Transport and logistics firm, Unifreight Africa Limited, recorded a 30% surge in first-quarter revenues, driven by fleet expansion and the introduction of new business segments.
In its trading update for the first quarter ended 31 March 2025, the company reported increased demand for its services alongside the successful implementation of strategic initiatives.Annual revenue rose by 18%, from US$20.4 million in 2023 to US$24 million in 2024, with projections indicating a further rise to US$32 million in 2025.
The launch of two new business units, a 4PL logistics brokerage and a dedicated Cross-Border Transport Division, is already yielding positive results, as evidenced by the strong revenue growth.Despite the revenue increase, profitability remains constrained due to the upfront costs associated with establishing these new divisions.
However, management expects profitability to align with revenue growth once these initial expenses are absorbed.The company expressed concern over Zimbabwe’s comparatively high transport and logistics costs, which continue to weigh on margins and erode competitiveness relative to neighboring markets.Both the 4PL Logistics Division and the Cross-Border Transport Division have significantly contributed to overall revenue growth.
Turnaround times have improved, thanks to enhancements in real-time operational control, including the rollout of live geo-fenced tracking dashboards. These tools have enabled efficient monitoring of shipments in transit and at border posts.Unifreight’s ongoing fleet expansion saw the integration of 20 new FAW 28.380 FT trucks in the first quarter, building on the successful acquisition of similar units last year.
The company continues to prioritize its human capital. In the first quarter, it expanded its driver training programs, introducing in-cab coaching sessions for dozens of drivers. These initiatives aim to instill a culture of safety and responsibility on the road, leading to reduced accident rates and improved risk management.
