HAMBURG, Germany and ATLANTA, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Descartes
Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-
intensive businesses in commerce, announced that Hapag-Lloyd spot rate offers
and 30-day short-term rates are now available in the Descartes Global Price
Management(TM) (GPM) solution. Dachser, a top 25 global forwarder, is streamlining
ocean shipment booking processes by using the integrated solution to search and
retrieve Hapag-Lloyd rates in real-time.
"Given the speed of rate changes today, it's important to have quick access to
spot rates that are up-to-date and reflect current market conditions," said Lars
Bostelmann, Business Administration & Development Manager at Dachser. "The
ability to access Hapag-Lloyd's spot products directly in the Descartes GPM
platform to quote and compare ocean freight gives us a more comprehensive list
of current shipping options from a centralized location, making our shipment
transactions even more simple, efficient and accurate."
The Descartes GPM solution helps freight forwarders elevate the customer
experience, reduce operational stress, and maximize shipment margins by
automating some of the most labor-intensive aspects of their business-rate
management, quoting, capacity allocation management, detention and demurrage. It
takes routing, price, capacity and schedule information into account to provide
customers and sales teams with comprehensive pricing and service
recommendations, which delivers enhanced clarity, productivity and value to the
complicated process of managing multi-modal logistics costs and surcharges. With
application program interface (API)-based connectivity to Hapag-Lloyd Quick
Quote and Quick Quote Spot products, Descartes GPM now provides customers with
24/7 access to search and secure competitive rates for short-term volume.
"Unlocking the potential of real-time information is at the foundation of
digital transformation for the freight industry," said Arne Zass, Director
Digital Transformation & Automation Global Sales at Hapag-Lloyd. "Our Quick
Quote products facilitate this evolution by allowing companies, like Descartes,
to more easily connect their software systems to exchange data seamlessly with
Hapag-Lloyd as part of a fully digital quote and book workflow."
"We're pleased that Dachser is using this innovation successfully across its
global sea freight operations to respond effectively and accurately to customer
quote requests," said Henning Voss, VP Product Management at Descartes. "Freight
forwarders and beneficial cargo owners want more options when quoting and
booking freight. By expanding our spot rate solution capabilities with Hapag-
Lloyd customers can better manage the incredibly complex process of capturing,
organizing and presenting real-time rates to shippers and sales teams."
About Dachser
Dachser, a family-owned company headquartered in Kempten, Germany, provides
transport logistics, warehousing, and customized services in two business
fields: Dachser Air & Sea Logistics and Dachser Road Logistics. The latter
consists of two business lines: Dachser European Logistics and Dachser Food
Logistics. Comprehensive contract logistics services and industry-specific
solutions round out the company's range. A seamless shipping network-both in
Europe and overseas-and fully integrated IT systems ensure intelligent logistics
solutions worldwide. For more information, visit www.dachser.com
(http://www.dachser.com).
About Descartes
Descartes (Nasdaq:DSGX) (TSX:DSG) is the global leader in providing on-demand,
software-as-a-service solutions focused on improving the productivity, security
and sustainability of logistics-intensive businesses. Customers use our modular,
software-as-a-service solutions to route, track and help improve the safety,
performance and compliance of delivery resources; plan, allocate and execute
shipments; rate, audit and pay transportation invoices; access global trade
data; file customs and security documents for imports and exports; and complete
numerous other logistics processes by participating in the world's largest,
collaborative multimodal logistics community. Our headquarters are in Waterloo,
Ontario, Canada and we have offices and partners around the world. Learn more
at www.descartes.com (http://www.descartes.com/), and connect with us
on LinkedIn (https://www.linkedin.com/company/descartes-systems-
group) and Twitter (https://twitter.com/descartessg).
Global Media Contact
Cara Strohack
Tel: +1(800) 419-8495 ext. 202025
cstrohack@descartes.com (mailto:cstrohack@descartes.com)
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' rate 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 commissions across Canada including Descartes' most recently filed
management's discussion and analysis. 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.
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