Mainfreight's Braid feels let down by lack of KiwiRail capacity after investing alongside rail

Wed, 09 Nov 2016

By Jonathan Underhill Nov. 10 (BusinessDesk) - Mainfreight managing director Don Braid says he will take on more trucks and ships in the lead-up to what he expects to be record pre-Christmas volumes in New Zealand because KiwiRail doesn't have enough rolling stock to deliver services he expected as an investor alongside rail. Mainfreight said today first-half earnings in New Zealand rose 28 percent to $37 million as sales increased 6.1 percent to $288 million. The company says it is winning market share and volumes are rising in New Zeala...

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