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.

Latest News

The State of the DC Voice Market
CSX president and CEO E. Hunter Harrison passes away
The Big Picture: Navigation Gets a Reboot for Automatic Vehicles
AAR reports carload and intermodal gains for week ending December 9
Intelligent Lift Trucks, Smarter Business
More News

Latest Resource

The Retailer’s Atlas for Omnichannel Returns
Fueled by e-commerce, the new state of retail is truly an omnichannel one, and companies will flourish or flounder based on how well their supply chain can meet customer expectations.
All Resources
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
The Retailer’s Atlas for Omnichannel Returns
Fueled by e-commerce, the new state of retail is truly an omnichannel one, and companies will flourish or flounder based on how well their supply chain can meet customer expectations.
Download Today!
From the November 2017 Logistics Management Magazine Issue
An inside look at how a large pharmaceutical firm transformed its vendor and supplier relationships into true, collaborative partnerships—and greatly strengthened its logistics and supply chain operations in the process.
34th Annual Quest for Quality Awards: 2017 Awards Dinner
Trucking Regulations: Washington U-Turns; States put hammer down
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Logistics Showcase: Rising to the same-day delivery challenge
Today’s delivery puzzles are very different than traditional DC to store or warehouse to DC puzzles. It’s not just the shorter time frame for delivery; the basic requirements are significantly different and more complex as well. In this session you'll learn how to address same day delivery challenges while also driving down costs and increasing customer satisfaction.
Register Today!
EDITORS' PICKS
2017 NASSTRAC Shipper of the Year: Mallinckrodt; Mastering and managing complexity
An inside look at how a large pharmaceutical firm transformed its vendor and supplier relationships...
2017 Alliance Awards: Recognizing outstanding supply chain partnerships
In an era where effective supply chain collaboration is both highly valued and elusive, Logistics...

26th Annual Study of Logistics and Transportation Trends: Transportation at Digital Speed
While a majority of companies strongly agree that transportation is a strategically important...
34th Annual Quest for Quality Awards: Winners Revealed
Which carriers, third-party logistics providers, and North American ports have crossed the service...