UPDATE: Freightways 1H profit rises 22%; courier, mail growth offsets LitSupport costs

Sun, 19 Feb 2017

(Recasts adding comment from managing director) By Jonathan Underhill Feb. 20 (BusinessDesk) - Freightways, which has posted earnings growth every year except one since listing in 2003, says it expects the trend to continue through 2017 although the benefits of restructuring won't show up until the following year. The Auckland-based company typically doesn't give guidance although it said that both volumes and activity in the first half "support Freightways’ expectations of again improving its overall year-on-year performance". Profit...

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