Latest news with #DescartesSystemsGroup
Yahoo
2 days ago
- Business
- Yahoo
US container imports in July 2025 approached record high: Descartes
Descartes Systems Group has released its 'August Global Shipping Report', indicating a substantial increase in US container imports in July. The report highlights that the US imported 2,621,910 twenty-foot equivalent units (TEUs) in July 2025, marking an 18.2% rise from June and nearing the all-time high that was set in May 2022. The 2025 July figures were just 555 TEUs short of the May 2022 record and represented a 19.3% increase over pre-pandemic levels in July 2019. The surge in imports from China was particularly notable, with volumes reaching 923,075 TEUs, a 44.4% increase from the previous month and the highest so far in 2025. This rebound in Chinese shipments contributed significantly to the near-record import levels. The increase in seaborne freight from China is likely a result of tariff changes made by the US government, including the removal of de minimis exceptions, which have led Chinese importers to move away from more expensive air freight to slower and cheaper sea freight. The leading West Coast ports retained their market share advantage over the East and Gulf Coast ports for the second consecutive month. Despite the influx of containers, major US ports managed to keep transit time delays to a minimum, suggesting robust infrastructure performance. The Descartes report also indicates that although global supply chains are still facing persistent geopolitical disruptions, developments in trade policy are contributing to ongoing trade uncertainty. July's import volumes not only followed the seasonal peak trend observed over the past nine years but also indicated potential tariff-driven frontloading activities by US importers in anticipation of trade policy changes. Descartes director of industry strategy Jackson Wood said: 'Following two months of uneven performance, July's surge in container imports underscores the impact of US tariff policies, not just seasonal demand cycles, on container volumes. 'Trade uncertainty remains high, however, as US importers evaluate their supply chains in the face of the August 1 implementation of reciprocal duties on over 60 countries, the August 7 start of India-specific tariffs and the universal copper tariff, and the October 15 expiration of the US–China tariff truce.' In July, container imports to the US from the top ten countries of origin (CoO) surged by 25.4% compared to the previous month, primarily driven by substantial increases from China and Hong Kong China's share of total US imports climbed to 35.2%, the highest since early 2025. Hong Kong also saw a substantial increase of 25,185TEUs (47.8%), adding to the overall resurgence in Asia-origin shipments to the US, the report said. "US container imports in July 2025 approached record high: Descartes" was originally created and published by Ship Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
6 days ago
- Business
- Yahoo
AI Stock Descartes Systems Just Dropped 13%: Time to Buy the Dip?
Written by Robin Brown at The Motley Fool Canada Descartes Systems Group (TSX:DSG) has been a top technology stock on the TSX for years. Its stock is up 92% in the past five years, 618% in the past 10 years, and 2,480% in the past 15 years. Descartes: A great business and a great long-term stock Descartes is leading global provider of transportation and logistics software solutions. It operates a logistics network that connects thousands of businesses across the global supply chain. This network is a fundamental asset that accommodates global trade. Descartes has intelligently complemented this asset by acquiring a wide mix of complementary SaaS (software-as-a-service) solutions. These help make trade more compliant, efficient, and profitable for all providers. In many of its services, Descartes uses machine learning and artificial intelligence to help customers keep track of shipments, route couriers, maintain compliance documents, and manage inventory. Often, its solutions are replacing cumbersome paper processes. Once its solutions are adopted, there is no going back to the old processes. A high-quality business Descartes is to the global supply chain like Visa is to global commerce. It provides the integral network that accommodates trade around the world. As a result, it has a high customer retention rate and high (93%) recurring service revenue. Descartes has grown revenues by a 14% compounded annual growth rate (CAGR) over the past decade. Its earnings before interest, tax, depreciation, and amortization (EBITDA) have grown by an even faster 17.5% CAGR in that time. Descartes is a very pricey stock given near-term challenges Such strong performance has come with a downside for Descartes. Its valuation has risen considerably over the past decade. It trades with an enterprise value (EV)-to-EBITDA ratio of 32 times and a price-to-earnings (P/E) ratio of 62 times. This is part of the reason for Descartes' uncharacteristic stumble. Its stock is down 13% for the year and 15% in the past six months. So, what's going on? Descartes is caught in the crossfire of Trump's global trade war. Companies have slowed decision-making around trade, cross-border shipments, and supply chains. They are waiting for stability in the market. That impacts demand for Descartes services. It could impact its growth outlook for 2025. The company proactively reduced its workforce by 7% given the environment. This concerned the market to an extent and the stock took a hit after it released first quarter earnings. Buy today or wait for another opportunity? So the question is whether Descartes Systems looks attractive today? Certainly, its valuation has come down. It was trading with an EV/EBITDA ratio of 40 at the start of the year. Today, it is down 8 to 32. Yet, it is still an extremely pricey stock. It trades just over its long-term valuation mean of 31. To justify its current valuation, Descartes needs to maintain its 12–15% annual growth rate for many years to come. There isn't a huge margin for safety in the stock price. If you believe this company can continue to hit its growth targets, it is probably not a terrible time to add to the stock. However, I would look for a greater pullback to make a significant addition. It's a great company, just not a great price to pay for it right now. The post AI Stock Descartes Systems Just Dropped 13%: Time to Buy the Dip? appeared first on The Motley Fool Canada. Should you invest $1,000 in Visa right now? Before you buy stock in Visa, consider this: The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Visa wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years. Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $24,927.94!* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 30 percentage points since 2013*. See the Top Stocks * Returns as of 6/23/25 More reading 10 Stocks Every Canadian Should Own in 2025 3 Canadian Companies Powering the AI Revolution Fool contributor Robin Brown has positions in Descartes Systems Group and Visa. The Motley Fool recommends Descartes Systems Group and Visa. The Motley Fool has a disclosure policy. 2025 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
06-08-2025
- Business
- Associated Press
Descartes Helps Reduce False Positives with AI-Enabled Denied Party Screening Solution
LONDON and ATLANTA, Aug. 06, 2025 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced the release of Descartes Visual Compliance™ AI Assist, the latest advancement in denied party screening that uses new artificial intelligence (AI) capabilities to help trade compliance teams automatically reduce the effort required to review and clear false positives. False positives are alerts that appear to match restricted, sanctioned and denied party entities but are, in fact, benign matches that lead to unnecessary reviews, wasted time and delayed shipments for import or export. 'While it makes sense to cast a wide net with screening, false positives are a costly drag on time, accuracy and compliance performance,' said Brian Hodgson, General Manager, Trade Compliance at Descartes. 'AI Assist significantly reduces low-quality false positives while managing the risk of true hits. With compliance, AI needs to be 'risk-aware,' meaning it needs to deliver the tremendous value of AI without increasing the risk of violations. With AI Assist, for some customers, the combination of automation in collaboration with human oversight has helped reduce false positives to just fractions of a percent, even with large screening volumes. This is a significant gain in productivity for compliance resources who can be overburdened with irrelevant alerts.' Descartes Visual Compliance is a cloud-based solution for export, financial and trade compliance, including restricted and denied party screening. The solution includes comprehensive watch list and regulatory content from the U.S. as well as the EU, APAC and EMEA regions. Descartes Visual Compliance helps companies of all sizes in diverse industries, such as aerospace, financial services, retail, manufacturing, education, transportation and defense, better navigate the ever-changing, complex world of foreign trade compliance by streamlining workflows, mitigating business risk and enhancing overall compliance. 'With the increase in global trade regulations and the substantial volume of information that flows through international commerce, having effective screening without overloading trade compliance resources with false positives is essential,' said Ken Wood, Executive Vice President, Product Management at Descartes. 'To help businesses with this persistent challenge, our AI innovations accelerate the review and adjudication of screening results with intelligent filtering, flexible control and human-centered quality assurance, which enhances compliance levels while reducing labor effort.' Key capabilities of Descartes Visual Compliance AI Assist include: Learn more about Descartes Visual Compliance AI Assist and Descartes' Global Trade Intelligence solutions. 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 Tel: 226-750-8050 [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' global trade intelligence 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
04-08-2025
- Business
- Yahoo
Descartes buys e-commerce inventory management platform for $40M
Supply chain software provider Descartes Systems Group announced it has acquired cloud-based inventory management company Finale Inventory. The deal includes an upfront payment of approximately $40 million and a potential post-acquisition earnout of up to $15 million. California-based Finale Inventory helps e-commerce companies manage inventory levels across multiple sales and fulfillment channels. The company provides visibility to merchants, allowing them to better scale their operations and avoid inaccurate restocking. Its platform interfaces directly with users, providing them with end-to-end automation of key functions like shipping and accounting. 'Finale expands the depth of our ecommerce solution suite by addressing a critical inflection point for growing ecommerce sellers,' said Mikel Richardson, general manager of e-commerce solutions at Descartes, in a Monday news release. 'As inventory complexity and risk of overselling increase, Finale provides the control and visibility merchants need to grow with confidence.' Descartes (NASDAQ: DSGX) continues to expand its network through acquisition. Earlier in the year, the Ontario, Canada- and Atlanta-based global supply chain SaaS provider acquired 3GTMS, a provider of cloud-based transportation management solutions, for approximately $115 million. That deal was aimed at expanding Descartes' capabilities in optimizing domestic truckload, less-than-truckload and parcel shipments. According to Descartes' CEO, Ed Ryan, the acquisition of Finale complements the company's other e-commerce investments focused on inventory, warehousing and shipping management. 'Together with Descartes Sellercloud, Finale furthers our mission to support ecommerce businesses through all phases of their growth, from a single product startup to a global, multi-channel enterprise,' Ryan said. 'We're thrilled to welcome Finale's customers, partners and team of domain experts into the Descartes family.' The acquisition was funded with cash on hand. An earnout of up to $15 million is tied to revenue-based targets and would be paid in fiscal years 2027 and 2028. More FreightWaves articles by Todd Maiden: XPO sees 'massive runway' to push margins higher Schneider National not yet choosing sides on potential changes to railroad landscape ArcBest's efficiency initiatives helping offset soft demand The post Descartes buys e-commerce inventory management platform for $40M appeared first on FreightWaves. Sign in to access your portfolio
Toronto Star
04-08-2025
- Business
- Toronto Star
Descartes Acquires Finale Inventory
Broadens Multi-Channel Inventory Management Capabilities to Scale Across Ecommerce Operations of all Sizes WATERLOO, Ontario and ATLANTA, Aug. 04, 2025 (GLOBE NEWSWIRE) — Descartes Systems Group (TSX:DSG) (Nasdaq:DSGX), the global leader in uniting logistics-intensive businesses in commerce, announced that it has acquired Finale Inventory ('Finale'), a U.S.-based provider of cloud-based inventory management solutions designed to support ecommerce businesses across their growth lifecycle.
