Latest news with #Descartes'
Yahoo
6 days ago
- Business
- Yahoo
Descartes Announces Fiscal 2026 First Quarter Financial Results
Record Services Revenues WATERLOO, Ontario and ATLANTA, June 04, 2025 (GLOBE NEWSWIRE) -- The Descartes Systems Group Inc. (TSX:DSG) (Nasdaq:DSGX) announced its financial results for its fiscal 2026 first quarter (Q1FY26). All financial results referenced are in United States (US) currency and, unless otherwise indicated, are determined in accordance with US Generally Accepted Accounting Principles (GAAP). "Our first quarter of fiscal 2026 showed strong annual growth, consistent with our communicated plans," said Edward J. Ryan, Descartes' CEO. "This is a challenging and uncertain economic and trade environment for shippers, carriers and logistics services providers. They face challenges on how, when, or if, to react to changes in global trade relationships, tariffs, sanctions and economic forecasts. We continue to see strong interest in our domain expertise and our solutions to help companies navigate the complex trade landscape. We remain committed to growing our business with prudent investments and cost discipline to build the premier network and technology for logistics-intensive businesses." Q1FY26 Financial Results As described in more detail below, key financial highlights for Descartes' Q1FY26 included: Revenues of $168.7 million, up 12% from $151.3 million in the first quarter of fiscal 2025 (Q1FY25) and up 1% from $167.5 million in the previous quarter (Q4FY25); Revenues were comprised of services revenues of $156.6 million (93% of total revenues), professional services and other revenues of $11.8 million (7% of total revenues) and license revenues of $0.3 million (less than 1% of total revenues). Services revenues were up 14% from $137.8 million in Q1FY25 and consistent with $156.5 million in Q4FY25; Cash provided by operating activities of $53.6 million, down from $63.7 million in Q1FY25 and down from $60.7 million in Q4FY25; Income from operations of $46.2 million, up 9% from $42.4 million in Q1FY25 and down from $47.1 million in Q4FY25; Net income of $36.2 million, up 4% from $34.7 million in Q1FY25 and down from $37.4 million in Q4FY25. Net income as a percentage of revenues was 21%, compared to 23% in Q1FY25 and 22% in Q4FY25; Earnings per share on a diluted basis of $0.41, up 2% from $0.40 in Q1FY25 and down from $0.43 in Q4FY25; and Adjusted EBITDA of $75.1 million, up 12% from $67.0 million in Q1FY25 and consistent with $75.0 million in Q4FY25. Adjusted EBITDA as a percentage of revenues was 45%, compared to 44% in Q1FY25 and 45% in Q4FY25. Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues are non-GAAP financial measures provided as a complement to financial results presented in accordance with GAAP. We define Adjusted EBITDA as earnings before interest, taxes, depreciation, amortization, stock-based compensation (for which we include related fees and taxes) and other charges (for which we include restructuring charges, acquisition-related expenses, and contingent consideration incurred due to better-than-expected performance from acquisitions). These items are considered by management to be outside Descartes' ongoing operational results. We define Adjusted EBITDA as a percentage of revenues as the quotient, expressed as a percentage, from dividing Adjusted EBITDA for a period by revenues for the corresponding period. A reconciliation of Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues to net income determined in accordance with GAAP is provided later in this release. The following table summarizes Descartes' results in the categories specified below over the past 5 fiscal quarters (unaudited; dollar amounts, other than per share amounts, in millions): Q1FY26 Q4FY25 Q3FY25 Q2FY25 Q1FY25 Revenues 168.7 167.5 168.8 163.4 151.3 Services revenues 156.6 156.5 149.7 146.2 137.8 Gross margin 76% 76% 74% 75% 77% Cash provided by operating activities 53.6 60.7 60.1 34.7 63.7 Income from operations 46.2 47.1 45.8 45.9 42.4 Net income 36.2 37.4 36.6 34.7 34.7 Net income as a % of revenues 21% 22% 22% 21% 23% Earnings per diluted share 0.41 0.43 0.42 0.40 0.40 Adjusted EBITDA 75.1 75.0 72.1 70.6 67.0 Adjusted EBITDA as a % of revenues 45% 45% 43% 43% 44% Cash PositionAt April 30, 2025, Descartes had $176.4 million in cash. Cash decreased by $59.7 million in Q1FY26. The table set forth below provides a summary of cash flows for Q1FY26 in millions of dollars: Q1FY26 Cash provided by operating activities 53.6 Additions to property and equipment (1.9) Acquisitions of subsidiaries, net of cash acquired (112.3) Issuances of common shares, net of issuance costs 3.6 Payment of withholding taxes on net share settlements (6.5) Effect of foreign exchange rate on cash 3.8 Net change in cash (59.7) Cash, beginning of period 236.1 Cash, end of period 176.4 Acquisition of 3GTMSOn March 24, 2025, Descartes acquired all of the shares of 3GTMS, a leading provider of transportation management solutions. The purchase price for the acquisition was approximately $112.7 million, net of cash acquired, which was funded from cash on hand. Cost Reduction InitiativesConsidering the economic and global trade uncertainty many Descartes customers are facing, Descartes has undertaken cost reduction initiatives designed to reduce its cost base. The plan is designed to reduce Descartes' global workforce by approximately 7% and eliminate various other operating expenses. As a result, Descartes expects to incur restructuring charges of approximately $4 million in the second quarter of fiscal 2026 (Q2FY26), which will also impact cash generated from operations in Q2FY26. Once completed, Descartes anticipates annualized cost savings of approximately $15 million. Management UpdateDescartes is pleased to announce the appointment of William Green as Executive Vice President, Global Sales. Mr. Green has served as Descartes' Senior Vice President for North American Sales since August 2020. Mr. Green has previously held senior commercial roles at Salesforce, PROLIFIQ and CDC Software (now Aptean). 'We're excited for Bill to extend his leadership of our growth successes in North America to our global commercial operations,' said Mr. Ryan. Andrew Roszko, Descartes' Chief Commercial Officer, will depart the company in Q2FY26 to pursue another opportunity. Mr. Roszko was appointed EVP Global Sales in February 2019 and appointed Chief Commercial Officer in June 2022. 'Andrew has been a valuable contributor to Descartes' commercial development. We wish him well in his future endeavors,' said Mr. Ryan. Conference CallMembers of Descartes' executive management team will host a conference call to discuss the company's financial results at 5:30 p.m. ET on Wednesday, June 4. Designated numbers are +1 289 514 5100 for North America and +1 800 717 1738 for international, using conference ID 26605. The company will simultaneously conduct an audio webcast on the Descartes website at Phone conference dial-in or webcast login is required approximately 10 minutes beforehand. Replays of the conference call will be available until June 11, 2025, by dialing +1 289 819 1325 or Toll-Free for North America using +1 888 660 6264 with Playback Passcode: 26605#. An archived replay of the webcast will be available 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 X (Twitter). Descartes Investor Contact Laurie McCauley (519) 746-2969investor@ Cautionary Statement Regarding Forward-Looking Statements This release may contain forward-looking information within the meaning of applicable securities laws ("forward-looking statements") that relates to Descartes' expectations concerning future revenues and earnings, and our projections for any future reductions in expenses or growth in margins and generation of cash; our assessment of the potential impact of geopolitical events, such as the ongoing conflict between Russia and Ukraine (the 'Russia-Ukraine Conflict'), and between Israel and Hamas ('Israel-Hamas Conflict'), or other potentially catastrophic events, on our business, results of operations and financial condition; our assessment of the potential impact of tariffs, sanctions and other actions by individual countries on global trade and our business; continued growth and acquisitions including our assessment of any increased opportunity for our products and services as a result of trends in the logistics and supply chain industries; rate of profitable growth and Adjusted EBITDA margin operating range; demand for Descartes' solutions; growth of Descartes' Global Logistics Network ('GLN'); customer buying patterns; customer expectations of Descartes; development of the GLN and the benefits thereof to customers; and other matters. These forward-looking statements are based on certain assumptions including the following: global shipment volumes continuing at levels generally consistent with those experienced historically; the Russia-Ukraine Conflict and Israel-Hamas Conflict not having a material negative impact on shipment volumes or on the demand for the products and services of Descartes by its customers and the ability of those customers to continue to pay for those products and services; countries continuing to implement and enforce existing and additional customs and security regulations relating to the provision of electronic information for imports and exports; countries continuing to implement and enforce existing and additional trade restrictions and sanctioned party lists with respect to doing business with certain countries, organizations, entities and individuals; Descartes' continued operation of a secure and reliable business network; the stability of general economic and market conditions, currency exchange rates, and interest rates; equity and debt markets continuing to provide Descartes with access to capital; Descartes' continued ability to identify and source attractive and executable business combination opportunities; Descartes' ability to develop solutions that keep pace with the continuing changes in technology, and our continued compliance with third party intellectual property rights. These assumptions may prove to be inaccurate. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Descartes, or developments in Descartes' business or industry, 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, Descartes' ability to successfully identify and execute on acquisitions and to integrate acquired businesses and assets, and to predict expenses associated with and revenues from acquisitions; the impact of network failures, information security breaches or other cyber-security threats; disruptions in the movement of freight and a decline in shipment volumes including as a result of the impact of current and future trade barriers, including tariffs, further protectionist measures and reactive countermeasure or contagious illness outbreaks; a deterioration of general economic conditions or instability in the financial markets accompanied by a decrease in spending by our customers; the ability to attract and retain key personnel and the ability to manage the departure of key personnel and the transition of our executive management team; changes in trade or transportation regulations that currently require customers to use services such as those offered by Descartes; changes in customer behaviour and expectations; Descartes' ability to successfully design and develop enhancements to our products and solutions; departures of key customers; the impact of foreign currency exchange rates; Descartes' ability to retain or obtain sufficient capital in addition to its debt facility to execute on its business strategy, including its acquisition strategy; disruptions in the movement of freight; the potential for future goodwill or intangible asset impairment as a result of other-than-temporary decreases in Descartes' market capitalization; and other 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 purpose 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. Reconciliation of Non-GAAP Financial Measures - Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues We prepare and release quarterly unaudited and annual audited financial statements prepared in accordance with GAAP. We also disclose and discuss certain non-GAAP financial information, used to evaluate our performance, in this and other earnings releases and investor conference calls as a complement to results provided in accordance with GAAP. We believe that current shareholders and potential investors in our company use non-GAAP financial measures, such as Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues, in making investment decisions about our company and measuring our operational results. The term 'Adjusted EBITDA' refers to a financial measure that we define as earnings before certain charges that management considers to be non-operating expenses and which consist of interest, taxes, depreciation, amortization, stock-based compensation (for which we include related fees and taxes) and other charges (for which we include restructuring charges, acquisition-related expenses, and contingent consideration incurred due to better-than-expected performance from acquisitions). Adjusted EBITDA as a percentage of revenues divides Adjusted EBITDA for a period by the revenues for the corresponding period and expresses the quotient as a percentage. Management considers these non-operating expenses to be outside the scope of Descartes' ongoing operations and the related expenses are not used by management to measure operations. Accordingly, these expenses are excluded from Adjusted EBITDA, which we reference to both measure our operations and as a basis of comparison of our operations from period-to-period. Management believes that investors and financial analysts measure our business on the same basis, and we are providing the Adjusted EBITDA financial metric to assist in this evaluation and to provide a higher level of transparency into how we measure our own business. However, Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues are non-GAAP financial measures and may not be comparable to similarly titled measures reported by other companies. Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues should not be construed as a substitute for net income determined in accordance with GAAP or other non-GAAP measures that may be used by other companies, such as EBITDA. The use of Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues does have limitations. In particular, we have completed six acquisitions since the beginning of fiscal 2025 and may complete additional acquisitions in the future that will result in acquisition-related expenses and restructuring charges. As these acquisition-related expenses and restructuring charges may continue as we pursue our consolidation strategy, some investors may consider these charges and expenses as a recurring part of operations rather than expenses that are not part of operations. The table below reconciles Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues to net income reported in our unaudited Consolidated Statements of Operations for Q1FY26, Q4FY25, Q3FY25, Q2FY25, and Q1FY25, which we believe is the most directly comparable GAAP measure. Q1FY26 Q4FY25 Q3FY25 Q2FY25 Q1FY25 Net income, as reported on Consolidated Statements of Operations 36.2 37.4 36.6 34.7 34.7 Adjustments to reconcile to Adjusted EBITDA: Interest expense 0.2 0.2 0.2 0.2 0.3 Investment income (1.9) (1.9) (2.9) (2.7) (4.1) Income tax expense 11.7 11.4 11.9 13.6 11.5 Depreciation expense 1.5 1.5 1.4 1.4 1.4 Amortization of intangible assets 19.1 19.4 17.5 17.4 15.0 Stock-based compensation and related taxes 4.9 5.4 5.6 5.8 4.3 Other charges 3.4 1.6 1.8 0.2 3.9 Adjusted EBITDA 75.1 75.0 72.1 70.6 67.0 Revenues 168.7 167.5 168.8 163.4 151.3 Net income as % of revenues 21% 22% 22% 21% 23% Adjusted EBITDA as % of revenues 45% 45% 43% 43% 44% The Descartes Systems Group Consolidated Balance Sheets(US dollars in thousands; US GAAP; Unaudited) April 30, January 31, 2025 2025 ASSETS CURRENT ASSETS Cash 176,411 236,138 Accounts receivable (net) Trade 60,456 53,953 Other 15,646 16,931 Prepaid expenses and other 43,100 45,544 295,613 352,566 OTHER LONG-TERM ASSETS 27,366 24,887 PROPERTY AND EQUIPMENT, NET 13,944 12,481 RIGHT-OF-USE ASSETS 7,721 7,623 DEFERRED INCOME TAXES 4,867 3,802 INTANGIBLE ASSETS, NET 368,122 321,270 GOODWILL 992,257 924,755 1,709,890 1,647,384 LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable 23,154 20,650 Accrued liabilities 73,151 79,656 Lease obligations 3,402 3,178 Income taxes payable 9,535 9,313 Deferred revenue 109,608 104,230 218,850 217,027 LEASE OBLIGATIONS 4,533 4,718 DEFERRED REVENUE 2,196 978 INCOME TAXES PAYABLE 6,540 5,531 DEFERRED INCOME TAXES 25,834 34,127 257,953 262,381 SHAREHOLDERS' EQUITY Common shares – unlimited shares authorized; Shares issued and outstanding totaled 85,782,830 at April 30, 2025 (January 31, 2025 – 85,605,969) 574,816 568,339 Additional paid-in capital 498,092 503,133 Accumulated other comprehensive loss (21,243) (50,497) Retained earnings 400,272 364,028 1,451,937 1,385,003 1,709,890 1,647,384 The Descartes Systems Group Statements of Operations(US dollars in thousands, except per share and weighted average share amounts; US GAAP; Unaudited) Three Months Ended April 30, April 30, 2025 2024 REVENUES 168,739 151,348 COST OF REVENUES (exclusive of amortization presented separately below) 39,747 35,413 GROSS MARGIN 128,992 115,935 EXPENSES Sales and marketing 18,850 17,471 Research and development 25,069 22,191 General and administrative 16,312 14,948 Other charges 3,449 3,918 Amortization of intangible assets 19,114 15,024 82,794 73,552 INCOME FROM OPERATIONS 46,198 42,383 INTEREST EXPENSE (236) (273) INVESTMENT INCOME 1,962 4,059 INCOME BEFORE INCOME TAXES 47,924 46,169 INCOME TAX EXPENSE (RECOVERY) Current 12,251 12,318 Deferred (571) (816) 11,680 11,502 NET INCOME 36,244 34,667 EARNINGS PER SHARE Basic 0.42 0.41 Diluted 0.41 0.40 WEIGHTED AVERAGE SHARES OUTSTANDING (thousands) Basic 85,677 85,274 Diluted 87,577 87,116 The Descartes Systems Group Consolidated Statements of Cash Flows(US dollars in thousands; US GAAP; Unaudited) Three Months Ended April 30, April 30, 2025 2024 OPERATING ACTIVITIES Net income 36,244 34,667 Adjustments to reconcile net income to cash provided by operating activities: Depreciation 1,450 1,358 Amortization of intangible assets 19,114 15,024 Stock-based compensation expense 4,366 3,769 Other non-cash operating activities (34) 96 Deferred tax recovery (571) (816) Changes in operating assets and liabilities (6,966) 9,643 Cash provided by operating activities 53,603 63,741 INVESTING ACTIVITIES Additions to property and equipment (1,862) (1,764) Acquisition of subsidiaries, net of cash acquired (112,327) (139,973) Cash used in investing activities (114,189) (141,737) FINANCING ACTIVITIES Payment of debt issuance costs (38) (38) Issuance of common shares for cash, net of issuance costs 3,558 4,231 Payment of withholding taxes on net share settlements (6,487) (6,745) Cash used in financing activities (2,967) (2,552) Effect of foreign exchange rate changes on cash 3,826 (1,482) Decrease in cash (59,727) (82,030) Cash, beginning of period 236,138 320,952 Cash, end of period 176,411 238,922
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
Yahoo
08-05-2025
- Business
- Yahoo
US container imports see one of strongest Aprils ever
Shippers in April raced to bring in shipments ahead of steep tariffs, driving a surge in U.S. containerized imports. Imports rose 1.2% from March and 9.1% year on year to more than 2.4 million twenty-foot equivalent units, one of the strongest Aprils on record. The data was included in Descartes' May Global Shipping Report released Wednesday. Imports from China climbed 5.4% from March, likely reflecting frontloaded shipments ahead of the 145% U.S. tariff implemented April accounted for a third of all inbound volume, led by furniture, plastics and machinery, sectors that have been targeted by Trump administration levies. Growth in imports from Vietnam, up 32.5% y/y; Italy, up 29.9%; and Thailand, up 13.4%, reflected increasing supplier diversification beyond China, Descartes said in a release. Los Angeles and Long Beach port volumes jumped 13.9% and 12%, respectively, while East Coast hubs such as Savannah, Georgia, and Charleston, South Carolina, declined, indicating a pivot back to faster trans-Pacific routes. Find more articles by Stuart Chirls here. Houthis deny Trump's claim of Red Sea ceasefire West Coast politicians, port executives protest 'reckless' tariffs Updated shipping bill calls for 250-vessel US cargo fleet As tariffs wreck China-US exports, container rates weather storm The post US container imports see one of strongest Aprils ever appeared first on FreightWaves. 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
10-04-2025
- Business
- Associated Press
Descartes Solution Streamlines Air Shipment Data Exchange with IATA's ONE Record
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 services by January 1, 2026, replacing the traditional exchange of documents using Cargo-IMP and Cargo XML standards. 'Lufthansa Cargo is committed to digitization initiatives and projects that better connect our customers to their stakeholders and that facilitate easier and faster transportation of air cargo shipments,' said Dr. Christian Lehr, Senior Director Global Fulfillment Development at Lufthansa Cargo. 'The ability of Descartes' solution to support the ONE Record standard is an important step in helping us provide customers with a more efficient, real-time data-sharing model using a single record for each shipment.' Designed specifically for the air cargo industry, Descartes Air Messaging™ supports a broad range of data standards and message specifications to share air shipment information across regional and global operations, including Application Programming Interfaces (APIs), such as ONE Record, Electronic Data Interchange (EDI), and direct system-to-system connectivity. With more accurate and up-to-date air shipment information, the air cargo industry is better positioned to increase transparency, improve efficiency, and ultimately speed up the movement of freight. 'We're pleased to support the ONE Record standard,' said Scott Sangster, General Manager, Logistics Services Providers at Descartes. 'Air industry customers have long relied on Descartes to provide a strong bridge with their trading partners in order to exchange air shipment information using traditional messaging standards. IATA's ONE Record project presents a new opportunity to strengthen those relationships by supporting new ways in which air cargo data is shared and managed to streamline processes, reduce costs, and enhance the customer experience in air cargo operations.' Learn more about Descartes' air cargo industry solutions. About Lufthansa Cargo Lufthansa Cargo is one of the world's leading cargo airlines and part of the Lufthansa Group, Europe's largest airline group. Through its four cargo hubs in Frankfurt, Munich, Brussels and Vienna, the airfreight specialist transports an average of 2,500 tons of freight per day. This is based on a strong and reliable airport-to-airport network that covers some 350 destinations in more than 100 countries. Lufthansa Cargo markets the cargo capacities of the passenger aircraft of Lufthansa Airlines, Austrian Airlines, Brussels Airlines, Discover Airlines and SunExpress, as well as its own freighter fleet of 18 Boeing 777F and four Airbus A321F. In addition, some 300 trucks operate daily under a Lufthansa Cargo flight number. Together with its subsidiaries, Lufthansa Cargo offers customized, fast and efficient logistics solutions along the entire supply chain. In this way, the company fulfills its mission 'Enabling Global Business' and connects markets and trading partners worldwide. Innovative technologies and investments in sustainability play a central role. In addition to a modern fleet and the use of sustainable aviation fuel (SAF), the focus is on continuous optimization of flight operations. In 2024, the company generated revenues of 3.26 billion euros and a transport performance of 8.5 billion freight tonne-kilometers. It currently employs approximately 4,200 people worldwide. 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 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' air industry 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.
