Descartes Releases September Report on International Delivery Disaster
ATLANTA, Georgia, September 13, 2022 — Descartes Programs Group (Nasdaq: DSGX) (TSX:DSG), the worldwide chief in uniting logistics-intensive companies in commerce, launched its September report on the continuing world delivery disaster and evaluation for logistics and provide chain professionals. The report reveals that August 2022 U.S. ocean container import volumes decreased barely in comparison with July 2022 totals however remained above the extent that has brought on port congestion and delays for the final 18 months. The financial system, inflation and excessive gasoline prices have but to decelerate import volumes, and a rise in wait instances for ships arriving at East and Gulf Coast ports continues to make managing provide chain efficiency difficult. Nevertheless, August was the primary month in two years that didn’t set a report for import volumes.
Container imports into the U.S. in August had been 2,529,042 TEUs, down 1.8% versus August 2021 and 0.1% versus July 2022; nonetheless, this determine remains to be 18% larger than pre-pandemic August 2019 (see Determine 1). That is the primary month since August 2020 that import volumes didn’t break the earlier year-over-year report.
“Whereas down barely from August 2021 and July 2022, the August numbers present that the U.S. financial system, inflation and excessive gasoline prices nonetheless haven’t had the anticipated opposed impact on container import quantity,” mentioned Chris Jones, EVP Business & Providers at Descartes. “The continued shift from West Coast ports and better total volumes are lengthening delays at main East and Gulf Coast ports (see Determine 2) and maintaining the variety of ships ready on the water excessive, which can delay the unpredictable nature of world provide chain efficiency.”
The September report is Descartes’ fourteenth installment since starting its evaluation in August 2021. To learn previous experiences, study extra about the important thing financial and logistics components driving the worldwide delivery disaster, and assessment methods to assist handle it within the near-, short- and long-term, go to Descartes’ International Delivery Disaster 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 bettering the productiveness, efficiency and safety of logistics-intensive companies. Prospects 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 information; file customs and safety paperwork for imports and exports; and full quite a few different logistics processes by collaborating on the planet’s largest, collaborative multimodal logistics neighborhood. Our headquarters are in Waterloo, Ontario, Canada and now we 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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This launch comprises forward-looking info inside the which means of relevant securities legal guidelines (“forward-looking statements”) that relate to Descartes’ answer providing and potential advantages derived therefrom; and different issues. Such forward-looking statements contain recognized and unknown dangers, uncertainties, assumptions and different components that September 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 embody, however will not be restricted to, the components and assumptions mentioned within the part entitled, “Sure Components That September Have an effect on Future Outcomes” in paperwork filed with the Securities and Trade Fee, the Ontario Securities Fee and different securities commissions throughout Canada together with Descartes’ most just lately filed administration’s dialogue and evaluation. If any such dangers really happen, they might materially adversely have an effect on our enterprise, monetary situation or outcomes of operations. In that case, the buying and selling value of our frequent shares might 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 offered for the needs of offering details about administration’s present expectations and plans regarding the longer term. Readers are cautioned that such info September 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, situations or circumstances on which any such assertion is predicated, besides as required by legislation.
