Descartes MacroPoint™ Capacity Network Reaches Milestone to Help Freight Brokers Cover More Loads
October 18 2021 - 6:45AM
Descartes Systems Group (Nasdaq: DSGX) (TSX:DSG), the global leader
in uniting logistics-intensive businesses in commerce, announced
that the Descartes MacroPoint™ Capacity Network now
covers over 1 million truckload transportation
lanes in the U.S. and Canada.
“In such a tight transportation market, improving our
ability to find more carriers and get loads covered is
critical to providing the best service to our
customers,” said Perry Faulk, Senior Vice President – Carrier
Operations at Nolan Transportation Group. “With the
extensive market coverage of the Descartes MacroPoint solution,
combined with the level of intelligence and automation it offers,
we have a powerful tool to improve our effectiveness at sourcing
capacity and covering loads.”
The Descartes MacroPoint Capacity Network helps freight
brokers find carrier capacity to cover their customer loads, even
in markets and regions where capacity is limited or in
new lanes where they may not have an
existing carrier network. Transportation coverage is
available for more than 216,000 carriers through Descartes
MacroPoint Capacity customers sharing their load
data. By using machine learning to match
potential carriers in near real-time to open loads,
the solution helps brokers to better rank carrier
matches. Brokers can send load offers to carriers either
manually or automatically via configurable business rules that can
incorporate considerations such as market indicators, pricing and
company preference notifications. Through this use of
intelligent automation, brokers have achieved on average 15 times
more loads matched than processed manually.
The network also helps carriers improve
asset utilization. With an increased number
of brokers having visibility
into their activity, carriers can secure more
loads and, in particular, loads in
the lanes that they want to operate. Carriers
also feel more confident in responding to Descartes
MacroPoint Capacity load requests as they are actual
requests from freight brokers as opposed
to “phantom” load requests that are just
checking the market for capacity.
“Freight brokers are challenged to meet customer demand and
maintain margins because of the acute shortage of transportation
capacity,” said Dan Cicerchi, General Manager, Transportation
Management at Descartes. “We thank our customers for helping
us to reach this important network coverage
milestone and, combined
with the advanced sourcing functionality of
the solution, we are making it easier for them to find
more capacity and cover loads.”
About Nolan Transportation Group
Nolan Transportation Group (NTG) provides third-party logistical
services for over 9,000 customers across the U.S., Canada, and
Mexico. Our carrier base consists of over 45,000 independent
transportation and truckload shipping companies that aid in
facilitating the movement of our customers’ product. NTG treats its
customers and carriers as partners. Our freight brokers establish
long-term relationships with our customers and provide the highest
level of service through our carriers. For more information, visit
www.ntgfreight.com.
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, performance and security of
logistics-intensive businesses. Customers use our modular,
software-as-a-service solutions to route, schedule, track and
measure 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 www.descartes.com, and connect with us
on LinkedIn and Twitter.
Global Media Contact Cara StrohackTel: +1(800)
419-8495 ext. 202025cstrohack@descartes.com
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' solution offering and
potential benefits derived therefrom including potential automation
benefits and asset utilization gains 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.
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