WiseTech Global acquires rate management solution providers

Neil Barni, President, CargoSphere.

Neil Barni, President, CargoSphere.

New South Wales–headquartered global logistics software group, WiseTech Global has acquired two global rate management solution providers – Netherlands-based provider of global air freight rate management solutions, Cargoguide, and US-based provider of global ocean freight rate management solutions, CargoSphere.

Cargoguide services customers across 84 countries, including DHL, Expeditors, UPS, DSV, Geodis, Panalpina, Kuehne + Nagel, Schenker, Toll and Yusen. and many other leading global freight forwarders and logistics providers.

CargoSphere services more than 100 customers including Kuehne + Nagel, Dachser, NNR Global Logistics, M+R Spedag, Livingston International.

“At WiseTech we are focused on improving productivity, quality, speed, visibility and manageability in the logistics industry and we are delighted Cargoguide and CargoSphere are joining the WiseTech family,” said WiseTech Global CEO, Richard White. “Combining their powerful air and ocean freight rate management solutions with the strengths of the WiseTech Global group and our leading integrated global execution platform, CargoWise One, will be a step forward for the freight forwarding industry.

“Both solutions will enhance existing rate management capabilities within CargoWise One, increasing efficiency, accuracy and workflow for our customers worldwide, while our innovation strength and development capacity will further accelerate multi-modal rate management developments. This will ultimately create a pathway to the deeper automation necessary to substantially increase productivity for freight forwarders grappling with exponential increases in volumes and margin pressure.”