Forsyth Barr stamps Freightways top transport pick

Courier parcel companies seen as a good bet. (Image: Freightways)

Tue, 20 Sep 2022

Freightways, Mainfreight and Port of Tauranga have emerged as Forsyth Barr’s top post-pandemic transport plays, while Auckland Airport has hit the skids for the investment house.Forsyth Barr's flavour of the month is courier company Freightways, on the back of strong financial results, recent market share gains and its well-choreographed trans-Tasman expansion.The firm's main competitor in the express service business is state-owned NZ Post, which operates CourierPost. In the couriered parcel space, where it has more than 40%...

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