News
The Trans-Pacific Revenue Index for services bound for the west coast of North America and inland point intermodal (IPI) destinations was 88.39 points in July 2012, according to the Transpacific Stabilization Agreement (TSA).
The index went down by 1.45 points from the previous month’s 89.84, which was the first month-on-month decline in seven months, or since December 2011.
Meanwhile, the index for services destined to the east coast of North America and the U.S. Gulf Coast decreased by a minute 0.35 points from July to 79.80 points.
It also fell for the first time in seven months, or December last year, and failed to reach the 80-point line for the first time in 13 months, or since May 2011.
The TSA Revenue Index for services to the west coast of North America peaked at 114.75 points in August 2010, and the index for services to the east coast also reached a peak the same month at 101.02 points.
However, they both remained on the decline until late 2011, as the U.S. economy was not recovering as steeply as expected, adversely impacting container movement.
They began to pick up around late last year, but returned to a downward trend in July.
