Established in 2005 to serve the growing Australia-Asia Pacific trade industry, Wiseway has grown to be a leading provider of integrated logistics solutions with a global network of strategically located warehouses and facilities and a large modern fleet of trucks and delivery vehicles.
During the first quarter of the current financial year Wiseway’s revenue grew to $32.1 million compared with $31.0 million for the same quarter in the 2020-21 financial year, primarily due to growth in its activities around import and distribution, road transport and perishables.
“Our perishables segment, driven primarily by seafood, milk and meat exports saw significant growth due to an increase in volumes during the quarter with almost three million kilograms of freight forwarded,” said Wiseway CEO Roger Tong.
During the Quarter Wiseway renewed a substantial contract with one of the largest marketers and exporters in the Australian horticulture industry with plans to become the largest stone fruit exporter in the Southern hemisphere.
“We also saw a solid increase in demand for a number of our services with significant growth achieved in the road transportation segment, which further cements Wiseway’s role as the leading global airlines’ trusted national trucking service partner,” said Tong.
The steady result for Wiseway was achieved against the backdrop of a very challenging international supply chain. A confluence of events has put pressure on the logistics and transportation industry with the ongoing impacts of the Delta strain, production challenges, a higher than expected surge in consumer demand, labour shortages and a much slower than average turnaround at key international ports. Air freight dry cargo volume also declined due to the ongoing effect of COVID-19 which limited international flights.
“The company is well positioned to take advantage of the expected growth in export opportunities during the peak Australian produce season, from October to January,” said Mr Tong. “This is underpinned by our previous investments to establish cool rooms and complete the fumigation of our facilities to support demand from large Australian perishables exporters.”