WiseTech Shares Hit Again as DSV CargoWise Exit Tests AI Growth Story
WiseTech Global shares fell 3.2% to A$38.53 on Wednesday, extending a two-day drop to nearly 9% after DSV confirmed it will switch from WiseTech’s CargoWise platform to its own Tango system. MarketIndex estimated the DSV move could cut WiseTech’s revenue by $40 million to $50 million over five to six years.