Descartes Systems

Breaking: Descartes Systems acquires 3GTMS for $115M

Descartes Systems Group (NASDAQ: DSGX) has announced its acquisition of 3GTMS, a leading provider of cloud-based transportation management solutions. The deal, valued at approximately $115 million, marks a significant expansion of Descartes’ capabilities in the North American logistics market.

Waterloo, Ontario-based Descartes has long been a major player in logistics and supply chain technology, offering a suite of solutions that help companies optimize and digitize their operations. This...

https://www.freightwaves.com/news/descartes-systems-acquires-3gtms-for-115m

Leveraging new technology to source and secure carrier capacity

By Dan Cicerchi, VP and general manager, transportation management at Descartes

Freight brokers of all sizes have always faced fairly common challenges in securing carriers, but it can be particularly tough in today’s environment with rapidly changing volumes, shifting distribution models and a prolonged driver shortage. Add in COVID and other unexpected sources of supply chain disruption and brokers can find it exceptionally difficult to find the right carriers for new customers, lanes, modes...

https://s29755.pcdn.co/news/leveraging-new-technology-to-source-and-secure-carrier-capacity

Descartes Systems Q2 profit jumps 22%

Containers stacked at a port. Descartes Systems reported a jump in Q2 profits on higher demand for supply chain software products.

Descartes Systems Group (NASDAQ:DSGX) reported a 22% increase in net income in its second-quarter financial results Wednesday as the Canadian supply chain software provider pushed its profits higher on steady revenue growth.

Descartes had net income of $10.5 million, or 12 cents per share, on $84 million in revenue. The company’s revenue increased by 4% compared to a year earlier. The results were in line with analysts’ expectations, according to Yahoo Finance. 

The results suggest demand for...

https://s29755.pcdn.co/news/descartes-systems-q2-profit-jumps-22