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DSG Diamond S Shipping Group, Inc.

109.87
0.00 (0.00%)
Pre Market
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Diamond S Shipping Group, Inc. NYSE:DSG NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 109.87 0 00:00:00

CDM Software Adopts Descartes' Global Logistics Network(TM) to Offer Comprehensive Air Cargo Connectivity and Messaging Servi...

12/02/2015 11:45am

GlobeNewswire Inc.


Diamond S Shipping Group, Inc. (NYSE:DSG)
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Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that CDM Software Solutions, a provider of cloud-based operations and asset tracking software for freight forwarders, export packers, exporters and other logistics services providers, is using Descartes' Global Logistics Network (GLN) to provide its customers comprehensive air cargo connectivity and messaging services.

"The ability to electronically exchange air waybills, house bills and status messages enables our customers to further automate and streamline processes, meet expanding carrier electronic communications requirements, increase visibility and improve performance. Customers benefit from simple and fast activation on Descartes' GLN from CDM Software Solutions' e-Commerce friendly software platform," said Darrell Ortiz, CEO and founder of CDM. "Descartes' GLN also provides our users with connectivity to air carriers around the globe to help them meet IATA's electronic air waybill (e-AWB) initiative. Developed in collaboration with stakeholders across the air cargo industry, e-AWB aims to eliminate the majority of paper-based air waybills by 2016."

Descartes' GLN is an industry leading solution for multimodal, inter-enterprise electronic data exchange. CDM is able to seamlessly connect its customers to the GLN and offer them value-added services to:

  • standardize and automate air cargo and freight management operations;
  • provide real-time shipment status monitoring;
  • improve service by transmitting accurate and timely tracking updates to customers;
  • meet global trade requirements;
  • reduce transportation costs by minimizing carrier charges for security and documentation services; and
  • participate in key air cargo industry initiatives, including eFreight and Cargo2000.

"We're pleased to partner with technology providers, like CDM Software, to augment their air cargo connectivity capabilities to better serve customers," said Scott Sangster, Vice President, Global Logistics Network at Descartes. "Today, the electronic movement of data between logistics parties can be as important as the physical movement of cargo itself. Using air cargo connectivity solutions, such as the GLN, enables more reliable planning and delivery of air cargo."

About CDM Software Solutions

CDM Software Solutions, Inc. was founded in 1988 to provide fast, efficient, user friendly software products, services and support for the international trade community, specifically freight forwarding, NVOCC, export packers, importers and exporters. CDM Software Solutions, Inc. is an U.S. Customs CERTIFIED Software Application Provider and IBM Business Partner, Descartes, Inttra and GT Nexus Partner that thrives to provide the most comprehensive and efficient cloud based software solutions to the international trade community. CDM Software Solutions, Inc. provides software solutions for Air Freight (Import, Export and Domestic), Air Freight Consolidation, Ocean Freight (Import and Export), Ocean Freight Consolidation, Truck/Inland Freight, Rail Freight, Export Packing, Global Asset Tracking with GPS, Logistics and Customer and Carrier e-Commerce (EDI/XML).

CDM Software Solutions' Global Compliance Module provides a comprehensive, cloud-based certified software solution for shipments departing and arriving to the United States, European Union, Canada, Japan, Singapore and China. CDM Software Solutions, Inc. is headquartered in Houston, Texas with sales offices in Chicago, Hong Kong and Singapore. Learn more at www.cdmsoft.com.

About Descartes

Descartes (TSX:DSG) (Nasdaq:DSGX) 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. Descartes has over 200,000 connected parties using its cloud based services. 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.

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; 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 purpose 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.

CONTACT: Global Media Contact
         Mavi Silveira
         Tel: +1(800) 419-8495 ext. 202416
         msilveira@descartes.com

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