NEWARK, N.J., Aug. 9, 2012 /PRNewswire-Asia/ -- PIERS, The Standard in Trade Intelligence, announced today the "PIERS Capacity Utilization Report: Full year, 2011 vs. 2010" has been pre-released exclusively to their social media followers.
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Capacity utilization refers to the load factor of matching ocean carrier supply with shipper demand. Efficient matching of supply and demand requires accurate, up-to-date market information. PIERS dynamic import/export data offers industry analysts, C-suite executives, marketing professionals and those involved in the logistics industry, a unique and deep insight into global capacity utilization statistics and trends.
Capacity utilization analysis is a critical factor in determining both long-term contract freight rates and short-term spot rates for fully cellular vessels. PIERS capacity data shows that aboard fully cellular vessels, total international container trade volume inched up by just 2.3 percent while net additions to capacity amounted to 8.1 percent.
Want to know how ocean carriers are reacting to shipper demand volatility? Need to see which regions are seeing the most balanced supply and demand load factor? Join us on social media for immediate access to download the full report.
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 www.PIERS.com, or call 800-952-3839 (+1-973-776-8660).
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