Skypace Enhances Speed and Accuracy of Freight Bookings with Descartes Rate Management Solution
Rhea-AI Summary
Descartes Systems Group (Nasdaq:DSGX) announced that international freight forwarder Skypace is implementing the Descartes Global Price Management™ (GPM) solution to enhance its quote-to-book platform. The integration has delivered significant improvements:
- Rate processing times reduced by 85%, with updates completed in under 48 hours
- Achieved 99% pricing accuracy in customer quotes
- 5% increase in surcharge accuracy across 16 million rates
- Capability to process over 20,000 freight quotes per hour
The solution streamlines rate management, quoting, and surcharge calculations, transforming traditional hours-long processes into seconds through real-time rate visibility and automation. This digital transformation aims to improve customer satisfaction and operational efficiency in freight forwarding operations.
Positive
- 85% reduction in rate processing time
- 99% pricing accuracy achievement
- 5% improvement in surcharge accuracy across 16M rates
- Processing capacity of 20,000+ freight quotes per hour
- Digital transformation of hours-long processes into seconds
Negative
- None.
News Market Reaction – DSGX
In the trading session that priced this news, DSGX gained 0.59%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
ATLANTA, March 31, 2025 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that international freight forwarder Skypace is using the Descartes Global Price Management™ (GPM) solution to populate its self-service quote-to-book platform with accurate shipping rates and provide a digital-first experience for its growing customer base.
“As the momentum for digitization accelerates, customer demand for on-demand rating and booking continues to grow,” said Vlad Nikalayeu, Chief Executive Officer at Skypace. “By integrating Descartes GPM into our pricing ecosystem, we’ve cut rate processing times by
The Descartes GPM solution helps freight forwarders streamline rate management, quoting, and surcharge calculations while increasing operational efficiency. By leveraging Descartes’ advanced rate management capabilities, Skypace is optimizing pricing workflows and delivering a seamless quoting experience for shipper customers worldwide. The combined solution enables rapid processing of over 20,000 freight quotes per hour, significantly reducing the time it takes to generate and confirm rates. With a fully digital and automated approach, Skypace provides real-time rate visibility, transforming a process that traditionally took hours or days into a matter of seconds.
“We’re pleased our solution is helping to drive tangible operational benefits for Skypace and its customers,” said Scott Sangster, General Manager, Logistics Services Providers at Descartes. “Digitization continues to be a fundamental initiative for freight forwarders and our technology helps these organizations simplify the complex process of presenting accurate rates in real-time to more effectively manage the end-to-end transportation of freight.”
About Skypace
Skypace is a global freight forwarder and logistics service provider for U.S. shippers and freight forwarders. The company’s goal is to accelerate global trade logistics with an innovative product accessible to the broadest range of industries worldwide. Skypace aims to enhance the behavior of supply chain logistics participants within an adaptive framework, architected by supply chain, transportation, and technology experts. The company features digital platform with a fast operating cycle for ocean freight transportation from door-to-door. The platform enables planning, pricing, freight, and documentation management, and financing services for cargo shippers. From booking to delivery, Skypace ensures a seamless freight forwarding process every step of the way. Learn more at www.skypace.com.
About Descartes
Descartes (Nasdaq:DSGX) (TSX:DSG) 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 our 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. 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.
Global Media Contact
Cara Strohack
Tel: 226-750-8050
cstrohack@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’ broker and forwarder enterprise solution offerings and potential benefits derived therefrom; 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.
