Rising fuel, labor and operating costs are putting added pressure on distributor margins. This article explores how AI-powered route optimization can help distributors cut unnecessary fleet miles, improve delivery efficiency and reduce costs — without sacrificing the reliable service customers expect.
Latest In Descartes Systems
The acquisition extends Descartes' warehouse and inventory management capabilities while deepening its reach into the 3PL and eCommerce fulfillment market.
Compared with 2022, TEU volume was down 16.1% in June, but up 6.0% from pre-pandemic June 2019, according to Descartes.
Fiscal 2023 4Q revenue was $125.1 million, up 11% from $112.4 million in fiscal 4Q 2022, the company said.
Descartes acquired GroundCloud for up-front consideration of approximately $138 million, satisfied with cash on hand.
Descartes' purchase includes potential performance-based consideration.
'XPS complements our significant recent investments in the e-commerce fulfillment and shipping space,” Descartes’ CEO says.