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April 30 2018

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April 30 2018 | The Journal of Commerce 51 www.joc.com JOC By the Numbers Advertisers ACL, www.aclcargo.com ................................................... 25 American Independent Line, www.aishipping.com ........................................................ 26 Clean Energy, www.cleanenergyfuels.com ............................................ 56 CN, www.cn.ca.com ............................................................ 2 Cosco Shipping, www.cosco-usa.com ............................ 9 Florida Ports Council, www.flaports.org ....................... 47 Georgia Ports, www.gaports.com/portofbrunswick ............................. 23 Jaxport, www.jaxport.com .............................................. 49 Northwest Seaport Alliance, www.nwseaportalliance.com/easy ................................ 31 PhilaPort, www.philaport.com ....................................... 24 Port Canaveral, www.portcanaveral.com ..................... 21 Port of Baltimore, www.marylandports.com ................................................ 55 Port of Virginia, www.portofvirginia.com ...................... 29 TOTE Maritime, www.totemaritime.com ...................... 45 Transportation Marketing & Sales Association, Logistics Marketing & Sales Conference, www.tmsatoday.org .......................................................... 41 Wallenius Wilhelmsen Solutions, www.2wglobal.com ........................................................... 27 Yang Ming, www.yangming.com ....................................... 5 JOC-ECRI Industrial Price Index Source: Economic Cycle Research Institute © 2018 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. BOUNCES BACK FROM YEAR-TO-DATE LOW: The JOC-ECRI Industrial Price Index for the week ending April 13, 2018, was 110.36 as the index continued to recover from the year-to-date low of 109.34 set March 30. The rate is 5.46 points below the 2018 high of 115.82 set Jan. 26 and 1.02 points above the year-to-date low. The Gulf Coast's total market share of the US container trade is poised to break into double digits due to the expansion of the Pamana Canal, which essentially tripled the size of ships able to pass through the waterway from around 5,000 TEU to 15,000 TEU, and the dispute between management and dockworkers at West Coast ports in 2014 and 2015, when port congestion motivated shippers to reroute cargo away from the West Coast. ■ IPI 90 95 100 105 110 115 120 4/13/2018 3/31/2017 6.0% 6.5% 7.0% 7.5% 8.0% 8.5% 9.0% 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 Drewry Hong Kong-Los Angeles Spot Rate Benchmark Source: Drewry Shipping Consultants © 2018 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 NVOCCs and also tracks contract rates on 8,000-plus lanes via its BCO Benchmarking Club. RISES AFTER FALL: The April 16, 2018, average spot market rate from Hong Kong to Los Angeles of $1,191 was was up 20 percent from the prior week when it matched the year-to-date low of $991 first set during the week of March 26. The April 16, 2018, level is down $167 or 12.3 percent year over year. The April 16, 2018, average spot rate was $480 or 38.7 percent below the calendar 2018 high of $1,671 per FEU of Jan. 29, while $1,689 or 58.7 percent below the Drewry benchmark record high of $2,880 per FEU of Aug. 6, 2012. ■ Rate per 40-foot box 0 $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 $1,800 -50 0 50 100 150 4/16/18 3/20/17 PERCENT CHANGE: ● Year-over-year ● Week-to-week High: $2,880 8/6/12 Low: $623 4/25/16 Gulf Coast container market share closes in on 10 percent Source: IHS Markit © 2018 IHS Markit

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