Higher ocean volumes propel Descartes’ Q1

Supply chain software provider Descartes said demand from its customer base of logistics service providers improved as its fiscal first quarter progressed.

The Canada-based company said international ocean container shipments are strengthening and benefiting from higher pricing due to disruptions in the Red Sea and Panama Canal. It expects the higher ocean shipments to eventually bleed through and result in higher domestic truck volumes.

Descartes (NASDAQ: DSGX) reported earnings per share of 40...


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