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

The PMI, the ISM’s index to measure growth, increased 1.8 percent to 57.1 in July. This is 1.8 percent higher than the 12-month average of 55.3. The PMI has grown in 18 of the last 20 months, with economic activity in the manufacturing sector expanding for the last 14 months as the overall economy was up for the 62nd consecutive month.

YRC Worldwide, whose regional and long-haul units provide the second-largest LTL capacity in the trucking industry, narrowed its second-quarter loss to $4.9 million on $1.32 billion revenue, compared with $15.1 million loss on $1.24 billion revenue in the year-ago quarter.

With NFL training camps in full swing, it stands to reason that Congress must be replete with football fans, given how it basically has elected to punt on federal transportation funding yet again, with the Senate yesterday signing off on a ten-month bill to keep federal surface transportation funding intact through May 2015 through a nearly $11 billion stopgap measure.

Carload volumes were up 4.3 percent at 306,988, and intermodal volume for the week ending July 26 was up 3.3 percent at 264,809

Article Topics

News · Manufacturing · Trade · Panjiva · All topics

Comments

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


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA