Freightways Group Limited (NZSE:FRW) is looking for acquisitions. Chief Executive Mark Troughear said the group was looking for merger or acquisition opportunities on both sides of the Tasman. "But it's fair to say there are more opportunities in Australia at the moment.

There are quite a number of businesses which do similar things to Allied Express [express packages] so that's an area we can now explore in the near term it's probably more likely acquisitions will come out of Australia and be related to the express package business".