New Castle Building Products reduced fleet mileage by 25,000 miles annually using Descartes' route planning solution, enhancing delivery efficiency.
Quiver AI Summary
Descartes Systems Group announced that New Castle Building Products, a supplier of exterior building materials, has successfully reduced its fleet mileage by around 25,000 miles annually by implementing Descartes’ route planning and execution solution. Transitioning from manual planning to data-driven routing has resulted in decreased fuel consumption and costs, improved delivery accuracy, and enhanced service reliability. The solution centralizes dispatch operations, optimizes routes considering various constraints, and maximizes vehicle capacity, thus increasing delivery efficiency without expanding the fleet size. Descartes' platform plays a crucial role in helping distributors navigate the complexities of last-mile delivery, meeting customer demands while promoting more sustainable operations.
Potential Positives
- New Castle Building Products achieved a significant reduction in fleet mileage by approximately 25,000 miles annually through Descartes' route planning solution, demonstrating the effectiveness of the platform.
- The implementation of Descartes' solution led to lower fuel consumption and costs, which is a crucial benefit for logistics-intensive companies facing rising operational expenses.
- Improved route consistency and on-time delivery performance were highlighted, which enhances customer satisfaction and positions Descartes as a key player in meeting customer expectations in the logistics industry.
- The ability to maximize route density and vehicle capacity use without increasing fleet size indicates a scalable and efficient logistics solution, appealing to potential clients in the building materials distribution sector.
Potential Negatives
- The press release includes a cautionary statement regarding forward-looking statements, indicating potential risks and uncertainties that could adversely affect the company's business, financial condition, or results of operations.
- The mention of significant cost savings for New Castle Building Products implies that the company's financial performance could be heavily dependent on retaining clients like New Castle, raising concerns about reliance on specific customers.
- The release does not provide any specific updates on Descartes’ financial performance or new product developments, which may leave stakeholders wanting more concrete information about the company's current standing and growth prospects.
FAQ
How did New Castle Building Products improve fleet efficiency?
New Castle reduced fleet mileage by 25,000 miles annually using Descartes’ route planning solution, enhancing delivery accuracy and reliability.
What are the benefits of Descartes' routing solution?
Descartes’ solution helps optimize routes, reduces fuel consumption, improves on-time delivery, and enhances overall fleet performance, supporting scalable distribution.
What challenges did New Castle face before using Descartes?
New Castle struggled with manual route planning, making it difficult to optimize deliveries efficiently across multiple locations with tight schedules.
What regions does New Castle Building Products serve?
New Castle serves customers across the Northeastern U.S., including New York, New Jersey, Connecticut, Massachusetts, Pennsylvania, and Maryland.
How does Descartes enhance visibility for fleet operations?
Descartes provides end-to-end visibility, enabling better decision-making, real-time updates, and continuous improvement in fleet performance and delivery efficiency.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$DSGX Congressional Stock Trading
Members of Congress have traded $DSGX stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $DSGX stock by members of Congress over the last 6 months:
- REPRESENTATIVE GILBERT RAY CISNEROS, JR. sold up to $15,000 on 02/18.
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$DSGX Hedge Fund Activity
We have seen 189 institutional investors add shares of $DSGX stock to their portfolio, and 233 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- T. ROWE PRICE INVESTMENT MANAGEMENT, INC. removed 1,718,628 shares (-86.5%) from their portfolio in Q4 2025, for an estimated $150,654,930
- DURABLE CAPITAL PARTNERS LP removed 1,710,202 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $122,382,055
- 1832 ASSET MANAGEMENT L.P. added 1,239,493 shares (+47.8%) to their portfolio in Q1 2026, for an estimated $88,698,119
- WARATAH CAPITAL ADVISORS LTD. added 1,078,223 shares (+969.1%) to their portfolio in Q1 2026, for an estimated $77,157,637
- MACKENZIE FINANCIAL CORP removed 924,415 shares (-27.4%) from their portfolio in Q1 2026, for an estimated $66,151,137
- PRICE T ROWE ASSOCIATES INC /MD/ removed 728,252 shares (-10.4%) from their portfolio in Q1 2026, for an estimated $52,113,713
- TWO SIGMA INVESTMENTS, LP added 717,750 shares (+173.0%) to their portfolio in Q1 2026, for an estimated $51,362,190
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$DSGX Price Targets
Multiple analysts have issued price targets for $DSGX recently. We have seen 6 analysts offer price targets for $DSGX in the last 6 months, with a median target of $92.5.
Here are some recent targets:
- Mark Schappel from Loop Capital set a target price of $96.0 on 06/04/2026
- Lachlan Brown from Rothschild & Co set a target price of $90.0 on 04/16/2026
- Raimo Lenschow from Barclays set a target price of $89.0 on 03/12/2026
- Thanos Moschopoulos from BMO Capital set a target price of $82.0 on 03/12/2026
- Chris Quintero from Morgan Stanley set a target price of $100.0 on 03/12/2026
- Kevin Krishnaratne from Scotiabank set a target price of $95.0 on 02/04/2026
Full Release
ATLANTA and LONDON, June 10, 2026 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that New York-based New Castle Building Products, a leading distributor of exterior building materials, has reduced its fleet mileage by approximately 25,000 miles annually using Descartes’ route planning and execution solution. By replacing manual planning with data-driven routing, New Castle has lowered fuel consumption and costs, improved route consistency and accuracy and enhanced on-time delivery performance, helping the company meet rising customer expectations while operating a more efficient and scalable distribution network.
“Serving customers across the Northeastern U.S. through a network that spans New York, New Jersey, Connecticut, Massachusetts, Pennsylvania, and Maryland we manage a large fleet with complex multi-stop routes, variable jobsite constraints and tight delivery windows,” said Keith Haskell, COO at New Castle Building Products. “Before Descartes, route planning was much more manual and decentralized, making it difficult to consistently optimize deliveries across locations. As demand increased, we needed a smarter way to improve planning efficiency and control costs without compromising service standards. With Descartes, we’ve been able to take approximately 25,000 miles out of our routes annually while improving delivery reliability and ensuring our customers get what they need, when they need it.”
Descartes’ route planning and execution platform helps building supply distributors manage the complexity of last mile delivery where high-value materials, specialized handling and tight delivery commitments are the norm. The solution enables more centralized and consistent dispatch operations across locations, while dynamically optimizing routes based on real-world constraints, such as delivery windows, vehicle capacity and traffic. This helps ensure efficient delivery execution while keeping contractor jobs on schedule. It also maximizes route density and vehicle capacity use to increase deliveries per route without increasing fleet size, and provides end-to-end visibility to drive continuous fleet performance improvement, higher productivity, lower fuel consumption and reduced emissions.
“Fuel is one of the largest and most volatile expenses in fleet operations, especially for building materials distributors managing multi-stop job site deliveries,” said James Wee, General Manager, Fleet Management at Descartes. “With more intelligent routing and better visibility into daily operations, companies can reduce unnecessary miles and fuel consumption, centralize dispatch operations across locations, and improve overall fleet performance, all of which helps to keep customers’ construction projects on schedule.”
For more information, visit Descartes Building Supply Resource Center .
About New Castle Building Products
New Castle Building Products (NCBP) is a family-owned distributor of building materials headquartered in White Plains, New York, serving customers across the Northeastern United States through 24 locations in six states. NCBP was established in 2002 but has roots dating back to 1910, the company has grown from a small sheet metal business into a leading supplier specializing in commercial and residential roofing. NCBP is known for its strong relationships with top manufacturers, broad product availability, and commitment to delivering high-quality materials and reliable service to its customers. Learn more at www.ncbp.com or www.newcastlemetal.com .
About Descartes
Descartes powers more responsive, efficient, secure and sustainable international and domestic supply chains by uniting logistics-intensive businesses on its Global Logistics Network (GLN). Shippers, carriers, and logistics service providers connect and collaborate on the GLN leveraging technology, data and AI to manage last mile deliveries, domestic and international shipments, transportation rating and payment, global trade research, customs compliance and a variety of regulatory processes. Learn more about Descartes at www.descartes.com and connect with us on LinkedIn and X .
Global Media Contact
Cara Strohack
Tel: 226-750-8050
[email protected]
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’ fleet performance management 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 regulatory authorities across Canada including Descartes’ most recently filed annual and interim management’s discussion and analysis which are available under Descartes’ profile through the EDGAR website at http://www.sec.gov or through the SEDAR+ website at http://www.sedarplus.com/. If any such risks actually occur, they could, among other consequences, 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.