• ITVI.USA
    15,845.180
    -15.980
    -0.1%
  • OTLT.USA
    2.806
    0.013
    0.5%
  • OTRI.USA
    21.590
    0.130
    0.6%
  • OTVI.USA
    15,846.760
    -20.840
    -0.1%
  • TSTOPVRPM.ATLPHL
    2.950
    -0.570
    -16.2%
  • TSTOPVRPM.CHIATL
    3.610
    0.650
    22%
  • TSTOPVRPM.DALLAX
    1.370
    -0.240
    -14.9%
  • TSTOPVRPM.LAXDAL
    3.550
    0.210
    6.3%
  • TSTOPVRPM.PHLCHI
    2.320
    0.220
    10.5%
  • TSTOPVRPM.LAXSEA
    4.110
    0.250
    6.5%
  • WAIT.USA
    126.000
    0.000
    0%
  • ITVI.USA
    15,845.180
    -15.980
    -0.1%
  • OTLT.USA
    2.806
    0.013
    0.5%
  • OTRI.USA
    21.590
    0.130
    0.6%
  • OTVI.USA
    15,846.760
    -20.840
    -0.1%
  • TSTOPVRPM.ATLPHL
    2.950
    -0.570
    -16.2%
  • TSTOPVRPM.CHIATL
    3.610
    0.650
    22%
  • TSTOPVRPM.DALLAX
    1.370
    -0.240
    -14.9%
  • TSTOPVRPM.LAXDAL
    3.550
    0.210
    6.3%
  • TSTOPVRPM.PHLCHI
    2.320
    0.220
    10.5%
  • TSTOPVRPM.LAXSEA
    4.110
    0.250
    6.5%
  • WAIT.USA
    126.000
    0.000
    0%
BusinessCanadaInternationalNewsTechnology

Descartes Systems acquires ShipTrack for $19M

Supply chain software provider expands final-mile offerings

Supply chain software firm Descartes Systems Group (NASDAQ:DSGX) has acquired ShipTrack, a Canadian company that offers a cloud-based logistics platform for final-mile deliveries, for $19 million. 

Waterloo, Canada-based Descartes announced the acquisition on Friday and could pay an additional $19 million if ShipTrack meets revenue targets over two years. 

ShipTrack offers a scalable platform for managing resources and tracking shipments. Descartes highlighted ShipTrack’s applications for e-commerce home deliveries and parcel and medical courier operations. 

The acquisition is a timely one as the COVID-19 pandemic drives higher volumes of e-commerce and medical shipments. 

“We believe there is a permanent shift in buying preferences underway that will continue to see an increasing number of goods being bought online,” Descartes CEO Edward Ryan said in a statement. “Descartes continues to invest in our e-commerce capabilities to make sure that our customers, large and small, can fulfil orders and meet delivery commitments efficiently.”

ShipTrack, a Blockchain in Transport Alliance (BiTA) member, is developing a blockchain-based delivery platform utilizing technology from IBM. The platform is currently in beta testing.

Click for more FreightWaves articles by Nate Tabak

Big firms eye Canada COVID-19 vaccine distribution plans

Election 2020: For Canada, stakes go beyond trade

Canada needs logistics help with millions of COVID-19 vaccine doses

Nate Tabak, Border and North America Correspondent

Nate Tabak is a Toronto-based journalist and producer who covers cybersecurity and cross-border trucking and logistics for FreightWaves. He spent seven years reporting stories in the Balkans and Eastern Europe as a reporter, producer and editor based in Kosovo. He previously worked at newspapers in the San Francisco Bay Area, including the San Jose Mercury News. He graduated from UC Berkeley, where he studied the history of American policing. Contact Nate at ntabak@freightwaves.com.

We are glad you’re enjoying the content

Sign up for a free FreightWaves account today for unlimited access to all of our latest content

By signing in for the first time, I give consent for FreightWaves to send me event updates and news. I can unsubscribe from these emails at any time. For more information please see our Privacy Policy.