The latest Seaexplorer Schedule Reliability Report for Kuehne+Nagel's ocean freight logistics indicates a decline in global on-time performance, dropping to 47.1% in January 2024, with an average delay of two days for all vessels.
According to the freight forwarder’s data, it is the third consecutive month that schedule reliability has declined.
“It is worth noting that last month's downturn was more significant than in the previous two months,” K+N says.
“On-time performance declined 9.6% month-on-month (m-o-m) to 47.1% in January.
“Similar levels were last seen in September 2022.”
A year-on-year comparison reveals a difference of 5.7 % from January 2023 to the present.
“Despite the significant decline in global on-time performance, the average arrival delay of late vessels increased by 0.2 days m-o-m.”
The m-o-m increases in November and December 2023 were also 0.2 days, K+N pointed out.
The average delay of late vessels in January 2024 was 0.5 days lower than in January 2023.
