Freightways Group to Acquire Victoria-Based Freight Operator for AU$71 Million; Shares Up 3%

MT Newswires Live12-17

Freightways Group (NZE:FRW, ASX:FRW) agreed to acquire the business and assets of VT Freight Express (VTFE) for AU$71 million, according to a Wednesday filing with the Australian and New Zealand bourses.

VTFE is a Victoria-based express freight operator providing business-to-business (B2B) parcel and palletized delivery services nationwide, generating AU$77 million in revenue in the 12 months to October and operating an asset-light model through a contractor fleet and leased facilities, the filing said.

The acquisition strengthens the company's position in the Australian express market by adding a complementary B2B service alongside Allied Express's business-to-consumer operations and is expected to lift first-year earnings per share by around 6%, per the filing.

VTFE will maintain its own leadership, the filing added.

The transaction, to be funded through a combination of existing and new bank debt facilities, is expected to be completed on or after Jan. 30, 2026, subject to customary adjustments.

Freightways Group's New Zealand shares were up almost 3% in recent Wednesday trade.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2592973958?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-12-17 06:17","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2592973958","market":"hk","top_or_hot":-1,"title":"Freightways Group to Acquire Victoria-Based Freight Operator for AU$71 Million; Shares Up 3%","media":"MT Newswires Live","content":"<html><body><p> Freightways Group (NZE:FRW, ASX:FRW) agreed to acquire the business and assets of VT Freight Express (VTFE) for AU$71 million, according to a Wednesday filing with the Australian and New Zealand bourses.</p><p>VTFE is a <a href=\"https://laohu8.com/S/VCCTF\">Victoria</a>-based express freight operator providing business-to-business (B2B) parcel and palletized delivery services nationwide, generating AU$77 million in revenue in the 12 months to October and operating an asset-light model through a contractor fleet and leased facilities, the filing said.</p><p>The acquisition strengthens the company's position in the Australian express market by adding a complementary B2B service alongside Allied Express's business-to-consumer operations and is expected to lift first-year earnings per share by around 6%, per the filing.</p><p>VTFE will maintain its own leadership, the filing added.</p><p>The transaction, to be funded through a combination of existing and new bank debt facilities, is expected to be completed on or after Jan. 30, 2026, subject to customary adjustments.</p><p>Freightways Group's New Zealand shares were up almost 3% in recent Wednesday trade.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Freightways Group to Acquire Victoria-Based Freight Operator for AU$71 Million; Shares Up 3%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFreightways Group to Acquire Victoria-Based Freight Operator for AU$71 Million; Shares Up 3%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-12-17 06:17</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Freightways Group (NZE:FRW, ASX:FRW) agreed to acquire the business and assets of VT Freight Express (VTFE) for AU$71 million, according to a Wednesday filing with the Australian and New Zealand bourses.</p><p>VTFE is a <a href=\"https://laohu8.com/S/VCCTF\">Victoria</a>-based express freight operator providing business-to-business (B2B) parcel and palletized delivery services nationwide, generating AU$77 million in revenue in the 12 months to October and operating an asset-light model through a contractor fleet and leased facilities, the filing said.</p><p>The acquisition strengthens the company's position in the Australian express market by adding a complementary B2B service alongside Allied Express's business-to-consumer operations and is expected to lift first-year earnings per share by around 6%, per the filing.</p><p>VTFE will maintain its own leadership, the filing added.</p><p>The transaction, to be funded through a combination of existing and new bank debt facilities, is expected to be completed on or after Jan. 30, 2026, subject to customary adjustments.</p><p>Freightways Group's New Zealand shares were up almost 3% in recent Wednesday trade.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FRW.AU","symbol_name":"Freightways Group Ltd","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2592973958","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2592973958","pubTimestamp":1765923448,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Freightways Group (NZE:FRW, ASX:FRW) agreed to acquire the business and assets of VT Freight Express (VTFE) for AU$71 million, according to a Wednesday filing with the Australian and New Zealand bours","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"FRW.AU":"Freightways Group Ltd","BK4095":"家庭装饰品","BK7058":"航空货运与物流","VCCTF":"Victoria"},"translate_title":"Freightways Group将以7100万澳元收购维多利亚货运运营商；股价上涨3%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FRW.AU":1,"VCCTF":1.5},"content_text":"Freightways Group (NZE:FRW, ASX:FRW) agreed to acquire the business and assets of VT Freight Express (VTFE) for AU$71 million, according to a Wednesday filing with the Australian and New Zealand bourses.VTFE is a Victoria-based express freight operator providing business-to-business (B2B) parcel and palletized delivery services nationwide, generating AU$77 million in revenue in the 12 months to October and operating an asset-light model through a contractor fleet and leased facilities, the filing said.The acquisition strengthens the company's position in the Australian express market by adding a complementary B2B service alongside Allied Express's business-to-consumer operations and is expected to lift first-year earnings per share by around 6%, per the filing.VTFE will maintain its own leadership, the filing added.The transaction, to be funded through a combination of existing and new bank debt facilities, is expected to be completed on or after Jan. 30, 2026, subject to customary adjustments.Freightways Group's New Zealand shares were up almost 3% in recent Wednesday trade.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2592973958","isCrawlerRequest":true}