ATLANTA, Georgia, July 10, 2023 – Descartes Systems Group (Nasdaq: DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, released its July Global Shipping Report for logistics and supply chain professionals. In June 2023, U.S. container import volumes decreased slightly compared to May 2023. Although the decline was not as much as in previous years, volumes were higher than pre-pandemic 2019. Port transit times decreased to their lowest levels since Descartes began tracking them. The U.S. West Coast labor situation appears to be resolved with a tentative agreement between the parties, but the major Canadian West Coast ports are in the throes of a strike. The July update of the logistics metrics Descartes is tracking shows slightly stronger import volume performance than previous years and signs that key challenges to global supply chain performance in 2023, such as U.S. West Coast labor relations and port transit time delays, continue to improve.
June 2023 U.S. container import volumes decreased 0.7% from May 2023 to 2,081,793 twenty-foot equivalent units (TEUs) (see Figure 1). Versus June 2022, TEU volume was down 16.1%, but up 6.0% from pre-pandemic June 2019. Unlike the first four months of 2023, the growth in import volume in June accelerated past 2019 volumes by 2.1% for the same period in each year.
Figure 1. U.S. Container Import Volume Year-over-Year Comparison
Source: Descartes Datamyne™
The June report is Descartes’ twenty-third installment since beginning its analysis in August 2021. To read past reports, learn more about the key economic and logistics factors driving the global shipping crisis, and review strategies to help address it in the near-, short- and long-term, visit Descartes’ Global Shipping Resource Center.
Figure 2: May to June U.S. Container Import Volume Comparison
Source: Descartes Datamyne™
The June report is Descartes’ twenty-third installment since beginning its analysis in August 2021. To read past reports, learn more about the key economic and logistics factors driving the global shipping crisis, and review strategies to help address it in the near-, short- and long-term, visit Descartes’ Global Shipping Resource Center.
About Descartes
Descartes (Nasdaq:DSGX) (TSX:DSG) is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, security and sustainability of logistics-intensive businesses. Customers use our modular, software-as-a-service solutions to route, track and help improve the safety, performance and compliance of delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world's largest, collaborative multimodal logistics community. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world. Learn more at www.descartes.com, and connect with us on LinkedIn and Twitter.
Global Media Contact
Cara Strohack
Tel: +1(800) 419-8495 ext. 202025
cstrohack@descartes.com
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