Team Global Express (TGE) is ramping up its push into Australia’s booming online shopping sector, reporting major cost cuts, a narrowing loss and a surge in eCommerce volumes – driven in part by a growing partnership with TEMU.

Following a $200 million investment in tech and rebranding, TGE’s FY25 net loss shrank to $114.8 million, down from $187.8 million the year prior.

EBITDA jumped to $104 million, a $99.7 million year-on-year improvement.

The company maintained $2.9 billion in revenue despite ongoing market pressure and economic softness.

CEO Nick Stratford, recently promoted from CFO, says the company is now well-positioned to challenge Australia Post’s dominance in parcel deliveries, particularly in regional areas, but she stressed that regional last-mile delivery is a clear growth area.

“We’re in a good place now, we’ve got through separation, we’ve got through what we think is the worst of the market,” Stratford told AFR.

TGE has teamed up with fast-growing online marketplace TEMU to expand delivery capacity across the country, including underserved remote communities.

The partnership has already surpassed 1 million parcel deliveries and added over 50 new driver jobs.

Dwain McDonald, TGE’s Managing Director of International and eCommerce, said the deal is “helping TEMU reach more Australians reliably while boosting regional employment and network utilisation.”

To further streamline operations, TGE has spun off its Tasmanian freight business into a new Allegro-owned entity, Strait Link Logistics, securing a $25 million deposit as part of the sale.

Executive Chairman Christine Holgate, who now holds a 1% stake in TGE, said the divestment sharpens focus on the core multi-modal network.

Despite a challenging market, TGE says it’s eyeing long-term growth, with continued investment planned across systems, people and processes.