Latest Freight News

Lindsay Australia has crossed $1 billion in annual revenue for the first time, with underlying EBIT up 37.7% to $60.4 million. The logistics group is now turning from major network investment to extracting returns, even as softer freight volumes and lower horticultural yields cloud FY27.

Monster Beverage delivered a strong third quarter, with sales rising 16.7% to US$2.56 billion and international revenue climbing 28.1%. The trade-off was narrower margins as aluminium, freight, fuel, marketing and transformation costs increased.

James Hardie delivered a sharp rebound in second-quarter profitability, with continuing-operations sales up 24% and adjusted EBITDA up 44%. The building products group reaffirmed its FY27 earnings guidance, lifted its free cash flow target above US$650 million and accelerated debt reduction.

CF Industries delivered stronger third-quarter earnings and cash generation as nitrogen prices and volumes improved, while construction began on its US$3.7 billion Blue Point One project. The result was helped by favourable market conditions, lower realised gas costs and a US$62 million business interruption insurance recovery.

Grainger delivered a strong third quarter, with sales reaching US$5.2 billion and adjusted diluted EPS rising 22.8% year on year. The industrial distributor also raised its full-year 2026 earnings, sales and operating cash flow guidance.

Uber posted another quarter of 20% Gross Bookings growth, lifted non-GAAP earnings sharply and forecast continued momentum into the final quarter of 2026. The company also announced the departure of senior executive Jill Hazelbaker as it prepares to expand its driverless vehicle operations.

Expeditors delivered a sharp third-quarter acceleration, with revenue up 42% and diluted EPS up 62% as air and ocean volumes strengthened. Demand from AI infrastructure customers helped drive growth, but constrained capacity and Asian port disruption remain material risks.

Manuka Resources has restarted gold production at Wonawinta and reached full processing capacity after quarter end, marking the first operating revenues from the plant. The stronger production narrative is tempered by A$581,000 in cash, A$60.1 million of borrowings and a reported funding runway of just 0.37 quarters on the September cash burn.

Manuka Resources has moved Wonawinta from a five-month recommissioning effort into gold production, with first revenues received after quarter end and full processing capacity reached in October. The operational progress comes alongside A$60.1 million of borrowings, A$581,000 in cash and an Appendix 5B funding estimate of just 0.37 quarters.

Korvest expects its first-half FY27 trading result to come in significantly above the prior corresponding period and ahead of the stronger second half of FY26. The outlook follows record FY26 revenue, a growing order book and major investment in manufacturing capacity.

Spectur closed the September quarter with $762,000 in cash after a $1.10 million operating outflow, leaving it with an estimated 0.69 quarters of funding. The company is relying on cost savings, stronger seasonal receipts, collections of $1.1 million in receivables and a proposed $770,000 R&D tax credit advance to improve liquidity.

Bathurst Resources lifted first-quarter consolidated EBITDA to NZ$9 million, helped by stronger export coal pricing and improved North Island domestic earnings. The miner held its FY27 EBITDA guidance at NZ$30 million to NZ$40 million while advancing two projects that could extend its operating life by up to 20 years.