0541 GMT - WiseTech Global reports increased CargoWise volumes with customer DSV, but RBC Capital Markets questions their durability. "In a rare break from WiseTech's typically reserved disclosure of contract details, the release of DSV's incremental commitment on CargoWise and term length puts pressure on the bear thesis of an imminent revenue cliff from DSV," RBC says. However, the 20% growth in volumes WiseTech reports for the past six months may not necessarily signal a sustained commitment on CargoWise, says the broker. "Nor does it mean DSV are giving up their ambitions to roll out onto Tango under their 'Count to One' tech consolidation strategy," it says. RBC has an outperform rating and a A$70.00 target on WiseTech. The stock is down 2.7% at A$33.71. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

July 10, 2026 01:42 ET (05:42 GMT)

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