Mainfreight Trading Update

Mainfreight Lane | off Saleyards Road | Otahuhu 1062 | New Zealand
Tel +64 9 259 5500 | Fax +64 9 270 7400
PO Box 14-038 | Panmure | Auckland 1741 | New Zealand
Supporters of
N
ZX MARKET RELEASE
17 March 2020
MAINFREIGHT LIMITED – TRADING UPDATE
Mainfreight Limited (NZX: MFT) advises that year-to-date trading, including results
from January, February and early March 2020, remains ahead of the prior year.
While we have seen a decline in air and sea freight to and from our Asian operations,
trading across other international trade-lanes, and domestically within New Zealand,
Australia and Europe continues at reasonable levels. More recently, China volumes
are re-emerging as factories and ports return to normal operations.
The Americas, while ahead of the prior year in our Domestic businesses, has had
greater exposure in our Air & Ocean business to Asia down-trading.
A
lthough we are heading into a period of uncertainty, the world’s freight trade-lanes
remain open. Our experience in China has given us some knowledge of how to
operate in this new environment. All 275 of Mainfreight’s branches world-wide are
open, and our team is moving freight and supporting the flow of supplies on behalf of
our customers.
O
ur full year financial results to 31 March 2020 will reflect an improvement on the
prior year.
E
nds
D
on Braid
Group Managing Director
Mainfreight Limited
2 Railway Lane, Otahuhu, Auckland 1062
PO Box 14038, Panmure, Auckland 1741
Email: don@mainfreight.com

MAINFREIGHT LIMITED
MAINFREIGHT – GLOBAL LOGISTICS