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

Putting the renewed strength in the truckload market into a very positive perspective is a report issued by Avondale Partners analyst Donald Broughton, which was released yesterday. Entitled, “Q2’15 Trucking Capacity; Goldilocks Era Continues,” Broughton explained that in the second quarter only 70 truckload fleets failed, or exited the business. That number may seem high to some, but it is not, especially when you consider that the second quarter of 2014 saw more than five times as many truckload carriers, 375 to be exact, exit the business.

Global demand remains stable as packaging equipment providers of all sizes shift focus

Six straight days without a ship waiting for berth

Freight forwarders were relieved to learn yesterday that U.S. Customs and Border Protection (CBP) would be delaying its Automated Commercial Environment (ACE) implementation.

The Institute for Supply Management’s (ISM) August edition of the Manufacturing Report on Business saw its PMI, the ISM’s index to measure growth, fall 1.6 percent to 51.1, following a 0.8 percent decline to 52.7 in July. Even with the relatively slow growth over the last two months, the PI has been at 50 or higher for 31 consecutive months.

Article Topics

News · Global Trade · Panjiva · Shipments · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA