Subscribe to our free, weekly email newsletter!


Panjiva data shows a 2 percent decrease in U.S.-bound shipments from October to November

By Jeff Berman, Group News Editor
December 22, 2010

Data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers, stated that the number of waterborne shipments entering the United States fell two percent from October to November.

This marks the third straight month U.S.-bound waterborne shipments have declined, following 7 percent and 2 percent declines from August to September and September to October, respectively, according to Panjiva.

But even though shipments were down, the number of global manufacturers shipping to the U.S. increased from October to November—at 147,578 for a 4 percent increase— along with the number of U.S. companies receiving waterborne shipments from global manufacturers—at 131,068 for a 5 percent gain.

“What we are seeing now is the typical seasonal trajectory,” said Panjiva CEO Josh Green in an interview. “What is going to be more telling in the next couple of months is how steep the drop is, with typically February being the bottoming out month for how low it will go.”

Green said what happens at that point will be an indication of how confident retailers are feeling heading into 20111, adding that it is too soon to draw any conclusions. And he said many eyes will be on consumer spending levels for December and shipping data in the February-March timeframe to get a better view as to what retailers took from the holiday season this year.

Earlier this year, Green said there was a concern that retailers were piling up too much inventory, coupled with a lack of evidence that consumers would come out and spend in a meaningful way this holiday season. But it now appears that based in initial numbers that consumer spending was solid, and that retailers projections for inventory levels were on target.

“Retailers are not facing inventory shortages and did not over-buy in a significant way, which was nice to see,” said Green.

Heading into the first quarter of 2011, Green said the most interesting metric to monitor will be the August to February delta for the number of shipments. From August 2009 to February 2010, shipments were down 11 percent, according to Panjiva. And from August 2008 to February 2009, there was a 36 percent drop in the number of shipments, which Green described as the “cataclysm” number.

“Last year’s number at 11 percent is roughly about where we are right now, so it will be somewhat worse than last year in terms of the drop-off, and what that reflects is uncertainty around where consumer sentiment is going to be,” noted Green. “But combining so far what we are seeing with the shipping data, combined with the consumer side, I am feeling more optimistic than I was a couple of months ago.”

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 · Panjiva · Josh Green · 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