In 2019 the most reliable of the 13 top global carriers each month has not been the most reliable with more than 30% of the trade lanes in which they had a product that was available. To give context, we compare consistency of the schedule across 34 trade lanes of the GLP report.
What makes it possible that a transporter can be considered to be the most trustworthy overall if they’re not trustworthy in the two thirds of trades they facilitate? The answer is in their reliability – these companies always ranked placed in the top five of the most reliable international carriers for half-to-80% of trade lanes. In essence, if they were not the first choice, they came in third or 2nd, most of the time at or above the 5th highest level of reliability on any given trade lanes.
It is easy to grasp each month, but it becomes more complicated when you need to determine the relative reliability of schedules for a long time. What is the best performer one that’s 1st in half of the trade lanes, but 8th in the other 50% of trade lanes over six months, or one who is not 1st yet is 3rd on 100 percent of trade lanes during the time period?
To determine this over the span of Jan-Sep 2024, we created the composite score. For each carrier around the world we calculated their percentage of times they were ranked first, second, third or 3rd, etc. in the trade lanes. Each time they placed 1st was assigned an score of 1.0 and every time they were ranked second and so on, they were given scores of 0.9 then on up to they scored 0.1 that was given for each time they placed 10th on a trade lanes. Scores were then multiplied, and the results illustrated in Figure 1.
Maersk was in the highest of the composite ranking, having been ranked first in a trade lane 16 percent of the time. It was also inside the top-3 of 44% of times. ZIM was next, being 1st for 17percent of the time and was in the top three with 39% of the times. CMA CGM, MSC, and PIL completed the top 5 and ONE was on the bottom of the list with the lowest average score. One was placed 1st in the trade lane for only 22% of the time and was also in the top three 30 percent of the time.
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Source: The Plantations International Agroforestry Group of Companies