Subscribe to our free, weekly email newsletter!


Panjiva data shows 4 percent gain in U.S.-bound shipments from July to August

By Jeff Berman, Group News Editor
September 23, 2011

While the global economy remains firmly entrenched in a holding pattern, data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers, showed a seasonal increase in the number of United States-bound waterborne shipments for the fourth time on the last five months.

Panjiva saw a 4 percent gain in U.S.-bound shipments from July to August, with shipments at 1,123,748. This was preceded by a 5 percent increase from June to July, 7 and 8 percent gains in April and May, respectively, and a 1 percent dip in June. Compared to August 2010, shipments were down 1.4 percent.

The number of global manufacturers shipping to the U.S. in August at 150, 714 was 2 percent better than July’s 147,759. This is flat compared to the 2 percent gain from June to July and in line with previous July to August changes of 1 percent in 2010 and 2009, respectively, and -1 percent in 2008 and 2007, respectively.


July at 149,759 represented a 2 percent increase from June. Panjiva said this is in line with a flat gain from the same period a year ago and 7 percent and 6 percent gains, respectively, in 2009 and 2008.

“All things considered, this [data] is pretty good news,” Panjiva CEO Josh Green told LM. “It is better than expected, given the various economic headwinds.

August has consistently been the peak month, which Green said suggests that declines over the next several months are likely.

Looking at last year, August was the peak month and followed by steady declines through February, down roughly a cumulative 25 percent over that period.

“What is interesting is that the August numbers are healthy given the economic headwinds, and these numbers reflect decisions that were made in the midst of economic turmoil,” said Green. “Despite that turmoil, it looks like retailers…were actually betting on a healthy holiday season. That is encouraging, but it also sets up a high-risk scenario, because if a the holiday season ends up not being so healthy, we are going to see a lot of people stuck with inventory and the plunge in early 2012 will be steep.”

Looking at shipment numbers on a year-to-date basis, Green said they are currently tracking about 1 percent behind 2010, which is decent considering how strong the first half of 2010 was due to heavy inventory rebuilding activity.

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

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.

UPS said this week that it has added significant space to some of its North America-based distribution facilities, which the company increases the total size of its supply chain solutions network size by roughly 1.2 million square-feet. The company’s total global supply chain solutions network is comprised of 596 facilities and about 32.8 million square-feet. UPS offers various services at these facilities, including: warehousing and fulfillment inventory, transportation and returns management; custom kitting and packaging; and store-ready displays.

A week ago, the average price per gallon of diesel gasoline saw its steepest decline in more than two years, when it fell 7 cents to $3.535. This week took that decline a step further, with the Department of Energy’s Energy Information Administration (EIA) reporting that the average price this week fell 11.6 cents to $3.419 per gallon.

With an eye on further expansion of its e-commerce business and related reverse logistics processes, transportation and logistics bellwether FedEx last night announced it has inked an agreement to acquire Pittsburgh-based GENCO, a third-party logistics (3PL) services provider specializing in product lifecycle and reverse logistics.

Article Topics

News · Global Logistics · Logistics · Trade · Panjiva · 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