Descartes Releases July Report on Global Shipping Crisis: Record Container Import Volumes but Signs
ATLANTA, Georgia, July 18, 2022 -- Descartes Systems Group (Nasdaq: DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, released its July report on the ongoing global shipping crisis and analysis for logistics and supply chain professionals. The report shows another record month of U.S. ocean container import volume in June 2022 versus June 2021. While volumes are lower than May 2022’s all-time record, they remain above the level that has caused port congestion and delays for the last 15 months. A number of factors such as the economy, inflation, high fuel costs and an increase in ships waiting off ports continue to make managing supply chain risk challenging.
At the halfway mark of 2022, container imports into the U.S. set another monthly record, as TEU volume was up 3% from May 2021 to 2,480,946 and up 26% from pre-pandemic June 2019. Every month in 2022 has been a record month when compared to previous years. June container import vo ....
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