Subscribe to our free, weekly email newsletter!


Panjiva data shows 15 percent shipment decline from January to February

By Jeff Berman, Group News Editor
March 11, 2011

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 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 it comes to Congress actually getting its act together on a new long-term federal transportation bill, things remain as status quo as it gets, with the big takeaway being nothing really ever gets done, when it comes to passing a badly overdue and needed bill, rather than these band-aid extensions Congress keeps signing off on.

Truckload and intermodal pricing was up on an annual basis, according to the December edition of the Truckload and Intermodal Cost Indexes from Cass Information Systems and Avondale Partners.

While the official numbers won’t be issued until early February in its quarterly Market Trends & Statistics report, preliminary data for the fourth quarter and full-year 2014 intermodal output from the Intermodal Association of North America (IANA) indicates that annual growth was intact.

Almost all companies today are aware of their labor or material costs... but what about energy consumption? It all comes down to having the energy data needed to determine what actions you must take to improve. The payoff is worth it, as insight into energy data allows you to make more valuable, relevant operating decisions.

With lower energy prices sparking domestic economic gains, coupled with solid manufacturing and industrial production activity, improving jobs numbers, and a GDP number that shows progress, there is, or there should be, much to be enthused about when it comes to the economy and the economic recovery, which has been raised and discussed and dissected from basically every angle possible, it seems. But that enthusiasm regarding the economy needs to be tempered, because big headline themes seldom tell the full story at all really.

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