Descartes Systems (DSGX) announced that it has acquired 3GTMS, a leading provider of transportation management solutions. “3G’s solution footprint for freight in North America is highly complementary, bringing strong domestic transportation management functionality for truckload, less-than-truckload, and parcel modes,” said Andrew Roszko, Chief Commercial Officer at Descartes. “The acquisition also expands our carrier reach in North America, including the addition of a network of API-integrated LTL carriers. When combined with Descartes’ existing transportation management tools and our Global Logistics Network, we see a tremendous opportunity to deliver even more value to our combined customer base.”
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DSGX:
- Descartes Systems management to meet with Stephens
- Descartes Study: Trade Compliance as a Competitive Edge for High-Growth Companies
- Descartes Systems price target lowered to $113 from $120 at BMO Capital
- Descartes Systems price target lowered to $130 from $133 at RBC Capital
- Cautious Outlook for The Descartes Systems Group Amid Mixed Signals and Macroeconomic Challenges
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue