Transport heavyweight Mainfreight has posted a solid full-year financial result, but international economic uncertainty is causing concerns.

Annual net profit was up nearly a third on the previous year - to  $274.3 million compared to $208.7 million.

Mainfreight General Manager Don Braid says the company's focused on business and what that means for customers around the world.

"We'll do whatever we can to keep the supply chains open for them."

LISTEN ABOVE

Transport heavyweight Mainfreight has posted a solid full-year financial result, but international economic uncertainty is causing concerns.
Annual net profit was up nearly a third on the previous year - to &nbsp;$274.3 million compared to $208.7 million.
Mainfreight General Manager Don Braid says the company's focused on business and what that means for customers around the world.
"We'll do whatever we can to keep the supply chains open for them."
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Don Braid: Mainfreight General Manager on the company's full year net profit going up a third on the previous year

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/d8ff1e4e-1844-4d38-a8e4-b2ec007052d6/transcript

There's hopes the war in Iran doesn't reverse gains in our retail sector by making shipping more expensive. 

Stats NZ data shows back-to-back increases in electronic card spending for January and February. 

Retail NZ chief executive Carolyn Young says it's not happened in a long time. 

She says it would be a shame if the conflict dampens the upward trend.

"Let's hope it's a short, sharp thing and we can get back to business as usual."

LISTEN ABOVE

There's hopes the war in Iran doesn't reverse gains in our retail sector by making shipping more expensive.&nbsp;
Stats NZ data shows back-to-back increases in electronic card spending for January and February.&nbsp;
Retail NZ chief executive Carolyn Young says it's not happened in a long time.&nbsp;
She says it would be a shame if the conflict dampens the upward trend.
"Let's hope it's a short, sharp thing and we can get back to business as usual."
LISTEN ABOVE

Carolyn Young: Retail NZ CEO on retail spending trending upward before Iran conflict

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/1b5ccc41-f04e-4150-a8ae-b40f00575ef4/transcript

The Government's yet to make a call on whether New Zealand would ease sanctions on Russian oil, as the Iran war affects shipments.

The US has eased some of its sanctions, as its barrage on Iran continues - alongside Israel.

Crude oil prices have skyrocketed since Iran stopped ships traversing the Strait of Hormuz.

Finance Minister Nicola Wills is urging Kiwis not to panic, as there's plans in place to keep households supported. 

LISTEN ABOVE

The Government's yet to make a call on whether New Zealand would ease sanctions on Russian oil, as the Iran war affects shipments.
The US has eased some of its sanctions, as its barrage on Iran continues - alongside Israel.
Crude oil prices have skyrocketed since Iran stopped ships traversing the Strait of Hormuz.
Finance Minister Nicola Wills is urging Kiwis not to panic, as there's plans in place to keep households supported.&nbsp;
LISTEN ABOVE

Barry Soper: Newstalk ZB senior political correspondent on Nicola Willis urging Kiwis not to panic over fuel shortages

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/97ffa38b-7ebd-41b1-ba4e-b40f00557df4/transcript

Over in Australia, fuel prices have surged, sparking debate over whether fuel needs to be rationed as the Middle East crisis continues.

Prime Minister Albanese has reassured consumers that petrol and diesel supplies remain unchanged and there's no need for anyone to engage in panic buying.

Australian correspondent Oliver Peterson says farmers are concerned about the fuel shortages ahead of the busy season.

LISTEN ABOVE

Over in Australia, fuel prices have surged, sparking debate over whether fuel needs to be rationed as the Middle East crisis continues.
Prime Minister Albanese has reassured consumers that petrol and diesel supplies remain unchanged and there's no need for anyone to engage in panic buying.
Australian correspondent Oliver Peterson says farmers are concerned about the fuel shortages ahead of the busy season.
LISTEN ABOVE

Oliver Peterson: Australian correspondent on the concerns that fuel stockpilers will create shortages

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/7a105724-add2-47cb-a647-b40f00525508/transcript

Don Braid: Mainfreight General Manager on the company's full year net profit going up a third on the previous year

In 1 playlist(s)

Heather du Plessis-Allan Drive

Social links

Follow podcast

Recent clips