Issue link: https://jocdigital.uberflip.com/i/556388
www.joc.com THE JOURNAL OF COMMERCE 49 JOC By the Numbers ■ IPI ● Growth Rate 90 100 110 120 130 140 -40% -30% -20% -10% 0% 10% 8/7/15 8/8/14 Source: Economic Cycle Research Institute, www.businesscycle.com JOC–ECRI INDUSTRIAL PRICE INDEX* n The JOC-ECRI Industrial Price Index was developed by the Economic Cycle Research Institute and is a leading indicator of inflation based on a broad assortment of raw materials used in industrial production. The IPI growth rate compares the latest week's index with the IPI's average over the past year. Worst weekly index level since Oct. 16, 2009: In the eighth consecutive week of decline and the fifth week in a double-digit index, the JOC-ECRI industrial price index for the week ending Aug. 7, 2015, sequentially shed 1.5312 points, diving to 94.4274. The JOC-ECRI IPI negative growth rate for the week ending Aug. 7, 2015, sequentially tumbled 1.4742 percentage points to negative 25.2448 percent, a level not seen since mid-April. A positive growth rate was last seen 47 weeks ago in the week ending Sept. 12, 2014. ■ Rate per 40-foot box $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 -75% -50% -25% 0% 25% 50% Year-over-year Week-over-week 8/10/15 8/11/14 PERCENT CHANGE: ● Year-over-year ● Week-to-week DREWRY CONTAINER RATE BENCHMARK n The Hong Kong-Los Angeles benchmark is based on Drewry Shipping Consultants' research and derived from NVOCCs. The rate is in dollars and based on a full 40-foot containerload, excluding terminal-handling charges in Hong Kong. The Aug. 10, 2015, average spot market rate from Hong Kong to Los Angeles declined 6.2 percent from the week before to $1,518 per FEU, retaining only $300 of the $400 GRI spike of the previous week. The $1,518 per FEU Aug. 10, 2015, average spot rate was $557 or 26.9 percent below the same period last year, and $736 or 32.6 percent below the year-to-date high of $2,253 per FEU reached three consecutive weeks in February. The Aug. 10 average spot rate was $889 or 36.9 percent below the 2014 end-of-year spot rate/2014 high of $2,407 per FEU; and $1,363 or 47.3 percent below the Drewry benchmark record high of $2,880 per FEU of Aug. 6, 2012. Source: Drewry's Container Freight Rate Insight, www.drewry.co.uk ADVERTISERS Canadian Pacific Railway, www.cpr.ca/en/our-markets ........................................56 CaroTrans, www.carotrans.com ....................................7 CenterPoint Intermodal Center, www.centerpoint.com .................................................23 Cosco Container Lines Americas, www.cosco-usa.com .....................................................5 DDC FPO, www.ddcfpo.com ....................................... 15 Florida East Coast Railway, www.fecrwy.com ............55 Georgia Ports Authority, www.gaports.com/gatewaytotheworld.com ................29 Hanjin Shipping, www.hanjin.com ..............................13 Mediterranean Shipping Co., www.msc.com .............. 9 MOL, www.countonmol.com ...................................... 31 NDTA-USTRANSCOM Fall Meeting, www.ndtahq.com/joc15.htm .......................................47 Port of Montreal, www.port-montreal.com/why-montreal ....................... 37 Port or Prince Rupert, www.rupertport.com ...............39 7th Annual Harris County International Trade & Transportation Conference, www.harriscountyevents.net/program ......................... 41 South Carolina Ports, www.scspa.com ....................... 27 Wen-Parker Logistics, www.wen-parker.com ................2 Yang Ming Line, www.yangming.com ........................25 n The Semiconductor Industry Association's global sales report for June 2015 sequentially slipped 0.4 percent to $28 billion in monthly sales, although sales were 2 percent above June 2014 results. While Japan led June regional sequential growth with a 1 percent gain, China led in year-over-year growth with a 7.8 percent sales jump. The Americas sequentially declined 1.6 percent yet increased 5.6 percent year-over-year. GLOBAL CHIP SALES *Monthly sales volumes are a three-month moving average of global semiconductor sales. Sources: Semiconductor Industry Association; World Semiconductor Trade Statistics organization • www.semiconductors.org $22 $24 $26 $28 $30 ■ Monthly sales, in billions of U.S. dollars* ● Month-to-month percent change $22 $24 $26 $28 $30 -6% -3% 0% 3% 6% JUNE 2015 JANUARY 2011 ■ Monthly sales, in billions of U.S. dollars* ● Month-to-month percent change -6% -3% 0% 3% 6% DECEMBER 2014 JANUARY 2011 ■ Monthly sales, in billions of U.S. dollars* ● Month-to-month percent change $22 $24 $26 $28 $30 -6% -3% 0% 3% 6% DECEMBER 2014 JANUARY 2011 ASIA-PACIFIC AIRLINES' AIR FREIGHT ● Traffic ● Capacity ● Traffic ● Capacity -15% -10% -5% 0% 5% 10% 15% 20% J M A M F J 2015 D N O S A J J M A M F J 2014 D N O S A J J M A M F J 2013 D N O S A J J M A M F J 2012 -24% -12% 0% 12% 24% M A M F J 2015 D N O S A J J M A M F J 2014 D N O S A J J M A M F J 2013 D N O S A J J M A M F J 2012 This dataset was enlarged to 31 carriers from the previous 30 in September 2014 with ongoing comparisons adjusted accordingly. Source: Association of Asia Pacific Airlines • www.aapairlines.org n Monthly year-over-year percentage change in freight metric ton kilometers in traffic and available metric ton kilometers in capacity for 31 Asia-Pacific based airlines.* Asia-Pacific based airline traffic in June 2015 slipped 0.5 percent year-over-year, breaking a positive growth streak that began in March 2014. Although June capacity rose 2.5 percent, the June cargo load factor declined 1.9 percentage points year-over-year to 64.1 percent. In contrast, in the first six months of the year, traffic increased 4.8 percent, capacity increased 4.9 percent and the cargo load factor slipped 0.1 percentage point to 64.3 percent.