Mainfreight moves to a 'just in case' scenario

Mainfreight moves to a 'just in case' scenario
For the six months to Sept 30, Mainfreight’s warehousing capacity climbed 16% to 936,153 sqm across its global footprint. (Image: supplied)
Brent Melville
Mainfreight chief executive Don Braid says a ‘just in case’ mantra has overshadowed the company’s ‘just in time’ principle as the logistics group scrambles to keep up with global supply chain challenges.In his December team update, Braid said while heightened freight volumes across the business were good for financial performance, they’d placed pressure on service levels and infrastructure. That meant “sourcing every available piece of equipment, rail rolling stock and coast shipping capacity&rdquo...

More Markets

NZ sharemarket up 0.5% ahead of long weekend
Markets Market Close

NZ sharemarket up 0.5% ahead of long weekend

Pacific Edge's share price fell 7.32%.

Tom Raynel 24 Apr 2025
Pacific Edge suffers another setback in US
Markets

Pacific Edge suffers another setback in US

Shares in cancer diagnostics company Pacific Edge are down 2.44% to $0.120 after another setback in the US market.The US District Court for the Middle District of Pennsylvania has determined that it does not have jurisdiction to review a Local Coverage Determination (LCD) that co...

Staff reporters 24 Apr 2025
Listed retailers stand to gain from Trump tariffs:  Forsyth Barr
Retail

Listed retailers stand to gain from Trump tariffs: Forsyth Barr

Forsyth Barr lifted its KMD Brands target price by 10.4% after Trump tariff walkbacks.

Gregor Thompson 24 Apr 2025
NZ sharemarket rises as Trump backs down
Markets Market Close

NZ sharemarket rises as Trump backs down

The S&P/NZX 50 Index closed up 1.01% or 119.78 points.

Tom Raynel 23 Apr 2025