Descartes acquires US-based MacroPoint electronic transport network

MacroPoint Descartes

Descartes Systems Group has acquired MacroPoint, LLC, an electronic transportation network for USD 107 million, providing location-based truck tracking and predictive freight capacity data content driven by the need for real-time, track and trace by the burgeoning e-commerce sector.

“Consumers expect to see the location and progress of shipments from the point of order to delivery,” said Ken Wood, EVP of Product Management at Descartes. “With leading e-commerce retailers and other shippers demanding that their transportation providers provide real-time location-based information, the business-to-business market now has the same expectation of full visibility into transportation moves. To meet this expectation, MacroPoint has established what we believe is the preeminent network of connected vehicles and location-based content in North America.”

US-based MacroPoint runs a connected network of over two million trucking assets and drivers. MacroPoint connects to trucks through integrations to onboard electronic logging devices (ELDs), transportation management systems, GPS-enabled smart phone applications and location-based mobile phone triangulation. MacroPoint uses this data to help transportation brokers, logistics service providers and shippers track the locations of deliveries in trucks. MacroPoint can also use this content to provide transportation brokers and shippers with predictive freight capacity to help identify early opportunities for additional freight moves.

“MacroPoint is the market leader for truckload shipment visibility,” said Bennett Adelson, CEO of MacroPoint. “We believe that the combination of Descartes’ Global Logistics Network with our cloud-based, real-time load visibility platform creates a truly differentiated offering that helps customers research, plan, execute and monitor multi-modal shipments around the world.”

“Descartes has a successful history of electronically connecting transportation providers to transportation brokers, logistics intermediaries and shippers to share data, automate processes, and run more efficiently,” said Edward J. Ryan, Descartes’ CEO. “With this experience, we appreciate the unique value of a network-based business focused on the transportation industry with a track record of high revenue growth, high recurring revenues and profitability. We’re excited to have MacroPoint join the Global Logistics Network so that we can jointly deliver even more value to the logistics and supply chain community.”

Descartes made the USD 107 million purchase through $87 million in cash and $20 million in shares.

Summary
Descartes acquires US-based MacroPoint electronic transport network
Article Name
Descartes acquires US-based MacroPoint electronic transport network
Description
Descartes Systems Group has acquired MacroPoint, LLC, an electronic transportation network for USD 107 million, providing location-based truck tracking and predictive freight capacity data content driven by the need for real-time, track and trace by the burgeoning e-commerce sector.
Author
AsiaCargoBuzz.com
AsiaCargoBuzz.com
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