Mainfreight half year revenues could be down $1b

Air freight is also likely to be impacted by the weak market. (Image: Mainfreight)

Mon, 06 Nov 2023

Transport and logistics bellwether stock Mainfreight is due for a "material decline" in profitability for the first half of the year, reflecting global customer destocking, Forsyth Barr says.In a research note ahead of this Thursday's interim results to September, the investment house said it expects to see volumes well down on the back of the weaker global freight environment.That reflects slower consumer off-take and supply chain destocking, particularly across Mainfreight's transport operations. At a market capitalisat...

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