The following matters, as set out in more detail in its Management Information Circular dated May 1, 2024, were considered and voted on by shareholders at the Meeting: Election of Directors On a vote by ballot, KPMG LLP, Chartered Professional Accountants and Licensed Public Accountants, were appointed as the auditors of the Corporation until the close of the next annual meeting of shareholders or until their successors are appointed. Meeting Results The total number of common shares of the Corporation repr ...

The company is looking to integrate BoxTop solutions with its Global Logistics Network ("GLN") platform. The acquisition of BoxTop will aid Descartes in expanding its footprint in Europe. BoxTop platform helps in the safe movement of goods through various stages from quoting, routing, booking and final delivery. At present, it uses Descartes' GLN to provide customers the visibility into shipments across various transportation modes and to execute electronic customs filings. The Descartes Systems Group Inc ( ...

In terms of areas of focus, for the 7th consecutive year, real-time transportation visibility held the top spot for greatest transportation IT investment. Visibility was cited as the priority technology investment by 36% of respondents and was closely followed by order management at 35% in the 2nd spot. Jumping into the 3rd spot, fleet routing was noted by 29% of respondents as an important technology investment, compared to being 8th in 2023. Carrier sourcing continued to decline as an IT investment area f ...

In terms of areas of focus, for the 7th consecutive year, real-time transportation visibility held the top spot for greatest transportation IT investment. Visibility was cited as the priority technology investment by 36% of respondents and was closely followed by order management at 35% in the 2nd spot. Jumping into the 3rd spot, fleet routing was noted by 29% of respondents as an important technology investment, compared to being 8th in 2023. Carrier sourcing continued to decline as an IT investment area f ...

Based in the UK, BoxTop helps LSPs digitize their operations and connect to the wider logistics community to manage the lifecycle of shipments. LSPs use the BoxTop platform to manage the secure and efficient movement of goods from quoting through to routing, booking, and final delivery. BoxTop is an existing Descartes partner, leveraging the Descartes Global Logistics Network ("GLN") to help their clients gain visibility into shipments across multiple modes of transportation and to complete electronic custo ...

Core Insights - Descartes Systems Group has acquired BoxTop Technologies Limited, enhancing its shipment management solutions for small- to mid-sized logistics services providers [1][2] - The acquisition cost approximately £10.25 million ($13 million), funded through cash on hand [2] - BoxTop's platform aids logistics services providers in digitizing operations and managing the shipment lifecycle efficiently [5][6] Company Overview - Descartes is a leader in providing software-as-a-service solutions aimed at improving productivity, security, and sustainability in logistics [3] - The company operates a collaborative multimodal logistics community, offering various services including shipment planning, tracking, and customs documentation [3] Strategic Implications - The acquisition is expected to integrate BoxTop's solutions with Descartes' Global Logistics Network, expanding service offerings and geographic reach in Europe [2][5] - Descartes aims to ensure that small- to mid-sized logistics services providers have access to comprehensive solutions for secure and efficient shipment management [6]

Descartes Systems (DSGX) recently announced that Yellow Diamond Logistics, a noted third-party logistics company certified with the Transportation Security Administration is embracing Descartes technology to streamline its operations and boost AI-powered capacity sourcing. The Descartes Aljex solution has been instrumental in enhancing operational efficiency by automating and simplifying key freight broker activities. From order entry, lane rate comparison, covering loads and rate confirmation to carrier ac ...

ATLANTA and LONDON, June 04, 2024 (GLOBE NEWSWIRE) -- Descartes Systems Group (NASDAQ:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Yellow Diamond Logistics, a leading Transportation Security Administration (TSA)-certified third-party logistics (3PL) company, is using Descartes technology for transportation management, real-time freight visibility and AI-driven capacity sourcing. By using the Descartes Aljex™ transportation management system (TMS), ...

Descartes Systems (DSGX) reported first-quarter fiscal 2025 non-GAAP earnings per share (EPS) of 40 cents, which missed the Zacks Consensus Estimate of 42 cents. The bottom line increased 18% year over year. Revenues in the quarter totaled $151.3 million, beating the Zacks Consensus Estimate by 0.9%. The top line grew 11% year over year. Synergies arising from the acquisition of OCR and Thyme ASD in the fiscal first quarter, along with healthy momentum in services revenues, led to the expansion. Also, acqui ...

So Ed, when you guys do a couple of relatively large acquisitions in the quarter, is the thought that from here, you pause for a little bit and see how they perform? Or you think that there's more to go in terms of M&A activity over the course of the year? Scott Group And I think some of the challenges I mentioned with the Red Sea and the Panama Canal are contributing to that. You probably also just have -- they're doing all right, right now so they're taking that opportunity to raise rates. It doesn't real ...