Descartes Sys Group Inc - DSGX STOCK NEWS

Descartes Systems Group (Nasdaq:DSGX) announced that Illinois-based freight forwarder American Lamprecht is implementing Descartes' shipment tracking capabilities for enhanced visibility of air and ocean shipments. The solution is integrated with Descartes' cloud-based forwarder enterprise billing and accounting system.

The implementation allows American Lamprecht to provide customers with real-time shipment status tracking and location information, reducing manual tracking efforts while improving service standards. The system operates through the Descartes Global Logistics Network, connecting to various carriers and populating data into Descartes OneView Forwarder Enterprise, a multimodal back-office solution used by thousands of forwarders and customs brokers.

The combined solution offers real-time visibility, predictive ETAs, intelligent alerts, and consolidated data from a single source, enabling better decision-making and risk management for logistics service providers.

Descartes Systems Group (DSGX) announces technology innovations to its global trade intelligence software suite, to be showcased at their Innovation Forum in Washington, DC (Feb 11-12, 2025). The enhancements focus on helping companies manage cross-border trade more efficiently amid complex regulations and geopolitical challenges.

Key innovations include: AI-enabled screening and classification to scale compliance operations, reducing false positives and accelerating product lookups; an AI-based agent for multilingual trade intelligence queries; expanded global trade content for comprehensive risk assessments; enhanced analytics using Microsoft Power BI for unified reporting; and expanded capabilities for export controls and license management, particularly for East Asian countries.

Descartes Systems Group (DSGX) has announced it will release its fiscal 2024 fourth-quarter and year-end financial results after market close on Wednesday, March 5, 2025. The company will host a conference call with executive management at 5:30 PM ET on the same day to discuss the results.

Investors can join via phone using +1 289 514 5100 or toll-free at +1 800 717 1738 (Passcode: 45440#), or through an audio webcast on the company's investor relations website. Conference replays will be available until March 12, 2025, through phone dial-in or archived webcast.

Descartes Systems Group (DSGX) has released a comprehensive study revealing that 74% of supply chain and logistics leaders consider technology fundamental or highly important for organizational growth amid global trade challenges. This percentage increases to 88% for companies projecting over 15% growth in the next two years.

The study, surveying 978 supply chain intelligence leaders globally, found that 59% of respondents view technology as important for competitive advantage in international trade. Global trade intelligence emerged as the top technology capability (36%) expected to deliver the greatest value in the next two years, followed by global trade analytics (27%) and supply chain mapping (26%).

Across industries, global trade intelligence was consistently ranked as the primary technology capability, with wholesale and distribution leading at 44%, manufacturing at 40%, finance and insurance at 38%, and retail at 30%.

Descartes Systems Group (Nasdaq:DSGX) announced that Giltner Logistics, a leading asset-backed 3PL provider, is enhancing its financial operations through the integration of Descartes Aljex™ TMS with Upwell's accounts receivable technology.

The integrated solution automates customer invoicing and enhances payment workflows, resulting in reduced manual work and improved days-to-pay metrics. The cloud-based Descartes Aljex TMS helps freight brokers increase operational efficiency by automating daily brokerage activities, while the Upwell integration shortens cash cycles and ensures quicker payments.

According to Todd Baughman, VP of Technology at Giltner, the solution helps fulfill their mission of simplifying customer supply chains through technology and expertise, creating efficient, frictionless shipping processes.

Descartes Systems Group announced that IDS, a European transport management specialist and 4PL provider, is implementing Descartes' cloud-based transportation management system (TMS) to enhance customer experience and optimize operations. The solution helps IDS reduce costs across all transport modes through automated carrier evaluation and shipment consolidation.

The system generates consolidated pre-bills for shipments according to contractual tariffs and validates carrier invoices for various shipment types including FTL, LTL, groupage, palletized and dangerous goods. The TMS also supports EU emissions compliance by analyzing transportation data to estimate carbon emissions.

Descartes Systems Group (NASDAQ:DSGX) reported strong fiscal Q3 2025 results with record revenues of $168.8 million, up 17% year-over-year. Services revenues comprised 89% of total revenues at $149.7 million. The company achieved notable financial metrics including:

- Net income of $36.6 million, up 38% from Q3FY24
- Earnings per diluted share of $0.42, up 35% year-over-year
- Adjusted EBITDA of $72.1 million, representing 43% of revenues
- Operating cash flow of $60.1 million

During the quarter, Descartes completed two strategic acquisitions: MyCarrierPortal for $22.5 million and Sellercloud for $110.2 million, both with additional performance-based considerations.

Descartes Systems Group released its 2024 Supply Chain Intelligence Report revealing that 48% of supply chain leaders consider rising tariffs and trade barriers their top concern, followed by supply chain disruptions (45%) and geopolitical instability (41%). The study, surveying 978 supply chain intelligence leaders globally, found that tariffs and trade barriers remained the primary concern across all company sizes. Companies expecting over 15% growth showed higher concern (51%) about tariffs compared to those with /no growth (43%). The findings emphasize the need for organizations to strengthen their supply chain analytics and adopt technology-enabled insights to manage tariff updates, identify new markets, and secure better supply sources.

Descartes Systems Group announced that Automated Logistics Systems is implementing Descartes' foreign trade zone (FTZ) solution at its Michigan warehouse. The solution helps accelerate customs clearance and reduce costs for U.S. imports by deferring duty payments. The Descartes FTZ solution automates customs filing procedures, digitizes back-office operations, and enhances shipment visibility while ensuring compliance with U.S. Customs and Border Protection regulations. The system can operate independently or as part of a broader trade compliance platform, helping logistics service providers manage FTZ operations efficiently without increasing labor costs.