Move expects cash hit from Auckland lockdowns

Auckland lockdowns will stall Move's earnings. (Image: Supplied)

Mon, 20 Sep 2021

Move Logistics says its trading results for the half year will be materially impacted by covid lockdowns in Auckland and the longer they go on, the worse off the company will be.In its first market update since posting its annual results on Aug 26, the NZX listed freight and logistics firm said its fuel division had suffered the most from falling consumer demand as a result of covid shutdowns in the region.It said its freight division was also “feeling the impact of there being less goods in the overall system”.The announcement saw...

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