Digital Edition

Sept.19. 2016

Issue link: https://jocdigital.uberflip.com/i/724533

Contents of this Issue

Navigation

Page 48 of 55

www.joc.com THE JOURNAL OF COMMERCE 49 JOC By the Numbers ADVERTISERS BNSF Railway, www.bnsf.com/pnw-tx ..................................2, 37, 39, 41 CONECT's 15th Annual Northeast Cargo Symposium, www.conect.org .......... 27 Cosco, www.cosco-usa.com ........................................23 FedEx Freight, www.fedex.com/freightbox ..................56 Hub Group, www.hubgroup.com .............................. 44 Mediterranean Shipping Co., www.msc.com .............. 9 MOL, www.countonmol.com ......................................55 Port Canaveral, www.portcanaveral.com ......................5 Port Everglades, www.porteverglades.net ....................13 16th Annual Port of New York-New Jersey Industry Day ...........................43 SMC3, www.smc3.com ...............................................45 TOTE Maritime, www.totemaritime.com .....................25 ■ IPI ● Growth Rate 70 80 90 100 -40% -20% 0% 20% 9/2/2016 9/4/2015 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. A year-to-date high: The JOC-ECRI industrial price index for the week ending Sept. 2, 2016, sequentially eked out a 0.3664 point gain, leap-frogging the previous year-to-date 94.5261 point high of July 22 by 0.2500 point to reach 94.7761 points in its 61st week in double-digit index. This level was 16.3486 points above the 2016 low of 78.4275 for the week ending Jan. 22, which was the worst weekly index since May 29, 2009. In its 19th consecutive week in positive growth following 84 straight weeks in negative growth, the JOC-ECRI IPI growth rate for the week ending Sept. 2 was 19.7691 percent, a sequential gain of 0.6536 percentage point. ■ Rate per 40-foot box $0 $500 $1,000 $1,500 $2,000 -100% -50% 0% 50% 100% Year-over-year Week-over-week 9/5/16 8/31/16 PERCENT CHANGE: ● Year-over-year ● Week-to-week 8/6/12 $2,880 4/25/16 $623 High: Low: 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. $500 GRI JUMP TO 2016 HIGH: The Sept. 5, 2016, average spot market rate from Hong Kong to Los Angeles was $1,743 per FEU, a jump of $500 or 40.2 percent from the $1,243 level held the prevous five weeks, setting a year-to-date high. This spot market rate was $225 or or 14.8 percent above the same period last year. In context, the Sept. 5, 2016, average spot rate was almost in the middle of both the all-time high and record low of this benchmark: $1,138 or 39.5 percent below the Drewry benchmark high of $2,880 per FEU of Aug. 6, 2012, while $1,119 above the 2016 record low $623 per FEU of April 25, 2016. Source: Drewry's Container Freight Rate Insight, www.drewry.co.uk ■ Average U.S. IMC highway yield ● Month to month percent change ■ Drewry East-West Air Freight Price Index: May 2012 = 100 ● Average $ rate per kilogram $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 75 80 85 90 95 100 $2.25 $2.50 $2.75 $3.00 $3.25 $3.50 J J M A M F J '16 D N O S A J '15 !"#$%&'% '&&(& !"#$%&'() *+$& 11/2014 120.8 5/2012 100.0 2/2016 80.8 High: Base: Low: n This index is a weighted average of all-in airfreight "buy rates" paid by forwarders to airlines for standard deferred airport-to airport airfreight services on 21 major east-west routes for cargoes above 1,000 kilograms. Rates are expressed in dollar per kilogram and include three components: the base rate, the fuel surcharge and the security surcharge. They exclude door delivery costs. BEST MONTHLY INDEX SINCE DECEMBER: The July 2016 Drewry East-West Air Freight Price Index was 86.8 points, a 1 point rise from June, although 1.3 points below the July 2015 88.1 point index. The July 2016 average air freight rate was $2.82 per kilogram, 3.2 cents above June, but 4.2 cents below the July 2015 $2.86 per kilogram level. DREWRY'S EAST-WEST AIR FREIGHT PRICE INDEX Source: Drewry Sea & Air Shipper Insight, www.drewry.co.uk ASIA-PACIFIC AIRLINES' AIR FREIGHT ● Traffic ● Capacity -20% -10% 0% 10% 20% M F J D N O S A J 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 -15% 0% 2016 D N O S A J 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 -15% -10% -5% 0% 5% 10% 15% 20% 25% 2016 2015 2014 2013 2012 ● Traffic ● Capacity 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.* July 2016 Asia-Pacific based airline traffic increased 3.9 percent, and capacity rose 3.4 percent year-over-year. The July 2016 cargo load factor was 62.1 percent, eking out a 0.4 percentage point gain year-over-year. In the first seven months of the year, traffic declined 1.5 percent, capacity increased 2.4 percent, and the cargo load factor tumbled 2.5 percentage points year-over-year to 61.3 percent. In contrast, in calendar 2015, traffic advanced 1.6 percent, and capacity increased 3.5 percent, while the cargo load factor slipped 1.3 percentage points year-over-year to 63.7 percent.

Articles in this issue

Links on this page

Archives of this issue

view archives of Digital Edition - Sept.19. 2016