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Home » News » Warehouse News » October U.S.-bound shipments show strong growth, reports Panjiva

October U.S.-bound shipments show strong growth, reports Panjiva

View original at www.logisticsmgmt.com

State of Logistics 2016: Pursue mutual benefit Despite bright spots, financial issues remain at the forefront for USPS 10 essential things to know before investing in dimensioning equipment Commerce and NRF report solid October retail sales October retail sales are strong, reports Commerce and NRF More News Growth for United States-bound waterborne shipments in October took a step forward in October, according to data issued by Panjiva , an online search engine with detailed information on global suppliers and manufacturers. October shipments––at 982,387––were up 5.6 percent compared to September and up 7.4 percent annually for its fastest pace since February, as well as marking the fourth straight month of import growth. Panjiva noted that furnishing imports led the way, up 10 percent compared to September, and autos were up 5 percent. Non-durables apparel dipped 0.4 percent, and toys saw a slight 0.5 percent gain ahead of the holidays. Globally, imports from the EU were up 14 percent on a rolling quarter basis, which Panjiva said was likely due to the strong dollar, while China’s waterborne exports were also up. On a year-to-date basis through October, total imports are up 1.5 percent at 9,277,540 for its best tally for this period going back to February 2012, with the expectation that full-year 2016 annual growth could reach 1.9 percent at 11.08 million shipments. “This data really shows that trade is quite resilient to shocks, with the logistics sector doing an awesome job handling the Hanjin crisis, coupled with the possibility that some items that did not move in September moved in October,” said Panjiva Research Director Chris Rogers in an interview. “Also, both industry and consumers remained reasonably upbeat and happy to spend at retailers ahead of the election. But now there is the question of what a President Trump means […]

Sue Boczenowski

About the Author

Sue Boczenowski is the Marketing Manager for Abel Womack.

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