PUBLISHER: Container News (www.container-news.com)
The Danish provider of research & analysis, data and advisory services within the global supply chain industry, Sea-Intelligence has conducted a survey to see whether schedule reliability is related to freight rates.
The company analysed the relationship between those two, aiming to see whether periods with high schedule reliability resulted in higher freight rates.
“Whenever there is talk of schedule reliability, shippers have complained about the general lack of service quality in the industry. One debate that often then comes at the forefront, is whether shippers are at all willing to pay a premium for better schedule reliability,” noted Alan Murphy, CEO of Sea-Intelligence.
Sea-intelligence did the analysis across seven port-pairs, using its own schedule reliability data and freight rate data obtained from World Container Index (WCI).