WA Freight Group expects strong returns from this financial year.
McAleese’s takeover of WA Freight Group has brought certainty to the trucking outfit, which is predicting a bright future under its new owner.
The last business of four under the former Silk Logistics banner, WA Freight Group was sold in April to McAleese for $15.4 million.
The takeover came as good news for the company, which struggled to attract new business while it remained on the market.
“The last financial year was difficult to bring new business on due to the fact that the business was up for sale. People were hesitant in making any changes until they understood who was going to own the business,” WA Freight Group general manager Steve Fanning says.
“Now that we have a new owner, we’re forecasting our new business sales to increase this financial year and we are very focussed on organic growth.”
WA Freight Group specialises in the movement of less-than-truckload freight on the east-west and north-south corridors, having moved over 270,000 tonnes of freight last financial year.
It operates 31 trucks across six national depots and employs more than 250 people.
WA Freight Group management has been busy overseeing a $3 million investment in new equipment under McAleese.
It has added six new Kenworth and Western Star prime movers and six Vawdrey trailers to its fleet to replace old equipment, and another $4 million is due to be spent in the coming year.
Read the full story on WA Freight Group in the October issue of ATN. Click here to secure your copy now.