Main­freight posts record Aus­tralian per­for­mance

Australian Transport News - - CONTENTS -

New Zealand trans­port and lo­gis­tics gi­ant Main­freight has seen its Aus­tralian op­er­a­tion help power a record an­nual net profit re­sult

NEW ZEALAND TRANS­PORT and lo­gis­tics gi­ant Main­freight has seen its Aus­tralian op­er­a­tion help power a record an­nual net profit re­sult of NZ$107.9 mil­lion ( A$ 99.3 mil­lion), up from last year’s NZ$101.5 mil­lion.

The Aus­tralian op­er­a­tion brought in the most rev­enue in the 2017-2018 fi­nan­cial year af­ter trail­ing the core NZ mar­ket and the ‘Amer­i­cas’ op­er­a­tion in the pre­vi­ous year to March – gen­er­at­ing what Main­freight says was the best per­for­mance im­prove­ment of any coun­try in its net­work.

Aus­tralian sales rev­enue in­creased 16.6 per cent, up A$ 88.77 mil­lion to A$ 623.77 mil­lion, while earn­ings be­fore in­ter­est, tax, de­pre­ci­a­tion and amor­ti­sa­tion ( EBITDA) im­proved 18 per cent to A$ 49.92 mil­lion.

Main­freight says it plans to con­tinue its cap­i­tal in­vest­ment in new land and build­ings across Queens­land, New South Wales, Vic­to­ria, South Aus­tralia and Western Aus­tralia to cater for these lev­els of growth, which it says are “sus­tain­able”.

“New trans­port branches in place for Bendigo and Toowoomba (with Wol­lon­gong to fol­low), will ex­pand our reach into re­gional Aus­tralia, with to­tal branch lo­ca­tions through­out Aus­tralia now num­ber­ing 53,” it says.

“Tas­ma­nia and Far North Queens­land, as branch lo­ca­tions, re­main of high in­ter­est. New lo­gis­tics fa­cil­i­ties in Mel­bourne, Syd­ney and Perth will add a fur­ther 52,000 square me­tres to our ware­hous­ing foot­print, in­creas­ing pal­let ca­pac­ity to 187,100 pal­lets.”

The new sites in­clude ded­i­cated haz­ardous goods fa­cil­i­ties to com­ple­ment its spe­cial­ist haz­ardous goods trans­port busi­ness Chem­couri­ers, it says.

Main­freight made head­lines at home for the NZ$20.7 mil­lion “dis­cre­tionary bonus”, its largest ever and a payrise of 7.4 per cent, in “recog­ni­tion of the com­mit­ment and per­for­mance of our peo­ple”.

“In New Zealand and Aus­tralia, we have al­ways paid above the min­i­mum and liv­ing wage lev­els, how­ever we have cho­sen to fur­ther lift salaries for those at the lower end of our pay range, with an ad­di­tional boost over and above our usual an­nual salary in­crease this year,” manag­ing di­rec­tor Don Braid says.

“New lo­gis­tics fa­cil­i­ties in Mel­bourne, Syd­ney and Perth will add a fur­ther 52,000 square me­tres to our ware­hous­ing foot­print.”

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