BIIA member Panjiva reported strong global trade data for May:
- 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.
Panjiva CEO Josh Green stated: “I think these numbers are pretty good overall. 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.”
Source: Logistics Management