What is it?
An index representing the daily volume of twenty-foot equivalent unit (TEU) volumes being booked with ocean container lines for a specific country of origin, or a specific port within a country of origin. The index is calculated on a 10-day moving average, and is indexed to January 1st, 2019 using a baseline of 100 for each specific lane combination. For inbound volumes replace the O with an I.
A user can view the volume of TEUs being booked on both an inbound (IOTI) and outbound basis (OOTI).
Who is interested?
Anyone that has an interest in ocean container volumes that are being booked within a specific country of origin, or a port located within a specific country of origin.
What does it tell me?
This tells a user how much demand is currently being generated in the form of new bookings taking place with ocean container lines at a specific origin for ocean containers. Rather than relying on historical data being reported by ports or U.S. Customs for volumes that have already moved through a specific port, this gives the user insight into volumes before they ever depart the country or port of origin.
Example: A user wants to see the outbound ocean TEU volume being booked with ocean container lines in China that are moving outbound the United States.
Each granularity is indexed against itself, they do not aggregate (so US to China for instance would not be a sum of all US ports to China)
These are additional organizations of the OOTI:
- OOTIW – the percent change in OOTI from 7 days ago
- OOTIM – the percent change in OOTI from 28 days ago
- OOTIY – the percent change in OOTI from 1 year ago
For inbound volumes replace the O with an I.