Subscribe to our free, weekly email newsletter!


Panjiva reports strong global trade numbers for May

By Jeff Berman, Group News Editor
June 14, 2013

Signs of economic growth were prevalent in global trade data issued this week by Panjiva, an online search engine with detailed information on global suppliers and manufacturers.

U.S.-bound waterborne shipments—at 1,142,399—were up 8 percent annually in May and up 5 percent compared to April. On a year-to-date basis, Panjiva said shipments are up 4 percent at 5,239,084.

And the number of global manufacturers shipping to the U.S in May—at 172,656—was up 16 percent compared to May 2012 and up 5 percent compared to April.

“I think these numbers are pretty good over all,” said Panjiva CEO Josh Green in an interview. “We have seen some significant fluctuation in these numbers from month to month, but the year-to-date shipment number is encouraging. Trade feels relatively healthy, and the next interesting moment will be in the next month or two as corporate buyers start placing their bets for the holiday season.”

For this same period last year, Green said there was a bit of a dip from April to May, with growth occurring the year before.

In the short-term, Green said it is reasonable to expect growth between now through August. But if that does not materialize, he said it would be cause for concern.

“What we would hope to see in terms of growth is single-digit growth in June and as we get to July and August, we would like to see high single-digit growth,” said Green.

Looking at the global economy, Green noted that the U.S. is holding up well, which is refreshing, and said it is totally unclear as to when Europe is going to come out of its tenuous economic situation.

On some level, this mixed bag can be viewed as an upside for global trade, but Green said the real question mark is China and how it manages the transition of its economy, as much of what occurs in global trade now and in the coming years will be contingent on how China manages its economic growth.

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

Following the lead of its Congressional Colleagues in the House of Representatives, the United States Senate yesterday approved a measure geared to keep federal surface transportation funding intact through the end of December with a nearly $11 billion stopgap fix.

XPO Logistics announced second quarter earnings and the acquisition of two companies, New Breed Logistics, a non asset-based 3PL focusing in contract logistics services, for roughly $615 million, and Atlantic Central Logistics, a 3PL provider of last-mile logistics services, for roughly $36.5 million.

The report, entitled “Outlook for the Domestic Transport and Logistics Market in 2H14 and Beyond,” takes the view that strong freight levels in the second quarter have left trucking companies in a good position: one in which they need to come up with new plans to handle rising demand. But even with that positive momentum afloat, the report observes that there are some familiar challenges intact, such as a lack of qualified drivers and the regulatory drag from the new hours-of-service rules that took effect in July 2013.

Flags of Convenience are a fact of life in the commercial maritime trade, but several European political action groups are worried that they will pose a threat to the Continent’s air cargo industry.

For May, which is the most recent month for which data is available, the SCI is -7.5, following April’s -7.5. FTR said this reading represents a still-tight capacity environment, as utilization rates hover between 98 percent and 99 percent.

Article Topics

News · 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