CHAPEL HILL, NC: February 26, 2019. WiseTech Global, a developer and provider of logistics software solutions, has integrated CargoSphere, its neutral rate network for container shipping, and CargoWise One that enables service providers manage their operations on one database across multiple users, functions, countries, languages and currencies.

CargoWise One customers include 12,000 logistics companies in 130 countries, including 38 of the top 50 global 3PLs and 25 of the top 25 largest global freight forwarders worldwide.

CargoSphere's ocean rate system enables carriers, including Hapag-Lloyd and Maersk, to deliver confidential contract rates and amendments to their customers while removing the error-laden process of manually rekeying, updating, and cross-checking carrier contract rates.

WiseTech Global CEO Richard White commented: "This Integration is another step towards enhancing the rate management capabilities within CargoWise One, increasing efficiency, accuracy and workflow for the logistics industry, while our innovation strength and development capacity will further accelerate multi-modal rate management developments."

Pictured: Hapag-Lloyd reported a 15 percent rise in 2018 revenue to €11.5 billion and a 21 percent increase in volume to 11.9 million TEU. Earnings before interest and taxes were €443 million compared to €411 million the previous year.