Subscribe to our free, weekly email newsletter!


Panjiva data shows seasonal economic growth amid long-term concerns

By Jeff Berman, Group News Editor
June 16, 2011

Data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers, showed solid economic growth on a seasonal basis from April to May.

Following a 7 percent gain in shipments from March to April, April to May showed an 8 percent increase at 1,037,365, said Panjiva.  The number of global manufacturers shipping to the U.S.—at 147,876 was up 6 percent, matching a 6 percent increase from March to April. Both shipments and manufacturers were down 1 percent, respectively, year-over-year.

While both shipments and the number of global manufacturers shipping to the U.S. are up over the last two months, concern over a possible double-dip recession remains heightened in recent weeks, due to energy prices, high unemployment and several other factors.

“I would describe this data as solid but seasonal growth,” said Panjiva CEO Josh Green. “If you look back on previous years from April to May, we always see growth. In 2008, April to May growth was up 6 percent and up 3 percent in 2009, and in 2010 it was 12 percent. As healthy as 8 percent is, it is still not on the level we saw a year ago at this time.”

Even though there was growth from April to May, Green said that this type of output was expected due to seasonal variations.

But he said that with the various reports of negative economic news at the moment, there are companies shifting into the mode of making purchases for the holiday season amidst these reports, which could lead to flat shipping trends throughout the third quarter and into the fourth quarter.

“There is a lot of caution across the board regarding the economy at the moment,” said Green.

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

When railroads are doing business with a larger than large customer like UPS, it stands to reason, it can often be the best, and worst, of both worlds, depending on how things are going. That was one of the main takeaways from a presentation by UPS Vice President of Corporate Transportation Services Ken Buenker at this year’s RailTrends conference in New York.

While many market conditions are working against shippers, the most recent edition of the Shippers Condition Index (SCI) from freight transportation consultancy FTR shows that things may be improving, albeit slowly.

Newsroom Notes takes a look at some of the biggest stories and themes in logistics for 2014.

Even though China’s costs have risen and the U.S. has now surpassed Mexico as the preferred locale for relocating offshored manufacturing, advantages can be fleeting and the challenges great

Memphis-based FedEx reported solid fiscal second quarter earnings results today. Quarterly net income of $616 million was up 23 percent annually, and revenue, at $11.9 billion, was up 5 percent. Operating income at $1.01 billion was up 22 percent.

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