Subscribe to our free, weekly email newsletter!


Logistics business: Panjiva data shows a 6 percent decrease in U.S.-bound shipments

By Jeff Berman, Group News Editor
October 18, 2010

Data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers, indicated that the number of global manufacturers shipping to the United States fell in September, following modest gains the past two months.

From August to September, U.S.-bound shipments were off by six percent at 1,054,994. In August, there was a 1 percent bump at 1,136,601 shipments, in July there was a 0.2 percent increase. While the number of U.S.-bound global manufacturing shipments was down, Panjiva said that there was not a single month in 2009 in which there were one million shipments, but over the last five months the one million shipment mark has been consistently eclipsed. 

On an annual basis, U.S.-bound shipments in September were up 12 percent compared to 939,436 shipments in September 2009.  And the number of U.S. companies receiving waterborne shipments from global manufacturers was down 6 percent in September, which is slightly higher than the 5 percent decline from both September 2009 and September 2008.

“This data is not terribly alarming,” said Panjiva CEO Josh Green. “It is in line with seasonal patterns we have seen in previous years. “I would have been surprised if the numbers looked better than they did.”

The most recent numbers appear to be in line with what appears to be a very slowly recovering economy, compared to earlier in the year, when inventory rebuilding had economic activity moving at a faster clip.

Green said in the next couple months, it is likely that the economy will continue to slow down, especially after the holiday season, when orders being placed today will be down from previous levels.

“For this holiday season, retailers probably slightly over-ordered, given what we now know about where consumers are in terms of their confidence level,” said Green. “Retailers will likely be scrambling to get rid of inventory and we will likely see some discounts, but it is not going to be like the massive inventory buildup we have seen in the past. Retailers were likely cautious but not cautious enough.” 

About the Author

Jeff Berman headshot
Jeff Berman
Group News Editor

Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

Falling 5.5 cents to $2.668 per gallon, this follows last week’s 5.9 cent decline for the lowest weekly average price going back to the week of October 14, 2009, when it was at $2.60 per gallon.

With the latest round of Trans-Pacific Partnership (TPP) negotiations in Maui, Hawaii ending without a deal, U.S. supply managers may be adjusting to other global sourcing strategies.

The PMI, the ISM’s index to measure growth fell 0.8 percent to 52.7 (a PMI of 50 or greater represents growth). PMI growth has been at 50 or higher for 31 straight months (with the overall economy growing for 74 months), and the current PMI is 1.7 percent below the 12-month average of 54.4.

The current status of FedEx’ planned acquisition of Netherlands-based TNT-NV and a provider of mail and courier services and the fourth largest global parcel operator for $4.8 billion, which was initially announced in April, remains in flux, with continued actions being taken by the European Commission.

Panjiva said that the 1 percent sequential growth was in line with typically flat growth from May to June, as higher monthly growth typically takes hold in July and August in advance of the holiday season.

Article Topics

News · Panjiva · Josh Green · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA