Descartes' Network For Logistics Continues To Gain Market Momentum.Business Editors WATERLOO, Ontario--(BUSINESS WIRE)--June 5, 2002 20 Percent Increase in Connected Companies Over Six Months The Descartes Systems Group Inc., (Nasdaq:DSGX DSGX Dynamic Sound Generator Xtra (Sony) DSGX Dynamic Sound Generator Extra ), (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :DSG DSG Direct Shift Gearbox (Audi) DSG Dosage DSG Deputy Secretary General DSG Dressing DSG Designate DSG Desmoglein DSG Duke Student Government (Duke University) ), a trusted provider of logistics solutions, today announced that momentum continues to build for Descartes' Network-Based Logistics solutions. Over the past six months, the Company has increased the number of connected companies using the Descartes Global Logistics Services Network(TM) (GLSN) by 20 percent to over 6,000 companies worldwide. This increase represents a growing cross-selling opportunity for the Company. The GLSN connects some of the world's most successful companies including 40 percent of the Fortune 200, 40 percent of the Global 100, 85 of the top 100 less-than-truckload carriers, 20 of the top 25 ocean carriers, 13 of the top 15 third-party logistics A third-party logistics provider (abbreviated 3PL) is a firm that provides outsourced or "third party" logistics services to companies for part, or sometimes all of their supply chain management function. providers and all of the top 15 air cargo carriers Air Cargo Carriers is a cargo airline based in Milwaukee, Wisconsin, USA. It was established in 1986 and operates feeder cargo services for major express carriers in Canada, the Caribbean and the USA. Air Cargo Carriers, Inc. . The Company sells Logistics Connectivity as a stand-alone product through the GLSN or as an enabler of Network-Based Applications including Descartes Multimodal Two or more modes of operation. The term is used to refer to a myriad of functions and conditions in which two or more different methods, processes or forms of delivery are used. On the Web, it refers to asking for something one way and receiving the answer another; for example requesting Transportation Management(TM), Descartes Global Visibility and Inventory Control(TM), and Descartes Carrier Contract and Shipment Management(TM). "We are pleased with the continued momentum in our network business. This is based on the trust that customers place in Descartes due to our market leadership position in Logistics Connectivity," said Manuel Pietra, co-chief executive officer and president of Descartes Systems Group. "Logistics Connectivity remains a large growth area for the Company and will help fuel future growth in Descartes' Network-Based Applications." Pietra continued, "With a broad portfolio of network offerings, customers can choose the mix of products that best fit their business requirements. While usage will vary based on product mix, seasonality and freight volumes globally, the growth in the business demonstrates both customers' need for the service and the value of Descartes' solutions." Descartes' Network-Based Logistics solutions are typically sold on a subscription and transaction-based pricing model. Customers pay a fixed monthly subscription and are billed for the number of transactions they process with their trading partners on the GLSN. The fee structure for transactions is based according to the type of service or application being used, as well as level of complexity involved and the volume of transactions being processed. "Pricing is tailored for the individual customer need and cannot be determined by dividing Network-related revenues by the number of transactions processed in a given period," added Pietra. Companies and their network of trading partners generate transactions over the GLSN using Descartes' Network-Based Logistics solutions, which include Logistics Connectivity and Network-Based Applications. With Logistics Connectivity, trading partners communicate over the GLSN across geographies regardless of individual business practices or technology applications. Logistics Connectivity provides logistics-related document movement and status including advanced shipment notices (ASN (1) (Autonomous System Number) A unique identifier of an autonomous system on the Internet. Of the 65 thousand ASNs available, more than 30 thousand have been assigned to ISPs and NSPs. ISPs usually have only one ASN, but NSPs may have more than one. ), purchase order status messages (POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale ), sales orders, and proof-of-delivery (PODs). Connected companies communicate through a variety of protocols including extensible-mark-up language (XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. ), EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. (Electronic Data Interchange See EDI. (application, communications) electronic data interchange - (EDI) The exchange of standardised document forms between computer systems for business use. EDI is part of electronic commerce. ), Webforms and by the Descartes Fax-to-EDI service. About Descartes The Descartes Systems Group Inc. (Nasdaq:DSGX) (TSX:DSG) is a trusted provider of logistics management technology. In over 60 countries Descartes' leading logistics solutions drive operational efficiency, enhance customer responsiveness and improve precision in purchasing for global organizations. For more information, visit www.descartes.com. All registered and unregistered trademarks mentioned in this release are the property of their respective owners. This release contains statements that relate to Descartes' product and service functionality and performance, potential benefits derived therefrom and Descartes' competitive position and other matters that may constitute forward-looking statements that involve risks and uncertainties. Descartes' actual results may differ from the results discussed in the forward-looking statements as a result of factors discussed in the section entitled, "Risk Factors" in documents filed with the Securities and Exchange Commission, the Ontario Securities Commission The Ontario Securities Commission (OSC) is a regulatory agency which administers and enforces securities legislation in the Canadian province of Ontario. The OSC is an Ontario Crown corporation which reports to the Ontario legislature through the Minister of Finance. and other securities commissions across Canada. |
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