19.7 C
Hamburg
Monday, June 2, 2025
Home News WiseTech Global acquires online platform for container reuse and exchange

WiseTech Global acquires online platform for container reuse and exchange

WiseTech Global, the producer of logistics execution software CargoWise, announced the acquisition of MatchBox Exchange, a pioneering online open market platform for the reuse and exchange of shipping containers amongst landside logistics companies.

WiseTech Global bought MatchBox Exchange, based in Australia, from private shareholders.

MatchBox Exchange is available in the following countries: Australia, India, Indonesia, Israel, New Zealand, Malaysia, the Philippines, Singapore, Taiwan, Thailand, and Vietnam. Its customers include transportation firms and their clients, freight forwarders, and importers/exporters.

The MatchBox Exchange platform connects individuals with a supply of empty containers to those in need. Through direct connections, MatchBox Exchange interacts with major shipping lines like Maersk, CMA CGM, MSC, Hapag-Lloyd, ONE, HMM and Yang Ming to enable consumers to reuse boxes or request or supply empty containers across enterprises for their import or export needs.

“There is a huge number of containers moving around the globe at any one time with 862 million TEUs in 2022. MatchBox Exchange brings new digital capability to optimise the reuse of shipping containers to reduce unnecessary trucking trips, increase container utilization and improve productivity. This is a great example of true optimisation by offering more than mere visibility, creating actionable data for end-to-end process optimization across the supply chain,” stated Richard White, founder and CEO of WiseTech Global.

He further added, “This transaction demonstrates WiseTech’s continued investment in our landside logistics development priority, enhancing our CargoWise ecosystem in the container optimization space, while helping to reduce traffic congestion in ports from unnecessary transport of empty containers.”





Latest Posts

Mersin International Port completes first phase of expansion project

Mersin International Port Management Inc. (MIP), a key gateway terminal in Türkiye and a joint venture between PSA International, IFM, and Akfen, officially completed...

GEODIS unveils low-carbon air freight solution

GEODIS introduces GEODIS AirSmart, an innovative low-carbon air freight service designed to minimize greenhouse gas emissions through optimized performance. The official launch takes place today...

Gemini partners on track for 90% schedule reliability target

In April, global schedule reliability improved by 1.7 percentage points M/M to 58.7%, the highest level recorded since November 2023, according to Danish maritime...

America’s Shipbuilding Crisis: A Strategic Vulnerability in an Era of Global Tension

As the United States navigates an increasingly volatile global landscape, its shipbuilding crisis has emerged not just as an industrial shortfall but as a...

How Managed Web Hosting Simplifies WordPress Maintenance and Security

Ever felt like managing your WordPress site is like having an extra full-time job?  From constant plugin updates to worrying about hackers and random errors,...
error: Content is protected !!