PIERS Issues Unprecedented Report on NVOCC Growth
By Piers, PRNETuesday, June 21, 2011
NEWARK, New Jersey, June 22, 2011 -
After taking a detailed look at the Non-Vessel Operating Common
Carrier (NVOCC) market, PIERS, The Standard in Trade Intelligence,
announced today it has issued an exclusive report titled “PIERS
NVOCC Analysis” that documents NVOCC growth since 2006. The report
is now available for
download.
(Logo:
)
The report concluded that as U.S. trade with the rest of the
world has grown explosively during the past decade, the NVOCC
industry has grown even more rapidly. This growth can be attributed
to several factors, but at the core, NVOCCs have grown because they
facilitate the international transport of relatively small shipment
lots that would otherwise be less likely to move across borders in
the ocean freight system.
“Ultimately, the report provides a wealth of information and
highlights the growth of NVOCCs as a major force in the
transportation supply chain. NVOCC volume is outpacing
general market trends and we anticipate this trend to continue,”
said PIERS Vice President, Jeff Campbell.
According to the report, during the 2006-2010 period, total U.S.
inbound liner shipping volumes declined by 2.8 percent per year on
an average. However, volumes moving under a NVOCC flag increased by
4.2 percent per year from 2006-2010.
NVOCCs also outperformed total trade in terms of value. In 2006,
NVOCCs captured 28.2 percent of inbound liner shipments by value
and 33.5 percent in 2010. Annual average growth of trade in terms
of value was 0.6 percent from 2006-2010 compared to a 3.7 percent
annual decline for total trade.
PIERS’ dynamic NVOCC data offers marketing and sales
professionals, as well as analysts and other leaders in the
industry, unique and customized insight into the performance of the
NVOCC market and can be used to determine the underlying factors of
its growth as well as its impact on your business. Visit
for more information on how PIERS can help those in the
transportation industry.
About PIERS
PIERS is the most comprehensive database of U.S. waterborne
trade activity in the world providing information services to
thousands of subscribers globally. Launched more than 35 years ago,
PIERS was the first venture in digital global trade intelligence
and quickly became the industry standard for accuracy, reliability
and insight. Our unique infrastructure and proprietary
technology allow us to not only publish import data but also
complete coverage of U.S. export transactional data.PIERS is a
division of UBM Global Trade, and a sister company of The
Journal of Commerce. For more information, visit
800-952-3839 (+1-973-776-8660).
Raquel DiNicolas, PIERS - UBM Global Trade, +1-973-776-7836, rdinicolas at piers.com
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