Panjiva data shows a 14 percent decline in U.S.-bound shipments from November to December

In another sign that the pace of the economic recovery remains bumpy, data from Panjiva noted that the number of waterborne shipments entering the United States dropped 14 percent from November to December.

By ·

In another sign that the pace of the economic recovery remains bumpy, data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers, noted that the number of waterborne shipments entering the United States dropped 14 percent from November to December.

This follows a 2 percent decline from October to November and marks the fourth straight month U.S.-bound waterborne shipments have been down.

December shipments came in at 868,365, following November’s 1,013,564, said Panjiva officials.

And with U.S.-bound waterborne shipments down, the number of global manufacturers also dipped, falling 9 percent from November to December to 118,728, which was ahead of previous declines, including 1 percent and 5 percent decreases in 2007 and 2008, respectively, according to Panjiva. The company also pointed out that the previous high for global manufacturers shipping to the U.S. was a 10 percent drop in February 2009.

In an interview with Modern, Panjiva CEO described December’s data as grim.

“These numbers, though, are not terribly surprising,” said Green. “We would definitely expect to see seasonal declines from August-September down through February. But the decline was pretty steep, and my read on it is that these are the shipments that were the result of orders placed before the holiday season. What was going on, was that people did not know how the holiday season was going to turn out, and nobody wanted to be receiving a lot of inventory after that until they had more clarity about what direction the economy was going in.”

Green added that it was hard for companies to look past the holiday season and as a result did not order significant quantities for post-holiday season, with the result being a significant November to December drop-off.

Early into this year, Green said the most businesses are confident that the economy is in a stable place as far as demand goes, with more concern focusing on the trajectory of costs of things like labor and raw materials, which are heading up, and pose a concern that consumers are not going to accept price increases, with businesses having to accept lower margins.

“That is the greater concern right now, with demand somewhat stabilizing and is a nice change from where we have been,” said Green.


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!

Article Topics

Manufacturing · Panjiva · Retail · Supply Chain · All Topics
Latest Whitepaper
The Essential Guide to High Value, Low TCO WMS on the Fast Track
A warehouse could become your weakest link if you can’t execute with speed and accuracy. Your bottom line will be negatively impacted, so will your customer’s experience, and they are only one click away from buying from your competitors!
Download Today!
From the November 2017 Logistics Management Magazine Issue
An inside look at how a large pharmaceutical firm transformed its vendor and supplier relationships into true, collaborative partnerships—and greatly strengthened its logistics and supply chain operations in the process.
34th Annual Quest for Quality Awards: 2017 Awards Dinner
Trucking Regulations: Washington U-Turns; States put hammer down
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Logistics Showcase: Rising to the same-day delivery challenge
Today’s delivery puzzles are very different than traditional DC to store or warehouse to DC puzzles. It’s not just the shorter time frame for delivery; the basic requirements are significantly different and more complex as well. In this session you'll learn how to address same day delivery challenges while also driving down costs and increasing customer satisfaction.
Register Today!
EDITORS' PICKS
2017 NASSTRAC Shipper of the Year: Mallinckrodt; Mastering and managing complexity
An inside look at how a large pharmaceutical firm transformed its vendor and supplier relationships...
2017 Alliance Awards: Recognizing outstanding supply chain partnerships
In an era where effective supply chain collaboration is both highly valued and elusive, Logistics...

26th Annual Study of Logistics and Transportation Trends: Transportation at Digital Speed
While a majority of companies strongly agree that transportation is a strategically important...
34th Annual Quest for Quality Awards: Winners Revealed
Which carriers, third-party logistics providers, and North American ports have crossed the service...