May 24, 2012 – Lombard, IL –MOL (America) Inc. today announced that it has began public disclosure of its ratio of U.S. to Asia export cargo that misses vessel connections due to rail errors.
MOL has established a performance standard to keep such missed vessel connections below 1%, and has added “Missed Vessel Connection Due to Rail Error Ratio” to the list of Regional key performance indicators (KPI) it discloses to customers on www.CountOnMOL.com. On a monthly basis, MOL will release the results, which measure the percentage of containers that in-gate prior to published intermodal inland cut-offs for all U.S. West Coast strings but miss the vessel connection due to a rail failure.
“We understand that realistically there will always be a few misses, but MOL considers any miss of the vessel connection to be a serious problem,” said Richard Craig, senior vice president of operations. “We believe that our standard is a very bold one for the industry but that it is an achievable result based on our strong relationship with our railroad partners.”
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U.S. TO ASIA EXPORT MISSED VESSEL CONNECTIONS
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KPI
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TARGET
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FEB. 2012
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MAR. 2012
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APR. 2012
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U.S. to Asia Export Missed Vessel Connections Due to Rail Errors
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Less Than 1%
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1.1%
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0.8%
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1.0%
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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.
For more information, please contact:
Timothy Pajak, Corporate Communications Specialist
MOL (America) Inc.
Tel: 1-630-812-3844 / Fax: 1-630-812-3813
Email: timothy.pajak@mol-liner.com
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