Sydney, May 14, 2026, 07:03 AEST
- WiseTech Global lost 3.2% on Wednesday, closing at A$38.53 and deepening its two-day drop to almost 9%.
- DSV is shifting its Air & Sea transport system over to Tango, stepping away from CargoWise One, according to a report from The Loadstar.
- WiseTech is now facing fresh strain on its AI-driven overhaul and those FY26 growth ambitions are under the microscope.
WiseTech Global shares slid for a second day running as DSV, among the world’s biggest freight forwarders, said it’s moving off WiseTech’s CargoWise platform, opting instead for its own Tango and Star systems.
Shares ended Wednesday at A$38.53, down 3.2%, following Tuesday’s 5.9% drop, according to exchange data from StockAnalysis. In just two sessions, the logistics software company has tumbled roughly 8.9%.
Timing is key here. For months, WiseTech has been pitching investors on how artificial intelligence will cement customer loyalty and push margins higher. Then DSV steps in—its decision throws that story off by demonstrating that a major forwarder is ready to pull more of its tech in-house.
During its Capital Markets Day on May 12, DSV presented a “count-to-one” technology strategy, according to The Loadstar. The Air & Sea division will consolidate from two transport management systems to a single platform, depicted on a slide as “CargoWise One → Tango.” The Loadstar
DSV is betting on its wider “Leverage to Lead” strategy, aiming to harness AI and technology to push productivity higher and streamline its network following the Schenker deal. The Danish logistics giant is targeting roughly DKK 9 billion in productivity improvements by 2030, driven by these upgrades, it said in a company release. GlobeNewswire
WiseTech got hit right away. MarketIndex flagged WiseTech as one of Wednesday’s major losers, noting that DSV’s move to phase out CargoWise might chop $40 million to $50 million from related revenue over five to six years.
WiseTech remains a major name on the ASX tech board. In a May presentation, the company reported serving over 22,000 logistics firms and industry players in 193 countries—among them, 23 of the world’s 25 biggest freight forwarders. With the e2open acquisition, WiseTech said its network now links more than 500,000 enterprises.
The company told investors that “agentic AI” might help customers boost efficiency, adding that its AI workflow tools could trim as much as 50% from labour costs for logistics service providers. Those figures are company estimates, not independent forecasts.
Back in February, WiseTech stuck to its FY26 targets: revenue somewhere between $1.39 billion and $1.44 billion, and EBITDA — that’s earnings before interest, tax, depreciation and amortisation — pegged in a $550 million to $585 million range. Notably, those numbers left out effects from expected cuts in product development and customer service roles.
Back then, Chief Executive Zubin Appoo said WiseTech was “confident in our outlook,” pointing to AI as a boost for the business. “The era of manually writing code as the core act of engineering is over,” Appoo added, after the company unveiled a plan that’s expected to eliminate about 2,000 roles spanning FY26 and FY27.
The real debate now: does WiseTech’s stronghold in logistics software still tip the scale against major customers deciding it’s cheaper or smarter to build—or even own—more of the tech themselves? Back in February, Jefferies analysts Roger Samuel and Lucy Krimmer put forward that WiseTech stands out as the Australian software name best positioned against AI threats, citing the sheer complexity of global logistics workflows. By contrast, they flagged Xero as more vulnerable among its peers.
DSV puts that idea to the test. Should the migration succeed, it could prompt other major forwarders to reconsider their reliance on third-party systems—particularly as AI makes developing in-house software seem less costly. WiseTech, for its part, cautions that swings in global trade or shifts in industrial output might impact its performance.
Investors are focused squarely on execution risk at this point—just how quickly DSV exits, the revenue hit that follows, and whether WiseTech’s AI push plus the e2open integration can actually make up the difference. Those are the questions dogging the shares ahead of the next trading session.
