WiseTech Global Reaffirms DSV CargoWise Partnership as Platform Usage Grows

MT Newswires Live

07/10

WiseTech Global (ASX:WTC) said DSV remains an active customer of its CargoWise platform, addressing ongoing media and online speculation about their commercial relationship as transaction volumes with DSV rose around 20% over the past six months following the integration of DB Schenker, according to a Friday Australian bourse filing.

The companies remain committed to their existing contract until September 2028, while discussions continue regarding future collaboration opportunities, per the filing.

"We deeply value our long-standing relationship with DSV and remain committed to supporting its business and identifying opportunities to deliver additional value over time," said WiseTech Chief Executive Zubin Appoo.

The company's shares gained nearly 1% in recent Friday trade.

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