Freightways has reported a resilient full-year result, with operating revenue increasing by 7.8% to $2.8 billion.
Earnings before interest and tax were up 1.8%, but net profit after tax declined by 5.8%, mainly due to higher interest expense.
The company attributed its strong performance to its ability to win market share and diversify across different sectors.
Freightways said the challenging macroeconomic environment, with lower customer activity, particularly in an express package and temperature-controlled transport, had a significant impact.
However, it expressed optimism for the future, noting the reversal of the tight labour market and growth opportunities.
Freightways also highlighted the expansion of its network and the implementation of automation sortation systems in Australia.
The company's capital expenditure is expected to remain steady at approximately 3% of revenue.
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