www.joc.com THE JOURNAL OF COMMERCE 51
JOC By the Numbers
ADVERTISERS
17th Annual Port of New York-New Jersey Port Industry Day,
email portindustryday@yahoo.com ............................ 37
ACL, www.aclcargo.com ............................................. 21
American Independent Line,
www.aishipping.com ..................................................33
Bahri, www.bahri.sa ....................................................5
Cosco Shipping, www.cosco-usa.com .........................39
Georgia Ports Authority, www.gaports.com ............... 31
IANA Intermodal Expo 2017,
www.intermodalexpo.com ..........................................35
Jaxport, www.jaxport.com ..........................................23
MOL, www.countonmol.com ......................................55
Northwest Seaport Alliance,
www.nwseaportalliance.com/bigcargo .......................29
Pasha Hawaii, www.pashahawaii.com .......................32
Petrochemical Supply Chain & Logistics,
www.petchem-update.com/petrochemical-supplychain 43
PhilaPort, www.philaport.com ................................... 15
Port Canaveral, www.portcanaveral.com ....................25
Port of Baltimore, www.marylandports.com ................2
Port of Virginia,
www.portofvirginia.com/terminals ..............................56
Ports America, www.portsamerica.com ......................26
South Carolina Ports, www.scspa.com .......................49
TOTE, www.toteinc.com ..............................................17
Wallenius Wilhelmsen Logistics,
www.bitly/wwlcases ................................................... 27
Yang Ming, www.yangming.com ................................. 9
■ IPI
70
80
90
100
110
8/18/2017 7/22/2016
■ YoY Growth
-2%
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
2Q-17 1Q-17 4Q-16 3Q-16 2Q-16 1Q-16 4Q-15 3Q-15 2Q-15 1Q-15
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.
RISES FOR FIFTH WEEK: The JOC-ECRI Industrial Price Index for the week ending Aug. 18, 2017, was 106.24 as the
index inched rose 2.22 points from the prior week. This reading is 1.9989 points below the calendar 2017 high of
108.861 and 3.96 points above the year-to-date low of 102.28 set June 9.
■ Rate per 40-foot box
$0
$500
$1,000
$1,500
$2,000
$2,500
-100%
-50%
0%
50%
100%
150%
Year-over-year
Week-over-week
8/21/17 8/22/16
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.
INDEX FLATLINES: The Aug. 21, 2017, average spot market rate from Hong Kong to Los Angeles of $1,721 was
flat from the prior week and up 3 percent from two weeks ago. The Aug. 21 level is up $478 or 38.5 percent
year over year.
The Aug. 21, 2017, average spot rate was $640 or 27.1 percent below the calendar 2017 high of $2,361 per
FEU of Jan. 2, while $1,159 or 40.3 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
US containerized imports of furniture as measured by TEU volume expanded year over year in the second quarter for
the eighth consecutive quarter, driven largely by an improving home sales market on the back of low mortage rates and
respectable job gains. As demand for homes goes up, demand for furniture imports tends to increase as well. Existing
home sales were up 3.5 percent from January through June, and up 3.9 percent in all of 2016.
US FURNITURE IMPORTS RISE FOR EIGHT STRAIGHT QUARTERS
Source: JOC Insights, July 2017 • PIERS/IHS Markit
