Panjiva reports 4 percent increase in shipments from February to March

Following a 15 percent decline in United States-bound waterborne shipments from January to February, data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers, showed that shipments were up 4 percent from February to March.

By ·

Following a 15 percent decline in United States-bound waterborne shipments from January to February, data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers, showed that shipments were up 4 percent from February to March.

Prior to the last two months worth of data, the trend lines coming from this report have been, like the pace of the global economic recovery, largely uneven. Shipments were up 17 percent from December to January and down 14 percent from November to December. And waterborne shipments have been down sequentially in five of the last seven months.

March shipments hit 900,544, which was a 4 percent gain over February’s 864,632, and it was 2.3 percent down from March 2010’s 902,825. The number of global manufacturers shipping to the U.S. in March was 130,918, which was less than 1 percentage point off from February’s 131,185.

“This looks like a typical seasonal uptick,” said Panjiva CEO Josh Green. “Given all that’s going on across the world, things could look a lot worse.”

The increase from February was no unexpected, as February is often looked as a seasonal low point for global trade activity.

When assessing Panjiva’s numbers and global trade data from other sources, too, Green explained in a recent interview that the first few months of the year combined present a relatively positive indicator of where things stand regarding the global economy.

And with the overall economy still fragile, coupled with increasing oil and gas prices, which has the potential to impact consumer spending, and solid manufacturing and industrial production growth, the overall economic recovery is a bit of a mixed bag at the moment.

In terms of how these factors could impact the pace of the recovery and global trade conditions, Green said that he is still reasonably optimistic, with steady growth still expected. And the modest upticks in consumer sentiment also suggest a relatively stable environment, albeit not one which suggests rapid growth either, which should be reflected in future data.


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
Revisiting Supplier Relationship Management to Boost Real Value in the Supply Chain
Supplier relationship management (SRM) initiatives are on the rise, and companies who successfully implement these programs can realize a significant return on their technology investments.
Download Today!
From the May 2017 Issue
Everyone is talking about terms like digitization, Industry 4.0 and digital supply chain management, but what sort of technologies fall under these broad terms, and how will they change the management capabilities at our disposal? To find out, we talked to some noted supply chain analysts, consultants and technology executives and gathered six digital trends to watch.
Transportation Trends and Best Practices: The Battle for the Last Mile
2017 Technology Roundtable: Are we closer to “Intelligent” Logistics?
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Cross Border 2017: Managing Your Supply Chain for Efficient and Secure Crossings
In this webinar, we'll unveil best practices to establish a world class logistics operation that improves safety, security, efficiency, and customer service levels at a lower cost.
Register Today!
EDITORS' PICKS
The Evolution of the Digital Supply Chain
Everyone is talking about terms like digitization, Industry 4.0 and digital supply chain management,...
2017 Salary Survey: Fresh Voices Express Optimism
Our “33rd Annual Salary Survey” reflects more diversity entering the logistics management...

LM Exclusive: Major Modes Join E-commerce Mix
While last mile carriers receive much of the attention, the traditional modal heavyweights are in...
ASEAN Logistics: Building Collectively
While most of the world withdraws inward, Southeast Asia is practicing effective cooperation between...