News Release

Tuesday, 28 January 2014

MOL (America) Inc. Announces October-December 2013 Intermodal Transit On-Time Performance Results


January 28, 2014 – Lombard, ILMOL (America) Inc. announced intermodal transit on-time performance results for October-December 2013. MOL’s overall intermodal transit on-time performance was 56% for October-December 2013, for the three origin ports in Asia, to the six inland destinations in the United States.

The October-December 2013 results by origin/destination are:

Intermodal Transit On-Time Performance

October – December 2013

Service

Origin

Target

Atlanta

Chicago

Columbus

Dallas

Memphis

New York

PSX

Cai Mep

90%

50%

48%

14%

45%

85%

79%

PSX

Yantian

90%

50%

48%

14%

45%

85%

79%

PCX

Shanghai

90%

76%

58%

49%

70%

71%

27%

This indicator measures the on-time performance against the total transit time, including vessel and rail.

Intermodal Transit On-Time Performance is among the regional key performance indicators (KPI) posted on www.CountOnMOL.com.

 

Overall performance was impacted by:

·         Late arriving vessels.

The PCX (eight vessels at least 11 hours late) and PSX (seven vessels at least 16 hours late).

 

It should be noted that:

·         The PSX performance was 47% in October, 47% in November and 67% in December.

·         The PCX performance was 72% in October, 57% in November and 45% in December.

·         Our rail performance, measured independently from vessel performance, was 90% in these PSX lanes.

·         Our rail performance, measured independently from vessel performance, was 81% in these PCX lanes.

 

MOL will continue to work with our rail partners and address specifics of operation with the terminals to improve our performance. Please note that MOL also reports our vessel on-time performance in a separate quarterly report.

 

About MOL

Mitsui O.S.K. Lines, Ltd. (MOL) has the world’s largest ocean shipping fleet. Backed by experience and technologies developed over 130 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.

 

For more information, please contact:

Timothy Pajak, Corporate Communications Specialist, MOL (America) Inc.
Tel: 1-630-812-3844
   Fax: 1-630-812-6443  Email: timothy.pajak@mol-liner.com