Drewry said aggregate on-time performance for the three key east-west trades — the transpacific, transatlantic, and Asia-Europe — rose to 67.6 percent last month, up from 63.5 percent in March.
That was the best performance since Drewry began using data from CargoSmart to track on-time ship performance in March 2014 for its Carrier Performance Insight publication. The prior peak in October 2014 was 64.3%.
Since then, the industry has struggled to cope with heavy port congestion on the U.S. West Coast and the implementation of new alliance partnerships and services.
“Indicative of the return to ‘normal’ operations on the USWC, the transpacific trade saw the biggest improvement in April with on-time reliability rising by 15.1 points to 54 percent,” said Drewry. “However, transpacific reliability remains about 20 points down on the series peaks of June and July 2014. Reliability on the Asia-Europe trade improved for the third consecutive month in April, while the Transatlantic bucked a six month declining trend with a higher performance.”
Drewry said its data found the most reliable carrier in April was Maersk Line with an average on-time performance of 85 percent, followed by OOCL (77 percent); MOL and NYK (both 74 percent). At the bottom of the rankings were Wan Hai (51 percent) and PIL (40 percent).
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now