Wiseway Group

Australian logistics player secures its spot as air freights’ trusted trucking partner

The shipping crisis is not expected to be over anytime soon, but air and road freight is stubbornly going on, picking up some of the slack. Wiseway Logistics Pty Ltd is one of the leading freight forwarding companies in Australia. It offers extensive high quality services, Australia-wide and globally.

Freight and logistics player Wiseway Group stated that unaudited revenue grew to $32.1 million in Q1 FY22 compared to $31 million in Q1 FY21. The company saw growth in imports and distribution which increased 88.9% from $1.8 million to $3.4 million on the previous corresponding period.

Wiseway also saw 66.7% growth in road transportation to $1.5 million (from $0.9 million), and a 59.5% increase in perishables to $6.7 million (from $4.2 million).

Wiseway independent non-executive chairman Michael Hughes said the company has cemented its role as the leading global airlines’ trusted national trucking service partner.

Wiseway also renewed a substantial contract with China Marketing Solutions Pty Ltd, one of the largest marketers and exporters in the Australian horticulture industry with plans in motion to become the largest stone fruit exporter in the Southern Hemisphere.

Source: stockhead.com.au

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