A year that started reasonably booming as a consequence of the high level of sea freight rates of the previous financial year to the opposite in the past 20 years, particularly from Asia.

Surely the Ukraine war, the unreasonable tariffs applied by shipping lines the year before, and the low unemployment level have generated a substantial increase in the cost of our daily life together with the increase of the cost of the money applied by RBA to reduce the impact of a potential recession.
 
FJT Logistics is ending the financial year with further growth as revenue in comparison with the previous year, which was an extraordinary one despite, this year, increased costs have reduced the margin in a significant way.
 
We at FJT Logistics are committed to continuing along our path of investment into strategically placed locations, both nationally and internationally. Plans for the opening of a warehouse in Sydney, which will be the last to be opened here in Australia are already underway, after the positive return from the opening of warehouses in Perth and Adelaide in 2022, Brisbane in 2021, and Melbourne the year earlier.
 
All the above was possible thanks to the contribution of our employees, customers, and suppliers not just for the past 12 months but for the past years.
 
We will continue challenging ourselves as we invest in other overseas offices in locations where production is moving to, like Mediterranean countries and South East Asia where it would be possible to provide more competitive door to door services, not exclusively with more competitive rates but using technologies that EDI Cargowise is offering to provide customers solutions that will allow them to optimise their internal cost too.
 
We wish all of you the very best for the new financial year.

  
Alessandro D’Orto
Director