Mainfreight has released its latest annual report on the back of record results.
The company recently posted full-year net profit of $141 million. This is up $29m (26%) compared to the previous year’s earnings. Revenue was up 12.9% to $2.9 billion and EBITDA up 19.5% to $257 million in the period to March 31, 2019.
Mainfreight managing director Don Braid says the company is focused on controlling and expanding its global network.
In New Zealand, the company is leading the way with a network that extends into areas with populations of less than 25,000 people.
“As a result, delivery times and quality have improved, and we have been able to establish better, more responsive, relationships with our customers’ customer. Last mile delivery relationships are crucial to maintaining and increasing our market share in a competitive and changing marketplace.
“Whilst our customer network requires services to and from most trading nations, we have concentrated our efforts within the Mainfreight to Mainfreight country network. Again, letting us control quality, utilising our own people and infrastructure, and offering visibility through our technology across the end-to-end movement of freight.
“The combination of our three core products, domestic transportation, warehousing (managed logistics) and air & ocean freight forwarding, provides a full supply chain solution for our customers. This is supported by our technology which provides a portal for these customers where the full range of services, freight movements, stock holding and pick accuracy is available in real-time with dashboard status; this ‘warts and all’ transparency encouraging a greater degree of accuracy across all activities,” Braid says.
*Click here to read the full report.
