Freightways - FRE

[DarkHorse]

Can anyone connected with the industry shed any light on their current prospects?

[King1212]

Business is booming ....saw on the news FRE won an air contract.....no doubts few companies that will do well now

https://i.stuff.co.nz/business/12145...car-to-deliver

[King1212]

Evidence that freight companies made a killing....

My tenant is a courier driver. .own his franchise...said....4 times workload since level 4 lockdown...

https://www.nzherald.co.nz/nz/news/a...ectid=12330744

https://i.stuff.co.nz/business/prosper/your-stories/121456676/customers-receive-inedible-meat-as-couriers-struggle-with-flood-of-online-orders

[King1212]

Made a killing...like I said

https://i.stuff.co.nz/national/12148...elivery-delays

[macduffy]

Made a killing...like I said

https://i.stuff.co.nz/national/12148...elivery-delays

Yes, a lot of parcels but profitability will be affected by the restrictions on processing. To what extent?

[macduffy]

Yes, a lot of parcels but profitability will be affected by the restrictions on processing. To what extent?

A good, positive article. But we'll have to wait to see how profitable this period has been for FRE.

https://www.nzherald.co.nz/business/...ectid=12330812

[King1212]

With fuel record low....as that is the highest expenses....I can see they are winning

[kiora]

With fuel record low....as that is the highest expenses....I can see they are winning

Expense for the drivers or the company?

[King1212]

Some are owners...bought franchise...some drive the company fleet. ...

But all the trucks from big Chill n other trucks would benefit the company in such a low petrol price

If u look at Zel announcement of fuel consumption.... foodstuffs truck fuel....u can see how much fuel the foodstuffs used up every week.

[Southern Lad]

I presume most owner driver contracts pass the fuel price risk back to the freight company. Owner drivers are in no position to manage this risk or enter into hedging products.