Panjiva data shows that global trade activity is in a good place

By Jeff Berman, Group News Editor
July 15, 2014 - LM Editorial

Data issued by Panjiva, an online search engine with detailed information on global suppliers and manufacturers, showed that global trade growth is in a good position with more than half of 2014 complete.

U.S.-bound waterborne shipments in June—at 1,195,872—were up 6 percent annually and were flat from May to June, compared to a 2 percent May to June decline in 2013 and a 2 percent gain for the same period in 2012.

Panjiva CEO Josh Green told LM in an interview that these numbers show that overall global trade condition have been solid for the first half of 2014 and are in line with what Panjiva has seen in the global economy as a whole.

“There are a few things affecting global trade,” he explained. “First is the consumer side, with jobs numbers looking good, and it is promising as far as where consumer sentiment is heading and that drives imports. The encouraging jobs numbers are a good indicator of things to come. Consumers are going to drive trajectory of global trade for last half of year particularly as we move to the holiday season and
all signs at moment point to consumer confidence heading in the right direction.”

But at the same time, there are also headwinds to watch out for, too, which could negatively impact global trade. One is the possibility of a West Coast port workers strike, as negotiations between the Pacific Maritime Association and the International Longshore Warehouse Union continue.

Another item that needs to be monitored, noted Green, are the looming geopolitical issues in Iraq and Israel and there is some concern things could become more unstable and that can have a direct or indirect impact on global trade for things like the price of oil.

Even with those headwinds, he explained that things are in a good place overall, with total shipments up 7 percent annually through the first six months of the year at 6,790,666

“Any way you look at it being up 7 percent is a good place to be halfway through the year, and these are numbers people are looking carefully at as they are thinking about what to do for the holiday season,” said Green. “Healthy trade numbers combined with healthy consumer indicators suggest we are on a good path for the second half of the year.”



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 questions for the most recent Semiannual Economic Forecast, which was released last week, included: 1-has the strength of the U.S. dollar had a negative, negligible or positive impact on their organization’s profits?; 2-has the net impact of the depressed prices of oil and related commodities been negative, negligible, or positive for their organization’s profits; and 3-how would they characterize the combined impact of their organization’s profits on the strength of the U.S. dollar and the depressed prices of oil and related commodities.

The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that that U.S. trade with its North America Free Trade Agreement (NAFTA) partners Canada and Mexico dropped 5.8 percent on an annual basis in March to $90.5 billion.

Shippers sourcing their goods out the Port of Oakland’s largest marine terminal will soon need to make an appointment drayage providers before their cargo is released.

U.S. Carloads fell 10.6 percent at 244,290, and intermodal containers and trailers were off 6.5 percent at 262,693.

Now that the deal, which had to clear several regulatory hurdles in multiple countries, is official, FedEx executives were able to speak a little bit more freely, albeit being somewhat guarded in regards to certain integration specifics at the same time.

Article Topics

News · Global Trade · Panjiva · All topics

About the Author

Jeff Berman, 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

Comments

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


© Copyright 2016 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA