Software company WiseTech Global has purchased Ohio-based Depot Systems, giving the rapidly growing Australian logistics company a foothold in tracking containers and chassis in the United States.
WiseTech — best known for its CargoWise One platform, a widely used freight forwarding operating system — gains the data tied to the more than 200 North American depots that Depot Systems’ container yard/terminal management software serves. Depot Systems run the yards, handles maintenance and repair estimates, manages container bookings, and handles electronic data interchange information on more than 500,000 gate movements monthly.
Major customers of Depot Systems include Container Maintenance Corp., TRAC Intermodal, ContainerPort Group, and XPO Logistics. The company will remain under the leadership of Wally Morris.
“Empty container yards are a vital but often overlooked part of the international supply chain and landside logistics, thus Depot Systems is a valuable addition to build further opportunities for our technology solutions,” WiseTech CEO Richard White said in a statement. “Together, this gives us better coverage and visibility into the container yard sector to solve the broader landside logistics issues.”
Direct competitors BluJay Solutions and Descartes Systems also provide yard management software with similar functions.
The Depot Systems buy is the latest in a series of acquisitions by WiseTech. It purchased fellow Australian company Containerchain and Norwegian supply chain logistics companies Xware and Systema AS earlier this year. Last year, WiseTech acquired more than a dozen companies across several countries.