Descartes acquires US tracking solution provider
The Descartes Systems Group from Canada has invested USD 25.5 million to acquire certain assets of Velocity Mail, an electronic transportation network that provides global air carriers with mail and parcel shipment scanning and tracking solutions. Velocity Mail, headquartered in Denver CO, has been connecting commercial airlines and their logistics partners with government postal authorities around the world for more than 15 years.
Using the company's network, global air carriers leverage mobile devices to accurately track shipments and deliveries in real-time. Velocity Mail automates the entire shipment process, from route generation to accounting reconciliation, simplifying operational processes for the air carriers, ground handlers and postal authorities. (ah)