Latest news with #Descartes
Fibre2Fashion
12-07-2025
- Business
- Fibre2Fashion
ChinaâUS container volumes down 28% in June 2025
China-origin container volumes to the US remained significantly subdued in June 2025, totalling 639,300 twenty-foot equivalent units (TEUs)—flat month-on-month (MoM) but 28.3 per cent below June 2024 levels, according to The Global Shipping Report released by Descartes. China's share of total US imports dropped to 28.8 per cent, its lowest since 2021, reflecting the lingering effects of elevated tariffs, sourcing diversification, and the phased revocation of the de minimis exemption. China-origin container volumes to the US stayed flat MoM in June 2025 at 639,300 TEUs, but dropped 28.3 per cent YoY. China's share of US imports hit a low of 28.8 per cent amid tariffs, de minimis rule revocation, and trade rerouting. E-commerce brands face margin pressure, while Red Sea disruptions and tariff uncertainty ahead of the August 10 truce expiry add to trade risks. The marginal recovery in overall US imports in June (up 1.8 per cent from May to 2,217,675 TEUs) was not mirrored by China. Analysts point to uncertainty ahead of the August 10 expiry of the US–China tariff truce, which temporarily reduced tariffs from 145 per cent to 30 per cent. New tariffs on Vietnamese re-exports—often used to bypass direct China sourcing—have further constrained trade flows. E-commerce brands have been hit particularly hard. The revoked de minimis rule, replaced with a 54 per cent duty as of mid-May, continues to erode margins and increase compliance costs. Wider geopolitical tensions are amplifying trade risk. Shipping through the Red Sea and Bab el-Mandeb Strait remains depressed—nearly 50 per cent below early 2024 levels—as carriers reroute vessels around the Cape of Good Hope, increasing costs and delays on Asia–US and Asia–Europe lanes. The Iran–Israel conflict and persistent Houthi attacks have stalled any return to Red Sea routes. With China-origin imports historically concentrated through West Coast ports, the impact of reduced volumes has been partially offset by tariff-induced rerouting and a surge in trade from other Asian economies. Yet analysts said that unless there is clarity on tariff policy post-August, the slowdown in China trade may extend well into the second half of 2025. Fibre2Fashion News Desk (HU)
Fibre2Fashion
11-07-2025
- Business
- Fibre2Fashion
US container imports recover modestly in June, led by West Coast
After a sharp drop in May, US container import volumes stabilised in June 2025, rising 1.8 per cent month-on-month (MoM) to 2,217,675 twenty-foot equivalent units (TEUs), according to The Global Shipping Report released by Descartes. While still 3.5 per cent below June 2024 levels, the recovery suggests early signs of adaptation in supply chains amid persistent tariff uncertainty and volatile trade flows. A shift occurred in port market share, with West Coast gateways regaining dominance. Los Angeles led the rebound with a 29.1 per cent surge, followed by Long Beach (+18.8 per cent) and Tacoma (+33.3 per cent). Collectively, West Coast ports captured 45.4 per cent of top-port volumes—up from 38.1 per cent in May—while East and Gulf Coast ports declined to 38.7 per cent. Transit delays improved significantly in June, dropping from 54.4 days in May to 44.0 days across major US ports. Los Angeles and Long Beach saw the greatest improvements, with delays reduced by 2.1 and 3.3 days, respectively. New York/New Jersey held steady at 5.8 days, while southern ports like Savannah and Houston posted moderate gains, as per the report. By contrast, Gulf Coast ports, which had seen steady growth earlier in the year, faltered in June. Imports into the region fell 24.8 per cent to 192,883 TEUs—erasing three months of gains and landing 15.1 per cent below the rolling 12-month average. The broader macroeconomic picture is mixed. While the US added 147,000 jobs in June and unemployment edged down to 4.1 per cent, manufacturing employment slipped for the second straight month. The Federal Reserve's decision to hold interest rates at 4.25–4.50 per cent highlights the balance between inflation control and economic caution. As the Liberation Day tariff pause ends on July 9 and trade policy uncertainty mounts, importers and logistics providers will need to remain agile, the report said. US container imports rose 1.8 per cent MoM in June 2025 to 2.22 million TEUs, signalling stabilisation after May's sharp drop. West Coast ports led gains, with Los Angeles and Long Beach rebounding strongly. Transit delays eased, but Gulf Coast volumes fell 24.8 per cent. As tariff pauses end and uncertainty builds, port performance remains a key indicator heading into peak season. Fibre2Fashion News Desk (HU)
Yahoo
09-07-2025
- Business
- Yahoo
June rebound as West Coast containers best East, Gulf ports
In June 2025, U.S. container import volumes experienced a modest rebound, marking a stabilization after May's sharp decline. Data from Descartes reveals a 1.8% increase in container imports to 2,217,675 twenty foot equivalent units, narrowing the year-over-year decline to 3.5%. This rebound suggests that U.S. importers are beginning to adapt their supply chains amid ongoing tariff and policy shifts, with year-to-date import volumes tracking 3.8% above 2024 levels. The shift in port dynamics was noticeable, with top West Coast ports regaining momentum. Los Angeles experienced a 29.1% increase in volume, adding 103,884 TEUs, while Long Beach saw an 18.8% rise, contributing an additional 58,492 TEUs. Tacoma's volume increased by 33.3%, highlighting a strong performance on the West Coast. Conversely, most East and Gulf Coast ports reported significant declines. Savannah saw a decrease of 16.9%, and Houston experienced a 15.8% drop in volumes. Overall, the top 10 U.S. ports handled a combined volume showing a 3.1% rise month-over-month. Despite a slight month-over-month increase of 0.4% to 639,300 TEUs, U.S. imports from China were down 28.3% from June 2024, reflecting the sustained impact of elevated tariffs and the rollback of the de minimis exemption. Categories such as furniture and plastics saw sharp year-over-year declines. With China-origin imports constituting only 28.8% of total U.S. imports — the lowest in four years — importers are pushing toward diversification, favoring Southeast Asian countries. Vietnam, for example, increased its export volumes to the U.S. by 7.7% over May, indicating a shift in sourcing strategies. Port delays improved notably in June, particularly at key West Coast ports such as Los Angeles and Long Beach, which saw reductions in congestion by 2.1 and 3.3 days, respectively. This improvement signals an easing of the bottlenecks prevalent in May. East and Gulf Coast ports, while experiencing smaller gains, remained more stable with minimal changes in transit times. As of July 2025, the U.S.–China trade relationship remains under a temporary truce, with a framework agreement in development following May's tariff reduction to 30%, down from 145%. However, upcoming deadlines in July and August could trigger renewed tensions if unresolved disputes persist. Meanwhile, worsening disruptions in the Red Sea due to Houthi attacks on shipping and Iran–Israel conflicts continue to impact global shipping routes, forcing carriers to reroute vessels, leading to higher costs and extended transit had recommendations to manage supply chain risk: Monitor tariff deadlines: With upcoming expirations of key tariff agreements, modeling the impacts of potential increases is critical for planning. Assess port volumes and delays: Given the historical strain on U.S. logistics infrastructure at certain volumes, continuous monitoring is essential. Track geopolitical risks: Ongoing Middle Eastern conflicts necessitate strategic assessments of routing options and potential alternatives. Diverse sourcing: Evaluating supplier and factory locations can mitigate risks associated with over-reliance on specific regions, a crucial step in maintaining supply chain resilience. Find more articles by Stuart Chirls Newark opens new electric drayage charging station Italy shipbuilder appoints new US chief Crowley adds new U.S. Northeast ocean service with Central America Merchant vessel attacked in Red Sea The post June rebound as West Coast containers best East, Gulf ports appeared first on FreightWaves.
Yahoo
08-07-2025
- Business
- Yahoo
Descartes Launches FraudGuard 2.0 to Combat Freight and Cargo Fraud
The Descartes Systems Group Inc. DSGX has launched Descartes MacroPoint FraudGuard 2.0—an enhanced freight fraud detection technology aimed at helping shippers, freight brokers and third-party logistics providers (3PLs) tackle increasingly advanced fraud and cargo theft tactics. The updated solution brings new capabilities that span pre-tender, pre-pickup and in-transit stages of shipments. This enables businesses to maintain a reliable, compliant carrier network while improving decision-making accuracy and identifying risks like identity fraud or double brokering before they escalate into financial or reputational losses. The Descartes Systems Group Inc. price-consensus-chart | The Descartes Systems Group Inc. Quote FraudGuard 2.0 leverages Descartes MacroPoint's comprehensive historical and real-time freight visibility data to enhance shipment protection. It automates in-transit risk monitoring and provides timely alerts, allowing users to assess carrier and driver legitimacy quickly without delaying shipment assignments. The system also actively monitors for 16 critical risk indicators, such as identity spoofing and unusual travel behaviors, helping companies stay ahead of potential threats. Key features of FraudGuard 2.0 include a Carrier and Driver Lookup Tool that gives users quick access to carrier performance and risk profiles via Department of Transportation numbers or phone numbers, enabling more informed load planning. Custom Carrier Insights alerts users to suspicious behavior, including the use of VoIP numbers or excessive load acceptance. Meanwhile, continuous In-Transit Risk Monitoring detects anomalies like GPS spoofing, route deviations and abnormal stops, ensuring faster responses to theft or tampering attempts. Management highlighted that the new features provide greater visibility and control, enabling customers to better safeguard their operations, brand reputation and bottom line. Enhanced security not only supports compliance but also helps logistics firms differentiate their services while minimizing fraud-related losses. Descartes recently reported first-quarter fiscal 2026 non-GAAP earnings per share of 41 cents, which lagged the Zacks Consensus Estimate by 10.9%. The bottom line grew 2.5% year over year but fell 4.7% sequentially. Revenues in the quarter were up 11.5% year over year, driven by acquisition synergies and steady growth from new and existing customers, especially in global trade intelligence and MacroPoint freight visibility. However, the top line missed the consensus mark due to a volatile macroeconomic environment and the pressures faced by shippers, carriers and logistics service providers. In March 2025, Descartes acquired 3GTMS for $112.7 million, enhancing its TMS capabilities to better support global shippers and logistics providers. To address macroeconomic challenges, DSGX launched a cost-reduction plan, including a 7% workforce cut and $4 million in restructuring charges during the second quarter of fiscal 2026, which will also affect cash flow. However, it anticipates annualized savings of $15 million once the plan is fully implemented. DSGX currently carries a Zacks Rank #3 (Hold). Shares of the company have gained 2.1% in the past year compared with the Zacks Computer-Software industry's growth of 14.3%. Image Source: Zacks Investment Research Some better-ranked stocks from the Computer Software space are Intuit Inc. INTU, Microsoft Corporation MSFT and ACI Worldwide, Inc. ACIW. INTU sports a Zacks Rank #1 (Strong Buy), while MSFT and ACIW carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here. Intuit's earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 12.15%. In the last reported quarter, INTU Holdings delivered an earnings surprise of 6.98%. Its shares have soared 25.6% in the six months. Microsoft's earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 5.21%. In the last reported quarter, MSFT delivered an earnings surprise of 8.13%. The company's long-term earnings growth rate is 14.8%. Its shares have advanced 17.7% in the past six months. ACI Worldwide's earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 66.64%. In the last reported quarter, ACIW delivered an earnings surprise of 54.55%. Its shares have jumped 16.8% in the past year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report Intuit Inc. (INTU) : Free Stock Analysis Report ACI Worldwide, Inc. (ACIW) : Free Stock Analysis Report The Descartes Systems Group Inc. (DSGX) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
08-07-2025
- Business
- Reuters
US ocean imports from China tumbled 28% in June on tariff hikes
LOS ANGELES, July 8 - U.S. imports of containerized goods from China tumbled 28.3% year-on-year in June, after higher tariffs on goods from the country's top ocean trade partner extended a steep drop that began in May, supply chain technology provider Descartes ( opens new tab said on Tuesday. Overall U.S. container imports fell 3.5% from June 2024 levels, coming in at 2.2 million 20-foot equivalent units (TEUs). China imports totaled 639,300 TEUs last month, according to Descartes' analysis of bill of lading data from U.S. customs. The retreat followed an extended run of near-record imports fueled by importers rushing in goods to beat tariff deadlines. China's share of U.S. imports hit 28.8% in June, well below the July 2024 peak of 40%. As a result, popular imports from China, from furniture and toys to textiles and footwear, tumbled last month. At the same time, imports from several Southeast Asian countries, including Vietnam, Indonesia and Thailand surged as retailers and other imports diversified sourcing. U.S. ocean imports appear to be stabilizing after the 7.2% year-on-year drop in May, said Jackson Wood, director of industry strategy at Descartes. Year-to-date, total imports through June are tracking 3.8% above 2024, though growth has slowed compared to earlier in the year, Descartes said. "This isn't as bad as it could have been or as bad as we thought it was going to be," Wood said. Still, uncertainty over U.S. tariffs is likely to persist. The U.S.-China trade truce that lowered punitive tariffs is set to expire on August 10. Trump on Monday signed an executive order extending the partial U.S. tariff rate reprieve on many countries, changing it from July 9 to August 1.
