The Descartes Systems Group Inc. (DSGX) has announced a significant advancement in air cargo digitization through its Descartes Air Messaging solution, which streamlines the transmission of shipment data in accordance with the International Air Transport Association’s (“IATA”) ONE Record messaging standard. IATA’s ONE Record initiative aims to fully digitize air cargo messaging services by Jan. 1, 2026, replacing traditional Cargo-IMP and Cargo XML formats. This shift is intended to create a more unified an ...

MUNICH, Germany and ATLANTA, April 10, 2025 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that the Descartes Air Messaging™ solution has streamlined the transmission of air shipment data according to the International Air Transport Association’s (IATA) ONE Record messaging standard. IATA’s ONE Record initiative aims to help airlines, their partners and service providers digitize air cargo messaging serv ...

ATLANTA, April 03, 2025 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Texas-based Lane One Transport, a leader in freight brokerage, is automating inbound carrier communication and qualification using Parade CoDriver, a recently enhanced artificial intelligence (AI)-powered carrier engagement solution, integrated with the Descartes Aljex™ transportation management system (TMS) and Descartes MyCarri ...

ATLANTA, March 31, 2025 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that international freight forwarder Skypace is using the Descartes Global Price Management™ (GPM) solution to populate its self- service quote-to-book platform with accurate shipping rates and provide a digital-first experience for its growing customer base. Global Media Contact Cara Strohack Tel: 226-750-8050 cstrohack@descartes.com ...

The Descartes Systems Group Inc. (DSGX) recently acquired 3GTMS (3G), a prominent provider of transportation management solutions. The acquisition, valued at around $115 million, was completed using cash on hand. With this deal, Descartes aims to enhance its position as the global leader in uniting logistics-intensive businesses and further bolster its Global Logistics Network (GLN).3G’s transportation management solutions are designed to help shippers, third-party logistics providers and freight brokers im ...

Core Insights - Descartes Systems Group has acquired 3GTMS for approximately US $115 million, enhancing its transportation management capabilities for shippers and logistics service providers [1][3][4] - 3GTMS offers modern cloud-based transportation management solutions that improve costs, customer satisfaction, and efficiency for domestic over-the-road shipments [2][3] - The acquisition expands Descartes' carrier network in North America, particularly in truckload, less-than-truckload (LTL), and parcel modes, providing a comprehensive solution for logistics management [3][4] Company Overview - Descartes is a leader in providing software-as-a-service solutions aimed at improving productivity, security, and sustainability for logistics-intensive businesses [4] - The company operates a collaborative multimodal logistics community, offering various services including shipment planning, tracking, and customs documentation [4] Acquisition Details - The acquisition of 3GTMS was financed using cash on hand, with legal and financial advisory support from Gibson, Dunn & Crutcher LLP and Lincoln International LLC for 3GTMS, and Morgan, Lewis & Bockius LLP and Centerview Partners LLC for Descartes [3]

Core Insights - The study by Descartes Systems Group highlights that 39% of fast-growing companies view trade compliance as a competitive advantage, compared to 22% of slower-growing companies [1] - Technology is deemed very or extremely important for competitive advantage in trade compliance strategies by 57% of surveyed companies, with 72% of fast-growing companies affirming its significance [2][3] - Fast-growing companies allocate an average of eight personnel to trade compliance activities, while those expecting limited or no growth allocate an average of six [4] Technology and Trade Compliance - 86% of fast-growing companies consider technology fundamental or highly important to their growth strategies [3] - 47% of fast-growing companies invest in technology as the primary method to address international trade challenges, in contrast to 18% of companies anticipating limited or no growth [3] Compliance Team Structure - Companies with over 15% expected growth in the next two years have a more robust compliance team, averaging eight members dedicated to trade compliance [4] - The emphasis on building a well-resourced compliance team is a strategic move for higher-growth companies to leverage trade compliance as a competitive advantage [5] Survey Details - The study surveyed 887 corporate decision-makers in international trade compliance across various countries, aiming to understand strategies and technologies that provide competitive advantages [5]

Descartes Systems (DSGX) reported fourth-quarter fiscal 2025 non-GAAP earnings per share (EPS) of 43 cents, which met the Zacks Consensus Estimate. The bottom line expanded 16% year over year and 2% sequentially.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Revenues in the quarter totaled $167.5 million, beating the Zacks Consensus Estimate by 0.5%. The top line jumped 13% year over year, driven by healthy momentum in domestic logistics and supply chains. The company’s flagship, M ...

The Descartes Systems Group Inc. (NASDAQ:DSGX) Q4 2024 Earnings Conference Call March 5, 2025 5:30 PM ET Company Participants Scott Pagan - President and COO Ed Ryan - CEO Allan Brett - CFO Conference Call Participants Dylan Becker - William Blair John Campbell - Stephens Inc. Stephanie Price - CIBC Paul Treiber - RBC Capital Markets Kevin Krishnaratne - Scotiabank Cole Couzens - Wolfe Research John Shao - National Bank Mark Schappel - Loop Capital Markets Steven Li - Raymond James Robert Young - Canaccord ...

Financial Performance - For the quarter ended January 2025, Descartes Systems (DSGX) reported revenue of $167.5 million, which is a 13% increase compared to the same period last year [1] - The earnings per share (EPS) for the quarter was $0.43, up from $0.37 in the year-ago quarter [1] - The reported revenue exceeded the Zacks Consensus Estimate of $166.6 million by 0.54% [1] Revenue Breakdown - Revenue from Services was $156.50 million, surpassing the average estimate of $152.13 million based on two analysts [4] - Revenue from Licenses was $0.30 million, significantly below the average estimate of $1.36 million based on two analysts [4] - Revenue from Professional Services and Other was $10.70 million, also below the average estimate of $12.44 million based on two analysts, representing a year-over-year change of -3.6% [4] Stock Performance - Shares of Descartes Systems have returned -6% over the past month, compared to the Zacks S&P 500 composite's -4.1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating it may perform in line with the broader market in the near term [3]