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

Getting items ordered online to your home on a same-day basis is as important or relevant as it needs to be, and it depends on things like the type of products being ordered and its relative urgency as well. This was put into better perspective for me during a recent conversation I had with Dr. Victor Allis, CEO of Quintiq, a supply chain vendor specializing in a single optimization and planning platform.

Diesel prices dropped for the third straight week, with the average price per gallon seeing a 2.5 percent decline to $3.869 per gallon, according to the Department of Energy’s Energy Information Administration (EIA).

Seasonally-adjusted (SA) for-hire truck tonnage in June dropped 0.8 percent on the heels of a revised 0.9 percent (from 1.0 percent) increase in May and was up 2.3 percent annually.

Even as Congress was putting the finishing touches on a 10-month short-term funding extension to the federal aid highway bill that temporarily averts a funding crisis, Transportation Secretary Anthony Foxx was ripping the measure as a short-term “gimmick” that once again fails to adequately fund U.S. infrastructure needs in the long run.

ISI is comprised of Integrated Services, ISI Logistics and ISI Logistics South and is focused on the warehousing and transportation needs of automotive shippers. RRTS said that in 2013, Integrated Services generated revenues of approximately $21 million adding that Integrated Services is expected to be accretive to Roadrunner’s earnings in 2014.

Article Topics

News · Supply Chain · Manufacturing · Panjiva · Retail · 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