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The Descartes Systems Group Inc. DSGX recently announced that Giltner Logistics will use Descartes Aljex transportation management system (TMS), which is integrated with Upwell’s advanced accounts receivable (AR) technology to improve its AR process, speeding up payments and managing cash flow. Giltner is a major asset-backed third-party logistics provider (3PL).
The cloud-based Descartes Aljex TMS is a scalable solution that helps freight brokers of all sizes boost productivity, earnings and customer service. Freight brokers and third-party logistics companies can accelerate their cash cycle by utilizing the integration between Descartes Aljex with Upwell's automated AR solution. Faster payments are made possible by reducing the time spent on manual invoicing and collections.
The Descartes Systems Group Inc. Price and Consensus
The Descartes Systems Group Inc. price-consensus-chart | The Descartes Systems Group Inc. Quote
Descartes highlighted that timely customer payments are essential for preserving liquidity and enhancing sustainable growth. The company’s advanced technology platform, combined with a comprehensive partner ecosystem, allows freight brokers and 3PLs to simplify financial management, protect profit margins and boost profitability by reducing administrative complexities and streamlining workflows.
Robust TMS Adoption Bodes Well for DSGX
Descartes is witnessing strong growth for its TMS solution. In December 2024, the company deepened its partnership with Europe-based IDS to streamline operations, save costs and bolster customer experience. IDS, which has expertise in non-asset transport management and fourth-party logistics, is leveraging Descartes’ premium TMS to deliver value to shippers and carriers while meeting the demands of modern supply chain management and compliance.
As the logistics landscape continues to evolve, solutions like Descartes’ TMS are likely to play a pivotal role in driving efficiency, sustainability and growth for businesses worldwide. In August 2024, Nynas AB adopted the TMS software to automate communications across the customer order lifecycle. It improves coordination with carriers, freight forwarders, customs agents, independent inspectors and Nynas’ primary storage hub. Additionally, it supports the efficient handling of diverse shipments across Europe, where the company primarily operates.
In the last reported quarter, the company’s revenues increased 17% year over year to $168.8 million, beating the Zacks Consensus Estimate by 3.5%. DSGX recorded 10% organic growth in the fiscal third quarter and expanded its solution portfolio with five acquisitions in 2024, including MCP and Sellercloud. GroundCloud added $3.5 million in low-margin revenues by providing AI cameras after a FedEx contractor mandate.