Descartes Systems Group

US volumes break 2.5 million TEU mark in July; Imports from China set record high

According to Descartes Systems Group’s latest Global Shipping Report, July container volumes into the United States were the third highest on record, eclipsed only by the first- and second-highest volumes in May 2022 and March 2022, respectively.

Despite the increased volume in July, port transit time delays showed little impact with largely negligible improvement or decline.

“The August update of the logistics metrics monitored by Descartes reinforces the strength of US container imports since...

https://container-news.com/us-volumes-break-2-5-million-teu-mark-in-july-imports-from-china-set-record-high/

US container imports remain stable, with several potential global challenges to be seen

In March, US container import volumes saw marginal growth compared to February, edging up by only 0.4% to reach 2,145,341 TEUs.

However, TEU volumes experienced a significant increase of 15.7%, compared with the same month last year, and marked an even larger increase of 20.6%, compared with pre-pandemic levels in March 2019.

Notably, the impact of the Chinese Lunar New Year might have obscured even stronger growth, as the holiday commenced on 11 February and extended throughout the week,...

https://container-news.com/us-container-imports-remain-stable-with-several-potential-global-challenges-to-be-seen/

Descartes completes US$90 million acquisition of trade compliance solution provider

Canada-based Descartes Systems Group, a major player in connecting logistics-focused businesses in commerce globally, has announced its acquisition of US-headquartered OCR Services (OCR), a provider of solutions and content for global trade compliance, for approximately US$90 million.

OCR specializes in offering solutions and content for export compliance and controlled commodities, aiding customers in streamlining and automating processes related to denied party screening, license...

https://container-news.com/descartes-completes-us90-million-acquisition-of-trade-compliance-solution-provider/

US box imports increase in January

In January, US container imports surged by 7.9% compared to December 2023, reaching a total of 2.27 million TEUs, as indicated in the latest Global Shipping Report by Descartes Systems Group.

According to JIFFA (Japan International Freight Forwarders Association), these figures also represent a notable increase of 9.9% from January 2023 and a solid 9.6% rise from the pre-pandemic levels of January 2029.

Among the top 10 ports, import volumes experienced a significant uptick of 149,906 TEUs,...

https://container-news.com/us-box-imports-increase-in-january/

US imports up again in April as market mirrors pre-COVID ‘normal’

a chart showing volume of imports

Amid all the doom and gloom on container shipping and the talk of an impending recession, U.S. imports are rising off their lows. Inventory-to-sales ratios are still much higher than pre-COVID, yet monthly imports are now either at or above 2019 levels, depending on which data source you use.

U.S. ports imported 2,020,197 twenty-foot equivalent units of containerized cargo in April, Descartes said on Monday.

(Chart: Descartes. Data source: Descartes Datamyne)

That’s down 18% from a year ago,...

https://www.freightwaves.com/news/us-imports-up-again-in-april-market-mirrors-pre-covid-normal

Descartes provides ‘cautious’ outlook, reiterates long-term targets

Management from supply chain software-as-a-service provider Descartes said higher interest rates and inflation as well as the war in Ukraine have forced it to “remain cautious” on the near term. However, its retail customers are telling them shipment volumes are likely to increase as the year progresses.

The Canada-based company reported earnings of 34 cents per share for the 2023 fiscal fourth quarter ended Jan. 31, which was 12 cents higher year over year (y/y).

Revenue increased 11% y/y to...

Descartes snaps up e-commerce shipping solutions provider XPS Technologies for $65M

Descartes office in Ontario

Descartes, the 17th-century French mathematician, built his philosophy around acquiring knowledge. Descartes, the 21st-century logistics business, meanwhile, is building its philosophy around acquiring companies.

The Ontario, Canada-based software-as-a-service solutions provider on Monday announced that it purchased e-commerce shipping solutions company XPS Technologies for $65 million, rising to $75 million if certain revenue-based targets are met. XPS is Descartes’ (NASDAQ: DSGX) sixth...

https://www.freightwaves.com/news/descartes-snaps-up-e-commerce-shipping-solutions-provider-xps-technologies-for-65m

Descartes: Global demand, acquisition strategy fuel continued record revenue growth

Supply chain software provider Descartes Systems Group cites growth among its customer base and their willingness to invest in new technology for its record Q3 revenue.

“We generally do well as our customers do well, and a large portion of our customer base is continuing to do well. Ocean carriers, trucking companies, air cargo providers, freight forwarders, non-vessel-operating common carriers, freight brokers, customs brokers, third-party logistics providers — these are boom times for...

https://www.freightwaves.com/news/descartes-global-demand-acquisition-strategy-fuel-continued-record-revenue-growth

Descartes MacroPoint and FreightWaves SONAR integrated to deliver advanced transportation capacity management solution

Travis Rhyan, FreightWaves' Chief Product Officer, explains SONAR functionality. (Photo: FreightWaves)

Descartes Systems Group (Nasdaq: DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, and FreightWaves, an industry-leading provider of data, analytics and news for global supply chains and logistics, announced that FreightWaves SONAR Lane Score data is now available in the Descartes MacroPoint Capacity network. The combination provides freight brokers with a single solution to see available capacity and market pricing intelligence per transportation lane.

“...

https://www.freightwaves.com/news/descartes-macropoint-and-freightwaves-sonar-integrated-to-deliver-advanced-transportation-capacity-management-solution

Descartes continues customer-driven acquisition strategy with GreenMile purchase

In the supply chain software provider’s earnings call in June, Descartes Systems Group’s CEO explained the company’s recent spree of acquisitions in order to fulfill customers’ growing business needs.

“We listen to our customers about where to invest for the future, and as a result, our acquisition strategy is very much customer-driven,” said Edward J Ryan. 

“Last year, we bought three businesses and this year we’ve already bought two. We believe there continues to be a number of good quality,...

https://www.freightwaves.com/news/descartes-continues-customer-driven-acquisition-strategy-with-greenmile-purchase

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