Global Trade Intelligence

Global Trade Magazine shares insights from Descartes’ Ted Rowe on how specialized duty recovery practices can help importers recoup duty overpayments, a critical strategy for many given an estimated 80%-90% of businesses importing goods into Canada overpay customs duties or miss out on available refunds.

BUENOS AIRES, Argentina and ATLANTA, Georgia, February 21, 2024 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Ecotape, an Argentine auto parts manufacturer, increased international sales by 30% in 2023 using Descartes’ global trade intelligence solution, Descartes Datamyne™. The company was able to identify potential buyers based on commodity-level trading volume and value of prospective customers.   

gCaptain features findings from Descartes’ latest global shipping report, showing that January 2024’s 7.9% surge in U.S. container imports marks the largest month-over-month growth for January in the last seven years and was primarily fueled by a 14.9% rise in imports from China.

Logistics Management features insights from Descartes’ latest global shipping report, which shows annual and sequential gains for United States-bound container imports driven, in large part, by imports from China.

Bloomberg cites data from Descartes’ latest global shipping report, showing that China’s share of U.S. container imports in 2023 fell to 37.2%, the lowest since 2005 and down from a 2018 peak of 44.6%. Over that same period, Vietnam’s share increased more than sixfold to 8.3%.

Wall Street Journal examines the uptick in U.S. freight activity to start 2024, citing the highest month-over-month growth in container imports in seven years, according to Descartes’ latest global shipping report, as a sign of rising demand.

gCaptain shares insights from Descartes latest global shipping report, which shows December U.S. container import volume was up nearly 10% compared to the same month last year and that no impacts of Red Sea shipping disruptions were evident in the latest data, though impacts could start to be felt this month.