Subscribe to our free, weekly email newsletter!


Logistics business: Panjiva data shows a 9 percent gain in U.S.-bound shipments

By Jeff Berman, Group News Editor
June 18, 2010

On the heels on consecutive 3 percent gains in the number of global manufacturers shipping to the United States in March and April, May saw that number climb to 9 percent, according to data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers.

And on a year-over-year basis, the most recent 9 percent April to May gain tops last year by 13 percent—due to the economy not being in recovery mode at that time.
Panjiva officials said the total number of global manufacturers shipping to the U.S. in May was 149,163, a 13 percent annual gain and a 7.9 percent gain over April’s 137,303.

Panjiva also said that there was a 21 percent annual increase in the number of waterborne shipments coming into the U.S. in May and an 8 percent bump from April.

In an interview with LM, Panjiva CEO Josh Green said he was pleasantly surprised and encouraged by May’s output.

“What we are seeing now is the result of growing confidence on the part of businesses that consumers will increase their willingness to spend,” said Green. “It is very good news, and it would be very easy to overreact and believe that the recovery is moving full speed ahead. I don’t think we are there yet. And what is happening in Europe is the ‘X factor’ right now and rising prices in China are going to dampen the global economic recovery in the next six months.”

While increased demand for services is helping to boost trade and freight transportation volumes, in conjunction with consumer spending, there is some sentiment that this momentum may have peaked with the first half inventory build up coming to an end.

And with slow and steady growth being the theme—as noted in Panjiva’s data—in recent months, Green said that the second half of this year will grow, albeit at a modest pace.

“We were surprised by the magnitude of the jump in May, but that does not change the outlook over the next several months which is modest growth and certainly that growth could be put in jeopardy by a number of ‘X factors’ that are ongoing like the financial crisis in Europe.”

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

As was the case for the second quarter, third quarter earnings results for publicly-traded less-than-truckload (LTL) carriers are again strong. Signs of solid earnings results from carriers that have posted earnings to date include tonnage increases, gains in weight per shipment and average daily shipments, higher yield, and revenue per hundredweight.

While the holiday season is known to bring good tidings and cheer to all, it may also come with another thing that is not so pleasant: higher rate freights. That was the thesis of a commentary written by Mark Montague, industry pricing analyst and chief market-watcher for DAT, a Portland, Ore.-based subsidiary of TransCore.

Earlier this week, FedEx said it is expanding its International First service for early deliveries with the addition of 31 new origin countries, which will bring the total number of origin markets for the service to 97.

Monday, December 22 is pegged as UPS's peak delivery day, as the company expects to deliver more than 34 million packages that day, adding that it expects to see six days in December top last year’s peak shipment day delivery record of 31 million packages.

The time has come again for less-than-truckload (LTL) general rate increases (GRI), with various carriers recently announced their respective rate hikes in recent days.

Article Topics

News · All topics

Comments

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


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA