Panjiva data shows slight shipment growth from October to November

Slight signs of economic stability appeared to take hold on the global trade front from October to November, according to data from Panjiva.

By ·

Slight signs of economic stability appeared to take hold on the global trade front from October to November, according to data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers.

Panjiva reported that the number of United States-bound waterborne shipments—at 1,029,789—was up 0.2 percent from October to November and up 2 percent year-over-year.

This is up a tad from the 0.2 percent decline in shipments from September to October. Shipments have been up 4 times in the past 8 months. In 2010, 2009, 2008, and 2007 October to November shipments were up 4 percent, down 1 percent, flat and down 1 percent, respectively, said Panjiva.

The number of manufacturers shipping to the U.S. from October to November, according to Panjiva, was 146,843 and up 3 percent from the same timeframe a year ago and flat annually.

In an interview with LM, Panjiva CEO Josh Green said when looking at the data from the August to September timeframe, it looks like buyers delayed their orders and spread shipments out over the fourth quarter more than in previous years, which have typically seen early and substantial spikes followed by quick drop-offs.

“This suggest that overall volumes in this holiday season—despite some early concerns—were relatively solid,” said Green. “This also speaks to a more cautious approach to inventory management and uncertainty in the macroeconomic environment, with buyers waiting to get more clarity and hoping to see which direction the economy was heading in before eventually having to pull the trigger.”

Meanwhile, concerns over the European economy and the fate of the Euro are still prevalent and still feels very unpredictable, according to Green.

And on the retail sales and consumer spending front, he explained that the holiday sales season is decent but not great.

“This will give buyers some degree of confidence that the economy is at least steadying a bit and giving them a little bit of confidence when placing orders,” noted Green.

While the holiday sales season was not nearly enough to declare that the economy is back on track, Green said all eyes will return to the jobs picture to gauge future economic growth. The reason being that if there is any type of sustained job growth, buyers will subsequently feel more confident about having more customers for the products they are importing.


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
Reduce Order Processing Costs by 80%
Sales order automation software will seamlessly transform inbound emailed and printed purchase orders into electronic sales orders that can be automatically processed into your ERP system with 100% accuracy.
Download Today!
From the June 2016 Issue
In the wildly unstable ocean cargo carrier arena, three major consortia are fighting for market share, with some players simply hanging on for survival. Meanwhile, shippers may expect deployment shifts as a consequence of the Panama Canal expansion.
WMS Update: What do we need to run a WMS?
Supply Chain Software Convergence: Synchronization Realized
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Optimizing Global Transportation: How NVOCCs Can Use Technology to Operate More Profitably
Global transportation isn't getting any easier to manage, especially for non-vessel operating common carriers (NVOCCs). Faced with uncertainties like surcharges—but needing to remain competitive when bidding against other providers—NVOCCs need the right mix of historical data, data intelligence, and technology support to make quick and effective decisions. During this webcast you'll learn how Bolloré Transport & Logistics was able to streamline its global logistics and automate contract management.
Register Today!
EDITORS' PICKS
Top 50 U.S. and Global 3PLs 2016: Technology Now the Key Differentiator
Following last year’s merger and acquisition frenzy, the speed of technology implementation by the...
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