Freightways lifts first-half profit 6%

Mon, 25 Feb 2019

By Jenny Ruth Feb. 25 (BusinessDesk) - Freightways lifted first-half profit 6 percent through strong revenue and volume growth coupled with greater productivity in the express package division. Organic expansion and acquisitions bolstered information management revenue. Net profit for the six months ended December rose to $33.4 million from $31.4 million in the same six months a year earlier. The latest result includes a $1.4 million profit because its insurance proceeds exceeded the written down value of racking damaged at its Porirua...

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