Descartes MacroPoint™ and FreightWaves SONAR Integrated to Deliver Advanced Transportation Capacity Management Solution
October 25 2021 - 6:45AM
Descartes Systems Group (Nasdaq: DSGX) (TSX:DSG), the global leader
in uniting logistics-intensive businesses in commerce, and
FreightWaves, an industry-leading provider of data, analytics and
news for global supply chains and logistics, announced that
FreightWaves SONAR Lane Score data is now available in the
Descartes MacroPoint™ Capacity Network. The combination provides
freight brokers with a single solution to see available capacity
and market pricing intelligence per transportation lane.
“The ripple effect of low freight availability over the last
year and a half particularly highlights how tight capacity can
impact rates and margins for brokers and shippers, as well as the
need for new transportation solutions,” said Travis Rhyan, Chief
Product Officer at FreightWaves. “We chose to work with Descartes
because of the breadth and depth of its network and unique approach
to addressing the transportation capacity challenges we face
today.”
The Descartes MacroPoint Capacity Network allows brokers to
search its network and contact over 216,000 carriers and their
assets on more than 1 million truckload transportation lanes in
North America. The lane network shows available carrier density,
helping brokers prioritize loads where transportation capacity is
constrained. Once the lanes are prioritized based on specific
parameters such as carrier ranking, equipment type needed,
available capacity, outreach frequency and others, brokers can
systematically communicate with the best fit carriers operating
within the network.
SONAR Lane Score from FreightWaves allows logistics
professionals to view market conditions on each lane via a simple
score system that represents how attractive—or not—it will be to
cover open loads in that lane. This insight allows decision makers
to prioritize lanes where capacity is tight to proactively adapt to
market rate movements and minimize risk.
Integrated to the Descartes MacroPoint Capacity Network, SONAR
Lane Score delivers a critical indicator of lane attractiveness
which, combined with the calculated inbound capacity score from the
Descartes solution, provides immediate insight into current market
conditions across the North American over-the-road network. The
combination also enhances day-to-day outreach as brokers can use
lane scores as automation triggers to send offers to the most
appropriate carriers servicing the network. Together, Descartes and
FreightWaves facilitate and automate load coverage decision-making
processes by giving logistics professionals critical data points to
prioritize and execute in a reliable and more cost-effective
way.
“Today’s transportation challenges are too complex to be
addressed by traditional manual methods and assumptions,” said
Xavier Bignon, Senior Product Manager at Descartes. “FreightWaves’
SONAR Lane Score helps to simplify the capacity sourcing
decision-making process, making it easier for brokers to serve
their customers and maximize their bottom line.”
To learn how the Descartes MacroPoint Capacity Network is
addressing the challenges of real-time freight visibility and
automated freight matching, visit: https://www.macropoint.com/.
To see why FreightWaves SONAR Lane Score is totally different
from other bulk lane rate tools on the market visit:
https://sonar.freightwaves.com/features/lane-scorecard.
About FreightWaves
FreightWaves is the world’s leading provider of freight market
forecasting, data, news and analysis. Logistics and supply chain
firms depend on FreightWaves for benchmarking, analytics,
monitoring and forecasting of pricing, capacity, demand, energy and
carbon intelligence. The company provides the freshest data and
market insights through SONAR, a subscription SaaS platform, and
through the world’s largest streaming media network focused on
logistics and supply chain information.
FreightWaves SONAR provides near real-time freight market data
and supply chain intelligence to 500+ enterprises. FreightWaves
Carbon Intelligence provides supply chain firms with transparency
on carbon emissions and solutions to achieve carbon neutrality.
FreightWaves Media operates the FreightWaves, American Shipper
and Modern Shipper brands. FreightWaves Media serves more than 1.5
million unique monthly visitors on its websites, generates 15
million monthly minutes of streaming TV and 100,000 monthly podcast
downloads.
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.
Descartes Contact Cara StrohackTel: +1(800)
419-8495 ext. 202025cstrohack@descartes.com
FreightWaves ContactMatt StubbsDirector, Public
Relationsmstubbs@freightwaves.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; 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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