Panjiva data shows slight decline in U.S.-bound shipments

Seasonal economic trade patterns appear to be intact based on the most recent batch of monthly data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers.

Latest News

The State of the DC Voice Market
Diesel average heads up for fourth straight week, reports EIA
JDA partners with AWESOME
Vecna Robotics names CEO Daniel Patt, former head of DARPA Autonomy
Industrial Pack gathers momentum with new exhibitors signing up
More News

Latest Resource

Making the Case For: An Automated Dimensioning Solution
Read our new Making the Case download to learn how a growing number of shippers are managing these market pressures and realizing significant ROI from investments with the help of automated dimensioning solutions.
All Resources
By ·

Seasonal economic trade patterns appear to be intact based on the most recent batch of monthly data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers.

Coming off of April and May which saw 7 and 8 percent gains, respectively, in the number of waterborne shipments heading to the U.S., June saw a 1 percent decline from May to June at 1,030,363, according to Panjiva. On an annual basis, June shipments were down 4 percent compared to June 2010’s 1,076,015 shipments.

The number of global manufacturers shipping to the U.S.—at 146,823—was also down 1 percent on the heels of matching 6 percent gains the previous two months. Panjiva officials said this output is in line with previous years’ May-to-June changes: +1 percent in 2010, -1 percent in 2009, and -2 percent in 2008.

“The economy appears to be treading water,” said Panjiva CEO Josh Green. “The month-to-month data is where it has been in recent years. But these numbers are at the same time disappointing for anyone hoping for robust growth as we move into a season when holiday workers arrive.”

And unlike a year ago, when there was a fair level of optimism regarding the economic recovery—due in large part to a large amount of inventory restocking—the recovery overall appears to have stalled out.

Green said this has created a ‘wait and see’ attitude when it comes to the economy, with respect to things like macroeconomic issues and debt crises in multiple countries.

“This is weighing on the purchasing decisions of sourcing executives and on consumer sentiment,” said Green.

While most GDP estimates are currently in the 1.5-to-2 percent range, Green said global trade growth is more seasonally-based, citing how in 2010 June to July and July to August shipment growth was 2 percent and 4 percent, respectively. And he explained it makes sense to expect similar growth patterns in the coming months.

This type of growth could be considered a success, he said, and after August things tend to trend down through the end of the year for global trade.


About the Author

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. Contact Jeff Berman

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!

Latest Whitepaper
Making the Case For: An Automated Dimensioning Solution
Read our new Making the Case download to learn how a growing number of shippers are managing these market pressures and realizing significant ROI from investments with the help of automated dimensioning solutions.
Download Today!
From the December 2017 Logistics Management Magazine Issue
Trade and transport analysts see rates rising across all modes in accordance with continued expansion of domestic and international markets. Economists, meanwhile, say shippers can expect revenue growth in transport verticals to remain in the 3%-plus range.
2018 Customs & Regulations Update:10 observations on the “digital trade transformation”
Moore on Pricing: Freight settlement and your TMS
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
2018 Rate Forecast
Join our panel of top oil and transportation analysts for an exclusive look at where rates are headed and the issues driving those rate increases over the coming year.
Register Today!
EDITORS' PICKS
Building the NextGen Supply Chain: Keeping pace with the digital economy
Peerless Media’s 2017 Virtual Summit shows how creating a data-rich ecosystem can eliminate...
2017 NASSTRAC Shipper of the Year: Mallinckrodt; Mastering and managing complexity
An inside look at how a large pharmaceutical firm transformed its vendor and supplier relationships...

2017 Alliance Awards: Recognizing outstanding supply chain partnerships
In an era where effective supply chain collaboration is both highly valued and elusive, Logistics...
26th Annual Study of Logistics and Transportation Trends: Transportation at Digital Speed
While a majority of companies strongly agree that transportation is a strategically important...