Subscribe to our free, weekly email newsletter!


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

By Jeff Berman, Group News Editor
January 24, 2011

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 LM, Panjiva CEO Josh Green 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.

For more articles on Panjiva, 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

In the third-party logistics (3PL) sector, the ongoing trend of merger and acquisition (M&A) activity never seems to take a break. That is apparent in recent weeks alone, with XPO Logistics recent acquisition of Norbert Dentressangle for $3.53 billion, Echo Global Logistics scooping up Command Transportation for $420 million, and Kuehne+Nagel buying ReTrans for an undisclosed sum.

During this webcast attendees will learn about technology that is delivering real-time tracking on freight and putting an end to the all too common question of “Where’s My Brokered Load?”. Whether you’re a broker, 3PL, shipper, or carrier, find out how you can gain automated, TMS-integrated visibility on all your shipments.

FedEx recently took another step in its plans to acquire Netherlands-based TNT-NV and a provider of mail and courier services and the fourth largest global parcel operator for $4.8 billion, which it announced in early April. The company said it has “submitted the required filing to the European Commission to obtain regulatory clearance in connection with the intended recommended public cash offer all issued and outstanding ordinary shares in the capital of TNT Express.”

The American Trucking Associations last week praised Senator Deb Fischer (R-Neb.) for her bill that takes some positive steps towards alleviating the current environment regarding the truck driver shortage.

Global third-party logistics (3PL) services provider Kuehne+Nagel (KN) said this week it has entered into an agreement to acquire ReTrans Inc., a Memphis-based provider of multimodal transportation services.

Article Topics

News · Supply Chain · Manufacturing · Panjiva · Retail · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA