Descartes’ Global Shipping Crisis Report Shows 12% Decline in Nov. Import Volumes

Descartes’ World Delivery Disaster Report Reveals 12% Decline in Nov. Import Volumes

ATLANTA, Georgia, December 12, 2022 — Descartes Programs Group (Nasdaq: DSGX) (TSX:DSG), the worldwide chief in uniting logistics-intensive companies in commerce, launched its November report on the continuing international transport disaster and for logistics and provide chain professionals. The report reveals that November U.S. container import volumes declined to shut to November 2019 ranges. Port delays proceed to lower, however main East and Gulf Coast ports nonetheless have prolonged wait occasions versus main West Coast ports. Key financial indicators throughout this era paint a conflicting image about their affect on future import volumes and, mixed with COVID, the Russia/Ukraine battle and the West Coast labor scenario, proceed to level to additional disruptions and difficult international provide chain efficiency going into 2023.

November 2022 U.S. container import volumes declined 12.0% from October to 1,954,179 TEUs (see Determine 1). Versus November 2021, TEU quantity was down 19.4%, and solely 2.8% increased than pre-pandemic November 2019. Word that November is a shorter month (30 days) and comprises the U.S. Thanksgiving vacation, each of which might negatively affect container import volumes.

“Evaluating fall imports in 2022 to the earlier six years, November would have been anticipated to be decrease than October (see Determine 2); nevertheless, November 2022 had the best October-to-November decline since 2016 at 12%,” mentioned Chris Jones, EVP Trade & Providers at Descartes. “The November U.S. container import information reaffirms that the strain on provide chains and logistics operations has begun to carry, however there are nonetheless various points which will trigger additional disruptions in 2023.”

The December report is Descartes’ seventeenth installment since starting its evaluation in August 2021. To learn previous studies, study extra about the important thing financial and logistics components driving the worldwide transport disaster, and overview methods to assist deal with it within the near-, short- and long-term, go to Descartes’ World 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. Clients use our modular, software-as-a-service options to route, schedule, monitor and measure supply sources; plan, allocate and execute shipments; fee, 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 taking part on this planet’s largest, collaborative multimodal logistics group. Our headquarters are in Waterloo, Ontario, Canada and now we have places of work and companions world wide. Be taught extra at, and join with us on LinkedIn and Twitter.

Cautionary Assertion Concerning Ahead-Wanting Statements

This launch comprises forward-looking data throughout the that means of relevant securities legal guidelines (“forward- wanting statements”) that relate to Descartes’ resolution providing and potential advantages derived therefrom; and different issues. Such forward-looking statements contain identified 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 are usually not restricted to, the components and assumptions mentioned within the part entitled, “Sure Elements That September Have an effect on Future Outcomes” in paperwork filed with the Securities and Change 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 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 worth of our frequent shares may decline, maybe materially. Readers are cautioned to not place undue reliance upon any such forward-looking statements, which communicate solely as of the date made. Ahead-looking statements are offered for the needs of offering details about administration’s present expectations and plans referring to the longer term. Readers are cautioned that such data might not be acceptable for different functions. We don’t undertake or settle for any obligation or enterprise 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 legislation.

Similar Posts

Leave a Reply

Your email address will not be published.