*Note: Annual estimates are extrapolated from the Q1 figures, multiplied by four to estimate full-year data.
Descartes chose to compare Q1 2023 to Q1 2019 because import volumes only differed by 0.19% during those time periods. The similarity in volumes provided an opportunity to extrapolate how much cargo had been lost by West Coast ports to other gateways, without too many other factors "muddying the data," said Chris Jones, EVP of industry and services at Descartes.
Descartes chose to compare Q1 2023 to Q1 2019 because import volumes only differed by 0.19% during those time periods. The similarity in volumes provided an opportunity to extrapolate how much cargo had been lost by West Coast ports to other gateways, without too many other factors "muddying the data," said Chris Jones, EVP of industry and services at Descartes.