Daily volume needs to pick up to be convincing?
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Daily volume needs to pick up to be convincing?
From BusinessDesk (paywalled):
https://businessdesk.co.nz/article/m...fc1a-402467359
Mainfreight half year revenues could be down $1b Transport and logistics bellwether stock Mainfreight is due for a "material decline" in profitability for the first half of the year, reflecting global customer destocking, Forsyth Barr says.
In a research note ahead of this Thursday's interim results to September, the investment house said it expects to see volumes well down on the back of the weaker global freight environment.
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Marketscreener consensus forecasts show only a 1/2 billion top line decline
Forbar really down in the dumps eh