Logistics software provider WiseTech Global Limited has acquired global rate management solution providers Cargoguide and CargoSphere.
“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 Richard White, global CEO of WiseTech. “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.”
Cargoguide is based in Utrecht and provides air freight rate management solutions to customers such as DHL, Expeditors, UPS, DSV, Geodis, Panalpina, Kuehne + Nagel, Schenker, Toll and Yusen. It has direct relationships with GSAs and carriers such as Emirates, Lufthansa, Delta, Air France-KLM and Qatar Airways. The company will continue to be led by Jorre Cobelens, managing director.
“Joining forces with a global leader like WiseTech enhances our ability to revolutionize rate, margin and capacity management for the freight forwarding industry,” said Cobelens. “With the combined strength of our organizations, we will expand further globally and accelerate our delivery and development of high productivity rate management solutions.”
CargoSphere is headquartered in North Carolina and provides confidential ocean freight rates through its rate management platform to more than 100 customers, including Kuehne + Nagel, Dachser, NNR Global Logistics, M+R Spedag, Livingston International and other global freight forwarders and logistics providers.
“We have dedicated over 15 years pursuing our product vision and goal of becoming the leading neutral global ocean rates platform for the shipping industry, and working with WiseTech over the last year we realized that we can both do more and deliver more value to our customers together,” said Neil Barni, who will continue to be managing director of CargoSphere. “We will benefit from the global strength and powerful innovation capability of WiseTech and we remain committed to integrating with ocean carriers and with our customers, and to delivering on our vision for fully automated digital rate distribution.”
Both Cargoguide and CargoSphere will continue to deliver their solutions independently and directly to their respective worldwide customers, as well as to the 7,000 logistics providers across 125 countries that use WiseTech’s integrated supply chain execution solutions.
WiseTech’s CargoWise One platform enables logistics service providers to execute transactions in areas such as freight forwarding, customs clearance, warehousing, shipping, land transport and cross-border compliance and to manage their operations on one database across multiple users, functions, countries, languages and currencies.
“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,” said White. “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.”
