Freightways has today entered into a transaction with Allied Express Transport Pty Ltd, providing them with a significant entry point to the Australian market for their Express Package Division.
Mark Troughear, CEO of Freightways, expressed his excitement to work alongside the Allied Express founder, Colin McDowell, and his team to grow the business in Australia.
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The deal is subject to regulatory approvals and commercial conditions.
Every sector of the Australian share market has lost ground.
The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.
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