Second NVOCC Report from PIERS Provides Key Comparisons Between 2010 and 2011By Piers, PRNE
Monday, September 19, 2011
NEWARK, New Jersey, September 20, 2011 -
- New Macro-Assessment of Inbound Ocean Liner Shipping Trades Released
PIERS, The Standard in Trade Intelligence, has once again taken a detailed look at the Non-Vessel Operating Common Carrier (NVOCC) market in a comprehensive new report titled “PIERS NVOCC Market Report - Import Market Dynamics 1H-2011 vs. 1H-2010.”
Following June’s report, “PIERS NVOCC Analysis,” which documented NVOCC market growth overall, the second report delves specifically into the U.S. inbound liner shipping trades during the first half of 2011 compared with the first half of 2010. This snapshot comparison of NVOCC performance in these two time periods is examined by both region and carrier.
“NVOCCs have been very successful and control a significant portion of the containerized cargo in U.S. foreign waterborne trade. This report enables users to track NVOCC growth and address questions they might have on their impact on quality of service, inland service, cargo consolidation and documentation,” said PIERS Vice President, Jeff Campbell. “This report is an example of the many ways users can analyze various markets through PIERS data.”
According to the report, overall growth of NVOCCs in 1H-2011 was moderate and exceeded total trade growth in terms of volume and value. NVOCCs earned slight increases in market share for both measures. Regional performance was mixed, with positive growth in the largest volume markets. But in terms of value, market share receded in many markets with the exception of the largest Transpacific and Transatlantic markets. The report is available for purchase online for $99.
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 www.piers.com/transportation for more information, or join us on Facebook, LinkedIn and Twitter to discuss these findings.
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 www.PIERS.com, or call +1-800-952-3839.
Raquel DiNicolas, PIERS - UBM Global Trade, +1-973-776-7836, rdinicolas at piers.com
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