Subscribe to our free, weekly email newsletter!


Panjiva reports 4 percent increase in shipments from February to March

Following a 15 percent decline in United States-bound waterborne shipments from January to February, data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers, showed that shipments were up 4 percent from February to March.
By Jeff Berman, Group News Editor
April 26, 2011

Following a 15 percent decline in United States-bound waterborne shipments from January to February, data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers, showed that shipments were up 4 percent from February to March.

Prior to the last two months worth of data, the trend lines coming from this report have been, like the pace of the global economic recovery, largely uneven. Shipments were up 17 percent from December to January and down 14 percent from November to December. And waterborne shipments have been down sequentially in five of the last seven months.

March shipments hit 900,544, which was a 4 percent gain over February’s 864,632, and it was 2.3 percent down from March 2010’s 902,825. The number of global manufacturers shipping to the U.S. in March was 130,918, which was less than 1 percentage point off from February’s 131,185.

“This looks like a typical seasonal uptick,” said Panjiva CEO Josh Green. “Given all that’s going on across the world, things could look a lot worse.”

The increase from February was no unexpected, as February is often looked as a seasonal low point for global trade activity.

When assessing Panjiva’s numbers and global trade data from other sources, too, Green explained in a recent interview that the first few months of the year combined present a relatively positive indicator of where things stand regarding the global economy.

And with the overall economy still fragile, coupled with increasing oil and gas prices, which has the potential to impact consumer spending, and solid manufacturing and industrial production growth, the overall economic recovery is a bit of a mixed bag at the moment.

In terms of how these factors could impact the pace of the recovery and global trade conditions, Green said that he is still reasonably optimistic, with steady growth still expected. And the modest upticks in consumer sentiment also suggest a relatively stable environment, albeit not one which suggests rapid growth either, which should be reflected in future data.

About the Author

image
Jeff Berman
Group News Editor

Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff joined the Supply Chain Group in 2005 and leads online and print news operations for these publications. In 2009, Jeff led Logistics Management to the Silver Medal of Folio’s Eddie Awards in the Best B2B Transportation/Travel Website category. 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. If you want to contact Jeff with a news tip or idea,
please send an e-mail to .(JavaScript must be enabled to view this email address).


Subscribe to Modern Materials Handling magazine

Subscribe today. It's FREE!
Find out what the world’s most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today!

Recent Entries

Automotive OEM Diversity Vuteq deployed an innovative WMS on iPads adapted for the DC. The result is improved quality and a satisfied customer.

One of the world’s largest wholesale distributors of technology solutions rolled out a WCS, WMS and labor management across six U.S. distribution centers to keep up with demand.

A voice-over IP solution is driving new efficiencies in case and bottle picking.

Open Sky Group, an independent consulting company specializing in warehouse management system (WMS) implementations, is has announced that it has been chosen by JDA Software as a U.S. Reseller for the JDA Warehouse Management System and other add-on applications.

The CMMS allows on-site maintenance teams to more effectively manage maintenance activities while increasing uptime and operating performance of automated materials handling systems and other infrastructure systems at the user’s site.

Article Topics

News · Economy · Panjiva · All topics


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