a leading indicator of inflation based on a broad assortment of raw materials used in industrial production. INCHES DOWN TO NEW YEAR-TO-DATE LOW: The JOC-ECRI Industrial Price Index for the week ending Nov. 11, 2018, set a new year-to-date low of 98.81, decreasing 0.32 points from the prior week. The rate is 17.01 points below the 2018 high of 115.82 set Jan. 26. Percentage of container ships with on-time arrivals Ocean carrier schedule reliability continues to struggle on a global basis, falling to 67 percent in September. While the trouble is global, reliability from Asia to the US West Coast is markedly worst, falling below 50 percent in September. At 59.3 percent, reliability from Asia to the US East Coast is little better. ■ IPI 90 95 100 105 110 115 120 11/9/2018 11/10/2017 30% 40% 50% 60% 70% 80% 90% 100% 2013 2012 2011 2014 2015 2016 2017 ■ Global ■ Asia-NorthAmerican West Coast ■ Asia-NorthAmerican East Coast Drewry Hong Kong-Los Angeles Spot Rate Benchmark Source: Drewry Shipping Consultants © 2018 IHS Markit The rate shown here is in dollars and excludes terminal handling charges in Hong Kong. Drewry tracks spot rates on 600- plus global lanes including Hong Kong-Los Angeles by surveying NVOCCs and also tracks contract rates on 8,000-plus lanes via its BCO Benchmarking Club. HITS NEW YEAR-TO-DATE HIGH: The Nov. 12, 2018, average spot market rate from Hong Kong to Los Angeles of $2,652 was up $81 or 3.2 percent from the prior week and is up $981 or 58.7 percent year over year. The Nov. 12, 2018, average spot rate of $2,652 was up $81 or 3.2 percent from the calendar 2018 high set in the second week of November, while $228 or 7.9 percent below the Drewry benchmark record high of $2,880 per FEU of Aug. 6, 2012. ■ Rate per 40-foot box $0 $500 $1,000 $1,500 $2,000 $2,500 -50% 0% 50% 100% 150% 11/12/18 11/6/17 PERCENT CHANGE: ● Year-over-year ● Week-to-week High: $2,880 8/6/12 Low: $623 4/25/16

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