Tag Archives: Mainfreight

Mainfreight, the global logistics company, intends mounting a compensation claim against the former owners of Netherlands-based Wim Bosman over the loss of a major customer. The company has “notified the former owner that it intends to bring a claim” but hasn’t started court proceedings, it said in a statement. Mainfreight bought Wim Bosman in 2011 for up to 120 million …

By Brierley Penn Understanding the key differences between the various cultural settings in which they operate has been integral to Mainfreight’s success in an increasingly globalized business environment. With a market capitalization of $1 billion, and 75% of their revenues coming from offshore sources, the company no longer considers themselves to be a purely New Zealand business. The company entered …

Mainfreight managing director Don Braid says he’s impatient to bed down the European business after tough trading conditions in the region wiped out the transport group’s full-year earnings growth. Europe was the only region to record a drop in earnings before interest, tax, depreciation and amortisation in the year ended March 31, the Auckland-based company said today. Total group EBITDA …

Mainfreight confirmed earnings growth stalled in its latest year, even as it achieved record sales, as the transport group struggles to bed down its European business in the face of a weak regional economy. Earnings before interest, tax, depreciation and amortisation fell 0.5 percent to $137.5 million in the 12 months ended March 31, in line with the company’s March …

Mainfreight managing director Don Braid discussed his vision for an expanded presence in China, the possibility of future acquisitions within Asia and the realities New Zealand companies face when doing business in China. The full article and video are available from the NZ Herald here.