Freightways

Strategic intent

Freightways is a logistics and information management provider operating primarily in New Zealand and Australia, with core services in express package delivery, business mail, and secure data services. [1, 5, 13]

Key market signals

• 2025-12: Announced the acquisition of Australian B2B operator VT Freight Express for A$71 million, expanding its presence in the Australian express freight market. [21]
• 2025-08: Reported strong FY25 results despite economic headwinds, with a 6.6% increase in revenue and a 12.9% increase in NPAT, while signaling continued focus on Australian expansion. [2, 8, 27]
• 2025-08: Advanced "Project Evolve," a major upgrade to its billing, payment, and pricing systems, expected to improve margin. [8]
• 2024-12: A workplace fatality occurred at its Shred-X facility in Australia, triggering regulatory investigations by WorkSafe and the police, and an internal safety review. [2, 8, 11]
• 2024-08: Demonstrated resilience in FY24 results, with a 7.8% increase in operating revenue despite a challenging economic environment and the integration of its Allied Express acquisition. [6, 14]

Financial health

• H1 FY26 (six months to 31 Dec 2025): Group revenue increased 8.5% to $718.2 million, and Net Profit After Tax (NPAT) increased 17.2% to $52.5 million. [10]
• FY25 (year to 30 June 2025): Total revenue increased by 6.6% and NPAT rose by 12.9% year-on-year. [2, 8]
• FY24 (year to 30 June 2024): Overall operating revenue increased by 7.8% to $1.2 billion, while net profit after tax decreased 5.8% to $70.9 million due to higher interest expenses. [6]

Impact & compliance

Legal & risks

In December 2024, a fatality occurred at the company's Shred-X facility in Victoria, Australia. Freightways has stated it is cooperating fully with police and WorkSafe investigations and is conducting an internal review of its safety systems. [2, 8, 11]

Forensic audit — 1 findings

• ⚠ A WorkSafe Victoria investigation is ongoing following a worker fatality at Freightways' subsidiary Shred-X in December ...

Classifications

🔒 Proprietary analysis

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