Freightways signals further price hikes

Thu, 31 Oct 2019

Freightways has more price hikes on the cards for its express package arm as the courier and information management firm aims to fatten margins. The company raised express package prices in the first quarter and has a smaller increase flagged for the fourth quarter of the current financial year, which it expects to lift both revenue and widen margins. In a presentation at today's annual meeting, the company said revenue - excluding a new accounting standard for leases - rose $156.7 million in the three months ended Sept. 30 from $155.1...

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