Mainfreight stock hits $60 as market share grows

Wed, 11 Nov 2020

In a year afflicted with national lockdowns, closed borders, and a faltering global economy, Mainfreight grew its business and bumped up its half-year dividend by a fifth to 30 cents per share.The global logistics and transport company also forecast improvements across all its regions as it continues to grab market share, despite the slow, pandemic-impacted start.But the covid crisis had a silver lining in that difficult shipping conditions pushed customers towards reliable high-quality freight providers, even at a premium.“The current co...

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