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

Kurt Nagle, president and CEO of the American Association of Port Authorities recently voiced his endorsement of this trade legislation

While many auto executives expect more industry recalls in 2015 and 2016, just 8 percent use advanced predictive analytics to help prevent, prepare for, and manage recalls, according to a recent online poll from Deloitte.

Purolator white paper highlights common Canadian shipping mistakes. From failing to appreciate the complexity of the customs clearance process to not realizing that Canada recognizes both French and English as its official languages, U.S. businesses frequently misjudge the complexity of shipping to the Canadian market. This often results in mistakes - mistakes that can come with hefty penalties and border clearance delays, and that can result in lingering negative perceptions among Canadian consumers.

At a certain point, it seems like the ongoing truck driver shortage cannot get any worse, right? Well, think again, because of myriad reasons we could well be in the very early innings of a game that is, and continues, to be hard to watch. That was made clear in a report issued by the American Trucking Associations (ATA), entitled “Truck Driver Analysis 2015.”

Coming off of 2014, which in many ways is viewed as a banner year for freight, it appears that some tailwinds have firmly kicked in, as 2015 enters its official homestretch, according to Rosalyn Wilson, senior business analyst at Parsons, and author of the Council of Supply Chain Management Professionals (CSCMP) Annual State of Logistics (SOL) Report at last week’s CSCMP Annual Conference in San Diego. The SOL report is sponsored by Penske Logistics.

Article Topics

News · Panjiva · Josh Green · All topics


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