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.

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
The Internet of Things and the Modern Supply Chain
Learn today how the internet of things is transforming supply chain operations.
Download Today!
From the February 2017 Issue
As the new administration sends waves of uncertainly through the global trade community, this could be the best time ever for shippers to build an investment case for GTM. Here are five trends you need to watch if you’re about to put these savvy systems to work
Carrier Consolidation Keeps Shippers Guessing
Getting Value from the Cloud
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Advance your career with the fastest growing logistics certification – APICS CLTD
During this webcast presenters will give an overview of APICS and the new Certified in Logistics, Transportation and Distribution (CLTD) designation. Learn how the CLTD program can help you stay on top of current trends and advance your career.
Register Today!
EDITORS' PICKS
ASEAN Logistics: Building Collectively
While most of the world withdraws inward, Southeast Asia is practicing effective cooperation between...
2017 Rate Outlook: Will the pieces fall into place?
Trade and transport analysts see a turnaround in last year’s negative market outlook, but as...

Logistics Management’s Top Logistics News Stories 2016
From mergers and acquisitions to regulation changes, Logistics Management has compiled the most...
Making the TMS Decision: Ariens Finds Just the Right Fit
The third time is the charm for this U.S. manufacturer on the hunt for a third-party logistics (3PL)...