Freightways 1Q revenue up 8.3%, forecasts year-on-year earnings growth

Wed, 24 Oct 2018

By Rebecca Howard Oct. 25 (BusinessDesk) - Courier and information management company Freightways said September quarter revenue was up 8.3 percent and reiterated that it expects year-on-year earnings growth. Revenue was $155.1 million in the period, the first quarter of the firm's financial year, and net profit lifted 0.2 percent to $15.1 million, chief executive Mark Troughear said in speech notes for the company's annual meeting. Freightways is seeing increased demand for services in both its express package and business mail and i...

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