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Don Braid: Mainfreight CEO on the company's profits plunging 42 percent

EPISODE · Nov 9, 2023 · 4 MIN

Don Braid: Mainfreight CEO on the company's profits plunging 42 percent

from Best of Business · host Newstalk ZB

Global logistics company Mainfreight has reported a significant slump in net profit and revenue. Their result shows profits declined 42 percent, to $124 million- after a successful 2022. CEO Don Braid says the company managed to have two really good years, as the company took advantage of unprecedented demand.   "We're now heading towards a more normalised trading environment, freight volumes are down dramatically from the nutty period where we had economic stimulus from Governments around the world." LISTEN ABOVE  See omnystudio.com/listener for privacy information.

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Don Braid: Mainfreight CEO on the company's profits plunging 42 percent

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