Transpac to NAWC sees reliability improvement
Global schedule reliability improved by 3.8 percentage points M/M in May 2024, to the highest point YTD of 55.8%. On a Y/Y level however, schedule reliability was down -11.0 percentage points. This is a trend that we also see across the trade lanes, as 29 trade lanes were down Y/Y. Of the five that did record an improvement, Asia to North America West Coast (NAWC) recorded the most substantial improvement.
Figure 1 shows the development in schedule reliability for this trade lane, not only on a monthly level for 2024, but also the average full-year reliability in 2019-2023. Additionally, Figure 1 also shows the performance for Asia to North America East Coast (NAEC), as commercially, these two trade lanes are closely tied to each other.
While the Asia-NAWC trade lane has improved substantially and is even approaching – but not quite reaching – the pre-pandemic average performance, the Asia-NAEC trade lane shows no such similar improvement. The performance gap between the two trade lanes, which began to open up in 2023, has only been worsening.
This means that North American importers who use an East Coast routing, are increasingly struggling with much larger disruptions in the supply chain, than if they had routed cargo via the West Coast.
Of the trade lanes that have performed poorly in May 2024, Asia-Middle East has seen one of the largest Y/Y declines. Compared to the 2019 full-year average, the trade lane has seen the largest decline in schedule reliability, dropping below the pandemic lowest. This suggests that the Red Sea crisis is indeed having a strong impact on schedule reliability in the region.
--- 000 --- END OF PRESS RELEASE --- 000 ---
All quotes can be attributed to: Alan Murphy, CEO, Sea-Intelligence.
For more information, please contact: This email address is being protected from spambots. You need JavaScript enabled to view it., This email address is being protected from spambots. You need JavaScript enabled to view it., This email address is being protected from spambots. You need JavaScript enabled to view it.
Download press release in PDF | Download press release in Word | Download Excel file with the above chart(s) |