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Stock impact report

Surge of imports to US continues as possible East Coast port strike looms [Yahoo! Finance]

The Descartes Systems Group Inc. (DSGX) 
Last the descartes systems group inc. earnings: 3/4 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: descartes.com/descartes/investor-relations
Company Research Source: Yahoo! Finance
delayed cargo at major ports and anxiety builds over a threatened longshore worker strike on the East Coast and Gulf of Mexico on Oct. 1, trade data provider Descartes Systems Group said on Tuesday. U.S. seaports processed almost 2.5 million 20-foot equivalent units in August. That was 3% less than in July, when imports hit a 26-month high. Volume above 2.4 million TEU created bottlenecks and cargo backups in the early days of the pandemic, according to Descartes, a supply-chain software provider. The International Longshoremen's Association represents 45,000 dock workers at three dozen U.S. ports from Maine to Texas and handles almost half of the nation's ocean trade. ILA said last week its members are prepared to hit the streets if they do not have a new contract with the United States Maritime Alliance (USMX) employer group in place when the current six-year agreement expires on Sept. 30. The two sides are at an impasse over issues ranging from wages and benefits to automat Show less Read more
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