Cautious optimism is creeping in amid early signs that the worst of global trade’s slump may be over. Bloomberg’s latest Trade Tracker posted this year’s best readings yet, with only four out of 10 indicators in below-normal range. It’s a significant...
LOGISTICS MANAGEMENT – September U.S.-bound imports buck seasonal trend, with a slight gain over August, reports Descartes
The new edition of the September Global Shipping Report, which was recently issued by Waterloo, Ontario-based Descartes, a provider of logistics based on-demand, software-as-a-service offerings, was atypical in that U.S. container import volumes saw a modest...
FREIGHTWAVES – US container imports still rising, topping pre-COVID levels
There has been no shortage of doom and gloom about the “plunge” in U.S. imports this year. And yet, the numbers still don’t show anything to be particularly gloomy about. U.S. imports have been rising month on month since February. They were up sequentially yet again...
YAHOO FINANCE – As US holiday shopping season nears, retailers importing like it is 2019
Oct 10 (Reuters) - This holiday season, U.S. retailers are importing like it is 2019. After a spending spree on goods that began during early COVID-19 lockdowns in 2020, U.S. consumer patterns are normalizing. U.S. ocean container import growth over the first nine...
LLOYD’S LIST – Retailer optimism to boost US imports
A projected rise in US import volumes suggests retailers are optimistic about the holiday season, while the Federal Reserve’s interest rate hikes are taking a toll on retail sales and the US economy is showing signs of slowing. Meanwhile, US supply chains have so far...
AJOT – Descartes releases September Global Shipping Report
Descartes Systems Group, the global leader in uniting logistics-intensive businesses in commerce, released its September Global Shipping Report for logistics and supply chain professionals. In August 2023, U.S. container import volume increased slightly compared to...
GCAPTAIN – West Coast Container Ports Regain Some Market Share with Labor Situation Resolved
U.S. container import volumes increased slightly in August compared to the previous month, consistent pre-pandemic peak-season patterns, according to Descartes Systems Group’s September Global Shipping Report. The report shows that U.S. container import volumes...
FREIGHTWAVES – US container imports rise in line with pre-COVID peak season pattern
Container shipping spot rates in the trans-Pacific trade started to rise in late June and remain near their highs for 2023. The question is: How much of this rate gain is driven by peak season demand, and how much by shipping lines intentionally constraining capacity?...
REUTERS – US West Coast ports gained market share in August after labor deal, report says
LOS ANGELES, Sept 11 (Reuters) - U.S. West Coast ports, which reached a labor deal with their workers this summer, gained market share in August from the previous month, while their main rivals on the East Coast lost ground, Descartes Systems...
YAHOO FINANCE – US container imports rise in line with pre-COVID peak season pattern
Container shipping spot rates in the trans-Pacific trade started to rise in late June and remain near their highs for 2023. The question is: How much of this rate gain is driven by peak season demand, and how much by shipping lines intentionally constraining capacity?...