//WWG – Wiseway Group

WWG – Wiseway Group

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Wiseway Group is a leading provider of integrated logistics in Australia operating from eight strategically located warehouses and facilities and a modern fleet of over 75 trucks. The Company was established in 2005 and has grown to become one of the top three outbound air freight logistics providers in Australia due to its specialist focus on Australia and China trade. This has enabled Wiseway to achieve 70% market share in outbound air freight to mainland China.

Wiseway provides air freight, sea freight, import services, domestic transportation, warehousing and customs clearance services, to a large customer base of over 700 business customers across two main segments, general cargo and perishable cargo. General cargo includes infant milk formula, vitamins and health related products, while perishables cargo includes dairy products, meat, seafood and fresh produce. As an IATA agent, the Company has exclusive and non-exclusive arrangements with most major international airlines and acts as non-exclusive agent to a number of sea freight providers.

Wiseway is expected to generate $103.4 million of revenue in FY2019 of which 94% is from outbound air freight.

It is anticipated that WWG will list on the ASX on 31 October 2018.