FREIGHT logistics operator Wiseway has reported an increase in freight volumes during the third quarter of the 2020 financial year.
Wiseway, which focuses on the movement of goods between Australia and China, reported a 10% rise in freight volumes (up to 19,127 tonnes) largely from stronger sea freight.
Sales revenue of $25.1m represented an increase of $3.7m or 17% on the previous corresponding period, supported by growth in new business divisions including perishables.
What was described as “a major new Australian customer” was said to have helped the business maintain freight capacity in a tightening market.
Chief executive Roger Tong said they had seen demand for Wiseway services grow during the pandemic.
“We have been able to leverage the scale and flexibility of our global logistics platform to meet increased demand,” Mr Tong said.
“In particular we have seen strong growth in business from new customers for our perishables freight offering from a number of large Australian exporters.
“As a result, we reached a milestone of two million kilograms of freight forwarded in our new perishables business this quarter.”
Mr Tong said revenue for the financial year to date was higher, $69.8m, up 2% on the previous corresponding period.
“Currently, demand for logistics services remains high,” he said. “However, due to the unprecedented nature of this global pandemic, this may vary as the situation develops over time.”
