Descartes’ International Transport Report Signifies Over 1M TEUs Have Shifted from West Coast Ports
ATLANTA, Georgia, April 18, 2023 — Descartes Programs Group, the worldwide chief in uniting logistics-intensive companies in commerce, indicated in its month-to-month Descartes’ International Transport Report that over a million import container TEUs moved away from the West Coast ports* yearly, and the most important beneficiary of the shift in import volumes was the Gulf Coast ports.
“Shifts in container import volumes from West Coast ports are prime of thoughts once more with the protracted ILWU-PMA contract negotiations,” mentioned Chris Jones, EVP Business at Descartes. “Descartes’ International Transport Report offers perception into how a lot quantity has shifted away from the West Coast ports, the place it went, and what had been the nations of origin and prime commodities that left.”
Descartes analyzed U.S. container import volumes (TEUs) within the first three months of 2019 in comparison with the primary three months of 2023 for insights into the shift away from the West Coast ports. General U.S. import container volumes (see Determine 1) are extraordinarily shut (0.19% distinction) for the primary three months of each years, which permits for an inexpensive comparability.
Evaluating the primary quarter of 2023 to 2019, it’s fairly evident that there was a big shift. The West Coast container outflow is sort of near the East and Gulf Coasts container influx. If we extrapolate the Q1 information over twelve months the calculation would present that over a million containers moved away from the West Coast ports yearly beginning in 2021. This additionally considers March 2023’s important reversal of the decline in quantity that occurred on the Ports of Los Angeles and Lengthy Seashore.
To be taught extra, learn Descartes International Transport Report: Over 1M TEUs Have Shifted from West Coast Ports
*Knowledge on this report relies on all West, East and Gulf Coast ports.
About Descartes
Descartes is the worldwide chief in offering on-demand, software-as-a-service options targeted on bettering the productiveness, safety and sustainability of logistics-intensive companies. Prospects use our modular, software-as-a-service options to route, observe and assist enhance the protection, efficiency and compliance of supply sources; plan, allocate and execute shipments; price, audit and pay transportation invoices; entry international commerce information; file customs and safety paperwork for imports and exports; and full quite a few different logistics processes by collaborating on this planet’s largest, collaborative multimodal logistics neighborhood. Our headquarters are in Waterloo, Ontario, Canada and now we have workplaces and companions all over the world. Study extra at www.descartes.com, and join with us on LinkedIn and Twitter.
Cautionary Assertion Relating to Ahead-Wanting Statements
This launch comprises forward-looking data throughout the which means of relevant securities legal guidelines (“forward-looking statements”) that relate to Descartes’ resolution choices and potential advantages derived therefrom; and different issues. Such forward-looking statements contain identified and unknown dangers, uncertainties, assumptions and different components that will trigger the precise outcomes, efficiency or achievements to vary materially from the anticipated outcomes, efficiency or achievements or developments expressed or implied by such forward-looking statements. Such components embrace, however aren’t restricted to, the components and assumptions mentioned within the part entitled, “Sure Elements That Might Have an effect on Future Outcomes” in paperwork filed with the Securities and Alternate Fee, the Ontario Securities Fee and different securities commissions throughout Canada together with Descartes’ most lately filed administration’s dialogue and evaluation. If any such dangers truly happen, they may materially adversely have an effect on our enterprise, monetary situation or outcomes of operations. In that case, the buying and selling value of our widespread shares may decline, maybe materially. Readers are cautioned to not place undue reliance upon any such forward-looking statements, which converse solely as of the date made. Ahead-looking statements are supplied for the needs of offering details about administration’s present expectations and plans referring to the long run. Readers are cautioned that such data will not be applicable for different functions. We don’t undertake or settle for any obligation or endeavor to launch publicly any updates or revisions to any forward-looking statements to replicate any change in our expectations or any change in occasions, circumstances or circumstances on which any such assertion relies, besides as required by legislation.
