Descartes Systems Group (Nasdaq: DSGX) (TSX:DSG) has released its July Global Shipping Report for logistics and supply chain professionals. The report reveals that in June 2023 U.S. container import volumes decreased slightly compared to May 2023. Although the decline was not as great 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 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 labour relations and port transit time delays, continue to improve.
“While June U.S. container import volumes were down, they did not recede as much as has happened in the past (see Figure 2),” said Chris Jones, EVP Industry Descartes. “Port transit time delays fell to their lowest level since Descartes started tracking them and the volume share at West Coast ports exceeded the share at East Coast ports for the first time since March 2022.”
This 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.
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