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    MFT   NZMFTE0001S9

MAINFREIGHT LIMITED

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Mainfreight : We're expanding our Sydney Transport Operations

08/26/2020 | 07:31pm EDT

Over recent years we have seen significant growth in the volume of freight moving to and from our Sydney freight operation in Prestons. To ensure we can meet future growth requirements and improve service levels, we are delighted to announce that we will very soon be operating from a second Sydney transport branch located in Erskine Park.

This two depot strategy (that has worked very well for us in Melbourne) will provide our customers with greater pick-up and delivery flexibility. It will also ensure we have Mainfreight operations, customer service and sales team members located closer to our customers (both inbound and outbound).

Will there be any impact on current customer services?

Freight arriving into Sydney will be routed to the most convenient branch in Sydney for delivery. There is no change needed to the way our customers will consign freight or book pick-ups.

Location

34 Tyrone Place, Erskine Park

Our new site will be ideally located just off the M4 and M7 motorways providing convenient access to main arterial roads.

When is Erskine Park opening?

Inbound operations are scheduled to commence on the 7th of September 2020.

Disclaimer

Mainfreight Limited published this content on 27 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 August 2020 23:31:05 UTC


© Publicnow 2020
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Sales 2022 4 441 M 3 097 M 3 097 M
Net income 2022 264 M 184 M 184 M
Net Debt 2022 36,9 M 25,7 M 25,7 M
P/E ratio 2022 32,2x
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Mean consensus BUY
Number of Analysts 4
Last Close Price 82,00 NZD
Average target price 85,80 NZD
Spread / Average Target 4,64%
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Managers and Directors
Donald Ronald Braid Group Managing Director & Director
Tim Williams Chief Financial Officer
Bruce George Plested Executive Chairman
John Eshuis Manager-Group Information Technology
Bryan William Mogridge Independent Director
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