Question · Q3 2026
Tim Greaves asked if Descartes is observing an acceleration in the Transportation Management System (TMS) replacement cycle and where the company is achieving wins against legacy TMS competitors.
Answer
CEO Ed Ryan indicated that while he doesn't see an acceleration, the TMS market remains robust. He highlighted Descartes' diverse portfolio of six or seven TMS solutions tailored for various customer types (e.g., forwarders, brokers, 3PLs, retailers, manufacturers). He emphasized Descartes' strategy of acquiring companies to expand its solution offerings and its stability as a public company, which contrasts with smaller competitors that may lose focus post-acquisition.
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