WiseTech Global Ltd (ASX:WTC) saw its stock price soar by 5.20% during Wednesday's trading session, following the announcement of a strategic partnership with All Nippon Airways (ANA). This collaboration marks a significant step forward for WiseTech's logistics platform, CargoWise.
The partnership, revealed in a statement on Tuesday, involves a direct data integration between CargoWise and ANA. This integration allows freight forwarders to manage shipments in real-time within the CargoWise platform. The system-to-system connectivity is now operational and available to the CargoWise community as part of the CargoWise Carrier Connectivity Program.
Investors appear to be reacting positively to the potential benefits of this partnership. CargoWise customers will now have improved visibility and access to ANA Cargo's schedules, cargo availability, pricing, and eBookings. This enhanced functionality could potentially strengthen WiseTech Global's position in the logistics software market and drive future growth, which may explain the significant uptick in the company's stock price.
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