WiseTech

WiseTech board members resign over governance dispute

WiseTech Global, one of the largest providers of cloud-based logistics execution software, is in turmoil after four independent members of the board resigned Monday in a power dispute involving founder and former CEO Richard White.

The Sydney-based developer of CargoWise software, which is used by many freight forwarders, cargo airlines and other freight companies, said non-executive board members will resign after the company’s half-year results are released on Wednesday.

WiseTech shares plunged...

https://www.freightwaves.com/news/wisetech-board-members-resign-over-governance-dispute

Technology trends impacting the drayage industry

On a recent episode of Fuller Speed Ahead, Craig Fuller, founder and CEO of FreightWaves, was joined by Dennis Lane, head of revenue at CargoWise Landside, to talk about recent trends and technology impacting the drayage industry.

CargoWise Landside, a solution area of the CargoWise platform, combines four leading drayage transportation management systems under one roof as part of a string of recent acquisitions over the past several years. This makes CargoWise Landside the largest network of...

https://www.freightwaves.com/news/technology-trends-impacting-the-drayage-industry

Building the operating system for global and landside logistics

On a recent episode of Fuller Speed Ahead, Craig Fuller, founder and CEO at FreightWaves, was joined by Mark Picarello, managing director at SecurSpace and CargoWise Landside, to talk about the state of the market and highlight recent enhancements in their CargoWise platform.

Fuller notes that WiseTech Global, the parent company, has made a number of acquisitions across the supply chain space. Picarello notes that one of the big, positive impacts from the recent acquisitions has been the gains...

https://www.freightwaves.com/news/building-the-operating-system-for-global-and-landside-logistics

WiseTech reports strong financial figures

WiseTech has achieved strong growth in its financial results for the period July-December 2022, which is the first half of the company’s financial year 2023.

In particular, WiseTech increased its total revenue by 35%, compared with the same period last year, reaching US$258 million. In addition, the company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by 36% to approximately US$13 million.

Furthermore, WiseTech reported a free cash flow of US$94 million,...

https://container-news.com/wisetech-reports-strong-financial-figures/

WiseTech acquires Blume Global

WiseTech Global, an Australia-based developer of the logistics execution software CargoWise, has acquired privately held Blume Global, a solution provider for North American intermodal rail in North America, for US$414 million.

U.S.-based Blume is being acquired from funds managed by Apollo, EQT and other minority shareholders. The deal was announced earlier this week.

Blume manages intermodal containers and chassis on behalf of six of the seven Class 1 U.S. railroads, ocean carriers and other...

https://www.freightwaves.com/news/wisetech-acquires-blume-global