Panjiva data shows 15 percent shipment decline from January to February

While it was not unexpected, data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers, indicated that the number of United States-bound waterborne shipments dropped 15 percent from January to February.

By ·

While it was not unexpected, data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers, indicated that the number of United States-bound waterborne shipments dropped 15 percent from January to February.

The decline follows a 17 percent uptick from December to January, a 14 percent decrease from November to December, and a 2 percent drop from October to November. U.S. waterborne shipments have been down on a sequential basis in five of the last six months.

February shipments came in at 864,632 for a 15 percent decline from January’s 1,018,854. This tally was 2 percent less than February 2010.

The number of global manufacturers shipping to the U.S. in February was 131,185 for an 8 percent drop-off. This is steeper than 2010’s 3 percent decline but less than 2009’s 10 percent decrease. The number of manufacturers shipping to the U.S. was up 7 percent from January to February, down 14 percent from November to December and down another 2 percent from October to November.

“This is a seasonal decline and it is nothing to be too concerned about,” said Panjiva CEO Josh Green in an interview. “It is perhaps a little steeper than what we would have expected, but February has a few things working against it: 1-from a seasonal point of view, it tends to be a low point for global trade; 2-it is a shorter month, with fewer shipments coming in; and 3-it is the Chinese New Year.”

Shipments that might have come into the U.S. in February could have been squeezed into February, and that accounts for some of the surprisingly good results in January, said Green.

When assessing Panjiva’s numbers and global trade data from other sources, too, Green explained that January and February combined present a relatively positive indicator of where things stand regarding the global economy.

“Panjiva January and February 2011 shipments compared to January and February 2010 are up 5 percent,” he said.

And with the overall economy still fragile, coupled with increasing oil and gas prices, which has the potential to impact consumer spending, and solid manufacturing and industrial production growth, the overall economic recovery is a bit of a mixed bag at the moment.

In terms of how these factors could impact the pace of the recovery and global trade conditions, Green said that he is still reasonably optimistic, with steady growth still expected. And the modest upticks in consumer sentiment also suggest a relatively stable environment, albeit not one which suggests rapid growth either, which should be reflected in future data.

“If we don’t see that, it could be a surprise, but sustained and significant increases in the price of oil and additional geopolitical shocks could certainly derail that, but my hunch is that over the next several months we will see slow and steady growth in world trade,” said Green.

Going forward, the benchmark for growth, according to Green, is staying ahead of 2010 levels. And in order to hit that. 5 percent growth from February to March is needed.

For related articles, please click here.


About the Author

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. Contact Jeff Berman

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!

Latest Whitepaper
Just Released: Understanding Hazmat Transportation Management
The rules and regulations governing the transportation of hazardous materials (hazmat) are complex.
Download Today!
From the July 2017 Logistics Management Issue
E-commerce continues to fuel a boom that’s tempered by overcapacity, rate pressures, sluggish demand and political doubt. The result: “cognitive dissonance” that finds a $1.4 trillion market scratching its head.
2017 Truckload Brokerage Roundtable: Technology continues to connect the dots
Cloud Transportation Management Systems (TMS): Weis Markets streamlines “both sides” of the DC door
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Getting the most out of your 3PL relationship
Join Evan Armstrong, president of Armstrong & Associates, as he explains how creating a balanced portfolio of "Top 50" global and domestic partners can maximize efficiency and mitigate risk.
Register Today!
EDITORS' PICKS
28th Annual State of Logistics: Into the great unknown
E-commerce continues to fuel a boom that’s tempered by overcapacity, rate pressures, sluggish...
2017 Top 50 3PLs: Investment and Consolidation Maintain Traction
The trend set over the past few years for mergers and acquisitions has hardly subsided, and a fresh...

The Evolution of the Digital Supply Chain
Everyone is talking about terms like digitization, Industry 4.0 and digital supply chain management,...
2017 Salary Survey: Fresh Voices Express Optimism
Our “33rd Annual Salary Survey” reflects more diversity entering the logistics management...