CargoSmart: Nine Trades See Drop in November Schedule Reliability
- Business & Finance
Nine of the 12 trades saw a decrease in schedule reliability from October 2017 to November 2017, intelligence provider CargoSmart informed.
The North America-Oceania trade, which had the highest reliability in previous months, experienced the largest decrement in reliability, decreasing by 24.8% from 86.2% in October 2017 to 61.4% in November 2017.
The Europe-Middle East trade experienced the largest improvement in reliability, increasing by 9.8%, from 63.3% in October 2017 to 73.1% in November 2017.
The Europe-South America trade had the highest reliability with 83.8% in November 2017.
Carriers’ overall on-time schedule reliability decreased by 0.6%, from 67.6% in October 2017 to 67% in November 2017. The top five most reliable carriers in November 2017 were CCNI, Safmarine, OOCL, Evergreen, and COSCO with an average on-time performance of 77.8%, 75.4%, 74.3%, 73.9%, and 73.5% respectively.