Subscribe to our free, weekly email newsletter!


Panjiva data shows global trade growth from May to June at a reduced rate

By Jeff Berman, Group News Editor
July 23, 2012

As was the case from April to May, global trade activity showed growth, albeit at a slower rate than earlier in the year, according to data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers.

U.S.-bound waterborne shipments, which fell 2 percent from April to May, posted a 2 percent gain from May to June at 1,083,511. This is an improvement over a 1 percent decline from May to June a year ago, and total shipments for June were up 5 percent annually. Panjiva officials said that shipments for the first six months of the year are up 5 percent.

Panjva reported a 0.4 percent increase in the number of global manufacturers shipping to the U.S., with June reaching 149,487, which represented a 2 percent annual gain. This number matches up with recent months, which saw May reach 148,861 and April at 148,246.

“Relatively speaking, the numbers are holding up reasonably well,” said Panjiva CEO Josh Green in an interview. “If you look at shipments being up 5 percent [through the first six months of the year] with the economic headwinds we are facing, it we will take it.”

With the economic outlook still challenging, Green said the two top concerns—as they pertain to global trade—are consumer sentiment and the difficult situation in Europe.

While Europe’s various economic challenges are not having a direct impact on the U.S. yet, Green said should they continue it is likely they will start impacting trade flows across multiple geographies.

“If the situation in Europe deteriorates…I think you will start to see businesses phasing off on their purchasing and that will show up in the numbers later in the year,” said Green. “I think we are seeing an overall weakness with everybody looking ahead and wondering if we are heading into a recession or whether a modest recovery is coming.”

Despite these headwinds, Green said there is a decent possibility the economy could show signs of growth in the next two months as shipments begin to arrive at U.S. ports with merchandise for the holiday season. This will provide a glimpse into how optimistic businesses are feeling about the holiday season.

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

Supply chain security provider Freightwatch International has released its semi-annual report on cargo theft in the Asia Pacific region for the first half of 2014, which contains some heartening news for U.S. shippers reliant on trucking, warehousing and retail.

FedEx Ground, a subsidiary of FedEx Corporation, reports today that a decision by a three-judge panel of the United States Court of Appeals for the Ninth Circuit reversed previous rulings by the District Court for the Northern District of Indiana in three class action cases involving mostly former independent contractors for FedEx Ground

More talking remains before the deal is done

The transpacific U.S.-flag carrier has been ranked number one in the ocean carrier category for Logistics Management magazine's Quest for Quality award

This year, the Containerization & Intermodal Institute (CII) will be staging the “Connie” Awards dinner in conjunction with IANA’s Intermodal EXPO in Long Beach

Article Topics

News · Global Logistics · Global Trade · Panjiva · 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