Panjiva reports that trade activity remained strong in August

Building off of a strong month in trade activity in July, data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers, showed that trend continuing into August.

By ·

Building off of a strong month in trade activity in July, data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers, showed that trend continuing into August.

U.S.-bound waterborne shipments—at 1,227,729—were down 0.3 percent from July, which was the highest ever month for shipments, with August second, based on Panjiva data. And they were up 7 percent annually.

Panjiva said that this strong shipment activity for July and August supports its position that retailers are feeling optimistic about the holiday shopping season, which has the potential to lead to a very strong fourth quarter for the retail sector.

Panjiva said the number of global manufacturers shipping to the U.S in August—at 179,286—was flat in August compared to July and up 12.7 percent annually.

“These numbers are encouraging and speak to confidence among corporate buyers,” Panjiva CEO Josh Green said in an interview.

Panjiva’s data coincides with promising data released by the Port of Los Angeles and the Port of Long Beach, which are both lending optimism for an active fall shipping season.  And Green noted the Federal Reserve’s decision to hold off on tapering—or halting the $85 billion in bonds it is purchasing each month in an effort to lower long-term interest rates and spur economic activity—is also a positive heading into the holiday season.

What’s more, Green offered up that there is a generally positive feeling among corporate buyers that is being reflected in its data, coupled with how its numbers over the course of this year have surprised in terms of how strong they have been.

“The intention now needs to shift to consumers and how they behave in this holiday season,” he said. “We are seeing from the data that corporate buyers are feeling optimistic and unquestionably that is a good thing, but if consumers are not as positive heading into the holiday season it could lead to a situation where retailers are left holding too much inventory. Hopefully that does not happen. Corporate buyers have placed their bet and hopefully it is the right one.”

While August has been the peak month traditionally, Green said it appears that has shifted to July, explaining that he expects sequential declines in shipments through the end of the year, which he said will provide some guidance heading into 2014.


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!

Article Topics

Global Trade · Panjiva · All Topics
Latest Whitepaper
Maximizing Your Sales Team’s Effectiveness
Companies need to examine how to restructure their sales team to respond to different customers and subsequent buying behaviors and preferences.
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
Make Your Products Smarter in the Supply Chain with the IoT
This webinar explores how temperature-sensing smart labels and inexpensive NFC tags are being used to extend product safety and efficiency beyond the shipping dock while also building a communication bridge to your customers.
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...