Descartes Releases April Global Shipping Report

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, and join with us on LinkedIn and Twitter.

International Media Contact

Cara Strohack

Tel: +1(800) 419-8495 ext. 202025

Cautionary Assertion Relating to Ahead-Trying Statements

This launch incorporates forward-looking data 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 truly 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 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 longer term. Readers are cautioned that such data is probably not acceptable 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 mirror any change in our expectations or any change in occasions, circumstances or circumstances on which any such assertion is predicated, besides as required by regulation.

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