WATERLOO, Ontario, April 2, 2009 (GLOBE NEWSWIRE) -- Descartes Systems Group (TSX:DSG) (Nasdaq:DSGX), a global on-demand software-as-a-service (SaaS) logistics solutions provider, announced that MOL Logistics, a leading global freight forwarder, has selected Descartes' Global Logistics Network (GLN) to help it comply with the United States Customs and Border Protection's (CBP) new Importer Security Filing (ISF) "10+2" initiative.
On November 25, 2008, CBP released its interim final rule on ISF, also known as the "10+2" rule. This security measure is often referred to as "10+2" because, for ocean shipments inbound to the United States, the regulation requires the collection of 10 new data elements from importers or their agents and 2 message sets from the ocean carriers. CBP's goal is to have these data elements submitted 24 hours prior to vessel departure and the two new message sets from ocean carriers within 48 hours of vessel departure, however, CBP has allowed for some flexibility in this timing and submission of the data elements.
The Descartes ISF service helps organizations manage an ever-increasing amount of legally required containerized shipment information in a small window of time. It helps shippers, carriers, intermediaries and customs brokers ensure compliance with CBP ISF programs by leveraging an organization's existing technology and data sources with a single point of contact for data connectivity.
"Our customers expect us to support new customs filing regulations and simplify the shipment process for them," said Scott Larson, Corporate Compliance Manager of MOL Logistics. "As a leader in global customs filing, Descartes has proven to be a reliable and efficient supplier that provides us with services to easily electronically manage shipment information and comply with CBP electronic submission requirements for customs filings."
"Our focus is to standardize a set of business processes across a broad community of participants. This community includes airlines, freight forwarders, inspection agencies, trucking companies, ocean liners and customs brokers -- just to name a few," said Scott Sangster, Vice President of the Global Logistics Network at Descartes. "The Descartes ISF service is a natural extension of our Global Logistics Network and an add-on service for our customers. Our focus is helping our customers comply with new emerging customs filing and compliance initiatives by leveraging our customers existing data infrastructures."
About MOL Logistics
For more information, visit www.mol-logistics.com.
About Descartes
Descartes (TSX:DSG) (Nasdaq:DSGX), is making the world a better place by enabling global organizations with logistics-intensive businesses to save money by improving the productivity and performance of their operations. Underlying Descartes' offerings is the Descartes Global Logistics Network (GLN), one of the world's most extensive multi-modal business applications network. As a federated software-as-a-service (SaaS) platform, the Descartes GLN combines with component-based 'nano' sized applications to provide messaging services between logistics trading partners, shipment management services to help manage third party carriers and private fleet management services for organizations of all sizes. Descartes' solutions and services deliver results by enabling organizations around the world to reduce administrative costs, billing cycles, fleet size, contract carrier costs, and mileage driven; improve pick up and delivery reliability; and optimize working capital through fleet visibility. Descartes' hosted, transactional and packaged solutions deliver repeatable, measurable results and fast time-to-value. Descartes customers include an estimated 1,600 ground carriers and more than 90 airlines, 30 ocean carriers, 900 freight forwarders and third-party providers of logistics services, and hundreds of manufacturers, retailers, distributors, private fleet owners and regulatory agencies. The company has more than 350 employees and is based in Waterloo, Ontario, with operations in Atlanta, Pittsburgh, Ottawa, Montreal, Miami, Minneapolis, Washington DC, Derby, London, Stockholm, Shanghai, and Toronto. For more information, visit www.descartes.com.
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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; Descartes' ability to help customers comply with emerging compliance initiatives 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, changes in the structure or deployment of compliance initiatives and 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. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. 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.