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Stock impact report

Late Lunar New Year Boosts February Cargo Volume at US Ports [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
The numbers were largely aided by the later Lunar New Year in 2024, which started Feb. 10 compared to Jan. 22 in the year prior. With the later start, more product had likely already reached the U.S. by the time China's two-week factory break began. More from Sourcing Journal FMC to Ocean Carriers: Post-Baltimore Bridge Late Fees Must be 'Reasonable' Container Cleanup at Baltimore Bridge Crash Site Begins After Biden Visit Maersk to Phase Out Panama Canal 'Land Bridge' in May The February results, which were included in the monthly Global Port Tracker report compiled by the National Retail Federation (NRF) and Hackett Associates, were slightly ahead of initial expectations of 1.9 million TEUs. Lunar New Year is expected to have the inverse impact on March numbers, with projected TEUs coming in at 1.8 million. While this would still mark an 11 percent year-over-year bump above the year-ago period, total inbound cargo volume at U.S. ports would be down 7.8 percent from Febr Show less Read more
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