interesting to read logistics companies reports as a barometer of the much wider economy. FRE confirming the situation that recovery is moderately strong, but not ecstatic, and seen as bounceback
I was expecting better things. All the other courier companies had a massive surge in volume as people shopped online. FRE had increased revenue not converted to profit. I have to dig in to the accounts further to work out where the extra costs came from.
It's a hold from me but I will review it over the next month...
Bookmarks