MOL (America) Inc. announces Jan-Mar intermodal transit on-time performance results
According to intermodal transit on-time performance results for January-March 2013 of MOL (America) Inc., overall intermodal transit on-time performance was 71% for January-March 2013, for the three origin ports in Asia, to the six inland destinations in the United States.
MOL did not perform at or above the 90% target for any of the origin/destination combinations in January-March 2013. However, the result for the PSX to Memphis was 87% and the result for the PCX to Dallas was 86%.
Overall performance was impacted by:
· Late arriving vessels. PCX (three vessels at least 20 hours late and one vessel 87 hours late) and PSX (two vessels 40 hours late).
· Chassis shortages, shortened work weeks due to holidays, labor disruptions and increased IPI volume due to labor concerns. These issues were most pronounced around and after the holidays and took a period of time to catch up with the backlog. Overall intermodal transit on-time performance improved in February (88%) and March (81%) versus January (49%).
The PSX met the 90% KPI target in February and was 86% in March after performance was 46% in January.
MOL noted that rail performance, measured independently from vessel performance, was 97% in these PCX lanes. Rail performance, measured independently from vessel performance, was 97% in these PSX lanes.
About MOL
Mitsui O.S.K. Lines, Ltd. (MOL) has the world’s largest ocean shipping fleet. Backed by experience and technologies developed over 128 years, MOL moves today’s global economy. MOL operates specialized bulk carriers for iron ore, coal, and woodchips; tankers that transport crude oil and LNG; car carriers; cruise ships; ferries and coastal liners; and containerships that deliver a variety of finished products as part of the largest and most diverse global network of liner and logistics services. MOL (America) Inc. is a wholly-owned subsidiary of MOL.
