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WiseTech Cites 20% Volume Growth as DSV Partnership Questions Persist

WiseTech Global moved to shore up investor confidence in its relationship with DSV. The company announced that CargoWise transaction volumes processed by the world's largest freight forwarder jumped 20% over the past six months. The disclosure follows DSV's earlier confirmation that Tango, its proprietary platform developed through the DB Schenker acquisition, will serve as its strategic operating system. WiseTech said DSV remains an active customer with user numbers climbing 3% in the same period. Both parties are bound by contract through September 2028, featuring substantial financial commitments. WiseTech executives indicated the companies are exploring additional collaboration opportunities beyond the current agreement. The announcement represents the first public response to speculation about DSV's long-term technology strategy shift.