Subscribe to our free, weekly email newsletter!


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

By Jeff Berman, Group News Editor
July 15, 2011

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 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

Three weeks after initiating a coordinated series of slowdowns that have mired the major West Coast ports of Tacoma, Seattle, Oakland, Los Angeles and Long Beach, the ILWU has pushed away from the bargaining table.

DHL has released the third edition of its Global Connectedness Index (GCI), a detailed analysis of the state of globalization around the world.

The truck driver shortage is worsening, threatening the trucking industry’s ability to serve the nation’s supply chains. The shortage will almost certainly cause fleets’ costs to increase and shippers’ rate to continue to rise.

The Agriculture Transportation Coalition has asked the Administration to bring in a federal mediator to help resolve the negotiations, and if a strike or lockout occurs, the AgTC advocates the rarely-invoked Taft-Hartley Act.

While U.S. manufacturers and retailers have been bemoaning the ongoing labor/management crisis at West Coast ports, the situation is becoming increasingly dire for U.S. agriculture and forest products exporters.

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