Raised rates push forwarder returns despite Australasian bottlenecks
There’s been no respite in the supply chain bottlenecks impacting Australia and New Zealand, but ...
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.
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