WISEWAY Group is planning to establish a new cargo hub in Chicago.
With the new facility, the ASX-listed integrated freight and logistics operator will have a network covering 11 cities across five continents.
The creation of the Chicago branch follows the opening of Wiseway’s Los Angeles hub in the second half of 2021, its first in North America.
In an ASX announcement, the company said its new Chicago hub would capitalise on momentum created through the awarding of an Indirect Air Carrier (IAC) certificate to the Company by the US Department of Homeland Security, Transportation Security Administration. The accreditation entitles the company to deal with airlines directly and on preferential terms.
Wiseway executive chair Florence Tong said the creation of the new branch would “supercharge” the company’s expansion across the US.
“This hub is expected to deliver sound revenues within its first year of operations and is easily expandable as business volumes increase,” she said.
“This is the latest step in Wiseway’s journey from a simple air-exporter to an agile, dynamic and dependable logistics solutions provider which delivers synergies and cost-savings through our global network of interconnected business divisions.”
Following the board’s decision to back the strategy, Wiseway will seek to sign contracts to obtain use of customs bonded and quarantine compliant secure warehousing facilities close to Chicago’s main airport, obtain all necessary licensing and regulatory permits and begin a process of recruitment for several full-time employees.
