The e-commerce parcel shipping solutions provider is Descartes’ sixth acquisition since the beginning of 2021.
“When we overperform, we expect to reinvest that back into our business. We focus on recurring revenues and establishing relationships with customers for life,” said Descartes’ CEO.
Descartes Systems Group’s MacroPoint Capacity network adding FreightWaves SONAR’s Lane Score data.
“We believe combining with good businesses makes us a better company and it will remain a large part of our plans going forward.”
The servitization of the trucking industry means there is a need for carriers to have better transparency of their available equipment in order to add new revenue streams.
“We want to remain innovative for what our customers need regardless of whether that innovation comes from what we’ve designed internally or from combining with a leading successful company that’s got something unique that the market wants.”
Supply chain software provider Descartes Systems Group has “sold more stuff than we’ve ever sold before” in recent quarters, its CEO says as revenue and profits soar.
Descartes acquired QuestaWeb for approximately $36 million.
Seeking out capacity the old way—countless phone calls, spreadsheets, undocumented tribal knowledge, physical maps and word of mouth while scouring multiple carrier portals and load boards with stale or unverified data⎯ is chronically inefficient.
Canadian supply chain software firm Descartes Systems Group continued to aggressively grow profits in the third quarter as it set a record for revenue.
