Second NVOCC Report from PIERS Provides Key Comparisons Between 2010 and 2011
Published:20 May 2015 01:05:40 PST
PIERS has once again taken a detailed look at the Non-Vessel Operating Common Carrier (NVOCC) market in a comprehensive new report titled NVOCC Market Report – Import Market Dynamics.
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 free download NVOCC Market Report – Import Market Dynamics.