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

Carload volumes were up 2.8 percent at 304,276, and intermodal volume for the week ending August 16 was up 5.4 percent at 270,316 containers and trailers.

Even though this data can be viewed as “old” in the sense that there is not a whole lot new to report about the port labor talks, it does a good job of looking into the mindset of shippers as talks continue.

Company officials said this service will be provided without any type of additional cost for customer shipments traveling from Ohio, Michigan, and Indiana, with expedited services available to customers outside of this area.

FTR says both spot rates and contract rates are heading up in a full capacity environment and with the fall shipping season rapidly approaching, it explained conditions for shippers could further deteriorate.

Read how others are using Business Process Management to achieve ERP success with Microsoft Dynamics AX. Download the free white paper now.

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