Subscribe to our free, weekly email newsletter!


Panjiva reports gains in global trade growth for July

By Jeff Berman, Group News Editor
August 21, 2013

Coming off of the month of June, which showed fairly flattish global trade growth, data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers, showed a spurt in activity in July.

U.S.-bound waterborne shipments—at 1,230,726—were up 9 percent compared to June and up 4 percent annually. Panjiva said this represents the highest shipment levels it has seen since it started tracking shipments in 2008. 

“We think this is evidence of an ongoing economic recovery in the U.S., and that retailers are anticipating a strong holiday season,” the company said in a blog entry. “Levels may come down in August—but that will represent a typical annual trend.  This data makes us optimistic about an economically strong end to 2013, and a robust holiday shopping season.”

Panjiva said the number of global manufacturers shipping to the U.S in July—at 179,929—was up 3 percent compared to June and 14 percent on an annual basis.

“These numbers look good for a few different reasons,” said Panjiva CEO Josh Green in an interview. “One is that it is continuing evidence we are in an economic recovery and another being that corporate buyers are feeling optimistic about back-to-school and the holiday season.”

Green added that things over all seem better than a year ago at this time, explaining that June to July 2012 growth was somewhat similar to this year but said that this year there are more signs of growth, which provide confidence that the economic recovery is real.

Regarding how things are shaping up in the coming months, Green said the shorter-term question has to do with how consumers behave during back-to-school and the holiday seasons.

“If they come out strong, it will give corporate buyers more confidence about the end of this year and 2014, but if it is less than robust, it will be a different story,” he said. “Typically we see modest declines from July to August so if that is what we see it will not be viewed as a cause for concern.”

 

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

UPS Access Point locations serve as a replacement delivery address when consumers are not at home to receive a package or when consumers want a delivery to go somewhere other than their residence.

Non asset-based third-party logistics services provider Roadrunner Transportation Systems Inc. (RRTS) said this week it has acquired El Paso, Texas-based Stagecoach Cartage and Distribution for $35 million along with an earn-out at $5 million.

The three California port directors who faced the wrath of shippers at the annual meeting of the Agriculture Transportation Coalition (AgTC) in San Francisco late last June, surprised many with their candor and heartfelt mea culpas.

Matson, Inc., a leading U.S. carrier in the Pacific, is moving quickly to fund improvements in its new Alaska operations following its May 29 acquisition of Horizon Lines' Alaska services.

Josh Green, CEO of Panjiva, an online search engine with detailed information on global suppliers and manufacturers, said despite the recent trends coming out of China, it is important to remember is that on a big picture level, its impact on the global economy is big and growing.

Article Topics

News · Manufacturing · Trade · Panjiva · 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