Shares of The Descartes Systems Group Inc. (TSE:DSG – Get Free Report) (NASDAQ:DSGX) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$105.54 and traded as high as C$108.56. The Descartes Systems Group shares last traded at C$104.07, with a volume of 341,727 shares traded.
Wall Street Analysts Forecast Growth Separately, National Bank Financial upgraded The Descartes Systems Group to a “strong-buy” rating in a report on Tuesday, July 14th. Four investment analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat.com, The Descartes Systems Group has a consensus rating of “Strong Buy”.
View Our Latest Analysis on DSG
The business’s 50 day moving average price is C$105.54 and its two-hundred day moving average price is C$100.47. The stock has a market cap of C$8.92 billion, a P/E ratio of 51.78, a price-to-earnings-growth ratio of 2.39 and a beta of 0.14. The company has a current ratio of 2.05, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50. Insider Buying and Selling In other The Descartes Systems Group news, insider William Chad Murphy sold 2,772 shares of the firm’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of C$101.05, for a total value of C$280,110.60. 0.02% of the stock is owned by company insiders.
About The Descartes Systems Group (Get Free Report)
Descartes powers more responsive, efficient, secure and sustainable international and domestic supply chains by uniting logistics-intensive businesses on its Global Logistics Network (‘GLN’). Shippers, carriers, and logistics service providers connect and collaborate on the GLN, leveraging technology, data and artificial intelligence (‘AI’) to manage last mile deliveries, domestic and international shipments, transportation rating and payment, global trade research, customs compliance and a variety of regulatory processes.
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Nykredit A S purchased a new stake in The Descartes Systems Group Inc. (NASDAQ:DSGX – Free Report) (TSE:DSG) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 33,500 shares of the technology company’s stock, valued at approximately $2,319,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AXA S.A. lifted its position in The Descartes Systems Group by 2.0% during the second quarter. AXA S.A. now owns 6,702 shares of the technology company’s stock valued at $681,000 after purchasing an additional 130 shares during the period. Reynders McVeigh Capital Management LLC boosted its holdings in The Descartes Systems Group by 0.3% in the third quarter. Reynders McVeigh Capital Management LLC now owns 55,260 shares of the technology company’s stock valued at $5,207,000 after purchasing an additional 140 shares during the last quarter. Orion Porfolio Solutions LLC grew its position in The Descartes Systems Group by 4.1% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 3,616 shares of the technology company’s stock worth $368,000 after purchasing an additional 143 shares during the period. Federated Hermes Inc. grew its position in The Descartes Systems Group by 19.2% during the 4th quarter. Federated Hermes Inc. now owns 1,098 shares of the technology company’s stock worth $96,000 after purchasing an additional 177 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in shares of The Descartes Systems Group by 57.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 548 shares of the technology company’s stock valued at $39,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 77.73% of the company’s stock.
The Descartes Systems Group Stock Performance DSGX opened at $78.94 on Tuesday. The Descartes Systems Group Inc. has a fifty-two week low of $62.56 and a fifty-two week high of $109.00. The company has a fifty day moving average of $75.41 and a two-hundred day moving average of $72.37. The stock has a market capitalization of $6.75 billion, a price-to-earnings ratio of 39.47 and a beta of 0.62.
Analyst Ratings Changes Several brokerages have recently issued reports on DSGX. National Bank Financial set a $95.00 price objective on The Descartes Systems Group and gave the company an “outperform” rating in a report on Monday, July 20th. Royal Bank Of Canada set a $125.00 target price on The Descartes Systems Group and gave the stock an “outperform” rating in a report on Friday. Canadian Imperial Bank of Commerce lifted their price target on The Descartes Systems Group from $116.00 to $118.00 and gave the company an “outperformer” rating in a research report on Thursday, June 4th. Loop Capital reissued a “buy” rating and issued a $96.00 price target on shares of The Descartes Systems Group in a report on Thursday, June 4th. Finally, Raymond James Financial lowered their price objective on The Descartes Systems Group from $118.00 to $108.00 and set an “outperform” rating on the stock in a research report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, The Descartes Systems Group has a consensus rating of “Moderate Buy” and a consensus target price of $102.46. Get Our Latest Report on The Descartes Systems Group
(Free Report)
The Descartes Systems Group Inc (NASDAQ: DSGX) is a global provider of cloud-based logistics and supply chain management solutions. The company’s software-as-a-service platform connects and optimizes the flow of goods, information and payments across the global supply chain, helping businesses coordinate transportation, customs clearance, routing, scheduling and fleet management. Descartes’ modular applications serve shippers, carriers, third-party logistics providers and regulatory authorities by enabling real-time visibility, compliance and execution across complex trade networks.
Headquartered in Waterloo, Ontario, Descartes was founded in 1981 and has grown through a combination of organic development and strategic acquisitions.
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Bank of New York Mellon Corp purchased a new position in The Descartes Systems Group Inc. (NASDAQ:DSGX – Free Report) (TSE:DSG) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 89,440 shares of the technology company’s stock, valued at approximately $6,193,000. Bank of New York Mellon Corp owned approximately 0.10% of The Descartes Systems Group at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. AXA S.A. increased its stake in The Descartes Systems Group by 2.0% in the second quarter. AXA S.A. now owns 6,702 shares of the technology company’s stock valued at $681,000 after acquiring an additional 130 shares during the last quarter. Reynders McVeigh Capital Management LLC lifted its stake in The Descartes Systems Group by 0.3% during the third quarter. Reynders McVeigh Capital Management LLC now owns 55,260 shares of the technology company’s stock worth $5,207,000 after purchasing an additional 140 shares during the last quarter. Orion Porfolio Solutions LLC boosted its holdings in shares of The Descartes Systems Group by 4.1% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 3,616 shares of the technology company’s stock worth $368,000 after purchasing an additional 143 shares in the last quarter. Federated Hermes Inc. boosted its holdings in shares of The Descartes Systems Group by 19.2% in the 4th quarter. Federated Hermes Inc. now owns 1,098 shares of the technology company’s stock worth $96,000 after purchasing an additional 177 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of The Descartes Systems Group by 57.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 548 shares of the technology company’s stock valued at $39,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 77.73% of the company’s stock.
Analysts Set New Price Targets Several analysts have issued reports on DSGX shares. National Bank Financial set a $95.00 target price on The Descartes Systems Group and gave the stock an “outperform” rating in a research note on Monday, July 20th. Raymond James Financial decreased their price target on shares of The Descartes Systems Group from $118.00 to $108.00 and set an “outperform” rating on the stock in a research note on Thursday, June 4th. Weiss Ratings upgraded shares of The Descartes Systems Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 21st. Loop Capital reaffirmed a “buy” rating and issued a $96.00 price objective on shares of The Descartes Systems Group in a research note on Thursday, June 4th. Finally, Royal Bank Of Canada set a $125.00 target price on shares of The Descartes Systems Group and gave the company an “outperform” rating in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $102.46.
Check Out Our Latest Report on The Descartes Systems Group The Descartes Systems Group Trading Down 2.2% Shares of The Descartes Systems Group stock opened at $78.94 on Friday. The firm has a market capitalization of $6.75 billion, a P/E ratio of 39.47 and a beta of 0.62. The business has a fifty day simple moving average of $75.22 and a two-hundred day simple moving average of $72.23. The Descartes Systems Group Inc. has a 12 month low of $62.56 and a 12 month high of $109.00.
The Descartes Systems Group (NASDAQ:DSGX – Get Free Report) (TSE:DSG) last issued its quarterly earnings results on Wednesday, June 3rd. The technology company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.03. The Descartes Systems Group had a net margin of 23.35% and a return on equity of 11.17%. The company had revenue of $166.96 million during the quarter, compared to analyst estimates of $193.57 million. During the same period last year, the business earned $0.41 EPS. The Descartes Systems Group’s quarterly revenue was up 14.7% compared to the same quarter last year. Analysts predict that The Descartes Systems Group Inc. will post 2.34 earnings per share for the current year.
(Free Report)
The Descartes Systems Group Inc (NASDAQ: DSGX) is a global provider of cloud-based logistics and supply chain management solutions. The company’s software-as-a-service platform connects and optimizes the flow of goods, information and payments across the global supply chain, helping businesses coordinate transportation, customs clearance, routing, scheduling and fleet management. Descartes’ modular applications serve shippers, carriers, third-party logistics providers and regulatory authorities by enabling real-time visibility, compliance and execution across complex trade networks.
Headquartered in Waterloo, Ontario, Descartes was founded in 1981 and has grown through a combination of organic development and strategic acquisitions.
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ATLANTA and LONDON, June 10, 2026 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that New York-based New Castle Building Products, a leading distributor of exterior building materials, has reduced its fleet mileage by approximately 25,000 miles annually using Descartes’ route planning and execution solution. By replacing manual planning with data-driven routing, New Castle has lowered fuel consumption and costs, improved route consistency and accuracy and enhanced on-time delivery performance, helping the company meet rising customer expectations while operating a more efficient and scalable distribution network.
“Serving customers across the Northeastern U.S. through a network that spans New York, New Jersey, Connecticut, Massachusetts, Pennsylvania, and Maryland we manage a large fleet with complex multi-stop routes, variable jobsite constraints and tight delivery windows,” said Keith Haskell, COO at New Castle Building Products. “Before Descartes, route planning was much more manual and decentralized, making it difficult to consistently optimize deliveries across locations. As demand increased, we needed a smarter way to improve planning efficiency and control costs without compromising service standards. With Descartes, we’ve been able to take approximately 25,000 miles out of our routes annually while improving delivery reliability and ensuring our customers get what they need, when they need it.”
Descartes’ route planning and execution platform helps building supply distributors manage the complexity of last mile delivery where high-value materials, specialized handling and tight delivery commitments are the norm. The solution enables more centralized and consistent dispatch operations across locations, while dynamically optimizing routes based on real-world constraints, such as delivery windows, vehicle capacity and traffic. This helps ensure efficient delivery execution while keeping contractor jobs on schedule. It also maximizes route density and vehicle capacity use to increase deliveries per route without increasing fleet size, and provides end-to-end visibility to drive continuous fleet performance improvement, higher productivity, lower fuel consumption and reduced emissions.
“Fuel is one of the largest and most volatile expenses in fleet operations, especially for building materials distributors managing multi-stop job site deliveries,” said James Wee, General Manager, Fleet Management at Descartes. “With more intelligent routing and better visibility into daily operations, companies can reduce unnecessary miles and fuel consumption, centralize dispatch operations across locations, and improve overall fleet performance, all of which helps to keep customers’ construction projects on schedule.”
For more information, visit Descartes Building Supply Resource Center.
About New Castle Building Products
New Castle Building Products (NCBP) is a family-owned distributor of building materials headquartered in White Plains, New York, serving customers across the Northeastern United States through 24 locations in six states. NCBP was established in 2002 but has roots dating back to 1910, the company has grown from a small sheet metal business into a leading supplier specializing in commercial and residential roofing. NCBP is known for its strong relationships with top manufacturers, broad product availability, and commitment to delivering high-quality materials and reliable service to its customers. Learn more at www.ncbp.com or www.newcastlemetal.com.
About Descartes
Descartes powers more responsive, efficient, secure and sustainable international and domestic supply chains by uniting logistics-intensive businesses on its Global Logistics Network (GLN). Shippers, carriers, and logistics service providers connect and collaborate on the GLN leveraging technology, data and AI to manage last mile deliveries, domestic and international shipments, transportation rating and payment, global trade research, customs compliance and a variety of regulatory processes. Learn more about Descartes at www.descartes.com and connect with us on LinkedIn and X.
Global Media Contact
Cara Strohack
Tel: 226-750-8050 [email protected]
This release contains forward-looking information within the meaning of applicable securities laws (“forward-looking statements”) that relate to Descartes’ fleet performance management solution offerings 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 regulatory authorities across Canada including Descartes’ most recently filed annual and interim management’s discussion and analysis which are available under Descartes’ profile through the EDGAR website at http://www.sec.gov or through the SEDAR+ website at http://www.sedarplus.com/. If any such risks actually occur, they could, among other consequences, 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.
WATERLOO, Ontario, June 11, 2026 (GLOBE NEWSWIRE) -- The Descartes Systems Group Inc (Nasdaq:DSGX) (TSX:DSG). announced the voting results from its annual meeting of shareholders held on Thursday, June 11, 2026 (the “Meeting”).
Meeting Results
The following matters, as set out in more detail in its Management Information Circular dated April 27, 2026, were considered and voted on by shareholders at the Meeting:
General
The total number of common shares of the Corporation represented in person or by proxy at the Meeting was 74,355,358 which represented 86.53% of the common shares of the Corporation that were outstanding as of the record date for the Meeting, being April 27, 2026.
Election of Directors
On a vote by ballot, each of the following 9 nominees proposed by management of the Corporation was elected as a director of the Corporation:
Director NomineeNumber of Votes FORPercentage of Votes FORNumber of Votes AGAINSTPercentage of Votes AGAINSTDeepak Chopra72,024,93498.91%790,8821.09%Eric Demirian68,897,18494.62%3,918,6335.38%Dennis Maple70,831,01897.27%1,984,7982.73%Jane Mowat72,631,09999.75%184,7180.25%Chris Muntwyler71,769,77698.56%1,046,0411.44%Jane O’Hagan 71,265,85597.87%1,549,9622.13%Edward Ryan72,403,03499.43%412,7830.57%John Walker69,848,25995.92%2,967,5584.08%Laura Wilkin72,541,21499.62%274,6030.38% Appointment of Auditors
On a vote by ballot, KPMG LLP, Chartered Professional Accountants, Licensed Public Accountants, were appointed as the auditors of the Corporation until the close of the next annual meeting of shareholders or until their successors are appointed.
Number of Votes FORPercentage of Votes FORNumber of Votes WITHHELDPercentage of Votes WITHHELD73,717,09499.14%638,2640.86% Amendment of Shareholder Rights Plan
On a vote by ballot, the resolution proposed by management of the Corporation to make certain amendments to the Corporation’s Shareholder Rights Plan was approved:
Number of Votes FORPercentage of Votes FORNumber of Votes AGAINSTPercentage of Total Votes AGAINST70,718,31397.12%2,097,5042.88% Say-On-Pay
On a vote by ballot, the “Say-On-Pay” resolution proposed by management of the Corporation was approved.
Number of Votes FORPercentage of Votes FORNumber of Votes AGAINSTPercentage of Total Votes AGAINST68,974,85094.73%3,840,9665.27% About Descartes
Descartes powers more responsive, efficient, secure and sustainable international and domestic supply chains by uniting logistics-intensive businesses on its Global Logistics Network (GLN). Shippers, carriers, and logistics service providers connect and collaborate on the GLN leveraging technology, data and AI to manage last mile deliveries, domestic and international shipments, transportation rating and payment, global trade research, customs compliance and a variety of regulatory processes. Learn more about Descartes at www.descartes.com and connect with us on LinkedIn and X.
The Descartes Systems Group Inc (DSGX) Stock Down 4.3% -- Now Undervalued? GF Score: 87/100
On June 18, 2026, The Descartes Systems Group Inc DSGX shares fell 4.3% today, closing at $67.42. The stock has experienced significant volatility, trading within a 52-week range of $62.56 to $109.00.
GF Value™ verdict: Current price of $67.42 is 41.4% below GF Value™ of $115.12.GF Score™ of 87/100 indicates a strong overall performance.Most notable signal: Financial Strength rated 10/10, suggesting robust financial health. Is DSGX Overvalued or Undervalued? Currently, The Descartes Systems Group Inc DSGX is trading at $67.42, significantly below the GF Value™ estimate of $115.12, indicating that the stock is undervalued by approximately 41.4%. This presents an opportunity for potential investors to consider the stock as it trades at a substantial margin of safety. The GF Valuation label classifies DSGX as significantly undervalued, suggesting that the current market price does not fully reflect the company's intrinsic value.
GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. The disparity between the current price and the GF Value™ suggests that DSGX may have favorable upside potential, although investors should be cautious of market conditions that could affect performance moving forward.
How Does DSGX's Valuation Compare to Its History? MetricCurrentHistorical P/E (TTM)33.7x65.8x Forward P/E29.0xN/A The current P/E (TTM) of 33.7x is significantly below its 5-year median P/E of 65.8x, indicating that the stock is trading at a discount relative to its historical valuation. This analysis aligns with the GF Value™ verdict of being undervalued, reinforcing the notion that the stock may be trading well below its intrinsic value.
What Does DSGX's GF Score™ Tell Us? MetricRating GF Score™87 Financial Strength10/10 Profitability10/10 Growth10/10 Valuation4/10 Momentum2/10 The GF Score™ of 87/100 indicates that The Descartes Systems Group Inc is likely to generate higher long-term returns. The company excels in Financial Strength, Profitability, and Growth, all rated at 10/10, which reflects its strong operational efficiency and growth potential. However, the Valuation rank of 4/10 and a low Momentum rank of 2/10 suggest that the stock may face challenges in the short term, despite its solid fundamentals.
What Are Insiders Doing with DSGX Stock? There have been no insider transactions in the last three months for The Descartes Systems Group Inc. This lack of insider activity may suggest that current insiders do not foresee immediate changes in the company's performance or stock valuation, which could be interpreted as a neutral signal regarding the stock's future trajectory.
What This Means for Investors Based on the GF Value™ assessment, The Descartes Systems Group Inc DSGX is currently undervalued. The significant gap between the current trading price and the estimated intrinsic value presents a potential investment opportunity, though investors should remain aware of market dynamics that could influence the stock's performance.
For the complete analysis, visit the The Descartes Systems Group Inc DSGX stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is DSGX's GF Score™?
The GF Score™ for DSGX is 87/100, indicating a strong overall performance that suggests potential for higher long-term returns.
Is DSGX overvalued or undervalued?
DSGX is currently undervalued, with a GF Value™ estimate of $115.12 compared to its current price of $67.42.
What is DSGX's P/E ratio?
The current P/E (TTM) ratio for DSGX is 33.7x, which is significantly below its historical 5-year median P/E of 65.8x.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Disclosures I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.
ATLANTA, June 23, 2026 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced a new review management and audit logging capability within Descartes MyCarrierPortal™ to help freight brokers, third party logistics service providers (3PLs) and shippers create auditable, transparent carrier selection processes. With standardized review workflows, management oversight and auditable decision records, AuditLog helps companies reduce their reliance on manual recordkeeping and disconnected documentation systems.
“As the U.S. transportation industry evaluates the implications of the recent U.S. Supreme Court ruling in Montgomery v. Caribe Transport II, LLC, documenting carrier vetting activities, establishing consistent review practices and demonstrating reasonable care in carrier selection is coming under greater scrutiny,” said Dan Cicerchi, EVP, Corporate & Operations Development at Descartes. “While carrier vetting and safety reviews have long been a critical component of transportation risk management, our new AuditLog capabilities help organizations establish more consistent governance around carrier selection while maintaining operational efficiency.”
Built directly into the Descartes MyCarrierPortal carrier onboarding and compliance solution, AuditLog combines carrier review management and audit logging in a single workflow, helping organizations create a clear record of carrier evaluations, management reviews and onboarding decisions. The solution automatically documents carrier risk assessment information, review activity, management oversight and outcomes at the time decisions are made, which preserves a historical record of carrier evaluations and onboarding decisions. This “snapshot in time” approach helps organizations maintain a record of what information was available and considered during the review process, as carrier profiles, safety records, operating authorities and risk factors may evolve over time.
“As a long-standing Descartes customer, we’re pleased to see the ongoing commitment to expand the carrier vetting capabilities available within the platform,” said Holly Phillips, Director, Accounts Receivable, Bridgeway. “In the wake of the Montgomery decision, the ability to leverage customizable carrier risk assessments and conduct deeper carrier reviews directly within the carrier profile will be increasingly valuable as organizations look to strengthen and document their carrier selection processes.”
Using AuditLog, organizations can:
Review carrier risk and safety assessments through a centralized workflowDocument carrier approvals and denials with commentary and supporting rationaleRoute carriers requiring additional scrutiny through management review processesEstablish future review dates for ongoing oversightAutomatically record review actions and workflow changesCreate auditable records of carrier selection decisionsImprove visibility and communication across operational, safety, and compliance teamsSupport internal governance, audit, and documentation initiatives “Companies need more repeatable, defensible review practices to document the information reviewed, decisions made and oversight applied throughout the carrier onboarding process,” said Ken Wood, EVP Product Management at Descartes. “AuditLog provides the structured workflows, documented management escalation paths and consistent review records required to help teams better mitigate liability by efficiently following established carrier selection procedures.”
AuditLog is available now for all Descartes MyCarrierPortal customers.
Learn more about Descartes MyCarrierPortal AuditLog and Descartes’ transportation management solutions.
About Descartes
Descartes powers more responsive, efficient, secure and sustainable international and domestic supply chains by uniting logistics-intensive businesses on its Global Logistics Network (GLN). Shippers, carriers, and logistics service providers connect and collaborate on the GLN leveraging technology, data and AI to manage last mile deliveries, domestic and international shipments, transportation rating and payment, global trade research, customs compliance and a variety of regulatory processes. Learn more about Descartes at www.descartes.com and connect with us on LinkedIn and X.
Global Media Contact
Cara Strohack
Tel: 226-750-8050 [email protected]
This release contains forward-looking information within the meaning of applicable securities laws (“forward-looking statements”) that relate to Descartes’ transportation management solution offerings 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 regulatory authorities across Canada including Descartes’ most recently filed annual and interim management’s discussion and analysis which are available under Descartes’ profile through the EDGAR website at http://www.sec.gov or through the SEDAR+ website at http://www.sedarplus.com/. If any such risks actually occur, they could, among other consequences, 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.
Expands AI-powered last mile logistics capabilities and Global Logistics Network with Latin American delivery management platform
WATERLOO, Ontario, ATLANTA and SANTIAGO, Chile, July 06, 2026 (GLOBE NEWSWIRE) -- The Descartes Systems Group (Nasdaq: DSGX) (TSX: DSG), the global leader in uniting logistics-intensive businesses in commerce, today announced the acquisition of Drivin, a leading provider of last mile delivery management solutions across Latin America.
Drivin enables distributors, retailers, consumer goods companies, and logistics service providers to improve delivery performance with advanced route optimization, dispatch management, and real-time execution visibility, enhanced by machine learning and agentic AI capabilities. The platform is widely adopted in high-density urban environments where logistics complexity and service expectations continue to increase.
“Drivin brings a proven and highly adaptable solution for managing complex last mile operations. It also has a significant volume of last mile logistics data and operational metadata generated from real-world delivery execution across Latin America to improve AI training and execution, predictive analytics, and optimization,” said James Wee, General Manager of Fleet Performance Management solutions at Descartes. “The combination enhances our ability to serve distribution-intensive businesses around the world as they modernize and scale to meet customer expectations for faster, more reliable delivery experiences amidst growing urban congestion and complexity.”
"Latin America represents a growth market for Descartes and for the broader logistics technology industry," said Edward J. Ryan, Descartes' CEO. "Drivin complements our existing fleet performance management offering, expands our reach in Latin America, and adds experienced leadership and deep domain expertise to help accelerate innovation, adoption and customer success across the Descartes Global Logistics Network.”
Drivin is headquartered in Santiago, Chile. Descartes acquired Drivin for up-front consideration of approximately US $30 million satisfied with cash on hand, plus potential performance-based consideration. The maximum amount payable under the all-cash performance-based earn-out is US $5 million, based on the combined business achieving revenue-based targets in the first two years post-acquisition. Any earn-out is expected to be paid in fiscal 2029.
About Descartes
Descartes powers more responsive, efficient, secure and sustainable international and domestic supply chains by uniting logistics-intensive businesses on its Global Logistics Network (GLN). Shippers, carriers, and logistics service providers connect and collaborate on the GLN leveraging technology, data and AI to manage last mile deliveries, domestic and international shipments, transportation rating and payment, global trade research, customs compliance and a variety of regulatory processes. Learn more about Descartes at www.descartes.com and connect with us on LinkedIn and X.
This release contains forward-looking information within the meaning of applicable securities laws ("forward-looking statements") that relate to Descartes' acquisition of Drivin and its solution offerings; the potential to provide customers with last-mile delivery and fleet performance management solutions; other potential benefits derived from the acquisition and Drivin’s solution offerings; 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 expected future performance of the Drivin business based on its historical and projected performance as well as 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 regulatory authorities across Canada including Descartes’ most recently filed annual and interim management's discussion and analysis which are available under Descartes’ profile through the EDGAR website at http://www.sec.gov or through the SEDAR+ website at http://www.sedarplus.com/. 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.
ATLANTA, July 29, 2026 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Chicago-based Forefront Global Logistics (FGL), an AI-forward freight brokerage serving domestic and international supply chains, is using Descartes’ transportation management suite to help build an AI-powered digital freight brokerage that automates freight execution, strengthens carrier security and helps FGL scale more efficiently.
“Freight brokerages are under pressure to grow shipment volume while reducing manual work and defending against increasingly sophisticated fraud schemes,” said Daniel Shirazi, FGL President and co-founder. “By replacing our previous transportation management system (TMS) with Descartes’ integrated technology stack, we’ve been able to expand rapidly without proportionally increasing headcount. At the same time, we’ve automated freight execution, shipment visibility and carrier onboarding while reducing fraud exposure for customers. We’ve also leveraged Descartes’ AI agents to automate routine shipment engagement and exception handling, nearly eliminating manual check calls, increasing no-touch tracking and improving shipment data quality.”
Instead of having disconnected point systems, FGL is managing end-to-end brokerage workflows with Descartes’ unified platform that integrates:
Descartes Aljex™: Automates workflows from order entry and carrier selection through dispatch and communications, reducing manual work while increasing brokerage throughput.Descartes MacroPoint™: Provides real-time multimodal shipment visibility, seamless capacity sourcing and access to the industry’s most reliable global network of carriers, lowering costs and freeing up resources to focus on customer relationships and growth.Descartes MacroPoint OpsForce: Uses AI agents to automate routine shipment engagement, tracking continuity, exception handling and documentation collection, which improves tracking coverage, shipment data quality and customer responsiveness without adding labor.Descartes MyCarrierPortal™: Drives multi-faceted security and compliance within its carrier network, including robust carrier vetting, automated onboarding and ongoing risk monitoring with sophisticated fraud prevention. Also enables capacity sourcing through trusted and verified carrier networks. “We’re pleased our platform is helping FGL support its rapidly expanding brokerage operations,” said Andrew Wimer, Associate General Manager, Transportation Management at Descartes. “Leading freight brokers are increasingly relying on AI-enabled operating platforms rather than collections of disconnected transportation tools. By combining transportation execution, visibility, AI automation and carrier trust onto a single platform, brokers are better positioned to create a more resilient operating model.”
Learn more about Descartes' transportation management solutions.
About Forefront Global Logistics
Headquartered in Chicago, IL, Forefront Global Logistics delivers responsive, scalable logistics and transportation solutions for domestic and global supply chains across multiple industries, including food and beverage, consumer and retail, health and pharmaceutical, automative, technology, industrial, energy, and aerospace. With a focus on personalized service, the rapidly-expanding third-party logistics provider (3PL) offers access to an extensive range of best-in-class freight forwarding and brokerage services, from road, intermodal, ocean, air, expedited, and hotshot freight to LTL shipping, drayage, and warehousing logistics. For more information, visit www.forefrontlog.com.
About Descartes
Descartes powers more responsive, efficient, secure and sustainable international and domestic supply chains by uniting logistics-intensive businesses on its Global Logistics Network (GLN). Shippers, carriers, and logistics service providers connect and collaborate on the GLN leveraging technology, data and AI to manage last mile deliveries, domestic and international shipments, transportation rating and payment, global trade research, customs compliance and a variety of regulatory processes. Learn more about Descartes at www.descartes.com and connect with us on LinkedIn and X.
Global Media Contact
Cara Strohack
Tel: 226-750-8050 [email protected]
This release contains forward-looking information within the meaning of applicable securities laws (“forward-looking statements”) that relate to Descartes’ transportation management solution offerings 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 regulatory authorities across Canada including Descartes’ most recently filed annual and interim management’s discussion and analysis which are available under Descartes’ profile through the EDGAR website at http://www.sec.gov or through the SEDAR+ website at http://www.sedarplus.com. 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.
LONDON and ATLANTA, Aug. 04, 2026 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, introduced its new artificial intelligence (AI)-enabled Descartes Free Trade Intelligence™ (FTI) solution to help manufacturers, importers and exporters lower costs by making more informed sourcing and trade decisions. For organizations with enterprise resource planning (ERP) systems that lack comprehensive global trade management (GTM) capabilities, the solution helps qualify appropriate goods for preferential tariff treatment faster, maximize duty savings opportunities, and reduce compliance risk.
“Free trade agreement eligibility can unlock significant duty savings, but qualification remains one of the most complex and resource-intensive areas of compliance. Many organizations continue to manage analysis using spreadsheets, disconnected systems and manual interpretation of regulations. This can create operational inefficiencies, risk and missed opportunities to leverage preferential trade programs,” said Brian Hodgson, General Manager, Global Trade Intelligence at Descartes. “By combining AI-driven analysis and decision support, Descartes’ new solution helps organizations understand how sourcing decisions, supplier changes and evolving trade agreements can impact qualification outcomes.”
Leveraging Descartes’ Global Logistics Network™ (GLN) and built on one of the industry’s most comprehensive libraries of rules of origin covering more than 250 regimes globally, the Descartes FTI AI solution combines rules-of-origin analysis, regional value content (RVC) calculations, tariff shift logic, supplier declaration management and explainable recommendations in one auditable workflow. The platform uses AI to analyze bills of materials (BOM), tariff classifications, rules of origin and supplier declarations while retaining qualification logic for binding compliance decisions. The solution integrates with Descartes’ Global Trade Intelligence suite and ERP environments, enabling organizations to embed AI-powered qualification into existing trade compliance workflows.
Descartes FTI AI provides manufacturers, importers and exporters with:
Faster duty/tariff savings decisions with AI-enabled analysis across multiple agreements that reduces manual review cyclesStronger audit readiness for internal governance and customs inquiries with documented analysis of reasoning, calculations and tariff shift logic behind recommendationsLess manual supplier outreach and data collection with automatic requalification that tracks declarations, supplier responses and requalification triggersMore informed production and purchasing decisions with scenario modeling to proactively evaluate sourcing alternatives and optimize preferential duty opportunities “Organizations are looking for practical AI solutions that deliver measurable business value for quickly changing supply chains,” said Ken Wood, EVP, Product Management at Descartes. “By combining AI with trusted regulatory expertise and transparent decision-making, Descartes FTI AI helps customers accelerate complex qualification across multiple agreements, capture preferential duty savings more efficiently and improve compliance readiness.”
Learn more about Descartes’ Global Trade Intelligence solutions.
About Descartes
Descartes powers more responsive, efficient, secure and sustainable international and domestic supply chains by uniting logistics-intensive businesses on its Global Logistics Network (GLN). Shippers, carriers, and logistics service providers connect and collaborate on the GLN leveraging technology, data and AI to manage last mile deliveries, domestic and international shipments, transportation rating and payment, global trade research, customs compliance and a variety of regulatory processes. Learn more about Descartes at www.descartes.com and connect with us on LinkedIn and X.
Global Media Contact
Cara Strohack
Tel: 226-750-8050 [email protected]
This release contains forward-looking information within the meaning of applicable securities laws (“forward-looking statements”) that relate to Descartes’ global trade intelligence solution offerings, including AI-enabled capabilities and potential benefits derived therefrom; and other matters. Forward-looking statements may also include statements regarding the anticipated capabilities, performance, adoption and benefits of Descartes’ AI-enabled solutions, which are subject to risks and uncertainties relating to customer adoption, data quality and availability, technological developments, and evolving regulatory requirements. 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 regulatory authorities across Canada including Descartes’ most recently filed annual and interim management’s discussion and analysis which are available under Descartes’ profile through the EDGAR website at http://www.sec.gov or through the SEDAR+ website at http://www.sedarplus.com/. If any such risks actually occur, they could, among other consequences, 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.
WATERLOO, Ontario and ATLANTA, Aug. 04, 2026 (GLOBE NEWSWIRE) -- Descartes Systems Group (TSX: DSG) (Nasdaq: DSGX), the global leader in uniting logistics-intensive businesses in commerce, is scheduled to report its second quarter fiscal 2027 financial results after market close on Thursday, September 10, 2026.
Members of Descartes' executive management team will host a conference call to discuss the company's financial results at 5:30 p.m. ET on Thursday, September 10, 2026. Designated numbers are +1 289 514 5100 or Toll-Free for North America at +1 800 717 1738, using conference ID 96697.
The company will simultaneously conduct an audio webcast on the Descartes website at www.descartes.com/descartes/investor-relations. A phone conference dial-in or webcast log-in is required approximately 10 minutes before the start.
Replays of the conference call will be available until Thursday, September 17, 2026, by dialing +1 289 819 1325 or Toll-Free for North America using +1 888 660 6264 with Playback Passcode: 96697#. An archived replay of the webcast will be available at www.descartes.com/descartes/investor-relations.
About Descartes
Descartes powers more responsive, efficient, secure and sustainable international and domestic supply chains by uniting logistics-intensive businesses on its Global Logistics Network (GLN). Shippers, carriers, and logistics service providers connect and collaborate on the GLN leveraging technology, data and AI to manage last mile deliveries, domestic and international shipments, transportation rating and payment, global trade research, customs compliance and a variety of regulatory processes. Learn more about Descartes at
www.descartes.com and connect with us on LinkedIn and X.
Amundi boosted its position in The Descartes Systems Group Inc. (NASDAQ:DSGX – Free Report) (TSE:DSG) by 11.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 130,186 shares of the technology company’s stock after acquiring an additional 13,334 shares during the quarter. Amundi owned 0.15% of The Descartes Systems Group worth $9,316,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its position in shares of The Descartes Systems Group by 57.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 548 shares of the technology company’s stock valued at $39,000 after purchasing an additional 200 shares during the last quarter. Empowered Funds LLC lifted its position in shares of The Descartes Systems Group by 2.1% during the 1st quarter. Empowered Funds LLC now owns 44,499 shares of the technology company’s stock worth $3,184,000 after purchasing an additional 904 shares during the last quarter. American Capital Management Inc. grew its stake in shares of The Descartes Systems Group by 12.9% during the first quarter. American Capital Management Inc. now owns 19,138 shares of the technology company’s stock worth $1,370,000 after purchasing an additional 2,189 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in The Descartes Systems Group by 140.5% in the first quarter. The Manufacturers Life Insurance Company now owns 1,100,755 shares of the technology company’s stock valued at $78,772,000 after buying an additional 643,071 shares during the last quarter. Finally, Quantinno Capital Management LP raised its stake in The Descartes Systems Group by 106.5% in the first quarter. Quantinno Capital Management LP now owns 40,341 shares of the technology company’s stock valued at $2,887,000 after buying an additional 20,808 shares in the last quarter. Hedge funds and other institutional investors own 77.73% of the company’s stock.
The Descartes Systems Group Price Performance NASDAQ:DSGX opened at $76.62 on Thursday. The firm’s fifty day moving average price is $72.44 and its 200 day moving average price is $71.66. The Descartes Systems Group Inc. has a 1-year low of $62.56 and a 1-year high of $109.00. The firm has a market cap of $6.56 billion, a price-to-earnings ratio of 38.31 and a beta of 0.62.
The Descartes Systems Group (NASDAQ:DSGX – Get Free Report) (TSE:DSG) last announced its quarterly earnings data on Wednesday, June 3rd. The technology company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.03. The company had revenue of $166.96 million for the quarter, compared to analysts’ expectations of $193.57 million. The Descartes Systems Group had a net margin of 23.35% and a return on equity of 11.17%. The Descartes Systems Group’s revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.41 EPS. As a group, analysts expect that The Descartes Systems Group Inc. will post 2.37 earnings per share for the current fiscal year. Wall Street Analyst Weigh In Several equities research analysts have recently weighed in on DSGX shares. Loop Capital restated a “buy” rating and set a $96.00 target price on shares of The Descartes Systems Group in a research note on Thursday, June 4th. Canadian Imperial Bank of Commerce raised their price objective on shares of The Descartes Systems Group from $116.00 to $118.00 and gave the stock an “outperformer” rating in a report on Thursday, June 4th. Raymond James Financial lowered their target price on shares of The Descartes Systems Group from $118.00 to $108.00 and set an “outperform” rating for the company in a report on Thursday, June 4th. Rothschild & Co Redburn upgraded shares of The Descartes Systems Group from a “neutral” rating to a “buy” rating and cut their price target for the stock from $100.00 to $90.00 in a research note on Thursday, April 16th. Finally, Weiss Ratings raised shares of The Descartes Systems Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $102.54.
Check Out Our Latest Research Report on The Descartes Systems Group
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The Descartes Systems Group Inc (NASDAQ: DSGX) is a global provider of cloud-based logistics and supply chain management solutions. The company’s software-as-a-service platform connects and optimizes the flow of goods, information and payments across the global supply chain, helping businesses coordinate transportation, customs clearance, routing, scheduling and fleet management. Descartes’ modular applications serve shippers, carriers, third-party logistics providers and regulatory authorities by enabling real-time visibility, compliance and execution across complex trade networks.
Headquartered in Waterloo, Ontario, Descartes was founded in 1981 and has grown through a combination of organic development and strategic acquisitions.
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ATLANTA and LONDON, Aug. 18, 2026 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced new AI-powered Image Document Management (IDM) capabilities. These capabilities help customs brokers, freight forwarders and logistics service providers accelerate customs entry preparation, and shipment creation and execution. With logistics-trained AI agents embedded directly into Descartes’ customs and transportation solutions, organizations can transform trade documents into operationally ready data that reduces manual data entry and improves operational efficiency.
“Entering commercial invoice data is one of the most labor-intensive activities in the import process, especially when shipments include complex commercial invoices with hundreds of line items,” said Scott Sangster, General Manager, Logistics Service Providers at Descartes. “Rather than simply digitizing individual documents, our agentic IDM solution interprets commercial invoices, bills of lading, packing lists and related shipment documents in context. It can extract, validate and prepare data that can immediately begin customs and transportation workflows with significantly fewer exceptions and manual corrections. By eliminating repetitive rekeying from multiple documents while remaining within existing Descartes applications, organizations can process higher shipment volumes with greater consistency and significantly less manual effort.”
Leveraging Descartes’ Global Logistics Network™ (Descartes GLN™), Descartes’ AI-based IDM capabilities allow organizations to process trade documents inside the Descartes applications they already use every day to create shipments or prepare customs entries. Unlike standalone AI document-processing solutions that require separate applications, custom integrations or manual handoffs between systems, Descartes’ solution eliminates “swivel-chair” workflows between multiple systems while reducing implementation complexity and accelerating time-to-value. The solution also understands and processes multiple document types associated with the same shipment.
Descartes’ AI-based IDM provides customs brokers, freight forwarders and logistics service providers with:
Less manual data entry with AI-enabled extraction, interpretation and preparation of customs and logistics information from commercial invoices, bills of lading, packing lists and other trade documentsFaster customs entry and shipment creation by preparing operationally ready data that can initiate customs and transportation transactions without repetitive rekeyingMore consistent processing across related shipment documents with fewer exceptions, manual corrections and rework across high-volume customs and logistics operationsAbility to scale operations more efficiently with expanded document-processing capacity that supports business growth without proportional increases in staffingSimple and functional AI adoption with logistics-trained agents embedded into existing Descartes solutions, eliminating the need for separate applications, complex integrations or customer-trained AI models “While document processing remains one of the largest sources of manual effort in customs brokerage and logistics operations, most customers aren’t looking for another separate AI application to manage documents,” said Ken Wood, Executive Vice President of Product Management at Descartes. “With our solution, customers can automate one of the most time-consuming aspects of customs and logistics operations through agentic capabilities that are embedded within the Descartes platform they rely on every day. The goal is not simply to read a shipment document, but to quickly understand its logistics context and rapidly prepare the data needed to move the customs entry or shipment forward faster and more accurately.”
Learn more about Descartes’ AI-based Image Document Management capabilities.
About Descartes
Descartes powers more responsive, efficient, secure and sustainable international and domestic supply chains by uniting logistics-intensive businesses on its Global Logistics Network (GLN). Shippers, carriers, and logistics service providers connect and collaborate on the GLN leveraging technology, data and AI to manage last mile deliveries, domestic and international shipments, transportation rating and payment, global trade research, customs compliance and a variety of regulatory processes. Learn more about Descartes at www.descartes.com and connect with us on LinkedIn and X.
Global Media Contact
Cara Strohack
Tel: 226-750-8050 [email protected]
This release contains forward-looking information within the meaning of applicable securities laws (“forward-looking statements”) that relate to Descartes’ broker and forwarder enterprise system solution offerings, including AI-enabled capabilities and potential benefits derived therefrom; and other matters. Forward-looking statements may also include statements regarding the anticipated capabilities, performance, adoption and benefits of Descartes’ AI-enabled solutions, which are subject to risks and uncertainties relating to customer adoption, data quality and availability, technological developments and evolving regulatory requirements. 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 regulatory authorities across Canada including Descartes’ most recently filed annual and interim management’s discussion and analysis which are available under Descartes’ profile through the EDGAR website at http://www.sec.gov or through the SEDAR+ website at http://www.sedarplus.com/. If any such risks actually occur, they could, among other consequences, 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.
Expands Transportation Management Capabilities and Global Logistics Network with AI-Enabled Freight Brokerage Platform
WATERLOO, Ontario, and ATLANTA, Aug. 24, 2026 (GLOBE NEWSWIRE) -- The Descartes Systems Group (Nasdaq: DSGX) (TSX: DSG), the global leader in uniting logistics-intensive businesses in commerce, today announced the acquisition of Tai, a leading provider of advanced transportation management solutions for freight brokers.
Tai provides an AI-powered transportation management platform that serves as the system of action for freight brokers, orchestrating the entire shipment lifecycle across truckload (TL), less-than-truckload (LTL), drayage, and cross-border operations. By unifying quoting, carrier sourcing, load execution, billing, and customer engagement in a single workflow, Tai helps brokers automate operations and make better decisions faster.
“Freight brokers play a critical role in connecting shippers and carriers to efficiently execute transportation moves across North America. The acquisition expands our transportation management capabilities for freight brokers and adds valuable transaction, carrier and shipment execution data to the Descartes Global Logistics Network™,” said Andrew Wimer, Associate General Manager - Transportation Management at Descartes. “We’re also pleased to welcome Tai’s team of proven domain experts to help accelerate our pace of innovation while best serving our joint customers.”
“Transportation networks are becoming increasingly dynamic and complex. At the same time, AI is changing how our customers manage freight, capacity and execution,” said Edward J. Ryan, CEO of Descartes. “Tai complements our strengths in carrier onboarding, compliance, fraud prevention, and real-time visibility. By combining our solutions, we see a significant opportunity to help freight brokers navigate change, streamline freight execution, improve operating margins, strengthen customer and carrier relationships, and support digital transformation.”
Tai is headquartered in California. Descartes acquired Tai Software for approximately US $100 million, satisfied from cash on hand.
About Descartes
Descartes powers more responsive, efficient, secure and sustainable international and domestic supply chains by uniting logistics-intensive businesses on its Global Logistics Network (GLN). Shippers, carriers, and logistics service providers connect and collaborate on the GLN leveraging technology, data and AI to manage last mile deliveries, domestic and international shipments, transportation rating and payment, global trade research, customs compliance and a variety of regulatory processes. Learn more about Descartes at www.descartes.com and connect with us on LinkedIn and X.
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' acquisition of Tai Software and its solution offerings; the integration of the Tai Software business and solutions with Descartes' operations and offerings, the potential to provide customers with transportation management solutions; other potential benefits derived from the acquisition and Tai Software’s solution offerings; 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 expected future performance of the Tai Software business based on its historical and projected performance the successful integration of the acquired business, the retention of customers and employees, realization of anticipated synergies and benefits, as well as 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 regulatory authorities across Canada including Descartes’ most recently filed annual and interim management's discussion and analysis which are available under Descartes’ profile through the EDGAR website at http://www.sec.gov or through the SEDAR+ website at http://www.sedarplus.com/. If any such risks actually occur, they could, among other consequences, 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.
This press release was published by a CLEAR® Verified individual.
ATLANTA and LONDON, Aug. 31, 2026 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Michigan-based K&R International Services (K&R) is using Descartes’ global security filing solution to automate European Union Import Control System 2 (ICS2) security filings for charter cargo carriers carrying large volumes of individual ecommerce shipments. With the Descartes solution, K&R can standardize high-volume ecommerce air shipment data and automate hundreds of thousands of regulatory submissions per month, helping the company manage tight air cargo security processing windows and maintain responsive customer service as volumes grow.
“A single charter flight can include tens of thousands of individual ecommerce parcels, each with shipment data that must be processed within tight regulatory and operational windows,” said Kelly McFall, President at K&R. “At this scale, one-at-a-time security filings aren’t feasible. Descartes helps us automate and standardize this work, giving our team the capacity to support high volume ecommerce while maintaining the accuracy and responsiveness our carrier customers require.”
Leveraging the Descartes Global Logistics Network™ (Descartes GLN™), Descartes’ global security filing solution helps organizations standardize shipment data capture, electronically transmit security filings to customs authorities, and manage customs responses and exceptions. These capabilities help companies improve filing accuracy and maintain efficient cross-border customs processing across compressed entry timelines and high shipment volumes. Descartes supports cargo security filing requirements in the U.S. and Canada; Europe, the Middle East and Africa; Latin America and the Caribbean; and in the Asia-Pacific region.
“High-volume ecommerce air cargo creates a demanding security filing environment, especially when charter flights consolidate large numbers of individual parcels,” said Scott Sangster, General Manager, Logistics Services Providers at Descartes. “K&R’s use of our Global Security Filing solution demonstrates how automation and connectivity can help a specialized air cargo service provider process substantial volumes efficiently and support compliant cargo movement into the EU and around the world.”
Learn more about Descartes’ global security filing solutions and explore additional air cargo industry resources.
About Descartes
Descartes powers more responsive, efficient, secure and sustainable international and domestic supply chains by uniting logistics-intensive businesses on its Global Logistics Network (GLN). Shippers, carriers, and logistics service providers connect and collaborate on the GLN leveraging technology, data and AI to manage last mile deliveries, domestic and international shipments, transportation rating and payment, global trade research, customs compliance and a variety of regulatory processes. Learn more about Descartes at www.descartes.com and connect with us on LinkedIn and X.
Global Media Contact
Cara Strohack
Tel: 226-750-8050 [email protected]
This release contains forward-looking information within the meaning of applicable securities laws (“forward-looking statements”) that relate to Descartes’ customs and regulatory compliance solution offerings 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 regulatory authorities across Canada including Descartes’ most recently filed annual and interim management’s discussion and analysis which are available under Descartes’ profile through the EDGAR website at http://www.sec.gov or through the SEDAR+ website at http://www.sedarplus.com/. If any such risks actually occur, they could, among other consequences, 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.
Adds AI-Enabled 3PL Warehouse Management and Omnichannel Fulfillment Capabilities to the Global Logistics Network
WATERLOO, Ontario and ATLANTA, Sept. 01, 2026 (GLOBE NEWSWIRE) -- The Descartes Systems Group (Nasdaq: DSGX) (TSX: DSG), the global leader in uniting logistics-intensive businesses in commerce, today announced the acquisition of Extensiv, a leading provider of warehouse management and fulfillment solutions for third-party logistics providers (3PLs) and the brands they serve.
The acquisition extends Descartes' warehouse and inventory management capabilities while deepening its reach into the 3PL and ecommerce fulfillment market. Extensiv helps 3PLs better manage inventory, orders, B2B and B2C fulfillment, and billing across a connected network of sales channels, ecommerce platforms, online marketplaces, and carriers. That breadth generates a rich set of omnichannel fulfillment data to fuel AI capabilities for warehouse operators and their customers alike. Extensiv’s AI capabilities enable users to quickly access insights, improve decision-making and reduce manual effort.
"3PLs are under constant pressure to fulfill faster, scale flexibly, and support the evolving needs of modern brands," said Mikel Richardson, GM, Ecommerce Operations at Descartes. "Descartes has long been a trusted technology provider for 3PLs. Extensiv strengthens that position by adding more participants, more contextually rich operational data and fulfillment intelligence to the Descartes Global Logistics Network.”
“We're excited to welcome Extensiv’s customers, partners, and employees,” said Scott Sangster, GM, Logistics Services Providers at Descartes. “The combination of Extensiv with Descartes' transportation, connectivity, visibility, trade intelligence, customs compliance, and last mile delivery solutions, enables logistics service providers to expand their offerings and scale operations with a single technology provider versus a patchwork of vendors.”
Extensiv is headquartered in California. Descartes acquired Extensiv for approximately US $120 million, satisfied from cash on hand. This further investment into solutions for the logistics services provider community follows Descartes' announced acquisition of Tai on August 24, 2026, a business that provides AI-powered transportation management solutions for freight brokers.
About Descartes
Descartes powers more responsive, efficient, secure and sustainable international and domestic supply chains by uniting logistics-intensive businesses on its Global Logistics Network (GLN). Shippers, carriers, and logistics service providers connect and collaborate on the GLN leveraging technology, data and AI to manage last mile deliveries, domestic and international shipments, transportation rating and payment, global trade research, customs compliance and a variety of regulatory processes. Learn more about Descartes at www.descartes.com and connect with us on LinkedIn and X.
This release contains forward-looking information within the meaning of applicable securities laws ("forward-looking statements") that relate to Descartes' acquisition of Extensiv and its solution offerings; the integration of the Extensiv business and solutions with Descartes' operations and offerings, the potential to provide customers with warehouse management and fulfillment solutions; other potential benefits derived from the acquisition and Extensiv’s solution offerings; 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 expected future performance of the Extensiv business based on its historical and projected performance, the successful integration of the acquired business, the retention of customers and employees, realization of anticipated synergies and benefits, as well as 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 regulatory authorities across Canada including Descartes’ most recently filed annual and interim management's discussion and analysis which are available under Descartes’ profile through the EDGAR website at http://www.sec.gov or through the SEDAR+ website at http://www.sedarplus.com/. If any such risks actually occur, they could, among other consequences, 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.
