How Mainfreight turned disaster into success

How Mainfreight turned disaster into success
Dan Brunskill
When Mainfreight’s financial year began in April, things looked bad. Huge swathes of the world were in lockdown and global logistics players were experiencing disruption only seen in wartime.In the first seven weeks of trading, Mainfreight's domestic pre-tax profit was wiped out but the 42-year old firm held its nerve, kept its staff and by week-26 profit was up 8.3 percent.The group’s global performance was even better: revenue increased 7.2 percent, which Forsyth Barr analysts said was “impressive in the context of...

More Editor's Picks

Xero’s Melio ‘leap of faith’
Markets Analysis

Xero’s Melio ‘leap of faith’

The NZ-founded company’s giant-killer dreams in the US hinge on this huge bet. 

Pattrick Smellie 01 Jul 2025
Facebook is no place for risky financial investment offers
Opinion

Maria Slade: Facebook is no place for risky financial investment offers

Misleading ads continue to be thrust in the faces of Mum and Dad investors.

Maria Slade 30 Jun 2025
'There are some firms in NZ I won’t touch'
Policy

'There are some firms in NZ I won’t touch'

Adam Feeley on the reluctance to call out poor performers in NZ infrastructure sector.

Oliver Lewis 30 Jun 2025