Descartes Acquires BestTransport

Strengthens Transportation Management Footprint

WATERLOO, Ontario, Aug. 21, 2019 (GLOBE NEWSWIRE) — Descartes Systems Group (TSX:DSG) (Nasdaq:DSGX), the global leader in uniting logistics-intensive businesses in commerce, announced that it has acquired BestTransport.com, Inc. (BestTransport), a cloud-based transportation management system (TMS) provider focused on flatbed-intensive manufacturers and distributors.
BestTransport has been connecting shippers and carriers to streamline transportation processes for more than 15 years. Shipper and carrier customers leverage BestTransport’s platform to more efficiently manage numerous shipments each year across North America and Europe. The company offers a full TMS suite of solutions from contract rate management through to load building, shipment execution and freight payment, with extensive capabilities for flatbed transportation moves.
“Moving goods in the flatbed market requires domain expertise and special equipment, and the associated transportation management processes have some unique characteristics,” said Andrew Roszko, EVP of Global Sales at Descartes. “BestTransport has built a great business by creating a platform that addresses these unique characteristics with solutions available for both shippers and carriers.”

“BestTransport, like Descartes, sees the value in creating a common platform for multiple constituents to collaborate and manage the lifecycle of shipments,” said Edward J. Ryan, Descartes’ CEO. “By combining BestTransport’s platform with our Global Logistics Network, we can offer additional solutions to the community, such as Descartes MacroPoint Visibility and Capacity Matching. We welcome the BestTransport team of domain experts and community of customers to Descartes.”
BestTransport is headquartered in Columbus, OH. Descartes acquired BestTransport for $US 11.2 million, net of working capital, satisfied from Descartes’ existing line of credit.
About Descartes Systems Group

Descartes (Nasdaq:DSGX) (TSX:DSG) is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, performance and security of logistics-intensive businesses. Customers use our modular, software-as-a-service solutions to route, schedule, track and measure 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.

Global Media Contact
Mavi Silveira
Tel: +1(800) 419-8495 ext. 202416
msilveira@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’ acquisition of BestTransport and its solution offerings; the potential to provide customers with improved access to manage the lifecycle of all shipments, and other potential benefits derived from the acquisition and BestTransport’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, risks related to integration of BestTransport’s technology platform, including assumption of any IT security risk; operational risk of BestTransport’s business, including failure of internal controls; retention of key personnel of BestTransport; competitive threats to BestTransport’s business, including threat of new entrants; risk of negative response to the proposed transaction by Descartes’ business partners; failure to integrate BestTransport’s business on a timely basis or basis that achieves anticipated synergies or fails to maintain the value of its business; and other risks, 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.

BestTransport links with Blockchain in Transport Alliance

BestTransport links with Blockchain in Transport Alliance

WORTHINGTON, Ohio (Dec. 20, 2017) – BestTransport.com today announced it has joined the Blockchain in Transport Alliance (BiTA), a forum for the development of blockchain technology standards and education for the freight industry.

BestTransport sees the need to create industry standards and protocols to enable blockchain platforms to operate together with established technologies such as BestTransport’s transportation management solutions, or TMS.

For some time, BestTransport has seen the need for closer collaboration between shippers, carriers and intercompany relationships. The company believes blockchain standards will promote and elevate shipper-carrier working partnerships to the benefit of all stakeholders, including domestic and global trade and finance.

“Blockchain has multiple applications in the transportation and logistics industry, especially as related to freight and equipment visibility, insurance, payments, audits including truckload, LTL and parcel freight,” said Scott Cummans, CEO of BestTransport. “The technology has the potential to increase transparency and efficiency and lower overall cost across the entire supply chain from raw material providers to the end consumer.”

BestTransport continues to invest in both software technologies and people to build Solutions Beyond Software and views blockchain as a truly disruptive technology that can change many facets of the domestic and global transportation and logistics industry, including finance.

BestTransport is particularly interested in exploring blockchain applications in its TMS truckload and LTL business. For nearly 20 years, a key BestTransport objective has been developing a strategy to digitize transactions. Blockchain technology would help by improving transaction accuracy and replacing existing paper-heavy and manual processes that exist outside of a TMS solution. This will benefit all parties involved in the transactions and be done in a highly secure environment, and it would generate valuable efficiencies for all stakeholders along the supply chain.

BestTransport’s goal is to leverage blockchain technology to facilitate execution and visibility of trusted transactions between BestTransport’s shipper clients, the shipper’s customers and carriers, facilitating the movement of freight along the supply chain. Blockchain, a digital database using blocks linked and secured by cryptography, can be used to keep record of information and assets. This includes physical assets, such as freight, and transportation equipment, or virtual assets, such as digital currencies.

About BestTransport

BestTransport (www.besttransport.com) is a leading provider of cloud-based Transportation Management Solutions (TMS), and Transportation and Logistics consulting services which enable manufacturers, distributors, suppliers and carriers to efficiently plan, execute and manage all aspects of their operations. BestTransport’s TMS reduces a company’s overall transportation spending, enables tighter cost management, provides enhanced shipment visibility and benchmarking, and it facilitates collaboration between shippers and carriers. More than $1.5 billion in annual freight spending is moved through BestTransport to and from thousands of domestic and international locations.

About Blockchain in Transport Alliance

Founded in August 2017, the Blockchain in Transport Alliance (BiTA) is a forum for promotion, education and encouragement to develop and adopt blockchain applications in the trucking, transportation, and logistics industry. BiTA’s goal is for members to participate, discuss, create and adopt industry standard uses of blockchain applications and to provide clarity and direction for the development of blockchain technology in the transportation industry in a manner that will create efficiency, transparency and foster trust. BiTA standards are intended to create a common framework to help organizations develop and adopt blockchain technology. For more information, visit www.bita.studio.

Hurricane Harvey Response Efforts

The people at American Logistics Aid Network, ALAN for short, continue to respond to Texas in the aftermath of Hurricane Harvey.  They have had many requests for transportation and warehouse space and are updating their needs map continually. Please contact them if you can cover any of these needs. Please note that they are seeking pro bono / donated / volunteer offers only at this time.  All offers (donated and for fee) should be submitted on their web form.

Information resources including emergency declarations, road and facility closures, and more can be accessed here.  They have added a section for employee resources.  If you need assistance or information on any of these items, please contact them, and they will work with their emergency management partners to get you an answer.  A coordination call will be scheduled later in the week as the situation is still emerging.

Just as a reminder donate and volunteer responsibly.  Cash donations to reputable non-profit organizations will allow them to purchase needed items which will help get the local economy back up and running.

The people of ALAN would like to thank you for your continuing support.  They are putting together all offers and will have them on their logistics map here.  Advanced services can be offered via the map, email or by phone.

Contact information:

Kathy Fulton
Executive Director
American Logistics Aid Network (ALAN)
Office: 863.668.4238
Mobile: 863.559.6188
E-Mail: Kathy@ALANaid.org

 

Hurricane Harvey Strengthens as Refinery Risk Lifts Gasoline

Hurricane Harvey strengthened as it headed toward landfall in Texas, forecast to become the worst storm to strike the region in more than a decade. The price of gasoline rallied as the storm threatened to wreak havoc on the heart of America’s energy sector.

BestTransport is seeing a demand for its Corporate Services

BestTransport (www.besttransport.com) is seeing a demand for its Corporate Services Group’s Solutions Beyond Software services that has been greater than company executives were expecting.
“We’ve seen a lot of activity and we’ve got a number of projects underway,” Corporate Services Group President Reo B. Hatfield says. “These projects include both current BestTransport BestShippers users as well as new clients who have been seeking a technology solution tied with managed services.”
Hatfield cites two projects in particular that Corporate Services is bringing on stream and noted the companies’ needs were “on opposite ends of the spectrum.” The first, a BestShippers TMS user will be undergoing a modal shift on some long-distance lanes and cross-border traffic that will see it save as much as 18 percent.
“They had used intermodal services in the past but had gotten away from it and had gone direct truck in these lanes. As we reviewed the data, we saw they had an opportunity to not only make the mode switch but to go direct to asset-based providers, says Hatfield. “The savings results for them for the remainder of the year are going to be phenomenal.”
The second project is with a new BestTransport client for which the company will be implementing an optimization of the client’s LTL network so that the proper carrier is utilized in their strongest lanes. That project, while still ongoing, is anticipated generate cost savings in a range of 5-10 percent.
“The intellect we have in Corporate Services will help our clients immeasurably,” Hatfield note. “Our clients have access at their fingertips to truckload, LTL, intermodal, warehousing & distribution expertise that they more often than not did not have before we established the Group last year.”
Indeed, a number of current clients have reached out to the company since announcement was made of the formation of the Group and initial assessments are underway to determine savings and efficiency potentials.
Prior to the announcement, many BestTransport clients did not know the company had been providing those types of services although they had never been formally branded. In fact, for more than 10 years, BestTransport has provided to one of its long-time clients a staff who handle inbound exception management loads. And for another of its clients, the company provides carrier sourcing and negotiations, exception management and claims management among other services that are in addition to its class-leading TMS.
“These are the types of things we have done for years – services that have set BestTransport apart in the marketplace,” says BestTransport Co-Founder Vince Ciroli. “We were one of the first technology companies to provide staffing as well as a 3PL-type solution with our TMS-Plus Program. And with the variety of transportation and logistics experience we have within the organization, we thought it might be best to make sure all of our clients know the capabilities that are available to them.”
The Group’s services go beyond carrier sourcing and negotiations, however. For example, BestTransport recently completed an efficiency study of one client’s shipping area. “We’ve already completed a Freight Friendly Initiative study for one of our current clients, where we made some recommendations for improvement where possible,” Hatfield says. “The result will be this client will see a number of soft efficiencies in their shipping process, which ultimately should translate into some hard cost savings.”
The Freight Friendly Initiative, known as BestFFI, is an on-site review with shipper personnel of the shipping/receiving areas as well as an examination of the departments “through the driver’s eyes,” which examines the “friendliness” of the facility and its personnel from a driver’s perspective. The objective of BestFFI is to make recommendations on improving any deficiencies within a shipping or receiving department that may result in an increased rate structure from a carrier.
“There are times,” Hatfield notes, “when carriers will have to increase their rates to a shipper because drivers don’t want to go there for whatever reason. And the shipper may not even know that. Our goal is to help identify those potential problem areas and help our clients improve them and other issues we may see.”
To learn more about BestFFI, carrier optimization, or any of the other services the Group is offering, contact Reo Hatfield, rbhatfield@besttransport.com or by phone, 574-480-2109; Pat Ryan, pryan@besttransport.com; 574-292-0765;or Pete Scolieri, pscolieri@besttransport.com; 412-559-0555.

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