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June 10 2019

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June 10 2019 | The Journal of Commerce 67 www.joc.com JOC By the Numbers Advertisers JOC-ECRI Industrial Price Index Europe's largest ports grow by mid-single digits Source: Economic Cycle Research Institute Source: Antwerp Port Authority and Port of Rotterdam Authority © 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 LOW: The JOC-ECRI Industrial Price Index for the week ending May 24, 2019, was 91.09, decreasing 1.802 points from the prior week. The rate is 7.06 points below the 2019 high of 98.16 set March 22. Total TEU volume with year-over-year change at Rotterdam and Antwerp ports The ports of Rotterdam and Antwerp have significantly increased their TEU volme over the last couple of years. Europe's No. 2 port of Antwerp saw container throughput rise 6.2 percent to 11.1 million TEU in 2018, while Rotterdam, the region's busiest port, reported a 5.7 percent increase to 14.5 million TEU. ■ IPI 90 95 100 105 110 115 5/10/2019 5/11/2018 9 10 11 12 13 14 15 16 2018 2017 2016 ■ Antwerp ■ Rotterdam +11% +4% +5.7% +6.2% 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 NVOs and also tracks contract rates on 8,000-plus lanes via its BCO Benchmarking Club. HITS NEW YEAR-TO-DATE LOW: The May 29, 2019, average spot market rate from Hong Kong to Los Angeles of $1,344 was down $183 or 12 percent from the prior week and is up $92 or 7.3 percent year over year. The May 29, 2019, average spot rate of $1,344 was down $864 or 39.1 percent from the calendar 2019 high set in the third week of January, while $1,536 or 53.3 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% 5/29/19 5/28/18 PERCENT CHANGE: ● Year-over-year ● Week-to-week High: $2,880 8/6/12 Low: $623 4/25/16 19th Annual Port of New York-New Jersey Port Industry Day, portindustryday@yahoo.com ....... 19 BlackBerry Radar, www.blackberry.com/radar ........... 13 CenterPoint, www.centerpoint.com .............................. 41 CN, www.cn.ca ................................................................... 71 Cosco Shipping, www.cosco-usa.com ............................ 5 CP, www.cpr.ca ................................................................... 25 DP World, www.dpworld.ca ............................................. 23 Florida Ports Council, www.flaports.org ....................... 53 IANA Intermodal Expo, www.intermodalexpo.com .............................................. 17 Litco International, www.litco.com/export-grade-pallets ............................. 38 Logistics Development Forum, www.logisticsdevelopmentforum.com ........................ 49 Port Canaveral, www.portcanaveral.com ..................... 63 Port Everglades, www.porteverglades.net ................... 59 Port Miami, www.portmiami.biz ..................................... 57 Port of Baltimore, www.marylandports.com ............... 37 Port of Halifax, www.portofhalifax.ca ............................ 28 Port of Mobile, www.asdd.com ....................................... 45 Port of Vancouver, www.portvancouver.com/ecoaction ............................. 27 Port Tampa Bay, www.porttb.com ................................... 2 South Carolina Ports, www.scspa.com/supplychainauthority ........................ 35 TOTE Maritime, www.totemaritime.com ...................... 55 Watson Land Company, www.watsonlandcompany.com ..................................... 43 Wen-Parker Logistics, www.wen-parker.com ............... 72 Yang Ming, www.yangming.com ....................................... 9

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