Subscribe to our free, weekly email newsletter!


Panjiva data shows decline in U.S. bound shipments from January to February

By Jeff Berman, Group News Editor
March 21, 2012

Data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers, found that both United States-bound waterborne shipments and the number of manufacturers shipping to the U.S. from January to February declined, following gains from December to January.

A major reason for the sequential decline was the Chinese New Year, which results in China-based factories closing for a week or more during that time of year—in January or February—which can have an adverse effect on trade data.

For U.S.-bound waterborne shipments, Panjiva reported a 20 percent decrease from January’s 1,067,355 to February’s 855,947. On an annual basis, February shipments were down 1 percent compared to February 2011’s 864,632. And sequentially, this is behind a 12 percent gain from December to January, a 7 percent decrease from November to December and a 0.2 percent gain from October to November.

On the manufacturer side, Panjva reported a 12 percent decrease in the number of global manufacturers shipping to the U.S., with February’s 128,244 down from January’s 145,520. Compared to February 2011, which saw 131,185 manufacturers ship to the U.S., February 2012 was down by about 2.2 percent.

Panjiva CEO Josh Green said that while the January to February shipment and manufacturer numbers were respectively down, due to the Chinese New Year, he said it is best to look at data from January and February cumulatively to see how it compares to the same period for the previous year.

“January and February [shipments] of this year is up about 2 percent annually,” said Green. “That actually is a meaningful comparison, because Chinese New Year, depending on when it falls, can push more volume into January or into February, but realistically that is not providing a real sense of the trajectory of global trade.”

Cumulative shipments for January and February 2012 came in at 1,923,302, and for January and February 2011 shipments were 1,880,486

Green added that the January to February numbers do not represent a terribly surprising decline, with the overall trajectory of trade looking decent, with March data released next month likely being a better indicator in terms of what 2012 may look like.

While trade data dipped from January to February, various signs of an economic recovery appear to remain intact, with Green noting that the vital signs of the U.S. economy, which are a driver of trade flows, appear to be in good shape.

But while the U.S. is steady for now, Green expressed caution over economic activity in China, given recent signs of softness in its economy and whether those signs will lead to a hard landing or a soft landing.

“It is too early to say what impact that has on trade flows in the short term,” explained Green.

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

The index ISM uses to measure non-manufacturing growth—known as the NMI—was 56.0 in June, which edged out May by 0.3 percent.

Regardless of the date or year, one thing is beyond consistent when it comes to key themes in freight transportation logistics: the state of United States highways and related transportation infrastructure is in an eternal state of chaos and disrepair.

The high-volume warehouse or distribution center that supports B2B, Omni-channel activities, direct-to-consumer shipments, and the Internet of Things all require a flexible and scalable supply chain in order to function at optimal capacity. The problem is that most of today's supply chains are made up of fragmented silos of information that compromise their ability to compete, be responsive to customer demands or seize new business opportunities.

As customers' demands constantly evolve, transportation and logistics (T&L) operations are being put under growing pressure to offer more efficient delivery services, while not compromising on customer service. Using findings from a research survey conducted among transport and logistics managers around the world, this report explores how a combination of mobile technology implementations for mobile workers, and process re-engineering efforts can elevate operations to the next level.

It's a fact - most best-of-breed WMS providers force you to pay every time you require a system change. Uncover five more dirty secrets many warehouse management systems providers don't want you to know. Download the white paper 5 Dirty Secrets of Warehouse Management Systems to discover these hidden truths and gain valuable information on considerations for evaluating WMS vendors.

Article Topics

News · Global Logistics · Trade · Panjiva · 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