Latest Logistics Sector News

CTI Logistics (ASX:CLX) posted a 69% jump in net profit to $24 million for FY26, driven by robust transport volumes, logistics growth and a $74 million uplift in property valuations. The company also declared a 14 cents per share fully franked dividend.

K&S Corporation’s FY2026 profit fell 16% underlying, with a 31% dividend cut reflecting cautious outlook amid economic uncertainty and contract losses.

MOVE Logistics Group has completed its strategic Reset phase, reporting a return to positive normalised earnings and improved cashflow in FY26, despite ongoing challenges in its warehousing division.

Rubik Australia has officially acquired 100% of Qube Holdings shares through a scheme of arrangement, with Qube set to be delisted from the ASX on 17 August 2026.

WiseTech Global is acquiring FRDM.ai for $10 million upfront to accelerate its VerifyWise platform, enhancing multi-tier supply chain risk and compliance monitoring with AI-powered insights.

Cryosite Limited reported an 18% rise in FY2026 revenue to $16.7 million, with EBITDA growing 27% amid completed and ongoing facility expansions. The company aims to convert new capacity into client growth in FY2027.

The Australian Competition and Consumer Commission has signalled no objection to Rubik Australia's full acquisition of Qube Holdings, paving the way for the scheme's next legal and regulatory steps. The Qube board also plans a fully franked special dividend, contingent on scheme approval.

Qube Holdings shareholders convened to endorse a $5.20 per share acquisition scheme by Rubik Australia, valuing the logistics firm at $9.3 billion equity and $11.7 billion enterprise value. The deal awaits key regulatory approvals and a rescheduled court hearing before implementation.

Locate Technologies has landed a three-year contract with FedEx Australia to deploy its AI-driven Locate2u platform, marking a significant commercial win for the New Zealand logistics tech firm.

Stockland reports strong leasing growth and development momentum in 3Q26, highlighting new data centre and land lease partnerships while maintaining FY26 guidance.

Qube Holdings has obtained an ASX waiver allowing it to deviate from the standard scheme of arrangement timetable, enabling a fully franked special dividend payment and accommodating bidder funding arrangements. The board unanimously recommends shareholder approval, contingent on independent expert support and absence of superior proposals.

Wiseway Group Limited has announced a 12-month on-market share buyback program to repurchase up to 10% of its issued capital, aiming to enhance shareholder returns and support market liquidity.