U.S.-bound shipments in August set a new high, reports Panjiva

Data issued this week by Panjiva, an online search engine with detailed information on global suppliers and manufacturers, showed that global trade growth continues to be in a good place, heading into the home stretch of 2014.

U.S.-bound waterborne shipments in August––at 1,274,234––were up 4 percent annually and 1 percent higher than July, the previous high for 2014 at 1,258,142. Panjiva added that the total number of shipments for the month of August represents the highest level of shipments––or imports¬¬––since the company began tracking this data. And the company said that such a strong showing is a good sign for the holiday shopping season, with optimistic retailers aggressively stocking their shelves in anticipation of strong holiday sales.

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