www.joc.com THE JOURNAL OF COMMERCE 57
JOC By the Numbers
■ IPI ● Growth Rate
80
90
100
110
120
130
-50%
-40%
-30%
-20%
-10%
0%
11/27/15 11/28/14
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.
21ST WEEK IN DOUBLE-DIGIT INDEX: The JOC-ECRI Industrial Price Index for the week ending Nov. 27, 2015, sequentially slipped
0.6089 point to 80.6132. This was the worst weekly index since the week ending May 29, 2009, when it was 78.2920.
The JOC-ECRI
IPI negative growth rate for the week ending Nov. 27, 2015, sequentially declined 0.0913 percentage point to
negative 32.4613 percent. A positive growth rate was last seen 63 weeks ago in the week ending Sept. 12, 2014.
■
Rate per 40-foot box
$0
$500
$1,000
$1,500
$2,000
$2,500
-60%
-30%
0%
30%
60%
90%
Year-over-year
Week-over-week
11/30/15 12/1/14
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.
RECOUPS $50 FROM 2015 LOW: The Nov. 30, 2015, average spot market rate from Hong Kong to Los Angeles was $968
per FEU, $50 or 5.4 percent above the previous week while only $96 above the record low $871 per FEU reached five
consecutive weeks in July and August 2009..
The Nov. 30 average spot rate was $757 or 43.9 percent less than the same period last year, and $1,286 or 57.1 percent
below
the year-to-date high of $2,253 per FEU reached three consecutive weeks in February. The Nov. 30 average spot
rate was $1,439 or 59.8 percent below the 2014 end-of-year spot rate/2014 high of $2,407 per FEU; and $1,913 or
66.4 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
Averitt Express, www.averittexpress.com .................... 15
BMO Transportation Finance, www.bmotf.com .......... 51
Canadian National Railway, www.cn.ca ..................... 21
C.H. Robinson, www.chrobinson.com ........................ 64
Cosco, www.cosco-usa.com ......................................... 9
Direct Chassis Link Inc., www.dcli.com ...................... 18
Emirates SkyCargo, www.skycargo.com/dwc ...............5
Georgia Foreign Trade Conference,
www.gaforeightrade.com ...........................................55
Georgia Ports Authority,
www.gaports.com/gatewaytotheworld ........................ 41
Hamburg Sud, www.hamburgsud-line.com ................47
Hanjin Shipping, www.hanjin.com .............................49
Mediterranean Shipping Co., www.msc.com ...............2
MOL, www.countonmol.com ......................................33
Navis N4, www.navis.com/itstimeformore ................... 37
Nordana Line, www.nordana.com ............................. 31
Penske Logistics, www.gopenske.com .........................17
Port Everglades, www.porteverglades.net ...................45
Port of Antwerp,
www.portofantwerp.com/en/supplychainperspective ...25
Port of Long Beach, www.polb.com ...........................43
Port of Mobile, www.asdd.com ..................................23
Port of Prince Rupert, www.rupertport.com ................35
South Carolina Ports, www.scspa.com .......................29
The Northwest Seaport Alliance,
www.nwseaportalliance.com ......................................63
Werner, www.werner.com ...........................................13
Yang Ming Line, www.yangming.com ........................39
■ Average U.S. IMC highway yield ● Month to month percent change
$1,300
$1,350
$1,400
$1,450
$1,500
$1,550
-5%
-3%
-1%
1%
3$
5$
M A M F J
2013
D N O S A J J M
2012
■ Drewry East-West Air Freight Price Index: May 2012 = 100 ● Average $ rate per kilogram
80
95
110
125
140
$2.00
$2.50
$3.00
$3.50
$4.00
O S A J J M A M F J '15 D N O
Nov 2014 120.8
May 2012 100.0
June 2015 88.3
High:
Base:
Low:
n
This index is a weighted average of all-in air freight "buy rates" paid by forwarders to airlines for standard deferred airport-to-airport
air freight services on 21 major east-west routes for cargoes above 1,000 kilograms. Rates are expressed in U.S. dollar per kilogram
and include three components: the base rate, the fuel surcharge and the security surcharge. They exclude door delivery costs.
Although the October 2015 Drewry East-West Air Freight Price Index was 102 points, 2.9 points above September, it was
13.5 points below September 2014, and 18.8 points below the 120.8 November 2014 record high index. Drewry calculated
the August average
air freight rate was $3.31 per kilogram, 9 cents above September and rising above the $3.00 level for the
third consecutive month, yet tumbling 44 cents below September 2014. Drewry expects November peak-season pricing
results to have strengthened and to recede thereafter as peak season closes.
DREWRY'S EAST-WEST AIR FREIGHT PRICE INDEX
Source: Drewry Sea & Air Shipper Insight, www.drewry.co.uk
