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WiseTech Global Ltd (ASX: WTC) was founded in 1994 by Richard White to provide software to the logistics sector. Since then it has grown to become a global provider of logistics software, claiming to service 19 of the top 20 logistics companies globally. WiseTech makes money by charging its customers on a ‘per use’ basis rather than as a subscription model. Meaning, WiseTech directly benefits as its customers grow their businesses.
Australia’s ALL ORDINARIES (INDEXASX:XAO)(ASX:XAO) closed lower on Wednesday, dragged down by miners like BHP Billiton Limited (ASX:BHP) and Rio Tinto Limited (ASX:RIO).
