Welcome to our dedicated page for Descartes Sys Group news (Ticker: DSGX), a resource for investors and traders seeking the latest updates and insights on Descartes Sys Group stock.
Descartes Systems Group Inc (DSGX) delivers cloud-based logistics solutions powering global supply chains through its SaaS platform and industry-leading Global Logistics Network. This news hub provides investors and logistics professionals with essential updates on Descartes' operational developments and market position.
Track critical updates including quarterly earnings disclosures, strategic partnerships, product enhancements, and compliance-related announcements. Our curated collection ensures access to official press releases and verified news about Descartes' innovations in route optimization, customs automation, and real-time shipment visibility solutions.
Key focus areas include mergers & acquisitions in logistics tech, expansion of the Global Logistics Network, new regulatory compliance features, and performance metrics demonstrating platform adoption. Content is organized chronologically for efficient tracking of developments impacting Descartes' position in the $10B+ transportation management systems market.
Bookmark this page for streamlined access to DSGX's latest business milestones, maintained with strict editorial standards to serve as your primary resource for investment research and industry analysis.
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.
Descartes Systems Group (TSX: DSG) (Nasdaq: DSGX) has announced it will release its third quarter fiscal 2025 financial results after market close on Tuesday, December 3, 2024. The company will host a conference call at 5:30 p.m. ET the same day to discuss the results. The call will be accessible via phone (+1 289 514 5100 or toll-free +1 800 717 1738, conference ID: 07584) and through an audio webcast on the company's investor relations website. Replays will be available until December 10, 2024.
Descartes Systems Group announced that Aroma Retail, a Las Vegas-based environmental scenting company, has implemented Descartes' cloud-based multi-carrier parcel shipping solution to manage their growing ecommerce operations. The company has grown from a small kitchen operation to generating over US$5 million in annual revenue, processing an average of 4,000+ orders monthly from a 13,000-square-foot facility. The solution helps automate fulfillment processes, compare carrier rates, print shipping labels, and track shipments in real-time, while integrating with major ecommerce platforms and marketplaces.
Descartes Systems Group announced that Cathay Cargo used Descartes' Bluetooth® Low Energy air cargo tracking solution to monitor the condition and location of Giant Pandas An An and Ke Ke during their transport from Chengdu, China to Hong Kong on September 26, 2024. The solution, part of Cathay Cargo's Ultra Track service, provides real-time shipment visibility for high-value goods across 29 airports in Cathay's network.
The Descartes solution uses Bluetooth® Low Energy tags on Unit Load Devices or pallets, with data captured by readers in Descartes' global Internet of Things (IoT) network. It tracks location and conditions such as temperature, movement, shock, light, and humidity for air and ground shipments, helping airlines and ground handling agents offer end-to-end visibility to customers.
Descartes Systems Group (TSX:DSG, Nasdaq:DSGX) announced its acquisition of Sellercloud, a US-based provider of omnichannel ecommerce solutions. Sellercloud's Inventory Management Solutions (IMS) and Order Management Solutions (OMS) assist small and mid-market retailers, distributors, wholesalers, and manufacturers in synchronizing and managing inventory across multiple sales channels. The acquisition, valued at approximately $110 million with an additional performance-based earn-out up to $20 million, aims to enhance Descartes' ecommerce suite by integrating advanced inventory and order management capabilities. Descartes' CEO, Edward J. Ryan, emphasized that Sellercloud complements their existing investments in ecommerce solutions like XPS, ShipRush, pixi, and Peoplevox. The acquisition is expected to provide a comprehensive solution for managing domestic and cross-border ecommerce shipments.
