Freightways' earnings slump 9.5%, labour and rent costs bite

Big Chill Ruakura, temperatures down but rental costs up. (Image: Freightways)

Mon, 19 Feb 2024

It was a case of give and take for Freightways’ recently acquired Australian venture, Allied Express, which continued to deliver as the logistics and express courier group's top performer but also accounted for higher interest costs at the halfway stage.The oversize package specialist, which Freightways picked up in August 2022 for A$160 million (NZ$170m), contributed NZ$137m in revenue for the six months to December.That helped the dual Australian and New Zealand listed group's main express package and mail businesses &ndash...

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