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Descartes Systems Group Inc (The)
Symbol DSG
Shares Issued 85,032,600
Close 2023-11-24 C$ 110.51
Market Cap C$ 9,396,952,626
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Descartes adds Hapag-Lloyd rates to GPM software

2023-11-27 10:31 ET - News Release

Mr. Henning Voss reports

DACHSER STREAMLINES OCEAN SHIPMENT BOOKING WITH INTEGRATION BETWEEN HAPAG-LLOYD SPOT RATES AND DESCARTES RATE MANAGEMENT SOLUTION

Hapag-Lloyd spot rate offers and 30-day short-term rates are now available in The Descartes Systems Group Inc.'s Descartes Global Price Management (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 and 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 labour-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 deliver enhanced clarity, productivity and value to the complicated process of managing multimodal logistics costs and surcharges. With API-based (application program interface) connectivity to Hapag-Lloyd Quick Quote and Quick Quote Spot products, Descartes GPM now provides customers with 24-hour-a-day/seven-day-a-week 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 and 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, vice-president, 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 The Descartes Systems Group Inc.

Descartes 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 the company's 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. The company's headquarters are in Waterloo, Ont., Canada, and the company has offices and partners around the world.

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