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

State of Logistics 2016: Pursue mutual benefit
May trade between U.S. and NAFTA partners down 3.1 percent
UPS reports solid Q2 earnings paced by international and B2C growth
AAR reports another week of declining volumes
Despite mixed Q2 results, transportation & logistics deal making prospects look bright
More News

Latest Resource

Managing Global Transportation: How NVOCCs can operate more profitably
Global transportation isn’t getting any easier to manage. With new rules and regulations to learn, new compliance requirements to adhere to, and new customers and business partners to onboard, navigating the complexities of the global market can be difficult for any company. To fully leverage their global supply chains, firms need a robust, global transportation management system that helps them navigate this ever-changing environment.
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
Managing Global Transportation: How NVOCCs can operate more profitably
Global transportation isn’t getting any easier to manage. With new rules and regulations to learn, new compliance requirements to adhere to, and new customers and business partners to onboard, navigating the complexities of the global market can be difficult for any company. To fully leverage their global supply chains, firms need a robust, global transportation management system that helps them navigate this ever-changing environment.
Download Today!
From the July 2016 Issue
While it’s currently a shippers market, the authors of this year’s report contend that we’ve entered a “period of transition” that will usher in a realignment of capacity, lower inventories, economic growth and “moderately higher” rates. It’s time to tighten the ties that bind.
2016 State of Logistics: Third-party logistics
2016 State of Logistics: Ocean freight
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Getting the most out of your 3PL relationship
Join Evan Armstrong, president of Armstrong & Associates, as he explains how creating a balanced portfolio of "Top 50" global and domestic partners can maximize efficiency and mitigate risk.
Register Today!
EDITORS' PICKS
Regional ports concentrate on growth and connectivity
With the Panama Canal expansion complete, ocean cargo gateways in the Caribbean are investing to...
Digital Reality Check
Just how close are we to the ideal digital supply network? Not as close as we might like to think....

Top 25 ports: West Coast continues to dominate
The Panama Canal expansion is set for late June and may soon be attracting more inbound vessel calls...
Port of Oakland launches smart phone apps for harbor truckers
Innovation uses Bluetooth, GPS to measure how long drivers wait for cargo