Wiseway Group Limited announced its intention to establish a new cargo hub in Chicago - marking the latest stage in its strategy of diversification, integration and expansion. The move, which has received board approval, will see the organization increase its global network to encompass 11 cities across five countries. The creation of this new branch follows the successful opening of Wiseway's Los Angeles hub in 2H21, its first in North America.

It also capitalises on momentum created through the awarding of an Indirect Air Carrier (IAC) certificate to the Company by the U.S. Department of Homeland Security, Transportation Security Administration. This accreditation entitles the company to deal with airlines directly and on preferential terms - a significant competitive advantage within the market. Establishment of the new branch is expected to be achieved under a budget of $300,000, and is expected to be funded with business-as-usual operating cash flows.

It is believed that the steady revenues generated across the US West Coast can be replicated, and economies of scale harnessed to boost growth across the region.