Freightways provides an update on the impact of the Omicron variant of Covid-19 on their operations during March and April of the current financial year.
Express Package volumes were lower than the previous comparable period by 2%, due to customers' ability to consign goods and pressure points in the network.
The virus has also had a significant impact on the cost of operations, with 1,000 of the Freightways team contracting the virus and having to isolate on full pay.
The impact on earnings from Omicron is expected to be approximately $5-7m for the second half of the year, but Freightways is confident this can be mitigated with the implementation of their annual price adjustment on 1st July.
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