Subscribe to our free, weekly email newsletter!


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

By Jeff Berman, Group News Editor
September 09, 2010

The number of global manufacturers shipping to the United States inched up from July to August, according to data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers.

Following a 0.2 percent increase from June to July, July to August was stronger, with a 1 percent bump in U.S.-bound shipments (1,138,601 shipments), according to Panjiva. While there have been gains in the last two months, these tallies still trail the first half of the year, which saw a 9 percent spike from April to May and matching 3 percent gains for the previous two months.

On a year-over-year basis, August shipments were up 15 percent.

Panjiva also reported that there was a 4 percent increase in the number of U.S. companies receiving waterborne shipments from global manufacturers in August, following a 2 percent gain from June to July. This edges out a 3 percent annual gain from the same period last year and flat growth in 2008.

Panjiva CEO Josh Green told LM he was encouraged by the most recent numbers.

“There had been some speculation that we had already seen the peak of 2010 in July,” said Green. “And that appears not to have been the case. It suggests that when [shippers] placed their orders a couple months ago they were feeling relatively bullish about this year’s holiday season. There is some possibility, though, that companies were overly optimistic and over-ordered in which case they will be stuck with too much inventory. We have to hope that between now and the holiday season, consumer confidence shores up a bit so retailers are not disappointed.”

Whether or not that happens remains to be seen, given relatively low retail sales numbers and consumer confidence levels in recent months on the heels of a fairly strong first half of 2010. One encouraging sign was today’s Department of Commerce report regarding the trade deficit, which fell from a 2010 high $49.8 billion in June down to $42.8 billion in July, with the $196.1 billion in imports $4.2 billion less than June. And the Institute of Supply Management’s Manufacturing index has seen consistent growth for more than a year. More concerning data appears to be sluggish GDP growth and underwhelming durable goods orders.

Green said that it appears global trade is currently on a seasonal path despite the lack of robust, exciting economic growth. But that is not the say that 4 percent month-to-month gains in U.S. shipments will continue either.

“The typical track is the peak month in August and then beginning a slow decline through December and into the first quarter of next year for a slow, steady decline,” said Green. “Global trade is about as healthy as it can be with consumer confidence being where it is. We need to see consumer confidence improvements before we seen any significant growth in global trade activity.”

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

The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that U.S. trade with its North America Free Trade Agreement (NAFTA) partners Canada and Mexico increased 8.2 percent from September 2013 to September 2014 at $102.2 billion.

NS said that the D&H lines it plans to acquire connect with the NS network at Sunbury, Pa. and Binghamton, N.Y. and give NS single-line routes from Chicago and the southeast U.S. to Albany, N.Y., which is in close proximity to NS’ Mechanicville, N.Y.-based intermodal terminal.

This follows a 1.6 cent decrease last week, which was preceded by a 5.4 gain the week before and stands as the first increase going back to the week of June 23, when the weekly average headed up 3.7 cents to $3.919 per gallon.

BNSF said that its 2015 capital expenditures will be allocated towards various areas of its business, including maintenance and expansion of the railroad to meet the expected demand for freight rail service, with 2015 representing the third straight year BNSF has invested a record annual capital expenditures investment.

While the ongoing labor negotiations between the International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) ostensibly going from bad to worse, following the ILWU’s announcement late last week that it was halting negotiations from November 20 through November 30, a Congressional group last week penned a letter to PMA and ILWU leadership expressing concern over the state of the negotiations.

Article Topics

News · Global Trade · Panjiva · Shipments · 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