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March 18 2019

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March 18 2019 | The Journal of Commerce 59 www.joc.com JOC By the Numbers Advertisers JOC-ECRI Industrial Price Index Trans-Pacific schedule below the global average Source: Economic Cycle Research Institute Source: SeaIntelligence © 2019 IHS Markit © 2019 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. HITS NEW YEAR-TO-DATE HIGH: The JOC-ECRI Industrial Price Index for the week ending March 1, 2019, was 97.33, increasing 0.989 points from the prior week to set a new high for 2019. Percentage of container ship on-time arrivals Global schedule reliability was 73.5 percent in January 2019, unchanged from December 2018. January 2019 schedule reliability was 6.9 percentage points higher than the 66.6 percent recorded in January last year. Trans-Pacific westbound reliability in January 2019 averaged 69.8 percent, down 6.6 percentage points compared with the previous year. On a month-to- month basis, the January level declined by 3.2 percentage points, according to data from SeaIntelligence Consulting. ■ IPI 90 95 100 105 110 115 120 3/1/2019 3/2/2018 60% 65% 70% 75% 80% 85% Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Transpacific WB ■ Global Down 6.6 % from January 2018 Drewry Hong Kong-Los Angeles Spot Rate Benchmark Source: Drewry Shipping Consultants © 2019 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. FALLS TO NEW YEAR-TO-DATE LOW: The March 6, 2019, average spot market rate from Hong Kong to Los Angeles of $1,416 was down $115 or 7.5 percent from the prior week and is up $125 or 9.7 percent year over year. The March 6, 2019, average spot rate of $1,416 was down $793 or 35.9 percent from the calendar 2019 high set in the third week of January while $1,465or 50.8 percent below the Drewry benchmark record high of $2,880 per FEU of Aug. 6, 2012. ■ Rate per 40-foot box $500 $1,000 $1,500 $2,000 $2,500 $3,000 -100% -50% 0% 50% 100% 150% 3/6/19 2/26/18 PERCENT CHANGE: ● Year-over-year ● Week-to-week High: $2,880 8/6/12 Low: $623 4/25/16 Cosco Shipping, www.cosco.usa.com ............................. 5 CN, www.cn.ca ................................................................... 63 CP, www.cpr.ca .................................................................... 57 Direct Chassis Link Inc., www.dcli.com/tenth .............. 35 Hamburg Sud, www.hamburgsud-line.com ................ 64 Landstar System Inc., www.landstar.com .................... 39 Logistics Development Forum, www.logisticsdevelopmentforum.com ........................ 25 Old Dominion Freight Line, www.odfl.com .................... 2 Penske, www.gopenske.com .......................................... 45 Port Everglades, www.porteverglades.net ................... 23 Port Montreal, www.tradingwiththeworld.com/en/midwest .............. 55 Port of Baltimore, www.marylandports.com ............... 29 Port of Halifax, www.portofhalifax.ca ............................ 49 Port of Prince Rupert, www.rupertport.com ................ 53 Port of Virginia, www.portofvirginia.com ...................... 33 South Carolina Ports, www.scspa.com/supplychainauthority ........................ 31 Yang Ming, www.yangming.com ....................................... 9

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