Mainfreight – Where's the next boost coming from?
Look beyond
MARKETWATCH reports:
Mainfreight Ltd. said it expects growth in revenue and earnings to revert to normal levels after global supply-chain congestion helped to nearly double its full-year profit.
The company on Thursday reported net profit of 355.4 million New Zealand dollars ($230.3 million) for the financial year ended March 31, up 89% from the year before, helped by increased air and ocean freight rates.
“We do not expect the quantum of profit improvement of this past year to reoccur in the short term,” Mainfreight said. “Rather we anticipate we will revert to our normal levels of revenue and profit growth.”
Now read this: “Mainfreight revenue passes NZ$5 billion, delivers record profit“.
All you need to know about its performance can be found here.
'I'm scared', says Boeing whistleblower, after two others suffer mysterious deaths
DSV could face $16m bill after helicopter is written off in haulage accident
FAK rate hikes holding, with strong demand into peak season predicted
Déjà vu as major ocean carriers scramble for tonnage and containers
Indian trade disrupted as port congestion forces liner services to skip calls
Ecommerce boom may be opening the doors for smugglers
Don't get too confident for Q2, market risks haven't disappeared, warns Yang Ming chief
Shipper frustration as spot rates rise alongside demand, and cargo is rolled
Don't chase that final dollar, warning to shippers delaying signing new contracts
Airfreight contracts begin to reflect threat of a Q4 capacity crunch
Q1 'better than expected' for Maersk – but 'there's more pressure to come'
Comment on this article