Descartes Releases April International Transport Report
ATLANTA, Georgia, April 11, 2023 – Descartes Methods Group (Nasdaq: DSGX) (TSX:DSG), the worldwide chief in uniting logistics-intensive companies in commerce, launched its April International Transport Report for logistics and provide chain professionals. U.S. container import volumes in March 2023 elevated considerably from February 2023, largely pushed by the Ports of Los Angeles and Lengthy Seaside, which was very counter intuitive, however stored the month-to-month trendline aligned with pre-pandemic 2019 volumes. Regardless of general will increase, port transit delays stabilized for all ports. Imports from China continued their downward pattern and are virtually 10% decrease than their excessive in February 2022. The West Coast labor state of affairs has nonetheless not been sorted out. The March replace of the logistics metrics Descartes is monitoring reveals some consistency with pre-pandemic import quantity seasonality however continues to level to difficult world provide chain efficiency in 2023.
March 2023 U.S. container import volumes elevated 6.9% from February 2023 to 1,853,705 TEUs. TEU quantity was down 27.5% from March 2022, however up 4.2% from pre-pandemic March 2019. Two factors to think about with the March numbers: 1) March has 31 days versus 28 for February and a couple of) With the Chinese language Lunar New 12 months vacation occurring in January 2023, there nonetheless may very well be some affect on container import volumes in early March 2023.
“Container import volumes on the Ports of Los Angeles and Lengthy Seaside have been in decline, however in March they skilled vital will increase. 2023 continues to trace 2019 volumes,” mentioned Chris Jones, EVP Business and Companies at Descartes. “There was additionally excellent news in that the port transit delay occasions remained fixed regardless of the numerous quantity will increase.”
The March report is Descartes’ twenty-first installment since starting its evaluation in August 2021. To learn previous studies, be taught extra about the important thing financial and logistics components driving the worldwide transport disaster, and evaluation methods to assist tackle it within the near-, short- and long-term, go to Descartes’ International Transport Useful resource Heart.
About Descartes
Descartes (Nasdaq:DSGX) (TSX:DSG) is the worldwide chief in offering on-demand, software-as-a-service options centered on enhancing the productiveness, efficiency and safety of logistics-intensive companies. Clients use our modular, software-as-a-service options to route, schedule, monitor and measure supply sources; plan, allocate and execute shipments; charge, audit and pay transportation invoices; entry world commerce knowledge; 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 group. Our headquarters are in Waterloo, Ontario, Canada and we now have places of work and companions world wide. Study extra at www.descartes.com, and join with us on LinkedIn and Twitter.
International Media Contact
Cara Strohack
Tel: +1(800) 419-8495 ext. 202025
cstrohack@descartes.com
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