Descartes MacroPoint™ and McLeod PowerBroker® Help Freight Brokers Unlock Capacity and Cover More Loads
ATLANTA, Georgia, December 8, 2021 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq: DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that the Descartes MacroPoint™ Capacity Network of over 280,000 carriers is directly accessible from the McLeod Software PowerBroker® transportation management system (TMS) to help freight brokers and third party logistics (3PL) providers source capacity and cover more loads.
The Descartes MacroPoint Capacity Network allows brokers to access over 280,000 carriers and their assets on more than 1 million truckload transportation lanes in North America. By using machine learning to match potential carriers in near real-time to open loads, the solution helps brokers to better rank carrier matches. Brokers can send load offers to carriers either manually or automatically via configurable business rules that can incorporate considerations such as market indicators, pricing and company preference notifications. Through this use of intelligent automation, brokers have achieved on average 15 times more loads matched than processed manually.
“Our shared goal is to help brokers find more capacity to cover loads in these challenging times,” said Robert Brothers, Vice President of Product Development at McLeod Software. “McLeod Software is pleased to work with Descartes to make its extensive network available to our PowerBroker customers to simplify the process of finding more coverage for their freight.”
PowerBroker is a fully integrated freight brokerage operations management system and complete accounting software solution for 3PLs and freight brokers. The integration with the Descartes MacroPoint Capacity Network helps PowerBroker users save a significant amount of time with the ability to easily post loads, access capacity from Descartes’ large network of carriers, vet carriers, and have their loads covered directly within the McLeod platform. Using the combined solution, brokerages can eliminate outbound calling, email blasts and manually posting freight to load boards, which can result in inefficient negotiations and a time-consuming booking process.
“The combination of these solutions gives brokerages and 3PLs a new and more effective way to find trucks and cover loads,” said Dan Cicerchi, General Manager, Transportation Management at Descartes. “The ability to use a single application to significantly extend carrier networks helps organizations elevate their carrier outreach and sales processes.”
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, and connect with us on LinkedIn and Twitter.
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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' solution offering and potential benefits derived therefrom including estimated numbers of accessible carriers and predicted benefits and efficiency gains from automation; 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.