S&P strikes deal to acquire Panjiva

S&P Global’s acquisition of the global trade data company is expected to close in the coming weeks.

S&P strikes deal to acquire Panjiva

S&P Global’s acquisition of the global trade data company is expected to close in the coming weeks.

S&P strikes deal to acquire Panjiva

S&P Global’s acquisition of the global trade data company is expected to close in the coming weeks.

 
S&P Global, the parent of Standard & Poor's, said it is set to acquire Panjiva, Inc., a company that provides data on global supply chains.
    Terms of the transaction, which is expected to close in the coming weeks, were not disclosed.
    The acquisition "will help strengthen the insights, products and data that we provide to our clients throughout the world," said Mike Chinn, president of S&P Global Market Intelligence and executive vice president of technology and innovation at S&P Global.
    "Panjiva provides clients with macro data covering 95 percent of global trade flows, as well as transactional data covering 35 percent of global trade flows," S&P said. "The company tracks supply data from retailers, exporters and shippers across a myriad industries and commodities."
    In a letter posted on Panjiva's website, the company's founders - Josh Green, chief executive officer and James Psota, chief technology officer - said, "When we got started, 'Big Data; wasn’t a thing. Today, it seems that everyone’s talking about leveraging data to make better decisions. But the truth is, global industry is in the earliest stages of figuring out how best to make use of data."
   They said S&P will make them part of a larger company with more resources and that the experience of users, which currently totals 18,000, will get better.
    S&P said the acquisition of Panjiva is expected to be profitable in 2019 (excluding integration costs), but that given the transaction’s modest size, it is not expected to have a material impact on S&P's adjusted earnings per share in 2018.

I think there certainly has been increased interest in moving vehicles from Mexico to the U.S. by ocean. The challenge today is the cost element. Right now ocean just can’t compete with the rail cost.

BlueWater Reporting’s database shows 57 container services operate on the Asia to North America (U.S. and Canada) trade, with the OCEAN Alliance operating 19 services, THE Alliance operating 14 services, and the 2M Alliance operating 10 services (two of which are jointly operated with ZIM).

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S&P strikes deal to acquire Panjiva

S&P Global’s acquisition of the global trade data company is expected to close in the coming weeks.

Feb 21, 2018 on Dec 27, 2018AmericanShipper.com

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S&P strikes deal to acquire Panjiva

S&P Global’s acquisition of the global trade data company is expected to close in the coming weeks.

Feb 21, 2018 on Dec 27, 2018AmericanShipper.com