Latest Freight Forwarding News

Nick Scali Limited reported a resilient FY25 with solid sales growth in Australia and New Zealand, while UK operations continue to improve margins despite ongoing losses. The company declared a fully franked dividend and outlined plans for further expansion.

Nick Scali Limited reported a 5.8% revenue increase to $495.3 million in FY25, driven by its UK acquisition, but statutory net profit fell 28.4% amid integration and freight disruption costs. The company declared a fully franked final dividend of 33 cents per share.

Silk Logistics Holdings Limited will be suspended from ASX trading following court approval of its acquisition by DP World Australia, marking a significant shift in the logistics sector.

WiseTech Global has completed its $2.1 billion acquisition of U.S.-based e2open, significantly broadening its supply chain software reach and product portfolio. This move positions WiseTech as a more integrated player in global trade and logistics technology.

Yojee Limited has unveiled its next-generation MOSAIC platform prototype to strong industry acclaim, completed critical technical validation for its SmartYojee customs technology, and secured a $5.4 million capital raise to fuel growth and commercialisation.

Yojee Limited has successfully raised $5.4 million through an oversubscribed placement, fueling development of its MOSAIC freight forwarding platform and expansion across the Asia Pacific region.

Yojee Limited and SmartClear have completed technical verification of their MOSAIC platform, a next-generation freight forwarding and customs messaging solution compliant with Australian and New Zealand customs regulations. This milestone sets the stage for a strategic partnership aimed at transforming logistics technology in the region.

WiseTech Global has announced its acquisition of E2open Parent Holdings, Inc. for $2.1 billion, significantly broadening its footprint in global trade and logistics software. The deal is expected to accelerate WiseTech’s vision of becoming the operating system for global trade and logistics.

WiseTech Global has announced a $2.1 billion acquisition of US-based e2open, aiming to create a comprehensive global trade and logistics marketplace. The deal, fully debt-funded and expected to close in the first half of 2026, promises to expand WiseTech’s product suite, customer base, and market reach.

Yojee Limited has introduced its next-generation freight forwarding platform, MOSAIC, at the IFCBAA National Conference, aiming to disrupt traditional logistics software with AI-driven, community-focused technology.

WiseTech Global has confirmed its participation in the strategic review process initiated by US-based e2open, amid media speculation of a potential acquisition. While discussions remain preliminary with no certainty of a deal, the move aligns with WiseTech’s ongoing acquisition-driven growth strategy.

Nick Scali Limited reported a robust 1H FY25 with revenue growth and profits exceeding guidance, despite ongoing UK market disruptions and restructuring costs.