US West Coast Ports Gained Market Share After Labor Deal
U.S. West Coast ports, which reached a labor deal with their workers this summer, gained market share in August from the previous month, while their main rivals on the East Coast lost ground, Descartes Systems Group DSG.TO said on Monday.For more than a year, as worker labor talks dragged on, West Coast ports lost market share. Worried shippers diverted containers filled with everything from furniture to food to ports on the East Coast and Gulf of Mexico.Some shippers told Reuters…
US West Coast Ports Regain Lost Volume as Competitive Pressure Mounts
Some U.S. importers who shifted cargo away from West Coast ports to rival gateways over fears that labor contract talks could disrupt shipments have begun bringing some of that volume back, even as those negotiations stretch into their 13th month, company supply chain executives said.But anxiety over labor negotiations only explains part of the market share losses at West Coast container ports, including the nation's busiest at Los Angeles/Long Beach, eight importers said at the…
US Container Imports Retreat to Pre-pandemic Level
U.S. imports of goods in ocean shipping containers in December fell to levels approaching those last seen before the COVID-19 pandemic, a new report said on Tuesday.Demand for kitchen appliances, furniture, big-screen TVs, apparel and other retail goods softened late last year as record inflation bit into disposable income and consumers shifted spending back to travel and other previously restricted activities.December 2022 U.S. container import volume topped 1.9 million 20-foot equivalent units (TEUs), according to Descartes Systems Group.
Descartes Acquires Datamyne
Descartes Systems Group, a leader in uniting logistics-intensive businesses in commerce via the Global Logistics Network (GLN), announced that it has acquired Datamyne, a provider of cloud-based trade data content solutions for customers to analyze import and export trade activity. Datamyne, primarily operating in the U.S. and South America, collects, cleanses and commercializes logistics trade data from over 50 nations across five continents, including key markets in North America, Latin America, Asia, Africa, and the European Union. More than 100 million records are gathered each year from official filings with customs authorities and trade ministries.
Descartes Acquires Customs Info
Descartes Systems Group (DSG), a global company in uniting logistics-intensive businesses in commerce operating the Global Logistics Network (GLN), acquired Customs Info LLC, a U.S.-based provider of trade data content to power Global Trade Management (GTM) systems and streamline global trade automation. Customs Info provides comprehensive trade data and related research tools to more than 800 multi-national shippers to help them reduce operating costs, improve customs compliance, and accelerate supply chain speed. This trade data populates GTM systems, including SAP GTS and Oracle GTM, and includes trade tariffs, duties, regulations, trade agreements, rules of origin and other trade-related content.
Ocean Carriers and NVOCCs Select Descartes
Descartes Systems Group announced that ocean carriers and nonvessel operating common carriers (NVOCCs) have selected Descartes' Japan Ocean Advanced Filing Rule (AFR) solution to help them comply with Japan's new advanced cargo security initiative, which takes effect March 10, 2014. Japan's AFR mandate requires ocean carriers and NVOCCs to electronically submit data to Japan Customs on maritime container cargo intended for a port in Japan no later than 24 hours before departure of the vessel from the port of loading.
Descartes to Announce Financial Results
Descartes Systems Group is scheduled to report its fiscal 2014 fourth quarter and annual financial results before market open on Thursday, March 6, 2014. Members of Descartes' executive management team will host a conference call to discuss the company's financial results at a.m. ET on Thursday, March 6. Designated numbers are +1 866 229-4144 for North America and +1 416 216-4169 for International, using Passcode 8010 580#. The company simultaneously will conduct an audio webcast on the Descartes website at www.descartes.com/descartes/investor-relations.
Descartes' Solution Transforms Tank Terminal
Descartes Systems Group transformed its core business from the storage of grains to the storage of oils with the help of Descartes' advanced European customs connectivity and compliance capabilities. "In the European oil storage business, the communication and exchange of documents with customs authorities is mission critical, much more so than with grain storage. With excise amounts in the millions of euros and operating permits at stake, the clearance and duty declaration process needs to be completely accurate," said Charles Smissaert, Managing Director at Botlek Tank Terminal.
Descartes Acquires Impatex
Descartes Systems Group, a global company uniting logistics-intensive businesses in commerce, acquired Impatex Freight Software Limited, a provider of electronic customs filing and freight forwarding solutions in the U.K. Impatex brings more than 200 freight forwarder customers to Descartes’ Global Logistic Network, with the majority of these in the U.K. By combining Impatex’s leading U.K. customs and forwarding solutions with Descartes’ global community of logistics participants and logistics management solutions…
Ryan Takes Over as Descartes CEO
Descartes Systems Group, a global company in uniting logistics-intensive businesses in commerce, has announced that Edward J. Ryan has been appointed as Descartes’ Chief Executive Officer, in accordance with its leadership succession plan. Mr. Ryan served as Descartes’ Chief Commercial Officer since 2011, in addition to several other senior executive roles since joining Descartes in 2000. Descartes also has announced that J. Scott Pagan has been appointed as Descartes’ President and Chief Operating Officer. Mr.
Descartes Acquires KSD Software
Descartes Systems Group, a global company in uniting logistics-intensive businesses in commerce, acquired KSD Software Norway AS (KSD), a Scandinavia-based provider of electronic customs filing solutions for the European Union (EU). The EU customs compliance market is characterized by a complex framework of member states; each with different regulations, languages and systems. Transportation carriers, logistics intermediaries and shippers have looked to technology partners, like Descartes and KSD, to help them manage this complexity. KSD brings more than 1,300 customers to Descartes’ Global Logistic Network, with the majority of these companies based in Scandinavia.
Total Customs Services Improves Operations
Descartes Systems Group, a global leader in uniting logistics-intensive businesses in commerce, announced that Total Customs Services is successfully using Descartes' cloud-based Canadian Customs Brokerage solution to improve shipment management, customs filing, security compliance, accounting and customer service operations. The solution also enables Total Customs Services to effectively collaborate with customers to electronically transmit the advance importer data required by the Canada Border Services Agency's (CBSA) Advance Commercial Information (ACI) eManifest program. Descartes' cloud-based Canadian Customs Brokerage solution is an enterprise-class application that handles the functions that a customs broker…
Descartes Holds Education Sessions Globally
Descartes Systems Group announced that in conjunction with Nippon Automated Cargo and Port Consolidation System (NACCS) it has launched a number of education sessions around the world to help ocean carriers and forwarders prepare for the upcoming Japan Advanced Filing Requirement (AFR). NACCS is responsible for the operation of the AFR system for Japan's Customs and Tariff Bureau. "With the Advance Filing Requirement, Japan is working to better secure its borders while improving the flow of goods into the country," said Robert Beauchemin, Executive Vice President Sales and Alliances at Descartes. Education sessions have already been conducted in Hong Kong, Shanghai and Ningbo, China for almost 400 ocean carrier and forwarder representatives. -- Webcast April 9 at 11 a.m.
Port of Antwerp Adopts Descartes' Services
Descartes Systems Group's announce its cloud-based messaging services now integrated with the Antwerp Port Community System's (APCS) e-Desk application. The solution, combined with the Global Logistics Network (GLN), provides declarants and terminal operators with a simple way to communicate shipment, container and status information with each other, and customs authorities, thereby reducing paperwork and improving operational efficiencies. APCS is the network of systems and solutions that facilitates the exchange of data between business-to-government (B2G) and business-to-business (B2B) participants using the port of Antwerp. APCS…
Descartes to Acquire IES
Descartes Signs Definitive Agreement to Acquire Integrated Export Systems Business; Adds a Robust Freight Forwarder and Customs Broker Community Specializing in Processing Shipments Originating in Asia. Descartes Systems Group, the global leader in uniting logistics-intensive businesses in commerce, has signed a definitive agreement to acquire substantially all of the assets of Integrated Export Systems, Ltd. and IES Asia Limited (collectively referred to as "IES") for approximately US$35 million in cash. IES provides software-as-a-service solutions that help freight forwarders, non-vessel operating common carriers (NVOCCs), and customs brokers manage their businesses and improve profitability.
Canada's Descartes Systems Acquire Dutch Software Provider
Infodis provides a rich, functional transportation management network-based solution that handles specific European logistics requirements. The solution manages both inbound and outbound purchased transportation for more than 5 million shipments per year to and from Europe, with particular strength in Europe/Asia Pacific shipping. "Logistics is a global business where local considerations play a key role in the efficiency of logistics operations," said Edward Ryan, Chief Commercial Officer at Descartes. Through the acquisition, more than 200 carriers in Europe and Asia, and some of the world's leading high-tech companies, will be connected to Descartes' Logistics Technology Platform, where more than 35,000 trading partners connect and collaborate to improve logistics operations.
Descartes Systems Acquires Infodis
Descartes Systems Group (TSX:DSG) (Nasdaq:DSGX), the global leader in uniting logistics-intensive businesses in commerce, acquired Infodis B.V., a Netherlands-based provider of software-as-a-service (SaaS) transportation management solutions. Infodis provides a rich, functional transportation management network-based solution that handles specific European logistics requirements. The solution manages both inbound and outbound purchased transportation for more than 5 million shipments per year to and from Europe, with particular strength in Europe/Asia Pacific shipping. "Logistics is a global business where local considerations play a key role in the efficiency of logistics operations," said Edward Ryan, Chief Commercial Officer at Descartes.
Descartes Acquires Oceanwide Logistics
Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), a global on-demand software-as-a-service (SaaS) logistics solutions provider, has acquired the logistics business of privately-held Oceanwide Inc. in an all-cash transaction. Oceanwide's logistics business is focused on a web-based, hosted SaaS model suited for customs brokers and freight forwarders who choose to outsource rather than procure or manage traditional enterprise applications behind their own firewalls. • Logistics management software that helps small- and medium-sized freight forwarders manage the international freight forwarding processes, including purchase order management, supply chain inventory management, event management and warehouse management.