Latest news with #ArrowXL
Times
02-06-2025
- Business
- Times
HSBC appoints Rothschild bankers to sell Barclay family's ArrowXL
Bankers at Rothschild have been hired to sell off the logistics company seized from the Barclay family by HSBC. Rothschild has been appointed to find a buyer for ArrowXL to deliver a payout for HSBC after it pushed the delivery group's parent company into administration last year. ArrowXL is one of two logistics operations built up by the Barclay family as part of a corporate empire spanning hospitality, retail and media. The group is run through a solvent operating company and it will be sold to help to pay back debt of £143.5 million owed to HSBC, the largest secured creditor of its insolvent parent company, Logistics Group Limited. HSBC appointed administrators to take control of Logistics Group as the Barclay family was being chased by lenders across its portfolio of corporate assets. Lloyds Bank seized The Telegraph and The Spectator and put the media outlets up for sale in summer 2023. Yodel, the other logistics outfit seized from the Barclay family, has been sold to InPost, a Polish delivery group. InPost owns a network of thousands of lockers and drop-off points for parcels across Europe and it runs a home delivery service. The group was founded by Rafal Brzoska, a Polish billionaire, who said the deal would help with his company's expansion in the UK. Lloyds had been pursuing the Barclay empire for many years to secure repayment of lending totalling £1.2 billion. The Barclay family was able to satisfy the repayment in full by refinancing the debt with funding from Sheikh Mansour bin Zayed al Nahyan. Sheikh Mansour had been hoping to convert the debt secured against The Telegraph and The Spectator into equity to take control of some of the most prized media publications in the UK. The transaction ran aground when ministers blocked the deal over concerns of the sheikh's status as a leading politician in the Middle East. He is a prominent businessman and also the deputy prime minister of the United Arab Emirates, a country that has faced criticism for its poor record on press freedoms. Rothschild declined to comment. HSBC did not respond to a request for comment.
Yahoo
23-05-2025
- Business
- Yahoo
DSGX's Solution Used by ArrowXL to Boost Last Mile Delivery
The Descartes Systems Group Inc. DSGX recently announced that ArrowXL, the U.K.'s largest and most established two-person home delivery and warehousing specialist, is leveraging its cloud-based route planning and execution solution to streamline last mile delivery operations. DSGX's solution is enhancing ArrowXL's dynamic route planning capabilities and improving transportation efficiency and capacity across the business. Descartes' advanced last-mile delivery platform is designed to support dynamic delivery requirements, including same-day service, by optimizing route efficiency and reducing travel distances. This not only cuts operational costs but also increases delivery capacity and sustainability. For ArrowXL, it helps manage routes in areas with blurred boundaries between delivery locations and team areas, thereby maintaining high service levels even under complex logistical scenarios. Descartes emphasized that ArrowXL's delivery operations for leading e-commerce and retail brands are significantly enhanced through automated, dynamic route planning. This technology enables ArrowXL to scale its logistics more efficiently while empowering its clients to offer a greater number of delivery slots to their customers—ultimately driving higher customer satisfaction and contributing to overall business growth. ArrowXL emphasized that optimizing such complex operations requires precision, and Descartes' solution has allowed ArrowXL to replace manual planning with an automated, real-time system. This transition has significantly enhanced vehicle utilization, reduced carbon dioxide emissions and expanded delivery capacity. By integrating seamlessly with both internal systems and those of its clients, the solution provides complete visibility across the value chain, enabling more efficient operations and improved customer service. The Descartes Systems Group Inc. price-consensus-chart | The Descartes Systems Group Inc. Quote Recently, the company 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 and efficient data-sharing model across the industry. DSGX's solutions have been witnessing rapid uptake. In February 2025, Descartes announced that Defense Trade Solutions (DTS), a leading provider of export compliance and global trade services for the defense industry, has adopted the Descartes GlobalEASE solution to enhance and automate export compliance processes for its clients. This move aligns with DTS' mission to simplify and promote responsible, efficient trade across the defense sector. By incorporating Descartes GlobalEASE into its managed services, DTS is enabling clients to reduce compliance costs and better navigate complex global regulations such as the International Traffic in Arms Regulations (ITAR) and Export Administration Regulations (EAR). Previously, the company announced that Illinois-based freight forwarder American Lamprecht is now providing customers with real-time visibility into the location and status of their air and ocean shipments. Descartes announced that Lane One Transport, a Texas-based freight brokerage firm, is leveraging Parade CoDriver, an artificial intelligence (AI)-powered carrier engagement platform, seamlessly integrated with Descartes Aljex transportation management system (TMS) and Descartes MyCarrierPortal for carrier onboarding. The rapid adoption of solutions is driving the company's top-line expansion. In the last reported quarter, DSGX revenues soared 13% year over year to $167.5 million, beating the Zacks Consensus Estimate by 0.5%. The company's flagship, MacroPoint solution, integrated into the Global Logistics Network, acted as a key catalyst. Strength in the global trade intelligence business during the quarter was a tailwind. Descartes will announce its financial results for the first quarter of fiscal 2026 after the market closes on Wednesday, June 4, 2025. However, uncertainty prevailing over global macroeconomic conditions, geopolitical turmoil and volatile supply-chain challenges remain concerns. DSGX currently carries a Zacks Rank #4 (Sell). Shares of the company have gained 14.3% in the past year compared with the Zacks Computer-Software industry's growth of 9.3%. Image Source: Zacks Investment Research Some better-ranked stocks from the broader technology space are Blackbaud, Inc. BLKB, Commvault Systems, Inc. CVLT and OptimizeRx Corporation OPRX. BLKB sports a Zacks Rank #1 (Strong Buy), while CVLT and OPRX carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here. Blackbaud's earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 1.2%. In the last reported quarter, BLKB delivered an earnings surprise of 6.67%. Its shares have decreased 22.3% in the past year. CVLT's earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 10.7%. In the last reported quarter, Commvault delivered an earnings surprise of 10.75%. Its shares have increased 58.6% in the six months. OPRX's earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 105.33%. In the last reported quarter, OptimizeRx delivered an earnings surprise of 172.73%. The company's long-term earnings growth rate is 25%. Its shares have advanced 160% in the past six months. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CommVault Systems, Inc. (CVLT) : Free Stock Analysis Report Blackbaud, Inc. (BLKB) : Free Stock Analysis Report OptimizeRx Corp. (OPRX) : Free Stock Analysis Report The Descartes Systems Group Inc. (DSGX) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
21-05-2025
- Business
- Associated Press
ArrowXL Optimizes Last Mile Delivery and Unlocks Capacity with Descartes
LONDON and ATLANTA, May 21, 2025 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that ArrowXL, the U.K.'s largest and longest-established two-person home delivery and warehousing specialist, is using Descartes' route planning and execution solution to automate and optimize last mile delivery route planning. This enables ArrowXL's route planning team to plan and optimize routes for deliveries dynamically and more efficiently, unlocking transportation capacity for the organization. 'ArrowXL is focused on bespoke services centered around a customer-first approach,' said Rachel Hopkins, Chief Information Officer, ArrowXL. 'With over 40 years' experience completing deliveries for the U.K.'s leading retailers, e-tailers, and manufacturers, we manage over 2.6 million consumer deliveries annually and we're growing. We cover 100 percent of the U.K., with 98% of the country covered six days a week and the remaining 2% covered on nominated days—all from seven main hubs and eight outbases using a fleet of 250 vehicles. We offer 'Next-Day', 'Nominated Day' and 'Diary Booking' delivery appointments to customers, as well as the setting up and connection of some white goods, assembly of some furniture items, and Waste Electrical and Electronic Equipment (WEEE) recycling and packaging removal. Managing and executing these delivery services successfully at the sheer scale that we do requires precision planning and execution. With Descartes in place, our team of planners has automated and streamlined previous manual planning processes, allowing us to optimize our vehicle usage and minimize CO2 emissions. This approach increases capacity across our operations dynamically in real-time. Since the Descartes solution interfaces between our system and our clients' systems, we provide the entire value chain with a true view of delivery capacity to take advantage of, allowing everyone to increase operational efficiency.' Descartes' cloud-based last mile delivery solution helps distribution-intensive companies improve operational efficiency and customer experience. It supports dynamic delivery requirements, including same-day delivery. The Descartes solution improves route productivity by using advanced optimization technology to reduce the distance driven per delivery, which maximizes delivery capacity and reduces costs. In ArrowXL's case, Descartes helps the company to manage deliveries efficiently where boundaries between delivery locations and team areas are unclear. Descartes also improves delivery sustainability with increased route productivity. 'We're pleased our solution is playing an important role for ArrowXL in optimizing route planning and maintaining a high-level of customer experience,' said Gary Taylor, VP Sales, EMEA at Descartes. 'ArrowXL delivers goods daily in the U.K. for some of the highest profile brands in ecommerce and on the high street. Automating route planning and helping planners to execute this function dynamically will continue to allow the business to unlock capacity, support with increasing revenue, and enable their own clients to provide more delivery slots to their customers, all of which improves overall customer experience and service levels.' About ArrowXL ArrowXL is the UK's largest and longest-established two-person home delivery and warehousing specialist. We are committed to innovation and continuous improvement - investing in technology, new services and training. Learn more at About Descartes Descartes (Nasdaq:DSGX) (TSX:DSG) is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, security and sustainability of logistics-intensive businesses. Customers use our modular, software-as-a-service solutions to route, track and help improve the safety, performance and compliance of delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world's largest, collaborative multimodal logistics community. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world. Learn more at and connect with us on LinkedIn and Twitter. Global Media Contact Cara Strohack [email protected] Cautionary Statement Regarding Forward-Looking Statements This release contains forward-looking information within the meaning of applicable securities laws ('forward-looking statements') that relate to Descartes' route planning and execution solution offerings and potential benefits derived therefrom; and other matters. Such forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements to differ materially from the anticipated results, performance or achievements or developments expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the factors and assumptions discussed in the section entitled, 'Certain Factors That May Affect Future Results' in documents filed with the Securities and Exchange Commission, the Ontario Securities Commission and other securities commissions across Canada including Descartes' most recently filed management's discussion and analysis. If any such risks actually occur, they could materially adversely affect our business, financial condition or results of operations. In that case, the trading price of our common shares could decline, perhaps materially. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Forward-looking statements are provided for the purposes of providing information about management's current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.
Yahoo
21-05-2025
- Business
- Yahoo
ArrowXL Optimizes Last Mile Delivery and Unlocks Capacity with Descartes
LONDON and ATLANTA, May 21, 2025 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that ArrowXL, the U.K.'s largest and longest-established two-person home delivery and warehousing specialist, is using Descartes' route planning and execution solution to automate and optimize last mile delivery route planning. This enables ArrowXL's route planning team to plan and optimize routes for deliveries dynamically and more efficiently, unlocking transportation capacity for the organization. 'ArrowXL is focused on bespoke services centered around a customer-first approach,' said Rachel Hopkins, Chief Information Officer, ArrowXL. 'With over 40 years' experience completing deliveries for the U.K.'s leading retailers, e-tailers, and manufacturers, we manage over 2.6 million consumer deliveries annually and we're growing. We cover 100 percent of the U.K., with 98% of the country covered six days a week and the remaining 2% covered on nominated days—all from seven main hubs and eight outbases using a fleet of 250 vehicles. We offer 'Next-Day', 'Nominated Day' and 'Diary Booking' delivery appointments to customers, as well as the setting up and connection of some white goods, assembly of some furniture items, and Waste Electrical and Electronic Equipment (WEEE) recycling and packaging removal. Managing and executing these delivery services successfully at the sheer scale that we do requires precision planning and execution. With Descartes in place, our team of planners has automated and streamlined previous manual planning processes, allowing us to optimize our vehicle usage and minimize CO2 emissions. This approach increases capacity across our operations dynamically in real-time. Since the Descartes solution interfaces between our system and our clients' systems, we provide the entire value chain with a true view of delivery capacity to take advantage of, allowing everyone to increase operational efficiency.' Descartes' cloud-based last mile delivery solution helps distribution-intensive companies improve operational efficiency and customer experience. It supports dynamic delivery requirements, including same-day delivery. The Descartes solution improves route productivity by using advanced optimization technology to reduce the distance driven per delivery, which maximizes delivery capacity and reduces costs. In ArrowXL's case, Descartes helps the company to manage deliveries efficiently where boundaries between delivery locations and team areas are unclear. Descartes also improves delivery sustainability with increased route productivity. 'We're pleased our solution is playing an important role for ArrowXL in optimizing route planning and maintaining a high-level of customer experience,' said Gary Taylor, VP Sales, EMEA at Descartes. 'ArrowXL delivers goods daily in the U.K. for some of the highest profile brands in ecommerce and on the high street. Automating route planning and helping planners to execute this function dynamically will continue to allow the business to unlock capacity, support with increasing revenue, and enable their own clients to provide more delivery slots to their customers, all of which improves overall customer experience and service levels.' About ArrowXL ArrowXL is the UK's largest and longest-established two-person home delivery and warehousing specialist. We are committed to innovation and continuous improvement - investing in technology, new services and training. Learn more at About Descartes Descartes (Nasdaq:DSGX) (TSX:DSG) is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, security and sustainability of logistics-intensive businesses. Customers use our modular, software-as-a-service solutions to route, track and help improve the safety, performance and compliance of delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world's largest, collaborative multimodal logistics community. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world. Learn more at and connect with us on LinkedIn and Twitter. Global Media Contact Cara Strohack cstrohack@ Cautionary Statement Regarding Forward-Looking Statements This release contains forward-looking information within the meaning of applicable securities laws ('forward-looking statements') that relate to Descartes' route planning and execution solution offerings and potential benefits derived therefrom; and other matters. Such forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements to differ materially from the anticipated results, performance or achievements or developments expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the factors and assumptions discussed in the section entitled, 'Certain Factors That May Affect Future Results' in documents filed with the Securities and Exchange Commission, the Ontario Securities Commission and other securities commissions across Canada including Descartes' most recently filed management's discussion and analysis. If any such risks actually occur, they could materially adversely affect our business, financial condition or results of operations. In that case, the trading price of our common shares could decline, perhaps materially. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Forward-looking statements are provided for the purposes of providing information about management's current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
