Mainfreight traded at 65.72 this Tuesday February 3rd, decreasing 0.78 or 1.17 percent since the previous trading session. Looking back, over the last four weeks, Mainfreight lost 4.16 percent. Over the last 12 months, its price fell by 6.48 percent. Looking ahead, we forecast Mainfreight to be priced at 65.87 by the end of this quarter and at 62.16 in one year, according to Trading Economics global macro models projections and analysts expectations.
Mainfreight Limited is engaged in the business of supply chain logistics. The Company provides a range of warehousing, domestic distribution, as well as international air and ocean freight services. The Company operates its business in over 240 branches in over 20 countries across the world. The Company operates in the domestic supply chain, which includes moving and storing freight within countries, and air and ocean freight industries, which includes moving freight between countries. The Company's geographical segments include New Zealand, Australia, The Americas, Asia and Europe. It provides a suite of services covering both import and export by sea and air, customs clearance, tariff classification, and costing and consultancy all operated in house. It also manages the specialized services, such as project logistics, bulk liquids, perishables, automotive, trans border and distribution. It provides a full door-to-door solution backed by full visibility from pick up to delivery.