UPDATE: Mainfreight shares surge near record after annual profit climbs 36%

Tue, 27 May 2014

(Adds share price, broker comment and presentation slides.) By Paul McBeth May 28 (BusinessDesk) - Shares of Mainfreight surged back toward record levels after the transport and logistics group boosted annual profit 36 percent, helped by a settlement with the former owners of its Wim Bosman unit in Europe, and said it's focused on growing its global footprint on the way to becoming "a substantially bigger and better business." The stock climbed 8.4 percent to $14, just short of the $14.08 peak on May 9, making it the biggest gainer on...

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