Sydney, Feb 10, 2026, 17:42 AEDT — After-hours
- WiseTech Global closed out Tuesday with a 2.6% gain, ending the day at A$50.59.
- Hapag-Lloyd plans to roll out IoT container tracking in a new pilot with the company, integrating real-time shipment alerts straight into CargoWise.
- WiseTech is set to report half-year results on Feb. 25.
WiseTech Global Ltd ASX:WTC shares closed out Tuesday at A$50.59, up A$1.29, gaining 2.6%. The logistics software name said it’s starting an Internet-of-Things container tracking pilot with shipping giant Hapag-Lloyd.
Investors are reworking their math on software-as-a-service names after a sharp selloff, with fears swirling that “agentic” AI—software that can operate independently across various systems—could undercut the incumbents. But according to FNArena, Macquarie isn’t buying the idea that AI disruption is a serious threat for WiseTech. FNArena.com
Australia’s S&P/ASX 200 edged down 0.03% to close at 8,867. Tech names held up better than most amid choppy trading. The information technology sub-index, after tumbling over 44% from its September 2025 high to last Friday’s trough, finally saw some bargain hunters step in—helped by the Nasdaq 100 logging a second straight advance, IG noted.
WiseTech wasn’t alone in making gains. NextDC, Xero, Life360 and Technology One all ticked up by midday, sending the tech index close to a 2% jump, according to Market Index’s live blog.
WiseTech and Hapag-Lloyd are running a trial that hooks Hapag-Lloyd’s entire fleet—about 2 million containers, all fitted with IoT sensors—directly into WiseTech’s CargoWise. “The industry has relied on discrete and often inaccurate event updates,” Chief Executive Zubin Appoo said. On Hapag-Lloyd’s side, Karsten Schmidt flagged customers pressing for “actionable predictive insights rather than just dots on a map.” Their new tool, “Live ETA,” could lift delivery-time accuracy for Hapag-Lloyd’s end-to-end shipments by up to 75%, both firms say. MarketScreener
WiseTech shares have been all over the map following the tech selloff. The company, which develops software for logistics and customs, is down about 10% from its level seven days ago. The stock remains far beneath last year’s price.
Still, it’s only a pilot for now. Turning this into steady revenue? That could be a slow process. If customers pull back—or if management strikes a cautious tone in the upcoming outlook—the rebound may prove short-lived.
WiseTech reports half-year results on Feb. 25. Focus is on how demand is shaping up and what’s happening with costs, plus whether there’s anything new on scaling its latest products—top of mind: the Hapag-Lloyd integration, still stuck in pilot.
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