Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
An announcement from Freightways ( (FTWYF) ) is now available.
Freightways has completed the acquisition of the business and assets of Victoria-based VT Freight Express Pty Ltd, an express delivery provider of parcels and palletised freight. The deal strengthens Freightways’ position in the Australian express freight market and broadens its operational capabilities in a niche that complements its existing Allied Express B2C offering, signalling continued strategic expansion in Australia for the group and potential benefits for its competitive standing in that market.
More about Freightways
Freightways Group Limited is a New Zealand-based transport and logistics company with a growing presence in Australia, primarily focused on express parcel and freight delivery services. Through brands such as Allied Express, it targets business-to-consumer and related niche express markets, aiming to expand its capabilities and coverage across key Australian states.
For an in-depth examination of FTWYF stock, go to TipRanks’ Overview page.