Mainfreight Annual Report for year ended 31 March 2019
Annual Report 2019
We have never been more passionate, motivated or
excited about our journey, and the word that sums
that up, is INTENSITY.
The intensity of our people
Whether they’re in Masterton, Milan or Melbourne, we see
intensity in the way our people work. They’re making quick
decisions close to our customers. They share our purpose
and have the drive to keep us moving forward.
The intensity of our network
Every expansion into a new place, big and small, adds another link
to our network, exponentially increasing the connectivity, sparking
new opportunities and accelerating growth.
The intensity of momentum
On this 100-year journey, the determination of our people, the
strength of our culture and the pace that we are delivering on our
goals, is exhilarating.
Our intensity has
never been greater
It’s a hell of a ride!
SAI SALELESI – Epping, Australia
NOTICE OF MEETING Notice is given that the annual meeting of shareholders of Mainf reight Limited will be held
at 4.00pm on Tuesday 30 July 2019 at the Barrel Hall, Villa Maria Estate, 118 Montgomerie Road, Mangere, Auckland.
Full details, including the Meeting Agenda, are contained in the separate Notice of Meeting and Explanatory Notes
accompanying this report, and are also available on the Company’s website, www.mainf reight.com or by scanning
the QR code to the left.
Contents
6
PERFORMANCE
Key Achievements
8
Chairman’s Report
10
Group Managing
Director’s Report
22
Targets, Performance
& Achievements
24
10-Year Snapshot
of Growth
26
OUR BUSINESS
Our Global Network
28
Q + A with Don Braid
30
Operating Statistics
32
Network Intensification
34
Technology
36
100 Years From Now
38
Capital Expenditure
40
PEOPLE AND
COMMUNITIES
Our People
56
Environment
58
Mainfreight in the
Community
60
GOVERNANCE
AND LEADERSHIP
Corporate Governance
Statement
64
Our Leadership Team
70
Directors’ Report
72
Our Board of Directors
77
FINANCIAL
Income Statement
78
Balance Sheet
79
Statement Of
Changes In Equity
80
Cash Flow
Statement
81
Notes To Financial
Statements
107
Auditor’s Report
111
Statutory Information
114
Interests Register
115
Five Year Review
116
Glossary
117
Directory
$141.1m
8079
Team Members
$2 57.1m
260
24
Countries
Branches
506
$2.95b
2
13
Top 500 customers
using multiple divisions*
6.527.2
Discretionary Bonus Paid
to Team Members ($m)
Group Operating Revenue
PERFORMANCE Key Achievements: 2019
6
FINANCIALBUSINESS AND PEOPLE
12.9%
26.0%
Group Net Profit Before Abnormals
Total Assets
$1.50b
19.5%
Group EBITDA
50
40
30
20
10
0
201820192018201920182019
3 Divisions
2 Divisions
1 Division
31%
42%
27%
40%
28%
32%
* Transport / Warehousing / Air & Ocean
7
200
150
100
50
0
1500
1200
900
600
300
0
RETURNS AND RATIOS
56cps
Total Dividend
140cps
Adjusted Earnings Per Share
LAST 10 YEARS
27.9%
Average Annual Return
on Investment
13.5%
Gearing Ratio
FINANCIAL SEGMENTS
Revenue by Division NZ$m
Transport
20182019
Warehousing
20182019
Air & Ocean
20182019
EBITDA by Division NZ$m
Transport
20182019
Warehousing
20182019
Air & Ocean
20182019
Net Profit
NZ vs Offshore
20192018
NZ
43.4%
NZ
47.6%
Offshore
52.4%
Offshore
56.6%
8
PERFORMANCE Chairman’s Report
Our push to globalisation began in
1989 in Sydney, followed by Melbourne
in 1990 and Brisbane in 1991. Since
that time we have grown into a global
business, operating in 24 countries,
with 260 branches and a combined
team of 8,079 people.
Some important numbers that are
worthy of comment:
>Our global sales were just under
$3 billion. Looking back, we first
achieved $1 billion sales in 2009,
six years later in 2015 we achieved
$2 billion, and now four years later
in 2019, we have all but achieved
$3 billion. That represents weekly
global sales of $56.8 million
($50.3 million in 2018).
>Our income tax payable for the year
is $54.5 million ($45.4 million in
2018).
>Another interesting number is the
increase in EBITDA for the year,
of $42 million. Of this increase,
$30 million was generated by
our offshore businesses, and
only $12 million from within
New Zealand. It is easy to see that
our strategy of global growth will
progressively bring rewards as we
mature, and gain more acceptance
in those countries beyond
New Zealand.
One of the modern problems of the
Western World is the perceived increase
in inequality and low wages growth,
leading to a belief that the capitalist
system is failing.
Could one of the solutions to these
perceptions be in the hands of the
business community?
It is a basic premise of capitalism to
have the lowest possible input costs, but
there is no particular premise that the
enterprise, if successful with its strategy,
must hold on to all the profits. This
may be a flaw in the interpretation of
the capitalist model that is contributing
to inequality.
Could it be that a sharing of a
percentage of the profits, amongst the
people who helped create them, should
be an essential part of capitalism?
Mainfreight believes that a significant
factor in its financial success has come
about through a profit sharing formula
with the people who have helped
create that success. Our discretionary
annual bonus, payable to qualifying
team members in all branches, is
$27.2 million ($20.7 million in 2018).
This year our favourite charity, “Duffy
Books in Homes”, will celebrate 25
years of giving books to children
in lower decile schools, and early
education centres. This year will see
Duffy Books in New Zealand give the
13-millionth book to a lucky child.
Duffy Books in Homes works out of
Mainfreight premises in New Zealand,
Australia and the USA. We are always
seeking new sponsors and if you,
like me, believe that education is the
solution to most of our ills, please
contact them (details are provided
on page 58).
To our Mainfreight teams around
the world in 24 countries and 260
branches, thank you for our success
and your superior performance. Know
that the job you do and the life you lead
is important. Care for each other, and
enjoy the journey.
Kia Kaha
Aroha Nui
Bruce Plested JUNE 2019
Mainfreight has been a stalwart of our investment portfolios for years,
and we don’t see that changing any time soon. The company has an
excellent track record of consistent earnings and dividend growth,
while there is no shortage of future potential. Mainfreight has proven
to be an innovative, strategically astute, well-managed company with
a very strong culture.
From Craig’s Investment Partners – News & Views – April 2019.
9
10
PERFORMANCE Group Managing Director’s Report
DON BRAID GROUP MANAGING DIRECTOR
The benefit of our network
development strategies is
reflected in our results.
For 41 years we have been building a long-term, sustainable
supply-chain business built on a simple premise: provide
high levels of service that exude quality with a passionate,
motivated team of people, who have the ability to take
responsibility for their own efforts in meeting our customers’
expectations.
In taking this approach it became apparent that to deliver
these services, we could only do so if our team was connected
end-to-end. We could not rely on agents or others to replicate
our own passion and quality across the supply chain. We
realised that we must control and expand our network; an
intensive network, within cities, within countries and of
course, between countries.
The benefit of this network development across our three
core products – domestic transportation (Transport),
managed logistics (Warehousing), and international air and
ocean carriage (Air & Ocean and CaroTrans) – is reflected in
our ever-improving results.
The results of the past year are no exception and are our best
ever. Revenue growth of 12.9% to $2.954 billion; EBITDA
of $257.05 million and a net surplus (before abnormals) of
$141.09 million. Abnormal costs after tax are $3.46 million,
and consist of European brand name write-down of
$2.93 million, with the balance attributed to restructuring in
Europe and the Americas.
A satisfactory result – and reflective of those core network
and quality strategies, implemented by a wonderful team of
very motivated people.
Network intensification is more prominent in our Transport
business units, particularly so in New Zealand, followed by
Australia, the Americas and then our European operations.
In Asia, we remain focused on international air and sea
freight operations, with a small amount of outsourced
warehousing.
2018
112,004
12.9%
Revenue
MAINFREIGHT GROUP
OPERATING RESULTS NZ$000
2019
2,954,087
2018
2,616,700
2019
141,084
GROUP NET PROFIT
BEFORE ABNORMALS
GROUP
REVENUE
11
PERFORMANCE Group Managing Director’s Report, CONTINUED
Each of our regions is
charged with managing local
opportunities and challenges
12
This process of building intensity in our network of Transport
operations has seen our influence increase across every region
in New Zealand. We now have a branch network second to
none, and it extends from urban centres into regional areas
with populations less than 25,000.
As a result, delivery times and quality have improved, and
we have been able to establish better, more responsive,
relationships with our customers’ customer. “Last mile”
delivery relationships are crucial to maintaining and
increasing our market share in a competitive and changing
marketplace.
The benefits of this strategy are seen in the overall
New Zealand results, where revenue increased 7.9%
to $718.79 million and EBITDA is up 12.2% to
$110.56 million.
Our Australian Transport operations have similarly benefited
from an increase in network coverage, as we open more
urban and regional branches, securing a greater share of the
market and delivering improved quality freight services. It
is apparent that, in order to service the larger metropolitan
cities like Sydney, Melbourne and Brisbane, multiple
Transport operations are required to combat congestion,
reduce total kilometres travelled, and deliver on time.
Our Australian business improved revenue
by 13.9% to AU$710.17 million and EBITDA
to AU$55.37 million, up 11.0%.
In the Americas, our Transport operations are focusing on
a defined day delivery strategy for LCL freight. Currently,
the network is largely confined to the main cities, where
we pick up, handle, line-haul and deliver our customers’
consignments on blue trucks, rather than outsourcing to
outside operators. Such is the size of the opportunity in this
region, the growth of our network will remain urban-focused
until we have acceptable utilisation and sufficient freight
sales in these core city centres to support expansion into
the regions. As in New Zealand and Australia, the larger
metropolitan areas will likely require multiple hubs to
eliminate inefficiency.
In the Americas, we have improved overall
profitability, with EBITDA up 37.2% to
US$26.11 million and revenues improving 13.5% to
US$493.86 million.
Our European Transport network has a strength in Western
Europe, and is supplemented with agency relationships in
nations where we are yet to establish a domestic transport
presence. As we further increase sales growth and find
ongoing profitability, it is our intention to strengthen and
develop our footprint within countries, the Netherlands as
an example, and move into new countries like Spain, Italy
and Germany. To do so will take time and effort and will be
dependent on sales growth and customer support.
Our European operations saw revenues improve
12.0% to €376.28 million and EBITDA up by 30.9%
to €23.26 million.
With the international freight focus in Asia, we are some
way off establishing dedicated domestic transport operations
and rely on known local providers to meet customer
requirements.
In Asia, we have improved overall profitability,
with EBITDA up 28.2% to US$6.31 million however
revenues were down 11.2% to US$74.45
million. Revenue declined as a result of exiting
non-profitable wholesale air freight relationships,
and the completion of a number of project
customers.
13
Transport, Warehousing and Air & Ocean
Group NZ$000
EBITDAREVENUE
2018
2,616.7
2019
2,954.0
215.1257.0
20192018
12.9%
10.8% excl FX impact
Revenue
19.5%
18.0% excl FX impact
EBITDA
Transport, Warehousing and Air & Ocean
New Zealand NZ$000
EBITDAREVENUE
2018
666.0
2019
110.6
2018
98.5
2019
718.8
7. 9%Revenue
12.2%EBITDA
Transport, Warehousing and Air & Ocean
Europe EU€000
EBITDAREVENUE
2019
23.3
17.8
2018
2019
376.3
336.1
2018
30.9%EBITDA
12.0%Revenue
Transport, Warehousing and Air & Ocean
Australia AU$000
49.9
2019
55.4
2018
623.3
20182019
710.2
EBITDAREVENUE
11.0%EBITDA
13.9%Revenue
Air & Ocean
Asia US$000
EBITDAREVENUE
74 .45
83.86
20182019
28.2%EBITDA
2019
6.31
4.92
2018
11.2%Revenue
Transport, Warehousing and Air & Ocean
Americas US$000
EBITDAREVENUE
37.2%EBITDA
2019
26.1
19.0
2018
2019
493.9
435.3
2018
13.5%Revenue
Working closely in conjunction with our domestic Transport
division, we have third-party Warehousing (managed
logistics). In total, across all regions, we have 679,225m
2
of owned and leased warehouse facilities, providing
approximately 683,370 pallet spaces.
Product is held on behalf of our customers, providing them
with a variable cost structure, underpinned by high quality
facilities, pick and pack activities, and managed via our own
warehouse management technology.
Utilisation and activity within these warehouses is crucial
to profitability and to our expansion. Just as we intensify
our Transport networks, so we do with our Warehousing.
Multiple sites per city and country as customers are attracted
to our offering.
As part of the supply-chain relationship with our customers,
it is an expectation that inbound and outbound freight
movements to and from the warehouses are completed
through our own transport network. This is already well
supported in New Zealand and Australia, and is being
targeted with a degree of success in the Americas and Europe.
It is our intention that as our competency in domestic
transport improves across these larger regions, we will offer
similar services to those customers occupying our facilities.
Rounding out our supply chain management is our Air &
Ocean international product. Here we are offering customers
our expertise in the management of air freight consolidation
services, and sea freight full container and less-than-container
transport services across the globe.
Paired with our export/import documentation activities, we
provide our customers with a global trading platform.
We continue to experience growth in this area, moving in
excess of 340,000 TEU container movements by ocean, and
more than 127 million kg of air freight over the past year.
PERFORMANCE Group Managing Director’s Report, CONTINUED
14
Our Transport, Warehousing
and Air & Ocean operations
provide our customers with
a global trading platform.
DEE RIDGEWAY – Dallas, USA
15
Whilst our customer network requires services to and from
most trading nations, we have concentrated our efforts
within the Mainfreight to Mainfreight country network.
Again, letting us control quality, utilising our own people
and infrastructure, and offering visibility through our
technology across the end-to-end movement of freight.
By adopting the same collaborative approach that we have
with our customers, to the ocean carriers and airlines,
we have been able to achieve improved service levels and
competitive positioning when compared to industry players
of much greater scale. Partnerships have been entered
into with two of the world’s largest shipping companies,
providing confidence in supply for the long term.
Throughout the year, there has been a strong focus on
increasing our LCL consolidation activities across the global
Air & Ocean business, improving margins and increasing
services. In addition to our retail sea freight business, our
wholesale sea freight division, CaroTrans, has improved both
its returns and processes, and has established a stronger
network in Asia, particularly China.
In four of our five geographic regions, we have improved
revenues (aside from Asia) and all five regions have
improved profitability in our Air & Ocean segment, which
we believe offers the greatest potential for future growth.
Due to the asset-light nature of the Air & Ocean product,
these operations can be quickly implemented and provide
the base to extend our broader presence in new countries.
During the past year we have opened Air & Ocean
operations in Malaysia and Japan, and extended our
German operations to a second location (Hamburg).
As we find growth in this segment and control more freight
in and outbound to a particular country or region, so it
allows us to establish another foothold. Regions that are
currently under consideration using this formula, are Korea,
Scandinavia and the Middle East.
The combination of our three core products, Domestic
Transportation, Warehousing (managed logistics) and
Air & Ocean freight forwarding, provides a full supply
chain solution for our customers. This is supported by our
technology which provides a portal for these customers
where the full range of services, freight movements,
stock holding and pick accuracy is available in real-time
with dashboard status; this “warts and all” transparency
encouraging a greater degree of accuracy across all activities.
PERFORMANCE Group Managing Director’s Report, CONTINUED
16
We have been able to achieve
improved service levels and
competitive positioning when
compared to industry players
of much greater scale.
STEFANO TAHI – Prestons, Australia
17
When combined with our global footprint, our offering
becomes multi-national.
Our top 500 customers currently account for 56% of our
total revenue; of these only 31% currently trade across all
three divisions, demonstrating the potential for further sales
growth within our current customer base.
Upskilling our people to have the ability to knowledgably
review the full scope of our products and global network
with our customers remains a priority for the business, and
will remove the silo impediment that can result from teams
separated by disciplines and/or geography.
Intensifying our network does not happen without significant
capital investment, particularly as we require high-quality
facilities that enable our team to provide the very best of
service to our customers, and where they feel comfortable and
well looked after, in an environment that is safe and efficient.
We have always recognised that it is the performance of our
people that is fundamental to our success. Our culture, or
“the way we do things around here”, is central to all that we
do and stand for.
Our current network consists of 124 Domestic Transport
facilities, 93 Air & Ocean branches and 43 Logistics
warehouses.
Our capital expenditure requirements to increase our
owned property infrastructure over the next two years will
approximate $350 million, providing additional Domestic
Transport branches, upgraded Air & Ocean operations
and Logistics warehouses. In addition, a number of leased
facilities will be engaged to provide short-term capacity.
Owned facilities are mostly located in New Zealand and
Australia where we better understand scale and geographical
locations. Leased facilities are utilised in areas requiring
short-term growth, and in those regions we are yet to
understand well enough or earn enough to invest capital.
This past year has been satisfying in terms of financial
performance when viewed relative to prior periods; a record
result. It is however, just one more step towards our long-
term strategic intent of improved returns across a global
business. We are very proud to have reached this point in our
journey, albeit knowing full well we have much more to do.
As a shareholder, customer, or one of our valued team
members, please enjoy the information provided in this
document, outlining our financial performance to date, and
our objectives for the future.
DON BRAID JUNE 2019
PERFORMANCE Group Managing Director’s Report, CONTINUED
18
We are very proud to have
reached this point in our
journey, albeit knowing full
well we have more to do.
CAITLIN GRICE – Los Angeles, USA
19
To connect every point of
the network and deliver
end-to-end service.
We are striving to be in more places,
with a meaningful reason for being there:
PERFORMANCE
20
AURELIAN ENE AND STEFANIA NEAGU – Ploiesti, Romania
21
2018 PAST YEAR
TargetStatus
Additional land purchased for network development in
New Zealand and Australia
Land identif ied and purchased/leased in Auckland,
Tauranga, Melbourne, Adelaide, Brisbane, Sydney
Americas has revenue of US$500 million earning a rate of return
of 7%
Current revenue at US$494 million, with ROR target likely
to take more time
Our American and European interests earn more prof it than our
Australian and New Zealand operations
Unlikely for some time, given the strength of the
Australasian businesses
Sales revenues exceed $3.0 billion
Revenues for the 2019 f inancial year are $2.95 billion.
With rounding, we perhaps could be rewarded with
a pat on the back!
European revenues exceed €500 millionThis year’s revenues at €376 million
Pre-eminent supply chain logistics business for Australasia,
with New Zealand and Australian exporters and importers
supporting us around the world
We would humbly suggest that we are well considered in this
arena, and we continue to intensify our network to provide
further supply chain eff iciencies
Our Australian domestic network has branches in every major
city and town, all operating prof itably
We now have 55 branches across the Australian continent,
with Tasmania and Northern Queensland under consideration
Begin to invest capital in the American market to build suitable
inf rastructure to support our growth and quality ambitions
Likely f rom 2022 onwards; f inancial and operational
performance need to improve before we invest capital
Have at least 50% of revenues in Asia developed in-country
Currently 31% (up f rom 24% prior year); not likely to be
achieved until 2020 onwards
Asia network well established and positioned in and around
ports and airports rather than off ices in central city locations
Our network continues to expand; now in 8 countries with
21 branches. Airf reight locations have been secured/occupied
for Guangzhou, Beijing, and Hong Kong
European Air & Ocean network extended to ItalyCompleted with Milan branch opened late 2017
2019 CURRENT YEAR
TargetStatus
Our Australian prof it exceeds that of New ZealandNot likely to be achieved until after 2021
Over 300 branch locations around the worldCurrently 260
500,000 TEUs moved by sea globallyCurrently 342,741 TEUs (up 10.0% f rom last year)
100 million kg of air f reight moved globallyCurrently 127.4 million kg (in line with last year)
USA prof itability improved and revenue growth back to
satisfactory levels
Revenue growth improving, albeit slowly, and EBITDA up 37.2%
in 2019
Increased number of Air & Ocean branches in Germany to at
least 6
Branch opened in Hamburg, and planned for Munich in
2020 f inancial year; it will take longer to establish additional
branches
Our global warehousing footprint to exceed 750,000m
2
Currently at 679,225m2 (up 10.6% f rom last year)
Land & Building projects underway in New Zealand, Australia,
Europe and the USA
Completion of most through 2020 & 2021. This remains on
track with property projects in all main centres underway, in
planning, or waiting for resource consent
22
PERFORMANCE Targets, Performance and Achievements
23
LONG RANGE 2021
TargetStatus
$4 billion of sales revenueWouldn’t this be nice!
Our global network further extended Intensif ication of our network remains a core strategy
Our information technology contributing prof itability via the
sale of our visibility software tools
Digitisation of our customer solutions continues to be
developed
Over 10,000 team members around the worldCurrently 8,079
Warehousing footprint exceeds 1,000,000m2Currently 679,225m2
Mainf reight 2Home is well established and prof itable
in Australia
Mainf reight Korea is openedCurrently under consideration
Mainf reight is established in Scandinavia, Spain and the
Middle East
Currently under consideration
Top 500 customers trading across all 3 divisions increases to
40%
Currently 31%
Top 500 customers trading across all 5 regions increases to 20%Currently 5%
2020
TargetStatus
Over 400 branches globallyA stretch – more likely to be 2022
Our network extends across 30 countries worldwideCurrently in 24 countries
South America and Middle East locations and network well
developed
We continue to be interested in developing our South
American, and now Middle East, presence
Our Asian business is making similar prof its to that of the
Americas
Unlikely, providing our Americas business meets our
expectations
Our supply chain solutions extend across all our networks,
including Asia
Asian focus is on Air & Ocean
Chemcouriers in Australia is well established and recognised
as the pre-eminent hazardous f reight provider to the nation
On track, in conjunction with our dangerous goods
warehousing capability
Establishment of a global perishable airf reight business
Underway with operations in New Zealand and Australia, and
under consideration in the USA
Strong emphasis on improving trade with our Top 500
customers to all 3 divisions and all 5 regions
Currently 31% of our top 500 customers trade across our
3 divisions, and 5% trade with us in all 5 regions
2023
Target
Warehousing footprint continues to increase
Domestic locations are increased in each country to provide more
eff icient delivery of domestic f reight
In excess of 50% of our customer base are utilising all three
cornerstone products – Domestic f reight, Air & Ocean, and Logistics
Air & Ocean commitments received f rom the majority of our
warehouse customers
2022
Target
Established in 50 countries including on the continents of
Af rica, South America and the Indian sub-continent
Our coverage extends to all countries in the European Union
Our customer-focused culture attracts many large multi-
nationals across their full supply chain requirements
Network intensity sees more facilities across Europe, Americas
and Australia
Asia has more than 40 branches
24
PERFORMANCE 10-Year Snapshot of Growth
BEFORE ABNORMALS ($000)
Group ProfitGroup Revenue
($000)
Group EBITDA
3,000,000
2,500,000
2,000,000
1,500,000
1,000,000
500,000
0
($000)
10 11 12 13 14 15 16 17 1819
300,000
250,000
200,000
150,000
100,000
50,000
0
10 11 12 13 14 15 16 17 1819
These 10-year figures
are indicators of our
past performance and
the increasing intensity
of growth.
150,000
120,000
90,000
60,000
30,000
0
10 11 12 13 14 15 16 17 1819
25
CountriesBranches TotalTeam Members
25
20
15
10
5
0
300
250
200
150
10 11 12 13 14 15 16 17 1819
10,000
8,000
6,000
4,000
2,000
0
10 11 12 13 14 15 16 17 181910 11 12 13 14 15 16 17 1819
STEVEN VERISSIMO AND DRIES PINOY – Newark, USA
1,789 TEAM MEMBERS
AU$710.2m REVENUE
AU$55.4 m EBITDA
55
OUR BUSINESS Our Global Network
Each new branch we open, exponentially increases the number of points
we can ship between. This enhances our ability to attract and service
global customers, who trade across our geographical network.
Our Network Model
› Decentralised. Provide services where our
customers need them
› Offer fully integrated, end-to-end service
› Retain freight in our network
› Control quality, consistency and service
How We Add Value
› Flexibility to tailor business solutions
› Quick decisionmaking on the ground, close
to customer
› Real-time visibility to customer
› Use most efficicient combination of modes
› Pro-actively optimise customers’ supply chain
26
2648 TEAM MEMBERS
41
EU€376.3m REVENUE
EU€23.3 m EBITDA
Europe
BRANCHES
Australia
BRANCHES
27
New Zealand, Australia, USA, Canada,
Mexico, Chile, China, Hong Kong, Taiwan,
Singapore, Thailand, Vietnam, Malaysia,
Japan, Netherlands, Belgium, France,
Germany, Romania, Poland, Ukraine,
Russia, United Kingdom, Italy
Branches
260
Countries
24
TO BECOME OUR CUSTOMERS’ SINGLE
SUPPLY CHAIN PARTNER, GLOBALLY.
Our Ambition
384 TEAM MEMBERS
US$74.4m REVENUE
US$6.3m EBITDA
896 TEAM MEMBERS
65
US$493.9m REVENUE
US$26.1m EBITDA
The Americas
BRANCHES
21
Asia
BRANCHES
2,362 TEAM MEMBERS
78
NZ$718.8m REVENUE
NZ$110.6m EBITDA
New Zealand
BRANCHES
Q You’re competing
with major global
operators in markets
like Europe, Asia and
the Americas. What is it
that customers say, gives you the edge?
We are different; our people make decisions and
take responsibility. This style of doing business is
refreshing.
Q One of Mainfreight’s greatest
strengths is its Kiwi-centric culture.
How is this being spread across the
different regions?
It is not a Kiwi-centric culture, it is Mainfreight’s
culture; it just happened to have its origins in
NZ. Our culture remains a key component of our
success, and at every opportunity we are working
hard to ensure all our people live it every day.
Q As the business expands, how is
Mainfreight growing its next generation
of leaders, globally?
Succession is important; it will allow us to expand
into more branches and more countries. Promotion
from within, entrusting responsibility, allowing
decisions to be made as close to the customer as
possible, all assists our leadership development.
Q What is inhibiting the pace and
extent of Mainfreight’s growth?
The only inhibitor for us is ourselves. Have we
taken the opportunities that have been presented?
Do we have the energy and passion to take
advantage of the growth available?
Q What do you see as the biggest
disruptors in the logisitics industry in
the next two years? What opportunities
do they present?
Supply chains continually evolve, looking for greater
efficiency and points of difference. We have seen a
variety of disruptors over many years and expect to
see more. At all times we have embraced changes
that enhanced our service, and expect to continue
to do so. It is likely to be evolutionary, rather than
revolutionary.
Q What keeps you up at night?
Just how significant could Mainfreight become, and
the fun it will be, to be a part of the journey.
OUR BUSINESS Q + A with Group Managing Director, Don Braid
28
MICHAEL BEEKWILDER – Zaltbommel, Europe
29
30
OUR BUSINESS Operating Statistics
Transport Loading Errors
Information Technology
Transport Statistics
Air & Ocean Statistics
LOADING ERRORS PER
100 CONSIGNMENTS
2,447,916
2,346,179
Total Tonnes
20182019
210,085
211,796
Total Tonnes
20182019
Total Consignments
4,102,449
3,921,983
20182019
Total Cubic Metres
7,110,496
6,865,638
20182019
Delivery Performance
#
92.5%
86.3%
20182019
Total Consignments
1,699,516
1,658,530
20182019
Total Cubic Metres
1,142,128
1,096,989
Total Tonnes
20182019
4,068,088
3,919,161
20182019
Delivery Performance
#
90.2%
92.4%
20182019
Total Consignments
210,035
209,800
20182019
Delivery Performance
#
93.6%
93.0%
20182019
* Delivery performance impacted by
earthquake disruption in prior year
3,549,198
3,211,903
Total Tonnes
20182019
Total Consignments
1,957,676
1,913,873
20182019
Total Cubic Metres
10,501,080
8,519,438
20182019
Delivery Performance
#
93.7%
91.5%
20182019
#
The need to standardise our
Domestic f reight quality statistics is a
key priority for our USA and European
business units.
Transport Claims
CONSIGNMENTS FOR 1 CLAIM
Claims New Zealand
2015471 consignments
2016461 consignments
2017529 consignments
2018*498 consignments
2019528 consignments
The way our claims are measured was
changed in the 2016 year, to include all
small claims settled by direct credit.
* Figures for 2018 are inclusive of
signif icant inter-Island tonnages being
trans-shipped via our pop-up Spring
Creek operation due to earthquake.
Claims Australia
20169,414 consignments
20174,725 consignments
20182,952 consignments
20192,943 consignments
2016 was our f irst year of calculating
Claims statistics for Australia with the
introduction of our Quality Assurance
Programme (QAP). The reduction in
the measure in the following years
reflects a greater understanding of the
benef its of the QAP by our Australian
customers. We expect to see the
f igure trend down as it becomes more
widely accepted, before increasing
with ongoing quality improvement
initiatives.
Claims Americas
20171,000 consignments
2018408 consignments
2019404 consignments
2017 was our f irst year reporting for
USA; subsequent improvement in
measuring our claims KPI has provided
greater accuracy.
Claims Europe
20191,013 consignments
2019 is our f irst year of calculating
claims statistics in Europe.
This YearLast Year
Information
Technology
Spend
$56.99
million
$52.19
million
As a % of
Revenue
1.93%1.99%
Percentage of consignment notes
received electronically
This YearLast Year
New Zealand90.4%89.3%
Australia95.8%95.9%
Americas41.9%43.1%
Europe90.9%90.1%
Percentage of Logistics orders
received electronically
This YearLast Year
New Zealand99.1%98.7%
Australia99.0%99.4%
Americas99.9%99.8%
Europe98.6%99.3%
IATA Ranking
This YearLast Year
NZ
1st1st
AU
8th7th
US
29th29th
This YearLast Year
Airf reight Inbound
and Outbound (kilos)
127,417,585127,173,601
Seaf reight Inbound
and Outbound (TEU’s)
342,741311,586
Customs Clearances188,155199,916
New Zealand
Americas
Europe
Australia
New ZealandAustraliaEurope
20141.833.24-
20152.642.91-
20162.414.37-
20173.743.93-
20183.945.99-
20194.934.071,94
31
Warehousing StatisticsPeople
New Zealand (NZ$)
This YearLast Year
Inventory Record Accuracy (IRA)
98.0%98.0%
Facility Utilisation
90.0%85.0%
Warehousing Footprint
150,500m2145,000m2
Domestic Consignments Generated
403,846421,956
Value of Domestic Consignments Generated
$38.9 million$38.8 million
Percentage of Domestic Freight
8.5%9.2%
Australia (AU$)
This YearLast Year
Inventory Record Accuracy (IRA)
98.4%98.6%
Facility Utilisation
86.0%96.0%
Warehousing Footprint
146,700m
2
113,071m
2
Domestic Consignments Generated*
369,772314,340
Value of Domestic Consignments Generated
$62.3 million$46.4 million
Percentage of Domestic Freight
20.3%18.6%
Americas (US$)
This YearLast Year
Inventory Record Accuracy (IRA)
92.9%91.9%
Facility Utilisation
74 .0%72.0%
Warehousing Footprint
59,500m
2
59,500m2
Domestic Consignments Generated
8,2966,552
Value of Domestic Consignments Generated
$3,567,404$2,338,477
Percentage of Domestic Freight
2.1%1.5%
Europe (EU€)
This YearLast Year
Inventory Record Accuracy (IRA)
99.96%99.94%
Facility Utilisation
95.1%97.0%
Warehousing Footprint
322,525 m2296,466 m2
Domestic Consignments Generated
1,137,468918,954
Value of Domestic Consignments Generated
€42.1 million€ 33.1 million
Percentage of Domestic Freight
20.4%17.8%
Outbound Accuracy
99.88%99.93%
Mainf reight’s level of IRA measures location count, inventory condition, systems
alignment to inventory count, product integrity, total inventory count.
TRAINING AND HR SPEND
This YearLast Year
Training and
HR Spend
$11.88
million
$10.23
million
As a % of Revenue0.40%0.39%
GENDER RATIOS
MaleFemale
New Zealand71%29%
Australia62%38%
Asia41%59%
Americas60%40%
Europe 74%26%
Total Group67%33%
If we remove Owner Drivers and EU Drivers
f rom the calculation, gender ratios are 59%
Male and 41% Female.
TEAM NUMBERS
This YearLast Year
New Zealand2,3622,272
Australia1,7891,741
Asia384347
Americas896805
Europe2,6482,408
Total Group8,0797,573
Debtors Days Outstanding
This YearLast Year
Debtors Days
Outstanding
38.3437.52
FEMALE BRANCH MANAGERS GLOBALLY
46
37
20182019
31
27
20162017
What network
intensification looks like
We locate our facilities around the
world, as close to our customers
as possible. Investment in this
decentralised model extends the
reach of our physical network and
increases our ability to provide a
faster, more efficient service both
locally and globally.
FOR EXAMPLE IN NEW ZEALAND:
What: Secured 3.6 hectares of land in Hobsonville,
West Auckland in November 2018.
Why: This location will enable us to service our customers
in West and North Auckland from a local base, instead of
relying on facilities an hour’s drive away. It places our people
closer to our customers and reduces our reliance on the
congested South and central Auckland arterial routes.
The Hobsonville facility will also free up capacity in our South
Auckland branches, which in turn, allows for growth across
the greater Auckland region.
When: Completion of 18,240m
2
freight terminal by
early 2021.
32
OUR BUSINESS Network Intensification
HOBSONVILLE, Auckland
Our West Auckland development
is typical of our intensification
strategy internationally, with
branches/sales offices recently
opened in Bendigo, Ballarat and
Geelong in Australia; Fukuoka
and Nagoya in Japan; and Hanoi
in Vietnam with further branches
planned around the world.
THE KEY TO NETWORK INTENSIFICATION
>Be where our customers need us
> Trust those closest to our customers to make the
decisions. They know more and can do a better, faster,
job than someone 100 kms away
>Expand the network to maintain continuous custody of
customers’ freight and control quality
33
A key strength of the Mainfreight technology platform is
our ability to provide global visibility to our customers for
their supply chain across all regions and divisions within our
business. Further strengthening this position, is the simple
and easy way we provide customers with this visibility,
through our global customer portal Mainchain, helping us to
attract and retain customers across products and regions.
Mainchain allows you to track shipments across domestic
deliveries as most of our competitors also do, but it becomes
more powerful where a customer uses all facets of our
global systems.
For example, an ocean freight export shipment being
dispatched from one of our European warehouses, to another
Mainfreight warehouse in a different region of the world.
Although there are many segments to the supply chain, some
provided by third parties, like the shipping lines, Mainchain
pulls all this information together to show our customers the
key milestones from start to finish.
In the above example, we are able to show:
>pick, pack and dispatch milestones from our
‘s-Heerenberg warehouse
>cartage to the Rotterdam wharf
>vessel departure and journey from Rotterdam
>arrival information at the Port of Melbourne
>customs clearance
>cartage from the wharf, and finally
>delivery and put away in our Epping, Melbourne
warehouse.
Our technology wraps around and displays the physical
movements and our business processes globally. This
capability gives us a strategic selling proposition.
Recording this data also allows us to provide customers
with significant reporting and data analysis capability which
enables them to review the past and use it to predict and
influence the future of their global supply chain.
Customers are no longer just looking for track and trace
capability and now have a large appetite to utilise the
information we can provide. This is especially relevant
for our large multi-national customers. Mainfreight has
made significant investment to improve our ability to give
customers insight into their own supply chain, as well
as being able to make comparisons with global supply
chain trends.
The complexity of our supply chain data can potentially
inhibit the fullest use of our technology, therefore we are
working to provide better online training tools, for both our
own people and our customers, to ensure our systems are
effective and provide the maximum benefits possible.
34
OUR BUSINESS Technology
Providing visibility of freight
globally, helps attract and
retain customers across
multiple products and regions.
SHAUN NUNN-PATON AND SAM SIMONIAN – Kookaburra, Australia
35
Our People
Attract and retain individuals who ‘get’ our
purpose and entrust them to grow our unique
culture and values.
Our Customers
Make decisions which contribute to the overall
success of our customers’ businesses.
Quality
Over-deliver on quality and initiative. Measure
and continuously improve the quality of our
performance daily.
Every day our teams around the world come to work, knowing that they
are part of something bigger than just their branch or country. Bigger
than this year or this decade.
Each of us is entrusted with living our culture and making decisions that
will forge a company future generations will be proud to be a part of.
36
What fuels our 100-year journey?
Growth
Grow and intensify our global network. Think
bigger and bolder. Identify and secure customers
who trade globally and fit our business.
Longevity
Think next decade, not the next quarter. Cultivate a
business which future generations will be proud of.
OUR BUSINESS 100-Years From Now
How we measure our next
century of progress
FREDDY LANDAVERDE – Newark, USA
37
It is our desire to invest
in world-class facilities.
Capital Expenditure is directed and approved by the
Board of Directors from recommendations made by senior
management. Expenditure can be classified into three
divisions; Property and Buildings, Information Technology
and General, including Plant and Equipment.
During this past financial year, Net Capital Expenditure
totalled $89.2 million. Capital required for property
development during the 2020 financial year is likely to be
approximately $165 million with total capital expenditure
estimated at $213 million.
PROPERTY AND BUILDINGS
Of the $89.2 million, $30.8 million was spent on property,
primarily across our network in New Zealand and Australia.
The major items were:
Land West Auckland, New Zealand$17.6 million
Sundry New Zealand property$8.4 million
Sundry other property$4.8 million
Three land purchases in Australia were scheduled to be paid
in the 2019 financial year. Delays resulted in the purchases
occurring early in the 2020 financial year. The impact was
$46.95 million. Land revaluation increases of $43.65 million
(see note 14 on page 94) were booked in the financial
year. The after tax change to the revaluation reserve was
$39.40 million.
It is our desire to invest in world-class facilities wherever
possible to ensure that our people have the very best
of facilities to assist the delivery of high quality supply
chain services.
It is also our intention to continue to intensify our network
across cities, countries and globally, to achieve faster delivery
times with greater efficiency, and to be located closer to our
customers.
Land investment decisions continue to be made on an as
required basis. In some instances, owned facilities with a
OUR BUSINESS Capital Expenditure
38
limited future due to size and/or design, will be sold and
leased back with funds being invested in land designated for
building a new facility.
Whilst land and buildings were inherited in Europe with
the acquisition of the business there, we have yet to invest
any large amounts of additional capital in this region; a
situation that will continue until we find acceptable business
improvement and growth. In the meantime, leasing facilities
in Europe is our favoured approach.
In the Americas, freight, warehousing and office facilities
are 100% leased. Time and growth will determine land and
building investment for the future.
INFORMATION TECHNOLOGY
Our investment in technology continues to strengthen our
efficiency and productivity, providing data and statistics
that allow us to deliver greater quality while providing
transparency for our customers, providing them with an
extra layer of intelligence as well as critical supply chain
information.
Capital expenditure on Information Technology was
$15.6 million in this past year and is likely to be a similar
amount over the next two years.
PLANT AND EQUIPMENT
The balance of capital spend, $42.8 million, is attributable
to plant and equipment purchased across New Zealand,
Australia, the Americas and Europe.
39
Net Capex $m
250
200
150
100
50
0
121314151617181920
TIM LOGAN – Auckland, New Zealand Westney Solar Installation
PEOPLE AND COMMUNITIES Our People
40
The strength of our global
team allows us to become
a better, smarter, business.
Our story to date has been built upon strong philosophical
ideals. Hire people more intelligent than you; create an
environment for them to succeed; allow them to assume
as much responsibility as they desire; and give them the
freedom to act decisively in building their future and ours.
The quality of people we allow to enter our family around the
world determines the future of our business. No longer can we
take comfort in having pockets of quality people. The depth
of our global talent must be rich in every region to enable the
continued growth of our global Mainfreight network.
In every region of our world we continue to seek out
intelligent, energetic and ambitious people who have a
passion for who we are and for what we do. With Training
& Development teams based in Europe, Asia, the Americas,
Australia and New Zealand, we are able to align our people
development efforts to create our own unique brand of
leadership, our own global identity.
It is this ever-growing pool of talent who we give the
opportunity, and the responsibility, to shape our systems, to
challenge our way of doing things and to create a better way
for the future. It is here where we evolve and improve into a
better, and smarter, business.
Parallel to the on-the-job learnings are global leadership
development programs and succession plans for leadership
roles at all levels, in all regions, of our business.
The net result of this commitment is the development of
leaders who possess a broad global perspective and an ability
to lead and execute change locally. People who are capable of
securing business, not only across our core products, but also
across the 24 countries that we currently occupy.
The growth of Mainfreight continues at an unrelenting pace.
Looking after our people with career opportunities, excellent
facilities and tools to facilitate world-class service is a priority
and a key point of difference for us. As is rewarding our
people fairly. To this end we have continued to increase our
starting salaries, and have further reviewed and adjusted
salaries for those at the lower end of our remuneration
scale. We have also maintained our discretionary bonus
scheme which has been expanded to all qualifying branches
worldwide. We are proud to share in excess of NZ$27 million
for this past twelve months in discretionary bonus payments
to those who qualified.
Highlights
>Safety awareness around the business continues to
improve as does our ability to capture and report on
relevant safety areas. The sharing of regional differences,
in relation to managing safety, aids in better and more
practical safety solutions.
>Continued focus on recruiting talent from both tertiary
and non-tertiary markets. Concerted focus on leveraging
relationships with new organisations sitting outside
of the university space, eg, schools and trade-focused
organisations
>Ongoing commitment to highlighting career paths for
women as well as men. Embracing diversity to be a
stronger, more insightful business.
>Development of a learning culture across the globe.
Creating opportunities for team in all parts of the business
to learn skills to make them better equipped to face issues
at work and also issues outside of work eg. resilience,
financial literacy, etc
>More so than ever, ensuring the cultural themes of “why
we do things the way we do” underpins course content
and interactions with our training teams across the
business.
41
DYLAN COLBERT – Auckland, New Zealand
42
René van Houtum
‘s-Heerenberg > Ostend >
Melbourne > LA
Jessica Hayes
Perth >
San Diego > LA
Fabien Purcell
Rotorua >
‘s-Heerenberg
Within our 8,079-strong global team, there is an abundance of talent,
experience and innovative thinking. To continuously improve the business
and keep our culture strong, many team members progress around the
network, sharing skills, spreading the culture and fast-tracking our growth.
Sander Vreeburg
‘s-Heerenberg > Brisbane >
Melbourne
Helen Healey
Houston >
Auckland
Cici Wang
Auckland >
Shanghai
PEOPLE AND COMMUNITIES Our People, CONTINUED
43
We’re shaking things
up here in Dallas.
Through operating in three of
Mainfreight’s markets I’ve learnt
to think big and instil this in our
teams. Having global experience has
shown me just how far and fast this
business can go - and we’ve got our
foot on the gas, here in Dallas!
I’ve seen first hand how our
customers experience the same
quality, processes and culture
everywhere in the world.
Knowing how strong we are
around the world, means we don’t
hesitate to go after the really big
opportunities here in the US.
From day one I’ve been brought up
by Mainfreight to shake the cage –
we’re doing that here in Dallas!
Andrew Coulton
New Zealand > The Netherlands >
New York > Dallas
44
These are the
custodians of our
future.
Our diverse tribe of people are
the guardians of our culture and
the keepers of our reputation.
They share a deep understanding
of the company they are part of,
and their role in shaping it for
generations to come.
Each day, our people around the
globe come to work with intensity,
passion and purpose. On these
pages, we celebrate the 8,079
remarkable team members who
are our present, our future and our
legacy.
They are one
remarkable team.
PEOPLE AND COMMUNITIES Our People, CONTINUED
45
New Zealand CAROTRANS AUCKLAND
Joshua Chellatamby, Kelly Chen, Cameron
Couper, Lionel Fernandes, Nidheesh
Gangadharan, Neil Harding, Pawinee Haw,
Henry Hawkins, Steve Hendry, Ara Jeong,
Anupreet Malhotra, Appanna (AJ) Manduda, Lisa
Pirangi, Kamylle Rodgrigues, Krishan Sharath.
CAROTRANS CFS AUCKLAND Dale
Abernethy, Patricia Ane, Mike Dunn, Robert
Fonoimoana, Jaedon Gasgoigne, Norm
Gasgoigne, Neil Harding, Michael Keresoma,
Robert Leaupepe, Brent Marks, Phillippa
Matthews, Wiremu Rice, Serge Thomas,
Raymond Tua, Raewyn Vela, Brett Whitehead,
Juliet Whitham.
CAROTRANS CFS
CHRISTCHURCH
Jacob Ewing, Darren
Jerard, Flynn Leckie, Kitt Taylor.
CHEMCOURIERS AUCKLAND Kevin
Aldridge, Ivan Alofa, Nikesh Chhana, Mari
Cooper, Emily Cox, Olivia Dempster, Safo
Fatamaka, Matthew Forno, Roydon
George-Thomas, Henry Gould, Caitlin Harvey,
Kohine Henare, Tamaiti Hira, Luke Matthew
Hiroa, Noel Hughes, Hans Huisman, Tevesi
Inukihaangana, Isi Kaliopasi, Conway Keilman,
Michael Keith, Raymond Kendall, Nagendra
Kumar, Iulieta Leafa, Michael Long, Apiuta
Malua, Iasinito Manu, Trevor Mitai, Jason Mouat,
Nigel Mouat, Allan Murray, Michael Neale, Frisco
Ng-Lam, Jordan Nicola, Andrew Olive, Mark
Pakuru, Kishor Patel, Unnati Patel, Janet Ropati,
Siotame Siaki, Daljeet Singh, Harpreet Singh,
Lakhvir Singh, Paramveer Singh, Scotty Singh,
Varinder Singh, Clinton Smith, Aaron Somerset,
Gail Street, Greg Stringer, Taylor Te Aonui,
Brenton Tae Rehu, Mickey Tenamu, Michael
Thomas, Barry Thompson, Noa Tohi, Kini Toloa,
Danny Tuivaiave, Sosaia Nomani Tupou, George
Ulutaufonua, Francois Williams, Phoebe Williams,
Andrew Woolliams, Sylvia Xie.
CHEMCOURIERS CHRISTCHURCH
Chris Dawson, Rey Dela Cruz, Chris Donaldson,
Riley Gibson, Iain Henderson, Alex Hubers,
Graham Jackson, Chelsea Kay, Grant Kilty,
Jason Knauf, Kane McGrath, Tyreke Nuku, Jack
O’Hara.
CHEMCOURIERS WELLINGTON
Deborah Paul, Rodney Warsnop. DAILY
FREIGHT AUCKLAND
Bikesh Agarwal,
Kalapu Alaelua, Faiyaz Ali, Fazeel Ali, Mumin Ali,
Josiah Alofa, Mahish Arora, Arthur Atoaga, Allan
Aufai, Antonio Aufai, Tolua Aufai, Altaf Baba,
George Backhouse, Taimur Badhniwalla, Russell
Barry, Conor Bradding, Matt Cagimaivuna,
Martin Cannon, Ashutesh Chand, Raghu
Chinchalker, Zhen Tao Chung, Joel Clarke, Ian
Cox, Jim Cullen, Tracy Curtis, Khushroo
Daruwalla, Steve Davis, Chetan Desai, Sangeeta
Devi, Saurabh Dhamija, Sidney Ene, Elijah
Etuale, Clinton Faamausili, Wilson Fitikefu, Lydia
Fohe, Timothy Gage, Joshua Gibbs, Rakesh
Goundar, Rynal Goundar, Surya Gounder, Elliott
Gutry, Tevita Hala, Ronnie Halagigie, Martin
Hamilton, Aimee Harding, Dean Harding, Gavin
Holm, Efaraima Ieti, Junior Ili, Lenny Jones, Ivan
Josephs, Melanie Joyce, Harjeet Kahlon, Max
Kaleopa, Tevita Kaliopasi, Eden Kato, Eden
Katonivualiku, William Katu, Watson Kauvalu,
Murray Kendall, Lionel Knox, Jashneel Kumar,
Yasbeen Kumar, Katalina Latana, Roger Leckner,
Esther Leilua, Osvaldo Letelier, Meleseini
Liuanga, Tenisi Liuanga, Tawhiri Mahara, Rita
Marsh, Corey Marshall, Eddie Marshall,
Shasta Mishra, Petty Mistry, Demetrius Moala,
Saia Moala Lehauli, Asif Mohammed, Mahoni
Mosese, Taukatelata Ofa, Talau Paila, Jayshree
Patel, Manoj Patel, Saurabh Patel, Phillip Payne,
Virginia Payne, Baxter Pepe, Kashween Prakash,
Anroth Pratap, Cameron Price, Shane
Pullen-Burry, Armani Rajan, Kumar Rajan, Zidane
Rajan, Daniel Riddell, Liam Rikihana, Anthony
Riley, Lloyd Rivers-Smith, Tua Ropati, Jordan
Sa’u, Vincent Saulo, Roy Savage, Veta Savage,
Jatin Shah, Anith Sharma, Wesley Siakumi, Bali
Singh, Gurdev Singh, Gurpreet Singh, Hemant
Singh, Himmatveer Singh, Jai Singh, Jatinder
Singh, Lakhbir Singh, Lesley Smith, Michaela
Smith, Mike Smith, Peter Smith, Warwick Smith,
Johnny Staiger, Tauaese Tauaese, Andy Taunga,
Noreen Taurua, Daniel Teu, Jonevan Togiamana,
Manulua Toilalo, Tusi Toloa, Richard Tovia,
Bernadette Tufuga, Jennifer Tuhi, Teresa Tuhi,
Kena Tuhua, John Tui, Fisa Tu’imana, Piutau
Tuitupou, Mosese Tupa, Tasa Tupou, Joseph
Tuputala, Kaleb Turangakino, Joseph Tutuila,
Fred Ulberg, Vosa Vaihu, Quintin Waite, Sheryl
Waite, William Weekes, Zoe Wilkinson, Alfred
Williams, Logan Williams, Hayden Young, Ubaid
Zahidani.
DAILY FREIGHT
CHRISTCHURCH
Sheik Ali, Rebecca Baxter,
Helen Black, AJ Bradley, Phillip Brosnahan,
Sarah Brown, Beverley Canovan, Paul
Chatterton, Harry Clinton-Baker, Roberta Davids,
Robin Davids, Susan Davies, Craig Dixon,
Joshua Green, Ross Hawken, Levi Hibbert,
Thomas Hira, Porto Keefe, Caleb Kerr-Charnley,
Taylor Kerr-Charnley, Tony Kerr-Charnley, Abbey
Kirk, Mohit Kumar, Shane Kupfer, Angus Lowe,
Lachlan McGhie, Brittany McGill, Lucy Mitchell,
Tom Morgan, Sam Morton, Steve Moule, Jayne
Munslow, Sarah Munslow, Ajeet Nahal, Nikki
Oliver, David Parker, Kataraina Peeti, George
Perkins, Tara Price, Tony Ringdahl, Kate Roach,
Rachel Rupapera, Bhagwant Singh, Jagdeep
Singh, Jaspreet Singh, Sakinder Singh, Navreet
Singh Bindra, Mandeep Singh Gill, Aaron Smith,
Craig Stewart, Carl Stringer, Kim Tallott, Ngarui
Taurua, Tamas Taurua, Tamati Thomson, Mark
Tomlinson, Dhananjay Trivedi, Amelia Woulfe.
DAILY FREIGHT / CHEMCOURIERS
HAMILTON
Neil Douch, Tom Kumitau,
Manase Lavemai, Ernest Tauai, Jodi Vaughan.
DAILY FREIGHT WELLINGTON
Peter
Ansell, Barry Bellamy, Sam Ede, Seila Fiso,
Rukua Kavakura, Steve Marsh, Adriano Mello,
Ahu Moeahu, David Priestley, Graham Ralston,
John Salanoa, Ron Satherley, Lynette Sinden,
Gordon Tobin, Alex Walters.
MAINFREIGHT
ASHBURTON
Ross Butler, Christopher Frost,
Yvonne Kirdy, Alwynne Linwood, Barry Linwood,
Arvin Mahal, Shea Rainey, Brodie Reid.
MAINFREIGHT AUCKLAND Jon Absolum,
Maree Adams, Tevita Afu, Mohammed Ahmed,
Mahamed Ali, Mustafaq Ali, Shania Aumau,
James Avery, Emanu Avua, Fazeel Basha,
Matthew Bayani, Edward Beazley-Cook, Prakash
Bechan, Hayden Bell, Shailesh Bhuthadia,
Wayne Birch, Beau Birtwistle, James Boyd, Don
Braid, Kym Brett, Carol Brown, David Brown,
Hohepa Brown, Trudy Burt, Alex Campbell, Rex
Campbell, Vania Chalmers, Shamal Charan,
Jeremy Chin, Yvonne Chissell, Milan (Jnr) Cihak,
Milan (Snr) Cihak, Ana Cihakova, Renata
Cihakova, Bryan Clark, Dianne Clemens, Paul
Cole, Antonio Collings, Scott Collings, Catherine
Collins, Kevan Collins, Nikki Cooper, Simon
Cotter, Edward Creedy, Rob Croft, Robert Croft,
Hazel Crosbie, John Dash, Martin Devereux,
Chris Drader, Kevin Drinkwater, Cory Duggan,
James Dunbar, Alan Edwards, Beaula Elia,
Katarina Ene, Nina Ene, Craig Evans,
Christina Ewe, Samuel Falakiseni, Ramez Fawzi,
Lanuola Fesolai, Robbie Foggin, Felix Fotunga,
Nehu Freeman, Paul Freeman, Joshua Garland,
Kevin Gee, Carl George, Narsheer Gill, Josh
Gillespie, Simon Glenn, Neil Graham (In
Memoriam),Jonathan Gravatt, Mitch Gregor,
Helen Harden, Mohammed Hassan, Joshua
Haunga, Josh Hawkins, Yi He, Mona Hellens,
Ana Henry, Boris Hirawani, Emmet Hobbs,
William Hockley, Charlotte Hoeft, Jiordyn Hoeft,
Carl Howard-Smith, Quinnton Hubbard, Connor
Hull, Graeme Illing, Saiyad Imam, Matt Irvine,
Chris Isaia, Tom Jane, Tessa Jenkins, Fred
Kalman, Emma Katavich, Melanie Katu, Nic Kay,
Erica Kim, Sonia Kippenberger, Michael Kokaua,
Chandre Koole, Kuatasene Kuata, Shalini Kumar,
Sonal Kumar, Lowrance Lal, Omeksh Lal, Shawn
Lam Sam, Mark Lane, Wilson Li, Migle Mackay,
Kris Maddaford, Nitesh Mani, Sarah Mann,
Corina Mareela, Kane Mareela, Robert Mareela,
Tanya Matkovich, Glenn Matthews, Vaughn
McDonald, Andrew McKenzie, Rachel McKenzie,
Junior Meatuai, Zierra Misiaita, Bryan Mogridge,
Dennis Morar, James Morgan, Oliver Morrison,
Shaun Morrow, Max Muaulu, Dionn Munro,
Chicago Nairn, Lui Naoupu, Millie Neioti, Alan
Neithe, Mark Antony Nisbett, Zedekiah Nuku,
Lucy Owen, Luke Paine, Maureen Paine, Evelyn
Pak, Vitolio Palu, Chris Park, William Parkinson,
Kate Parsons, Mayurkumar Patel, Sietal Patel,
Israel Paul, Tom Paul, Mike Perez, Maurie
Phillips, Bruce Plested, Karl Pomare, Queleah
Pompey, Adrianne Pongi, Shayne Porter, Bimal
Prakash, Avikash Prasad, Richard Prebble,
Rowan Preston, Craig Radich, Na Raihania,
Nathan Reed, Cameron Reibel, Keith Robb (In
Memoriam), Jason Rogers, Miracle Ropati, Sir
Don Rowlands (In Memoriam), Mohammed
Saheem, Raman Saini, Vickram Saini,
Muhammed Saleem, Anil Sami, Georgina
Sanders, Tarlochan Sarai, Glenn Searle, Vavega
Siliga, Carolyn Sim, Donna Sim, Harry Sima,
Michelle Simmons, Anmol Singh, Armanpreet
Singh, Arpandeep Singh, Gurinder Singh,
Gurpreet Singh, Jaswinder Singh, Mohan Singh,
Narinder Singh, Rajneet Singh, Resham Singh,
Navi Singh Sidhu, Severe Sipeli, Julie Slessor,
Campbell Smith, Dansey Smith, Grant Smith
Regan Somers, Brooke Stephens, Kendal
Stratford, Jason Street, Hassanjit Sumra,
Bronwyn Symons, Sheena Symons, Sjarn
Tagoai, Jah-Milla Taitin, Jamane Tarau, Tuaine
Tarau, Phillip Tasmania, Mele’ana Taufa, Mike
Taufa, Sifa Taukaka, Suzanne Taunton, Jacob
Taurua, Norm Teio, Thomas Tetai, Sue Tindal,
Anthony Tipene, Easter Tiute, Bryan Tohi, David
Tolson, Paul Tolson, Taylor Tolson, Kevin Tram,
Joe Tuala, Eddie Tuhakaraina, Lee Tuimauga,
Sepiuta Tuipulotu, Paul Tupaea, Herman Ulberg,
Malcolm Variava, Alex Vatau, Jonathan Venema,
Karen Vuetibau, Mellissa Wearing, Daniel Wells,
Michael Whitehead, Debbie Williams, Jeremy
Williams, Rob Williams, Tim Williams, Scott
Wilson, Jareth Wong, Hamish Woods, Laurie
Wright.
MAINFREIGHT BLENHEIM Murray
Batchelor, Lyndal Coates, Brendon Day, Wagner
DeJesus, John Falconer, Kendra Gill, Lily
Graham, Anton Hartley, Peter Jones, Janet
Landon-Lane, Christopher Mealings, Andrew
Pillans, Rhonda Pillans, James Poulter, Amanda
Sanft, Martin Smith, Shane Smythe, Courtney
Stevenson, Melissa Stevenson,
James Thompsett, Shane Wood.
MAINFREIGHT CHRISTCHURCH Natalie
Armstrong, Nicolas Aubrey, Darren Bernhardt,
Philip Black, Debbie Blackburn, Blair Bradbury,
Dean Buick, Craig Burberry, Harry Burgess,
Chad Chamberlain, Donald Chamberlain,
NZ
Rhys Chamberlain, Joshua Charlton, Egon
Chmiel, Dennis Christmas, Rhyl Cole, Alicia
Coles, Robin Cook, Sue Cook, Matthew
Cooper, Anja Crawford, Michael Crawford,
Lorryn Dalzell, Sally Dalzell, Luke Davey, Kelly
Dean, Megan Delaney, Owen Donald, Jessie
Eastmond, John Ferguson, Grant Forbes,
Steven Grace, Mike Griffiths, Elijah Hapi, Sean
Henshaw, Edward Hiku, Tyler Hodgkinson,
Russell Jackson, Benjamin Jeffery, Mike Jeffery,
Desiree Jones-Jackson, William Kelly, Carolyn
Lee, Patrick McGillivray, Robert McGillivray,
Laurie McMahon, Neil McRobbie, Colin McTurk,
Jacob Middlemiss, Bob Murdock, Mark Nicol,
Connor Oberndorfer, Ashton O’Neil Morel, Chris
Radford, Darryl Reid, Ian Reid, Tracey Rickard,
Jamie Roberts, Brett Rodgers, Mitchell Ross,
Jenna Rowe, Kieran Rowe, Patricia Rush, Ben
Sharp, James Sheehan, Camern Short,
Amrinder Singh, Jaswinder Singh, Jatinder
Singh, Kawalbir Singh, Sarwan Singh, Wendy
Smith, Lachlan Stanley, Robin Suhag, Lindsay
Thomas, Sridhar Thutkuri, Russell Waters,
Desirae Watkins, April Woods, Jason Woods.
MAINFREIGHT CROMWELL Paul Arras,
Ian Clapperton, Kirsty Clapperton, Max Finau,
Cassandra Hunt, Zarik Khan, Yvette
MacLennan, Amy McAuliffe, Diane McAuliffe,
Hayley McAuliffe, Matt McCutcheon, Nathan
McEldowney, Andrew McFazdien, Jed
McLellan, James McMeekin, Sarah Neumann,
Hinton Osborne, Cody Oughton, Paula Perkins,
Jeff Saunders, Aveneel Simon, Arshdeep Singh,
Bhagwant Singh, Hawinder Singh, Trevor
Smith, Tim Stewart, Rosslyn Todd, Hamish
Wilkinson, Paul Wright.
MAINFREIGHT
DUNEDIN
Katelyn Allison-Dey, Nathan
Anderson, Blair Bennett, Josh Bottomley, Tim
Brasier, Jeff Bryant, Barry Clark, Graeme Clark,
Brendan Clyne, Greg Colston, Adam Crashley,
Wayne Day, Wietske de Groot, Rex Edwards,
Carl Gardner, Kyle Grayston, Fiona Guildford,
Trevor Gutsell, Barry Hall, Barry Hanson,
Meghan Hatley, Brett Johnston, Kamm Kawau,
Melissa Kawau, Matt Keane, Yvonne King,
Jared Kwiat, Andrew Laurie, Stephanie Laurie,
Chris Marsden, Jordan Marshall, Leah Maxwell,
Carter McAuliffe, Doug McElhinney, Mark
McElhinney, Ryan McLean, Doug Melrose,
Alana Mutch, Cameron Power, Yoland Power,
Jaime Randell, Kent Ranui Te Ahuru, Travis
Rosewarne, Tony Russell, Kyle Rutherford,
Derek Saville, Steven Smith, Evan Steel, Robert
Stout, Colin Tod, Brendon Todd, Keiran Troy,
Warren Turner, Ryan Van Der Lem, Carla Vega,
Frank Watson, Kelly Wilson, Lindsay Wilson,
Jaime Winklemann, Rick Winklemann, Geoffrey
Woods-Bryan, Jaccqi Woods-Bryan, Heath
Woollett, Zhaviar Woollett.
MAINFREIGHT
GISBORNE
Peter Archibald, Bevan Billing,
Donna Brown, Eru Campbell, Lisa Gillies, Tony
Gray, Danny Hohipa, Rangi Kahu, David Kahui,
Wayne Lee, Dave McLauchlan, Elaine
McLauchlan, Margaret Muir, Anthony
Ngaronoa, Daniel O’Neill, Eliza Poingdestre,
Wayne Poingdestre, Amokura Rangihuna, Mike
Rutherford, Sally Taylor, Ken Whitehead, Ben
Williams, Malcolm Wilson, Vanessa Wilson.
MAINFREIGHT GORE Janine Blanc, Jeff
Blanc, Kris Blanc, Nerrissa Blanc, Braydon
McKay.
MAINFREIGHT GREYMOUTH
Danny Baker, Simeon Clarke, Wayne Dalzell,
Jozef Grimes, Andrew Havill, Cory Hill, Russell
Hines, Matt Ilton, Moana Johnsen, Keith Lavery,
James Lee, Scott Lemon, Jamie McGeady,
Shaun Williamson.
MAINFREIGHT
HAMILTON
Dekota Adams, Oscar Anderren,
Ashley Andersen, Shaun Atkinson, Jimmy
Baker, Alexander Bardoul, Alice Barrett, Patrick
Barton, Richard Bassett, Joseph Brickland,
Sierra Brocas, Robert Bryers, Bianca Burge,
John Burke, Kirwan Carter, Steve Carter, Ashnil
Chand, Sukhpreet Chandi, Darren Clark, Barry
Clifford, Krystella Crawford, Thaila Crawford,
Christina Dalgety, Paora Dennis, Raana Dennis,
Randall Dennis, Ray Dixon, Robert Douch, Allan
Duncan, Gavin Duncan, Damian Edwards,
Donna Everaarts, Nikolette Fahey, Paul Fahey,
Jonathan Feast, Adam Ferguson, Ross
Fitz-John, Jesse Folkerts, Mele Fonua, Wayne
Goodwin, Jocelyn Gordon, Amy Graat, Jo-Amy
Graham, Arthur Green, Melanie Greenbank,
Jimmy Gregory, Hayden Grocott, Andrew Hall,
Jaimee Hall, Jordan Halse, Eilaina Harris,
Tracey Hayes, Trevina Herbert, Aubrey Hicks,
Carlos Hicks, Nathan Hobart, Tony Holes, John
Irwin, Maurice Jarrett, Mathew Jessop,
Murray Johns, Anna Jones, Kevin Judge,
Andrew Kaan, Taranjit Kalkat, Kirandeep Kaur,
Denise Kearns, Alexander Keen, Vicky Kerapa,
Haami Kingi, Amy Knuth, Dayna Krippner,
Ritesh Kumar, Bradley Laird, Murray Lasenby,
Keron Lawrence, Denis Laws, Brian Lawson,
Bill Lawson, Keegan Lewis, Darrell Madsen,
Francis Maxwell, James McBride, Peter
McIntyre, Toby McLean, Karen McLeod, Luke
Metekingi, Amittai Mita, Fiona Moore, Richard
Mountney, Abdus Muzahid, Tamatoa Nepson,
Jonathan Ngakuru, Marie Oliver, Peter Paniora,
Tom Parker, Tuariki Plowman, Mark Poata,
Suresh Prasad, Anne Marie Pratt, Shane Pratt,
Lawrence Purchase, Sanjay Reedy, Tannyin
Reeves, Darren Richardson, Robb Ridle, David
Roberts, Georgia Ross, Abdus Samad,
Harwinder Sandhu, Vaughn Sargent, John
Scandlyn, Debbie Schollum, Imitiaz Shah,
Shawn Shoebridge, Rajpreet Sidhu,
Gagandeep Singh, Gurkirat Singh,
Hanmanpreet Singh, Hardeep Singh, Harjit
Singh, Harmanpreet Singh, Jitender Singh,
Nasib Singh, Satpal Singh, Surrinder Singh,
Karl Siteine, Shaun Smith, Ross Snowdon,
Potini Soutar-Nicolson, Darrel Stevens, Mike
Stockley, Sam Sullivan-Laws, Tangaroa Taara,
Beau Taipari, Ashleigh Tauai, Trudy Te Aho,
Frank Te Wani, Richard Thomas, Jackson Tito,
Caitlin Torrens, Raymond Tucker-Hoogstraten,
Marcus Tumai, John Van Der Hulst, Kristie
Wade, Stuart Wallace, Anthony Walsh, Bridget
Walsh, Paula Watts, Tyne Watts, Brendon
Webster, Jacob Weherua, Eruera Whare, Daniel
White, Robert Wichman, Steven Wildbore,
Martin Wilson.
MAINFREIGHT
INVERCARGILL
Steve Acker, Roy Algar,
Jackie Buckley Gray, Finn Burns, Ian Garrick,
Jason Gray, Hannay Lapana, Renee Manaena,
Nathan McKay, Stephen Monaghan, Annette
North, Debbie Palfrey, Dean Reynolds, Harry
Reynolds, Nathan Reynolds, David Searle, John
Searle, Gurinda Singh, Kelly Thorburn, Ross
Wells, Jeanette Williams, Ricky Wylies.
MAINFREIGHT KAITAIA Kurt Tahu,
Tunney Thrupp.
MAINFREIGHT
MASTERTON
David Comfort, Bob
Dougherty, Andrea McCafferty, Shane
McDougal, Glenn Murphy, Matt Page, Gary
Strang.
MAINFREIGHT MOUNT
MAUNGANUI
Hannah Abbott, Alan Allport,
Eric Ashe, Colin Belk, Richard Benseman, Carl
Bergersen, Adrian Betterton, Troy Bidois, Brent
Brosnan, Lydia Burnett, Greg Camenzind,
Anthony Chadwick, Darren Chadwick, Dean
Chadwick, Lance Chadwick, Ben Clark, Stu
Clarke, April Corbett, Richard Currie, Caitlin
Darby, Marise Davis, Dipak Dayal, Frazer
Edwards, Wayne Ellis, Jayemi Emery, Neville
Emery, Kylie Foreman, Callan Gear, Jordan
Golding, Paul Grimes, Kayla Hansen, Reece
Harlan, Yana Heath, Edward Hemara, Kawana
Hemara, Piko Hemara, Alex Herd, Ray Hewlett,
Craig Hine, Hirini Houia, Mark Jones, Sheldon
Kereopa, Ronald Kwan, Jordan Lilley, Tevita
Mafileo, Debbie Martin, Marcel Milner,
Whetu-moses Miringa, Rick Ngatai, Andrew
Parker, Jonah Pinikera, Wayne Powell, Lawton
Rebbeck, Chris Reti, Tammy Rivers, Jerry
Robinson, Mark Robinson, Jessica Rolleston,
Lindsey Rund, Bickram Sangha, Justin
Sangster, Bevan Scott, Charanjit Singh, Prince
Singh, Ranjit Singh, Leroy Smith, Keegan
Stewart, Dale Swainson, Kelvin Teasdale, Lee
Tuhura, Chris Webb, Maurice Webb, Schirelle
Wildbore, Clive Wilson, Michael Woodham,
Tracey Wright, Martin Binnie, Jordan Head,
Joshua Jarmin, Shiv Kapoor, Tevita Mafeleo,
Grace Swindells, Kataraina Wright.
MAINFREIGHT NAPIER Mark Balhorn,
Kelly Barnett, Anthony Black, Jeff Chapman,
Kaylene Corin, Stevie-Rei Cunningham, Clayton
Cuttriss, Jordan Dougan, Samuel Gallagher,
Fraser Garnett, Shane Gilmour, Tui Haami,
Jacob Harrison-Daley, Daniel Hodson, Adam
Jackson, William Jones, Jason Kennedy,
Zachary Leeman, John Mackay, Lesley
Matheson, Andrea Mill, John Montgomery,
Henare Morton, Wayne Mullins, Kaye Ngapera,
Kerryn O’Neill, Fee Orviss, Jenny Pedersen,
Gerard Phillips, David Quickenden, Scott
Russell, Glen Scott, Darryn Scurr, Shelton Stok,
David Storey, Noel Stubbs, Deepak Verma,
Craig Walker, Shannon Wano, Julian Ward, Bill
Whyte, Chad Whyte, Ethan Whyte, Andrew
Wickham, Heath Zachan.
MAINFREIGHT
NELSON
Tui Ball, Craig Barron, Paul Brown,
Alan Davis, Simon Davis, Shannan Donker,
Steve Edgar, Chris Edwards, Dan Edwards,
Charlotte Gordon, Carmen Graham,
Aimee Groome, Craig Groome, Rochelle
Holland, William Holland, Tracey Hughes, Daniel
Kerr, Shaun Mana, Glen Markland, Nick Max,
Stu McKenzie, Nikita McMasters, Ruby
Morrison, Ronald Pawson, Rohit Saini, Michael
Savage, Bill Simmiss, Graeme Towns, Pam
Waddington, Neil Watson, Wayne Westall, Brett
Yates.
MAINFREIGHT NEW
PLYMOUTH
Hannah Abraham, Wiki
Abraham, Nathan Bain, Jess Burkhart, Sharyl
Coates, Paul Cottrell, John Davidson, Jonathan
Davies, Cori Delves, Aaron Farley, Sonia Farley,
Tim Farley, Ryan Gadsby, Peter Graystone,
Simon Harris, Joseph Horo, Jenna Hua,
Benjamin Leaf, Steve Longstaff, John
McKenna, Brittany Mewes, Cody Miller, Tara
Miller, Kayne Newman, Joel Paki, Rick Payne,
Scott Peters, Lane Powell, Marcus Russ,
Steven Short, Tony Smith, Caeten Streat, Josh
Treneary, Caleb Wheatley, Dylan Wheatley, Ben
Wiseman, Cara Young.
MAINFREIGHT
OAMARU
Richard Cowan, Melanie Duggan,
Kelvin Fodie, Paul Johnston, Grant Matthews,
Lenny Rankin.
MAINFREIGHT
PALMERSTON NORTH
Jason Adams,
Benny Barr, Angela Batt, Henry Boon, Forbes
Campbell, Michaela Caulton-McNabb, Trevor
Chambers, Henare Cunningham, Brett Cuttle,
Peter Darroch, Simon Dean, Valerie Dyer, Paul
Foxall, John Fraser, Marsh Graham, Suzan
Graham, Riley Gray, Nasoni Havea, Aroha
Hawkins, Jordan Henare, Cody Heu, Vanessa
Johnson, Archie Kauri, Finn Kearns, Tuhi
Kimura, John King, Anthony Knuth, Rex
Lambert, Hayden Little, Steve Love, Stacey
Luke, Tipu Luke, Michael Mackley, Amber
Mann, Pita Marshall, Rebecca McBride, Ross
McDonald, Rob McDougal, Justyn McQuade,
Tracey Mitchell, Jessica Mudgway, Keith
Mudgway, David Nicol, Daniel Pamata, Scott
Payne, Charles Pearson, Ray Prideaux,
Stephen Ralph, Etu Rongotaua, Byron
Rowlands, Jamie Sanson, Caleb Satterwaite,
Matthew Sherlock, Preet Singh, Raja Singh,
Vijay Singh, Nathan Smith, Wendy Stewart,
Josh Stimpson, Reagan Swindells, Bryan
Taiaroa, Jaxson Taylor, Albert Tovio, Michael
Tunnicliffe, Jason Waho, Temau Waho, Chelsey
Watson-Fryer, Jackie Williams, Andrew Young.
MAINFREIGHT PARAPARAUMU Nicole
Graham, Greg Howard, Craig Quinlan, Andrew
Rankin.
MAINFREIGHT ROTORUA Ricky
Bishop, Madison Blank, Manasa Bole, Gregg
Conning, Daniel Corbett, Tyson Corbett, Louise
Day, Gary Dunseath, Peter Esau-Manutai, Dave
Farrell, Carl Gage, Barbara Harrison, Roger
Hope, Benjamin Jenkins, Raena Lacey, Talya
Macredie, Aaron McMahon, Semisi Paea, Mark
Print, Martin Searancke, Emily Sime,
Varinderdeep Singh, Luke Skipwith, Travel
Taura, Matthew Thompson, Benjamin White.
MAINFREIGHT TAUPO Tony Hurunui,
Nick Hyde, Jenny Payne, Brendan Smith,
Andrew & Pauline Thoresen, Kapi Tupe,
Jonathan Vaughan.
MAINFREIGHT
THAMES
Jade Darrah, Deanna Donovan,
Phil Frost, Dhenby Harvey, Ryan Kennedy,
Lisa McCarthy, Dave McGruer, Kiu Muller,
Carson Paul, Lance & Trina Paul, Robbie Paul,
John Reynolds, Marcus Taipari, Barry Watson,
Maurice Watson, Ash Wearing, Mark Wearing,
Otis Williams, Vern Wright.
MAINFREIGHT
TIMARU
Michael Armstrong, Nigel Blackler,
Paul Boa, Sandra Breen, Simone Brett, Kelly
Cabrel, Jarrid Cooper, Hollie Duncombe, Dave
Ennis, James Hay, Lisa Howey, Geoff Kerr,
Murray & Juliet Kippenberger, Nathan
Kippenberger, Andrew Liversey, John Lyon,
Kevin McElhinney, Cameron Milne, Melissa
Nolan, Tyler O’Leary, Ryk Ormsby, Mark Perrin,
Leon Pirake, Matthew Russell, Shannon Sim,
Brooke Wilkie, Stacey Williams, Craig Wilson.
MAINFREIGHT WELLINGTON Kwaid
Ah-Hoi, Craig Armstrong, Lee Bailey, Sarah
Bennison, Rocky Betham, Ian Black, Henry
Booth, Andre Boyte, Dempsey Broad, Martyn
Bryant, Daniel Bullimore, Annabelle Carpenter,
Scott Carson, Sean Clark, Tama Coker, Te Ariki
Coker, Sam Collier, Paul Connolly, Max Cottle,
Matt Dalton, Harry Davey, Isaac Davis, Ellie
Dennis, Richard Devine, Harpal Dhanjal, Kasey
Downs, John Edgar, Paul Fincham, Pouevalu
Fiso, Tatjiana Fiso, Steffan Fry, Amie Gentle,
John Graham, Shannon Grice, Johnny
Hadfield, Matthew Haskell, Pat Henderson,
Simon Holt, John Holton, Jordan Houpapa,
Daryl Hutchinson, Jamal Idris, Clayton Ikenasio,
Peter Jackson, Leon Jahnke, Chris Jordan,
Daniel Jupp, Jacob Kelly, Maresa Kilepoa,
Renee King, Sean Love, Alex Macdonald,
Siegfried Mariner, Richard Maxwell, Mike
McAlister, Robert McGrath, Leslie Mendoza,
Liam Menheere, Raeden Mikara,
Stephen Miles, Herini Moeahu, Hanipale
Nouata, Kristy Powell, Lee Puepuemai, Tai-Paul
Rerekura-Tamaiva, Dennis Reynolds, Amanda
Roberts, Paul Roberts, Scott Roberts, Connor
Rocard, Michelle Romaine, Kaitao Rota, Kendra
Rowe, Sukhbeer Sacndeva, Andrew Schofield,
Alastair Scott, Pisa Seala, David Sherborne,
Lovedeep Singh, Manny Singh, Sharanjit Singh,
Sukhdeep Singh, Shane Smith, Jade Soliga,
Nicholas Sommers, Cesar Talifolau, Gordon
Tanis, Sola Tanoi, Rios Taramai, Kenny Tarei,
Greg Te Kura, Stuart Thorn, Jens van der
Sanden, Barbara Vincent, Bob Vincent, Josh
Voorwinde, Ross Ward, Joshua Watson-
Holmes, Haedyn Wicks, Eddie Yako.
MAINFREIGHT WHANGANUI James
Albert, Jared Barrow, Innes Campbell, Daryl
Edmonds, Lyn Johnston, Bass Kane,
McLachlan Kara, Ricky Katene, Jason
Kibblewhite, Hayward Sarah, Ratana Tane.
MAINFREIGHT WHANGAREI Kasandra
Albert, Zach Alison, Lauren Ambler, Manon
Austin, Todd Beehre, Jim & Heather Bond,
Brendon Boyte, Rebecca Brady, Kevin Brown,
Brad Cates, Simon Cauty, Terry Coopman,
Andrew Davies, Jeremy Elliot, Dominic Foster,
Chris Francis, Brendon Harris, Levi Harris, Carl
Hawkins, Tim Hayward, Bryan Herbert, Duane
Herbert, Josh Hoek, Matt Hudspith, Lesley
Huia, Willie Karena, Pieter Lambrechts, Anthony
Lewis, Tepa Littin, Ross Macdonald, Sam
Mather, Patrick Mcalees, Gavin McCleary, Taylor
McCleary, Craig McKenzie, Allan McQuinn,
Jason Morgan, Tarryn Neal, Tim Ottenhof, Jeff
Panui, John Paul, Ngakau Paul, William Paul,
Tahi Poasa, James Poulson, José Restrepo,
Kevin Roberts, Ben Shortland, Sandeep Singh,
Rebecca Sketchley, Wayne Stacey, Kimi Tae,
William Tae, Dave Tarawa, Philip Tepania, Lyall
Thomson, Connor Tulloch, Kylie Tulloch, Phillip
Tulloch, Melissa Wendt, Daryl Whautere, Te Hau
Whautere, Jamie Williams, Joseph Yearbury.
MAINFREIGHT AIR & OCEAN
AUCKLAND
Tiaz Ali, Kevin Ann, Behnaz
Bahmani, Darren Barboza, Mark Belfiore,
Matthew Beveridge, Kirsty Bristol, Sonya
Buckle, Penelope Burt, Liz Castillo, Todd
Chandler, Wilsyn Chang, Brian Chen, Tracy
Cleven, Dylan Colbert, Rachel Crawford, Diego
Cueto, Christine Cullen, Jeremy Davis, Flavia
Derbyshire, Sean Dillon, Shane Douglas,
Mei-Ling Faitau, James Gatley, Mark Glover,
Canoe Halagigie, Manu Halagigie, Victoria
Harwood, Helen Healey, Shannon Hegan,
Daniel Huo, Richard Ioane, Jason Kim, Leo
Kim, Kura Kiria, Rajenesh Kumar, Tarryn Lanner,
Catherine Le Vert, Emily Liang, Anu Manga,
Hayleigh McLean, Lisa Mitchell, Christian Moral,
Katrina Nathan, Phillip Nelson, Sarah Olo, Davis
Palmer, Leslie Pan Ge, Lex Paulo, Benjamin
Pearson, Joel Pereira, Daniel Plested, Amanda
Pritchard, Juliet Qiu, Rachael Richardson, Paul
Riethmaier, Karen Roberts, Robert Samuels,
Sonny Sarwara, Harmandeep Singh, Rashni
Singh, Sandeep Singh, Charlie Sione, Matthew
Small, Karen Smith, Nicky Smith, Georgia
Staddon, Robert Stewart, Cathy Takiwa, Arwen
Tao, Patrice Temanu, Celia Tepania, Andrew
Thomson, Steven Tooley, Robert Tucker, Iki
Vaka, Raju Vegesna, Ye Wang, Antoinette
Ward, Annette Webb, Courtney Webster-Frost,
Nerida Whatmough, David Zhao.
MAINFREIGHT AIR & OCEAN
CHRISTCHURCH
Nicole Andrews, Derek
Black, Kevin Coman-Wright, Hayden Cook,
Timothy Coughlan, Katrina Coyle, Oliver
Dimmick, Craig Edwards, Lydia Evans, Zoe
Fowler, Cameron Godfrey, Paul Hale, Nicola
Henton, Lauren Hiku, Michael Louth, Jason
McFadden, Julie McIlroy, Jason Newton, Matt
Newton, Jacinda Potts, Michell Riley, Sarah
Robb, Hamish Robertson, Dennis Rowe,
Campbell Stark, Joel Stuart, Milly Taylor, Karen
Waltham, Helen Watson, Alana Wheeler, Elaine
Wong.
MAINFREIGHT AIR & OCEAN
DUNEDIN
Tracey Burrell, Jeffery Foster,
Nadene Moore, James Morrissey, Teresa
O’Connell, Richard Will, Mark Willis, Paul
Wilson.
MAINFREIGHT AIR & OCEAN
HAMILTON
Olivia Clark, Jordan Cox, Charles
Day, Carmen Hadfield, Greg Waylen, Albertine
Woodd, Amber Woodward.
MAINFREIGHT
AIR & OCEAN MOUNT MAUNGANUI
Margie Brunton, Duncan Byron, Cheryl Chye,
Nada Gvozdenovic, Carol Kennedy, Robyn
McCarthy, Georghia McFeteridge, Linda
Mitchell, Enora Moalic, Andrew Mole, Kyran
Pierce, Julie Scott, Jo Smart, Giovana Tabarini,
Shane Williamson.
MAINFREIGHT AIR &
OCEAN NAPIER
Levi Kroot, Monique Peary,
Michelle Stevenson, Krystle Strachan, Melinda
Thomson.
MAINFREIGHT AIR & OCEAN
NELSON
Jessica Hitchman, Megan Lockie,
Callum Marshall, Scott Rice.
MAINFREIGHT
AIR & OCEAN NEW PLYMOUTH
Ed
Gafney, Andrew Smith, Jill Sorensen, Brendon
Wylde.
MAINFREIGHT AIR & OCEAN
PALMERSTON NORTH
Tim Bray.
MAINFREIGHT AIR & OCEAN
WELLINGTON
Joshua Abel, Erle Betty,
Natalie Curley, Chrissy Douglas, Paul
Fredrickson, Anna Hastie, Kate Hoar, Briony
Larsen, Jeff Larsen, Robert Little, Scott
Matuschka, Sean Paterson, Glenn Perkinson,
Trevor Rice.
MAINFREIGHT AIR &
OCEAN WHANGAREI
Chris Carmichael.
MAINFREIGHT FTL NORTH ISLAND
Gavin Bowers, Ken Brown, Chris Collins, Marc
Collins, Paddy Didovich, Mason Howearth,
Ricky Ireland, Kevin Jackson, John Katu, Ray
Lutherus, Kyla McGregor-Kurth, Warren McKee,
John Mitchell, Chris Murphy, Karen Powell,
Ryan Rossiter, Ronesh Sharma, Gurpreet
Singh, Satinder Singh Pannu, Jamal Stent, Mike
Swindells, Sandy Teddy, Chris Tunnell, Darren
Turner.
MAINFREIGHT FTL
PALMERSTON NORTH
Mark Beckett,
Gordon Bell, Tony Biddle, Mark Casey, Bryan
Douglas, Uluaki Fangatua, Peter Flett, Leslie
Jackson, Paul Kremmer, Wendy Little, William
Mackie, Reuben Mason, Darrin Moeahu, Keri
Monk, Francis Phillips, Fredrick Phillips, Elvis
Rowlands, Daryl Stade, Peter Taylor, William
Tupara, Justin Wall, Julna Williams, Robert
Williams, John Winton.
MAINFREIGHT FTL
SOUTH ISLAND
Blair Bennett, Pete Bradley,
Brett Bramley, Trevor Bray, Tony Bremner,
Hayden Campbell, Malcolm Clough, Andrew
Gilmour, Tim Hitchings, Terry Hucklebridge,
Taylor Kitto, Glen Lloyd-Jones, Molly McPhail,
Lindsay Miller, George Mirfin, Sandeep Nafry,
Jamie Newall, Gavin Nichols, Rene
Niovara’Dave, Cobus Potgieter, James Price,
Rob Renwick, Hoani Rewha, Khamush Siskiefu,
Ray Webb, Rex Whittle, Neville Williams.
MAINFREIGHT IT NEW ZEALAND Gus
Ah-Chong, Tyrone Ah-Chong, Tansy Austin,
Nilesh Bhuthadia, Corban Borrie, Joshua
Burrow, Jo Cameron, Alice Colenbrander,
Jennine Cosgrave, Richard Daldy, Fraser
Dawson, Hannelore De Muynck, Kishan Dhanji,
Lawrence Dunn, John Eshuis, Mark Hales,
David Hall, Gary Harrington, Alistair Hughes,
Bharat Kesry, Logan Lim, Rhoda Malveda, John
McStay, Dineshan Naidoo, Ankit Narotam,
Gabriel Price, Ange Quedley, Raagni Sahay,
Rene Septimo, Dennis Shikhu, Dannielle
Steffany, Pateriki Te Pou, Glen Thompson,
Rachael Timmo, Maree Toa, Roger van
Dorsten, Peter Webster.
MAINFREIGHT
LOGISTICS AUCKLAND, HIGHBROOK
Jacob Cassidy, Patisolo Feo, Ben Hadley,
Gladys Iehu, Mo Khan, Kaleb Lockyer, Vivek
Sharma, Harcharan Singh, Lovepreet Singh,
Kim Sour Soy, Neil Theologidis, Maria Van der
Nagel.
MAINFREIGHT LOGISTICS
AUCKLAND, LANDING DRIVE Todd
Feng, Clarence Fuimaono, Arthur Hoeft, Satish
Ramaswamy, Luke Rudolph, Sikha Santawirya,
Kulwinder Singh, Adrian Tohovaka, Cody Watts.
MAINFREIGHT LOGISTICS
AUCKLAND, MAINFREIGHT LANE
Joel
Bennett, Laisene Emilio, Josh Horrell, Manpreet
Kaur, Sangeeta Lal, Allan Lowe, Cristina Lumby,
Colin McPherson, Albert Miratana, Erika
Mizusaki, Komal Nadan, Som Nuttamon,
Robert Papalaua, Patrick Patau, Tangapiri
Pokoina, Satish Prasad, Roshlene Raj, Hansell
Semeu, Hardeep Singh, Navdeep Sodhi,
Theresa Tahi, Ondre Tupou, John Valu, Dean
Walters, Leslie White.
MAINFREIGHT
LOGISTICS AUCKLAND, MANU
STREET
Charlotte Abbott, Tusi Alao, Stephen
Bucheler, Peter Clark, Varghese Devassy,
Natalia Fanene, Joseph Fulu, Dennis Ikenasio,
Swapnil Jose, Jonathan Judge, Gitesh Kishore,
Francis Lee, Hosea Maloni, Benjamin Mamapo,
Carlee Mcauley, Charlie Mccartin, Melvin Nair,
Megan Nel, Gary Nickson, Rajesh Patel, Ronald
Prasad, Siju Samuel, Jonathan Sellar, Harpreet
Singh, Nicholas Singh, Sukhraj Singh, Kim
Sipeli, Krystal Solomono, Alvin Swamy, Piesi
Tama, Corban Taylor, Hiria Tinirau, Andy Tongia,
Suitulaga Tupuiliu, Aleska Veljkovic, Prathapa
Wanasuriga.
MAINFREIGHT LOGISTICS
AUCKLAND, NEALES ROAD
Musa Aqeel, Alex Chen, Ryan Eyre, Jodie
Jackson, Harley Jacobs, Samuel Joe, Yosef
Kanon, Darius Mamea, Sam Petersen,
Harmanpreet Singh, Jarmanjit Singh, Nirmal
Singh, Parminder Singh, Rajwinder Singh, Rhys
Stunell, Alvin Vaisa, Ofa Vave.
MAINFREIGHT LOGISTICS
AUCKLAND, O’RORKE ROAD
Chaenala
Bennett, Paul Claydon, Kim Curtis, Marcio Da
Silva, Thomas Hopkin, Talia Ioasa, Fotu Mau,
Jacob Mcdowell, Patrick PatalesioJoshua Sika,
Amasaia Valu.
MAINFREIGHT LOGISTICS
AUCKLAND, SAVILL DRIVE
Jason Byun,
Simona Nelisi, Nick Smith, Daniel Sharma,
Khodie Tagoai. MAINFREIGHT
LOGISTICS AUCKLAND, WESTNEY
ROAD
Tony Amituanai, Zach Butler, Maika
Finau, Brandon-Lee Fonoimoa, James
Fuamatu, Ankur Ghuliani, Warren Hall, Travis
Hari, Alex Harris, Michael Healey, Salmaan
Hussein, Ioasa Ioasa, Sam Irving, Deborah
Jackson, Emma Jackson, Tau Kaho, Samuel
Kalauta, Shivachal Karan, Shafraz Khan, Salesh
Kishore, Levi Kite, Nicole Koen, Denis Kovalev,
Anit Kumar, Sonal Kumar, Abhinash Lal, Jin
Lee, Tim Logan, Simi Mareko, Daniel McGrath,
Ashwin Mohan, Ankush Nagole, Tangi Pekepo,
Graham Po Ching, Zane Polley, Jai Prasad,
Kelvin Prasad, Roneel Raj, Dallas Rawiri,
William Sabiston, Tony Sagaga, Nirmal Singh,
Palwinder Singh, Mulivai Televave, Bluee Unasa,
Mladan Yagmich.
MAINFREIGHT
LOGISTICS CHRISTCHURCH,
ISLINGTON
Craig Baird, Richard Blake, Olly
Bosworth, Jamie Custers, Carissa Leka, Lewis
McCoshim, Joshua Pavelka, Poasa Seiuli,
Caitlin Taiapo, Luke Trounson.
MAINFREIGHT LOGISTICS
CHRISTCHURCH, MCALPINE STREET
Wayne Busson, Joel Cowper, Richard Cowper,
Tim Donnelly, Diane Franks, Tanisha Haumu,
Jack Henshaw, Alice Ingham, Bernard Jagers,
Akshay Jindal, Andrew Kay, Geoff Lulham,
Hugh Lynch, Guy McMenamin, Sam Nielsen,
Tyler Pakau-Narayan, Aslyn Pennington, Brynley
Riches, Sue Riches, Mark Ritchie, Sandra
Ritchie, Jessica Rowe, Kristin Sadd-Peawini,
Anthony Sialeipata, Brayden Simkin, Kirk
Simpson, Harjit Singh, Lovepreet Singh,
Sarabpal Singh, Garth Sutton, Erika Tinomana,
Dean Williams, John Wolfrey, Robert Woods.
MAINFREIGHT LOGISTICS
CROMWELL
Clarke Hegan, Janal Johnston,
Jayden Kennedy, Sami Rutherford.
MAINFREIGHT LOGISTICS DUNEDIN
Geoff Baird, Martin Swann, Bruce Wilson.
MAINFREIGHT LOGISTICS HAMILTON
Adam Freguson, Phillip Koopu, Francis
Maxwell, Andre Paladin, Vaughn Sargent,
Tangaroa Taara, Ashleigh Tauai.
MAINFREIGHT LOGISTICS
WELLINGTON
Kayleigh Adrian, Te Rangi
Hata, Gregory Hunter, Christian Vaaulu,
Jonathan Zwart.
MAINFREIGHT METRO
AUCKLAND
Chrissy Adams, Akmal Ali,
Mustaq Ali, Viliami Aloua, Abdul Asheem,
Jatinder Bajwa, Zubin Bhathena, Anesh Amesh
Chand, Alisha Chauhan, Patrick Chong-Nee,
Etesa Cordtz, Thomas Curtis, Teiko Fonua,
Aoese Fruean, Karunesh Gounder, Nicole
Harris, Azad Hussain, Naushad Hussein,
Patrick Iese, Inderjit Jaswal, Lashman Jhim,
Ashwin Karan, Ashaf Khan, Nazim Khan, Zeyn
Khan, Alvin Kumar, Mahendra Kumar, Nishant
Kumar, Rahul Kumar, Ravneeth Rinesh Kumar,
Hirdeshwar Lal, Sautia Misa, Riaz Mohammed,
Mahendra Naicker, Davendra Naiker, Krishneel
Varun Prasad, John Raju, Devesh Ram, Saud
Ramadhan, Munendra Reddy, Vimal Reddy,
Liam Reidy, Nizal Saddik, Aman Sandu, Rakesh
Sen, Quentin Sinclair, Amandeep Singh,
Amritpreet Singh, Chamkaur Singh, Deepen
Singh, Dushkar Singh, Gurbir Singh, Gurlal
Singh, Hardeep Singh, Harmanpreet Singh,
Harry Singh, Kawaljeet Singh, Parnam Singh,
Yadwinder Singh, Tarwinder Singh Mann,
Gurinder Singh Parmar, Rajdeep Singh Powar,
Dilraj Singh Saddal, Gurpreet Singh Saddal,
Amanda Smith, Anmol Sodhi, Kunal Sodhi,
Diamond Tavita, Ropisone Toma, Sam Towes,
Laura Watson, Sam Wilkinson, Alex Witteveen.
MAINFREIGHT METRO
CHRISTCHURCH
Malcolm Baird, letisha
Bentley, Honey Bizarh, Andrew Chai, Dan
Chetty, Vince Cheung, John Cowlin, Craig
Cowper, Tarvinder Deol, Jatinder Dherput, Ian
Johnson, Corrie Kerkvliet, Brian Lewis, Jarad
Maioha, Feroze Mohammed, Hameed
Mohammed, Shantel Robertson,
Wayne Robertson, James Sansom, Grant
Sherlock, Darshan Singh, Inder Singh, Kamaal
Singh, Mandeep Singh, Manpreet Singh,
Narinder Singh, Pargat Singh, Simarjit Singh,
Kamen Whithington, Li Zheng, George Zuo.
MAINFREIGHT METRO WELLINGTON
Tama-Rangi Awatere, George Chapman-
Reynolds, Kayleigh Elliot, Clinton Garrity,
Marama Riddell, Graham Strang, Tecye Tevita,
Segaula Va, Julie Ward.
MAINFREIGHT
MOBILE
Michael Bing, Morgan Davis, Parapa
Fatamaka, Reyce Holes, Nishant Sharma,
Jagdeep Singh, Glen Symons, Clayton Tito.
MAINFREIGHT PORT OPERATIONS
AUCKLAND
Ross Allen, Carol Avard, Arron
Davis, Paulo De Souza, Balwant Dhaliwal, Rob
Dickinson, Alexander Fedorov, Gerald Goff,
Muni Gounder, Nicholas Gray, Michael Heera,
Adam Hohepa, Bryan Hohepa, Pryce
Howearth, Mohammed Khan, Rezin Leaunoa,
Mathew Maioha, Faizad Mohammed, Shakeel
Mohammed, Ravi Naidu, Dinah Ogabang,
Sarwan Padayachi, Avinesh Michael Prasad,
Simon Sahim, Harinder Sandhu, Shane Shafil,
Har Simran, Bhupinder Singh, Jasjot Singh,
Simapreet Singh, Sulinder Singh, Harmandeep
Singh-Gill, Puneet Singla, Tiffany Sio, George
Taiapo, Andrew Tautari, Thomas Te Pania.
MAINFREIGHT PORT OPERATIONS
CHRISTCHURCH
Sameh Awadalla, Renee
Barnes, Ray Bradcock, Dean Coates, Gurpreet
Dhillon, David Dickson, Adrian Ferguson,
Vaughan France, Tony Green, Michelle
Hodgkinson, Carolyn Kirby, Gary Sellars, John
Williamson.
MAINFREIGHT PORT
OPERATIONS WELLINGTON
Ken Harris,
Wayne Kilgour, Jeremy Rawiri, Tony Roberts,
Chris Sirota.
MAINFREIGHT 2HOME
AUCKLAND
Felise Ah-Chong, Jagroop
Chahal, Ratish Chand, Raghu Chhabra, Anna
Chihakova, Ella-Lee Cihak, Joseph Collins,
Jameson Comin, Cindy Crosbie, Darren
Cummins, Jonathan Davison, Mark De Hoog,
Kavita Devi, Alan Enslin, Tama Fasavalu,
Edward Freeman, Jeffrey Fuatogi, Malcolm
Holm, Tony Inia, William Iose, Joe Kawau, Sam
Key, Mohammed Khan, Jordan Lau’ese,
Amitesh Maharaj, Nukutawhiti Mano, Jared
Martinovich, Siosifa Ma’u, Zain Mohammed,
Ben Monro, Michael Munns, Liam Murray, Jared
Nuku, Jacqui O’Connor, Peter Park, Dhiren
Patel, Jeremy Patterson, Arun Paul, Kani
Peneueta, Deben Raut, Abdul Rehman, Andre
Russ-Kite, Joshua Savea, Justin Scrivener,
Dharminder Singh, Gurpreet Singh, Harpreet
Singh, Harpreet Singh, Manjit Singh, Paramjeet
Singh, Ranvir Singh, Ravinder Pal Singh, , Dion
Solomona, Lisa Tagoai, Israel Talakai, Allan
Tango, Te Rangi Tongia, Arthur Tusa, Joe Veve,
Ioane Viliamu, Bianca Vuetibau, Peter Wallis,
Jeremy Wells, Sheree Whitehead, Greg Wong,
Kai Yao.
MAINFREIGHT 2HOME
CHRISTCHURCH
Michael Baker, Ryan
Berry, Chris Bramley, Grant Brinsdon, Stu
Campbell, Ben Carlisle Reeve, Timothy Challis,
Greg Cooper, Ihaia Cox-Winiata, Tony
Cummings, Alex Dawson, Tom Dawson, Daniel
Diamond, Mansell Diamond, Rob Duffy, Tracy
Hapi, Cameron Hay, Robert Hayes, Elijah
Hosking, Jaysin Hurrell, Jahran Katene, Richard
Kotlowski, Katie Newsome, Chelsea O’Connor,
Wayne Pahl, Braydon Parrett, Luke Percasky,
Rob Poasa, Morgan Rangi, Richie Richmond,
Earl Ritani, Nicky Scott, Jared Sherwin, Khamus
Sisikefu, Xavier Te Wano, Lance Warren, Henry
Whyte, Cody Williams, Ben Wright, John
Wright.
MAINFREIGHT 2HOME
WELLINGTON
Mark Brown, Deepak
Dadrah, Frank De Jong, Nathan De Jong,
Charles Simpson, Christine Strang.
OWENS
AUCKLAND
Aldre Aborro, Mohammed
Ahmad, Frank Aholelei, Azhar Ali, Ilaeiseh
Aumau, Manjinder Bhathal, Sheik Bobby Dean,
Godfrey Wynyard Brown, Michael Brown, Samil
Chand, Shirron Clarke, Aisea Cokula, Daiana
Cokula, Tiwihou Cope, Murray Craig, Benjamin
Cross, Jope Dawaqa, Nicole De Gala, Leanne
Drube, Faustina Faaolo, Tema Faifua, George
Francis, Jeremon Galiki, Sefulu Gaugau,
Andrew Gibson, Michael Goodwin, David Heka,
Dominic Hunt, Keegan Ashdown Inia, Eun Sik
Joo, Elaine Kaliopasi, Ramandeep Kansray,
Telea Kasipale, Voou Katuke, Robert Kealey,
Arfan Khan, Anish Kumar, Ashika Kumar, Nitesh
Kumar, Ravin Kumar, Salesh Kumar, Remesio
Lala, Neelam Lata, Joshua Leef, Aliana Likio,
Tino Liufau Pio, Rebekah Lopau, Emma Lowry,
Teremoana Loza, Samuel Lythe, Julie-Anne
Madden, Lloyd Mahara, Pravin Maharaj,
Savi Maharaj, Joylene Malofie, Christian
Marsters, Upoko Maruariki-Taoro, Mike
Masters, Macayla Masters-Clarke, Jackie Mein,
Gabriel Moore, Ali Mumtaz, Damien Murray,
David Murray, Viveet Nadan, Leena Nand,
Kartick Narayan, Junior Nathan, Salvation Nua,
Rayneil Pal, John Palelei, Jayantkumar Patel,
William Pickering, Christopher Pikering,
Gurpreet Pooni, Brooke Pope, Shavneel
Prakash, Vinal Prasad, Kelevi Qalilawa, Vinit
Raj, Nileshni Rattan, Blaze Renata, Davante
Renata-Leaf, Gerrard Robinson, Sukhi Samra,
Ali Schustor, Jiofiliti Selebula, Mez Sethna,
Sanesh Sewak, Sachin Sharma, Salendra
Sharma, Vinnie Sharma, Dalbir Singh, Davinder
Singh, Gagandeep Singh, Gurdev Singh,
Jatinder Singh, Kamaljeet Singh, Khushveer
Singh, Kuldeep Singh, Nawal Singh, Niraj
Singh, Prabhjit Singh, Raj Singh, Ritesh Singh,
Sukhpreet Singh, Tejinder Singh, Gurbaj Singh
Gill, Nicola Skinner, Andrew Smith, Archie
Stephens, Oliver Stevens, Robert Stevens,
Junior Stowers, Nathaniel Swney, Maleli
Tabualailai, Alisha Tairakena, Shayne Tall,
Joseph Tatafu, Fuataina Tauofaga, Andrew
Tautari, Tamatoa Tepaea, Adam Tieng, Uluka
Lala Toki, Dibley Tokimua, Peter Topia, Siaosi
Tuanai, Paongo Tulimaiau, Mark Upokomanu,
Tevita Veaila, Billy Vesth, Kathryn Wilson, Candy
Worden.
OWENS CHRISTCHURCH Louis
Arthur-Worsop, Keith Bedard, Rachael Bedard,
Ashleigh Burnham, Matthew Carlaw, Phil Dawe,
Callum Field, Scott Finlayson, James Foster,
Mandeep Gill, Janine Gordon, Kris Hickey,
Kevin Huang, Deane Hunt, Alice Kavet, Keith
Kenyon, John Kerr, Robert King, Matthew
Kitchin, Shubham Kumar, Marshneel Lal, Jason
Lapsley, Yupeng Ma, Tony Martin, Lindsay
McKewen, Alan Morgan, Guy Murgatroyd,
McGee Nimmo, Xin Ning, Ricky Niu, Elizabeth
Prentice, Thomas Rudin, Graham Ryan, Jimmy
Shearman, Jennifer Sheppard, Manpreet Singh,
Narender Singh, Sam Singh, Inderjeet Sran,
Kareena Sullivan, Marty Sun, Le Tan, Allen Tian,
Rowan Traue, Holly Turnbull, Regan Wagstaff,
James Whittle, Hayden Williams, Ryan
Woodham-Jury, Haobo Xu.
OWENS
HAMILTON
Lindsay Meredith. OWENS
WELLINGTON
Ala Aiono, Sally Bryant, Kate
Hoar, Tracey Hoare, Alby Mahuika, Allen
Marchant, Cambridge Moore, Toi Morehu,
Harminder Singh, Johan Soeteman.
OWENS
LOGISTICS AUCKLAND
Konelio Leone,
Anthony Levao, Jodi McLaren, Milka Sagi,
Andrew Sesani, Maninder Singh, David Stein,
Mateo Tino, Gemma Walker.
OWENS
LOGISTICS CHRISTCHURCH
Skye
Bogle-Cracknell, Grant Breach, Isaac Breach,
Melissa Butland, Emily Fowler, Rebecca
Hayward, Chunguang Hu, Andrew Maxwell,
Richard Owen, Ivan Peek, Andrew Proctor, Jim
Rabuku, Andrew Salmon, Sophia Shaw, Nikita
Swarts.
OWENS TANKERS Andrew
Calvert, Maurice Clarke, Joe Curtis, Tom Davis,
Jock Dixon, Joseph Faleapa, Sudhir Kant, Brian
Keogh, Pera Maxine, Reza Motadeli, Guy Small,
Marilyn Syms.
TRAINING TEAM
NEW ZEALAND
Donna Barrett, Charlotte
Carpenter, Charlotte Colson, Rochelle Coster,
Karla Crawford, Erica Dash, Trace Donaghey,
Gary Dyason, Rachel Hustler, Lizzie Judd, Kirsty
Michell, Chris Vaiangina, Alexia van der Zanden,
Ryan Wong.
Australia
CAROTRANS BRISBANE
Antonio Agpalza, Christopher Bamford, Anna
Slater, Grace Stewart, Peter Tombling.
CAROTRANS MELBOURNE Sindy
Bartlett, Debra Carr, Jade Carter, Paula DiBella,
Alexander Jones, Kloe Jordan-Wilson, Andrew
Petersen, Brianna Pisasale, Jacinta Polzella,
Nadia Rimene.
CAROTRANS SYDNEY
Adam Coffee, Jasmin Cvijanovic, Tiana Hamlin,
Tony Naumoff, Abubaker Samadi, Diana Scott,
James Warren, Kate Winterburn, Karam Zebib.
CAROTRANS TASMANIA Melanie Hill.
CHEMCOURIERS BRISBANE Claude
Andrasescu, Steven Beaumont, Troy Blacklock,
Olivia Goldsack, Jacinta Gremond, Mujtaba
Hussain, Kevin James, Amanda Johnston,
Garry Kennedy, Pankaj Kumar, Briannah
McGregor, Samuel Modra, Amanda Nugent,
Legan Nyabenda, Chris Powell, Ranvir Singh,
Surinder Singh, Tarsem Singh Sandhu, Tere
Webb.
CHEMCOURIERS MELBOURNE
Marli Adendorff, Brian Aspinall, Mehdi Bahrami,
David Carswell, Matthew Cartledge, Ethan
Coates, Lucas Columbro, Kevin Dicker,
AU
Guo-Qiang Dong, Lucas Giles, Goran Grbic, Le
Hoe, Shayam Jayasuriya, Scott Jones, Jason
Kennedy, Lyly Lai, Henry Lam, Monique Latorre,
Caleb Lewis, Hanna Matthews, Marcel Maunsell,
Katrina Miller, Shertim Muratovski, Radmilo Nedic,
Hoai (Victor) Nguyen, Huy Nguyen, Sang Nguyen,
Maddison Rae, Terry Rawiri, Lauren Ross, Cameron
Russo, Satpal Singh Sandhu, Anna Smith, Turoa
Tipene, Dillon Trew, Duong Trung, Lanh Truong,
Isaac Tufuga, Jake Walter, Jordan Wharton.
CHEMCOURIERS SYDNEY
Bilall Ajaj, Sam Ale,
Ridhwaan Ali, Riyaz Ali, Liam Bainbridge, Elie
Boulos, Matthew Brown, Naman Chand, Reigan
Crosby, Blake Curran, Joeffrey Frias, Caleb Fungo,
Cebbar Gergoy, William Hamdi, Liam Hastings,
Matthew Ishak, Aoife Keane, Mohammed (Kash)
Khan, Andrew Kyei, Aakash Mankotia, Robert
Meredith, Timothy Meredith, Dylan Ngov, Kelela
Pasina, Natasha Perese, Faimai Pisu, Motiana Pisu,
Daniel Ross, Robert Saimasi-Robertson, Elvis
Sehovic, Mark Shabow, Kamal Shanmuganathan,
Peter Smith, Mark Taai, Terry Tallar, T-Jay Tallar,
Antoinette Te Runa, Lokomaikaiokalani Vaisagote,
Stanley Vaka, Gary Vongphakdy, William Wang.
MAINFREIGHT ADELAIDE Nicholas Adams,
Kendall Anderson, Cherie Aunger, Dillon Bampton,
Jason Borg, Shane Borg, James Brook, Alfredo
Cammarano, Christopher Cammarano, Pauline
Cammarano, Amanjot Cheema, Trevor Clayson,
Jae Cook, Danyl Drabsch, Jesse Ebert-Hudson,
Luke Farrugia, Lee Ford-Griffiths, Arthur Gentle,
Shane Gnitecki, Michael Goldfinch, Shanon
Govindan, Patrice Hall, Michelle Hanson, Otniel
Iordachi, Daniel Irimie, Robert Jones, Jody Knight,
Warren Logan, Napinder Mann, Kyton Marsland,
Liam Miller, Deborah Moore, Lauren Neldner,
Emma O’Dea, Genevieve Pearce, Lee-Anne
Phillips, Stephen Phillips, Matthew Rak, Joanne
Reimann, Mark Richter, Lynne Rooney, Sandeep
Saini, Thomas Scholtus, Garry Semmler, Mitch
Simons, Brayden Simpson, Gurpreet Singh, Harjit
Singh, Vajinderpal Singh, Joginder Singh Gill, Jack
Star, Tracy Stefanopoulos, Justin Stoyanoff, Stefan
Stoyanoff, Tom Stoyanoff, Andrew Tait, Steve
Thorpe, Aaron Ward.
MAINFREIGHT ALBURY
Vishu Arora, Jason Ellingham, Bradley Foy, Michelle
Foye, Theo Fraser, Tori Graham, Joshua Green,
Ashley Hemopo, Kym Hullick, Matthew King, Luke
McCluskey, Craig Perry, Michael Pryor, Amrinder
Singh, Manjot Singh, Riki Tipene.
MAINFREIGHT
BALLARAT
Suzen Inglis, Iupita Lotoaso, Anthony
Marinus, Vanessa Maxwell, Scott Nunan, Andrew
Sporne. MAINFREIGHT BENDIGO Claude
Ayrton, Jeremy Dettmann, Spedding Graham,
Micheal Lawry, Shane Mataiti, Benjamin Norris, Lidia
Tonkin.
MAINFREIGHT BRISBANE Ali Abdur,
Indira Abrahams, Tommy Ah Wong, Mohammed
Ali, Lauren Alley, Amanda Aplin, Sorcha Barnes,
Kirsten Bishop, Steven Blackmoore, Aaron Bourke,
Patterson Callum, Tara Carnegie, Ritesh Chand,
Erika Chee, John Cohen, Courtney Collier,
Cassandra Collins, Timothy De Beer, Greg De
Lautour, Ruth De Lautour, Ward Elliot, Roy Faifai,
Natasha Fraser, Deanne Gage, Lucas Goldblatt,
Shari Groves, Kris Gyorky, Angelina Harper, Stacey
Heard, John Holpen, Chase Inia, Christian Ionut
Istrate, Vikram Jit, Anthony Johnson, Steve
Jovanovic, Amanda Karipa, Dallas Keevers,
Andrew Kelly, Bhupinder Kharaud, Jayson King,
Joseph King, Linda King, Taras Krasii, Sharvin
Kumar, Sunil Kumar, Bradley Lahey, Daniel Lahey,
Thomas Lennon, Constantine Leota-Tui, Jason
Levy, Nikki Lindsay, Amanda Linfoot, Jamie Lovell,
Ezekiel Makowharemahihi, Natu Manao, Harrison
Martin, Shaun Martin, Andrea Mason, Samuel
Massey, Nathan McDonald, Bradley McGrath,
William Meaclem, Joshua Meads, Brandon Metai,
Brendon Minett, Mathew Mobin, Darius Moldovan,
Rodolfo Morales-Diaz, Michael Murray, Khalid
Naved, Zoltan Neer, Michael Niesler, Bradley Ogier,
William Pani, Ian Patterson, Nicholas Pell, Tod
Poole, Ashleigh Santoso, Amber Scott, Ashleigh
Scullion-Gilpin, Kyle Shales, Quinn Sherriff,
Jonathon Silver, Ramandeep Singh, Sebastian
Smith, Todd Smith, Zac Speedy, Liesel Stevens,
Sydney Stevenson, Charles Sutcliffe, Stephen Te
Hau, Sunil Thakkar, Katie Thompson, Pologa
Tuafafo, Jay Tuautu, Vesi Tuautu, Ivan Turangakino,
Steve Turner, Peter Underwood, Terence Utai, Uhila
Vakameilalo, Akos Varga, Fursland Wayne, Kevin
Whitty, Emma Wiersma, Robert Williams, Byran
Wong, Chelsea Young.
MAINFREIGHT
BUNBURY
Laurent De Robillard.
MAINFREIGHT CANBERRA
Jahmal Batchelor,
Reegan Batchelor, Leonie Blundell, Steven Edwards,
Kai Ehlers, P’Trece Jones, Nathan Medhurst,
Andrew Pearson, Avtar Singh, Harry Singh, Liam
Thompson, Nicola Thompson, Antonio Vailoaloa,
Kieran Wickham.
MAINFREIGHT GEELONG
Haris Akram, Padraic Bourke, Cheryl Dean,
April Farver, Ranjan Grewal, John Melvin, John
Seaver, Jaswinder Singh Baidwan, Evan Wailes.
MAINFREIGHT GOLD COAST James Brown,
Reece Cassidy, Rosemary Cross, Deon Jackson,
Mark Jackson, Michael Jones, Glenn Manewell, Joel
Nikeller, Crystal Obst, Chris Were, Maraea
Wharemate.
MAINFREIGHT MELBOURNE
(CLAYTON)
Nicole Adendorff, Vijay Ahluwalia,
Cameron Aldridge, Nelson Aravjo, Jenny-Maree
Armel, Kanwalpreet Atwal, Kristian Barfuss, Allan
Blair, Nirmal Brar Singh, Craig Britto, Caleb Brodrick,
Brigitte Brown, Aaron Campbell, Vince Cecil-Daniel,
Rechner Chas, Bin Jing Chen, Steve Cooper, Sonani
Cramer, Aaron Croft, Peter Daly, Andrea D’Cruz, Kim
Devine, Jatinder Dharni, Chithrinee Ekanayake,
Jared Ekkel, Mirjana Fifita, Mafutaga Galuvao,
Anthony Garland, Anthony Giannopoulos, Semi
Godinet, Jason Govaars, Ross Grace, Jordyn
Green, Callum Greig, Peter Grindal, Brayden
Hackling, Travis Hackling, Natalie Hammond,
Douglas Hartwick, Ali (Reza) Hassani, Anthony
Hawkins, Jamie Haysom, Faye Henderson, Zachary
High, Thuyet Ho, Dane Hoffner, Jake Howell, Sadaat
Hussain, Sureshreddy Indurthi, Jesse Jansz, Jack
Kanakaris, Cory Kapetanakos, Benjamin Keane, Miki
Kolek, Michael Kuzmanovski, Raymond Lal, Daniel
Lamblin, Samnang Lay, Eugene Leong, Madeleine
Lynch, Mike Mai, Andrew Mase, Scott McGill, Huy
Minh Vu, Albi Mino, Benny Moser, Muamer
Muratovski, Shenol Muratovski, Surender
Nagulapally, Krishna Naidu, Rowan Nayna, Nhiem
Ngo, Vu Ngo, Ken Nguyen, Tien Nguyen, Tony
Nguyen, Mitchell Nolan, Miroljub Orbadovic, Osman
Osman, Luke Pavey, Emma Pedler, Ray Pepper,
Hung Pham, Paul Pipilakis, Sukhdeep Rangi,
Malcolm Reynolds, Siobhan Riordan, Megan-Anne
Rose, Elmedina Sadinlija, Trevor Scharenguivel,
Amandeep Sharma, Avinder Singh, Baljit Singh,
Barinder Singh, Darshdeep Singh, Davinder Singh,
Khusdeep Singh, Ravinder Singh, Rupinder Singh,
Apinder Singh Jawanda, Sandeep Singh Kherha,
Chloe Smith, Xavier Smith, Craig Steer, Rodney
Stuart, Hanh Hq Ta, Rebecca Taylor, Duc Truong,
Han Truong, Van Be Truyen, Sanele Utupo, Sitiveni
Vakacavu, Nicholas Van Dijk, Ruben Vetaukula,
Joseph Vibal, Tommy Vo, Srdan Vukovic, Jennifer
Wanigasekera, Stacey Wells, Sonny Wendt, Andrew
Weymouth, Willie Wharewera, Alphonso Williams,
Helen Williams, Harrison Wright, Steve Wright.
MAINFREIGHT MELBOURNE (EPPING)
George Abernethy, Marola Amin, Linfield Anitipa,
Paul Anitipa, Rajvinder Bains, Fadia Barkho, Lochlan
Barlow, Aladin Basic, Yousef Bastani, Amanda Borg,
Clement Boydell, Corey Braid, Mitch Bryan, Amiee
Chambers, Nimitra Chandran, David Ciardullo,
Jeremy Collins, Tomas Condon, Stephanie Conduit,
Bryan Curtis, Grant Draper, Josephine Fava, Soteria
Folaumoeloa, Bill Fraser, Anthony Galea, Brice
Giacomantonio, Zack Gligurovski, Bradley Greer,
Luke Grimes, Amy Habermann, Connor Harper,
Wayne Harris, Simon Hart, Edmila Hebel, Katherine
Hicks, Kathleen Hill, Tanya Hillier, Tohidul Hoque,
Shengdong Huang, Wisam Ibrahim, Janberk Ilhan,
Beniamina Inatoti, Harrison Irvine, Waael Jallo, Leah
Jones, Mele Kaliopasi, Troy Kirwan, Deepak Kumar,
Chung-Hsuan Kuo, Violeta Kuzmanoski, Dianne La
Velle, Kam Lee, Brandon Lemalu, Christopher
Lindroos, John Lloyd, Micahel Mackenzie, Cameron
MacLean, Paul Mahfoud, Brok Maihi-Taniora, Amjad
Majeed, Tarun Markapuram Shivaprakash, Rhonda
Marroun, Andrew Marshall, Mercedesz Matskassy,
Nicholas Matthews, Nicole Merrigan, Natasha
Meyer, Lewis Moore, Rodd Morgan, Edward
Mulvenna, Keryse Munro, Morgan Munro, Tosko
Nastevski, Ainsley Newson, Taila Oosterhof,
Alexander Overmars, Amrinder Pannu, Dimitra
Paterakis, Nicholas Payne, Edward Pearson, Hai
Pham, Mark Phelan, Sammy Phommachanh,
Andrew Plonsker, Joanne Polley, Luisa Pouono,
Christina Rebesco, Aaron Rivett, Graham Robinson,
Sian Rogers, Leasa Rowley, Sharma Rupesh,
Brendan Ryan, David Scott, Funda Sener, Rupesh
Sharma, Jesse-Jaymes Simmonds, Amarpreet
Singh, Angrej Singh, Devender Singh, Gary Singh,
Gurpreet (Raj) Singh, Harjap Singh, Harpreet Singh,
Jagpreet Singh, Jaspal Singh, Jazz Singh, Sukchain
Singh, Vikramjit Singh, Mandeep Singh Brar,
Gagandeep Singh Mangat, Parmjeet Singh Verma,
Gagandeep Singh Virk, Tayla Stankovski, Lukas
Steel, Maryann Stellini, Natasha Stojkovska, Martin
Stronge, Paula Suwart, Janaya Symons, John
Tapuala-Unasa, Victoria Thermos, Rawiri Thompson,
Tinika Tipene, Natalie Trajkovski, Bransislav Trifkovic,
Thanh Phong Truong, Lilly-Regina Vaisa, Aline Van
Buiten, Riley Van Buiten, Jake Van Meel, Justin
Velevski, Gabriella Vlasblom, Leigh Vlasblom,
Richard Vlasblom, Sander Vreeburg, Massey Wade,
Joyce Wain, Joe Wakefield, Georgia Warner,
Ford Watene, Kelly-Jo Wells, Jaya Wirawan, Jessica
Young, Jordan Young.
MAINFREIGHT NEWCASTLE Beau Baglin,
Jacqueline Braeuning, Kristen Cameron, Tony
Cross, Brett Cullinan, Damien Denning, Tom
Enderby, Ebony Fisher, Jessica Govan, Jim Heins,
Kaiden Hudson, Dylan Johnson, Ian Macpherson,
Matthew Madden, Joseph Maynard, Matthew
McCallum, Alana McCarten, Taiya Miller, Tanya
Milne, Michael Parkinson, Alyssa Pilgrim, Scott Pratt,
Byron Price, Steve Renton, Scott Shea, Timothy
Sinclair, Stephen Smith, Brooke Walklate, Cameron
Williams, Douglas Williamson, Jason Willoughby,
Brad Yuile.
MAINFREIGHT PERTH Mustafa Al
Bunajim, Muchsin Alaydrus, Mark Alberts, Sarah
Battaglia, Shaun Birmingham, Christopher
Brookshaw, Ayden Brown, Stephen Bull, David
Burton, Shaun Davy, Michael DiMaggio, Raquel
DiMaggio, Sinan Fazlilar, Jeffrey Field, Jesse
Galende, Paul Gibson, Rob Glerum, Jesse
Gray-Morgan, Anthony Greg, David Gurney, Renato
Hadziavdic, Daniel Harvey, Robert Hawksworth,
Graham Herd, John Hope, Valerie Jeisman, Sarah
John, Gene Johnson, David Kake, John Keen, Bjorn
Kelly, Jaskarn Khanghura, Jaswant Kharoud,
Pardeep Kumar, Theunis Lemmer, Rajesh Lohan,
Ethan Martell, Nikki Maru, Todd McCabe, Raymond
Mccagh, Susanne Meechan, Bailey Mitchell, George
Moore, Patrick O’Shea, James Paekau, Malcolm
Papa, Yianni Papaliaris, Madison Parker, Singh
Sandhu Ravipreet, Amelia Richardson, Robert Rix,
Annette Roberts, Damian Schoppe, Harmandeep
Singh, Jaswinder Singh, Jatinder Singh, Gurpreet
Singh Gill, Amandeep Singh Sandhu, Pushpinder
Singh Sandhu, Curtis Spencer, Christine Sutherland,
Simon Tasker, Kevin Tilaka, Graeme Tilley, Cameron
Townsend, Paul Van Dam, Sheldon Vincent, Huy Vu,
Peter Webb, Hamish Williams, Daria Yuldasheva.
MAINFREIGHT SUNSHINE COAST Jessica
Cuming, Elizabeth Purdom, Mark Thomas.
MAINFREIGHT SYDNEY Mitchell Ahrens,
Rogaya Alexander, Ramy Al-Haider, Fadi Al-Mallou,
Renney Ama, Sharon Ama, Mohammed Aruf, Guy
Assanti, Todd Austin, Jackson Bartlett, Zachariah
Beltran, Mohammed Beydoun, Laura Blazic, Belinda
Bright, Laisenia Burewe, Armani Busby,
Talmage-Jade Busby, Shenaye Campbell, Avinesh
Chand, Ronald Chand, Raelene Codd, Ashleigh
Collins, Amy Connelly, Kim Corpin, Jessica Currey,
Daniel Curtis, Samantha Daley, James Darby,
Charisse De Abreu, Andres De La Paz, Mike Deli,
Navdeep Deogun, Domenico Di Bartolo, Pamela
Dilucchio, Alan Ebadi, Mathew Edwards, Danny
Ellyard, Naseri Faifua, Hilal Fawaz, Moh Fawaz,
Russell Fender, Amelia Fifita, Kooper Fiseris, Kristen
Flood, Asipeli Fotofili, Anthony Franco, Duraed
Gabrail, Jason Gerondis, Tayfun Gezer, Imran
Goraya, Vishnu Gounder, Reza Hamazaehlouei,
Namal Hamid, Thomas Han, Shardey Hancy,
Geoffrey Heard, Tereapii-O-Maao Henry, Rosario
Herbereau De La Chaise, Kingi Hoskin, Tony
Howard, Declan Jackson-Harris, Kathryne James,
Natalie James, Samuel Jenkins, Lolomanaia Kakala,
Sarah Kimmings, Zed Komsic, Nishi Kothari,
Sachindra Krishnan, Rajaratnam Kuganathan, Holly
Licciardo, Jonathan Lualhati, Surendra Madala,
Akanesi Magele, Ahmed Malik, Loseli Manu, Mark
Mariano, Patrick Masaisomug, Joshua Masih, Aaron
Matesa, Michael McIvor, Danielle McNeil, Kathleen
Mena, John Michael, Philip Millikin, Daneile Moana,
Susan Morrow, Magele Muaulu, Solomone Naa,
Avinesh Naidu, Niraj Navin, Tai Ngaau, Quoc
Nguyen, Quoc Tai Nguyen, Tan Nguyen, Vanessa
O’Neill, Pece Paceskoski, Suza Paceskoski,
Shereen Padiachi, Cindy Page, Sunil Panchani,
Junior Papalii, Vinay Rajendrakumar Patel, Steven
Pavitt, Bill Perese, Oliver Petrovski, Thomas Pham,
Christopher Phelan, Scott Phillips, Lisa Profilio,
Iosefa Pule, Michelle Purvis, Donald Ram, Pawan
Rathnayake, Debbie Rawiri, Reti Reed, Jimmy
Ristevski, Adam Robey, Anthony Robinson, Channa
Rodrigo, Rafael Rueda, Saipele Salelesi, Tagi’ilima
Salelesi, Shiu Sambhu, Jody Savage, Strantz
Schaumkel, Jessica Schuck, Tony Segar, Mirsad
Serifovic, William Shea, Joshua Siddle, Ismael
Silvera, Chandresh-Bobby Singh, Gurvinder Singh,
Pranit Singh, Randhir Singh, Satbir Singh, Tyreece
Siofele, Nino Sioufi, Tyrus Sita, Alan Spackman,
Stefano Tahi, Rangimarie Takiari, Nicolaos Tourgelis,
Jade Towle, Anthony-Minh Tran, Zoran Trenkoski,
Umit Tuncdoruk, Filipine Vave, Sione Vave, Bruno
Vidigal, Mark Vincent, Denise Vitellaro, Ratu Vuibau,
Vikrant Wadhwa, Mary Wall, Tershel Watene, Peter
Wilson, Reginald Woonton, Robert Young, Angus
Zammit, Belinda Zantides.
MAINFREIGHT
TASMANIA
Gary Ritchie. MAINFREIGHT
TOOWOOMBA
Aaron Fuery, Michael
Heironymus, James Podlich, Adam Willcocks,
Alexey Yagudin.
MAINFREIGHT
TOWNSVILLE
Steven Ace, Marla Costabeber,
Jeffrey Gilbert, Jack Grimwood, Michael Koeman,
Tierre Mallinson, Kathrine Wernerson, Scott Wilton.
MAINFREIGHT AIR & OCEAN ADELAIDE
Hayley Barnes, Gary Birmingham, Hayley Collins,
Jaimie Collyer, Joseph Covino, Jodie Dirksen,
Jessica Hautop, Adrian Logan, Bianca Newbery, Thi
Ong, Caroline Pitman, Lisa Raimondo, Kanesh
Sivashankar, Alysha Wreford.
MAINFREIGHT
AIR & OCEAN BRISBANE
Caitlin Anderson,
Stephen Anderson, Elizabeth Arguello, Kathryn
Bailey, Monicque Bamford, Saskia Bemelman,
Callum Bruce, Grant Carlson, Erin Carmock, Damien
Cridland, Camila Del Passo Brandao, Abbi Dilena,
Catherine Gillick, Bailey Gooding, Myroslava
Gopanchuk, Shaikh Haider, David Hall, Adam
Horne, Amy Kelly, Karen King, Christopher
Meacham, Naia Morais, Sara Payne, Daniel Petek,
Madison Pfuhl, Mehau Phillip, Rosina Poa, Jessica
Pursey, Chantelle Stiege, Mitchell Stint, Monty
Sullivan, James Timoney, Lisa Turner, Ogi
Vuksanovic, Rebecca Vuksanovic, KaMing Wong.
MAINFREIGHT AIR & OCEAN
PERISHABLES BRIBANE
James Blok, Drew
Bowler, Tiarna Burns, Zachariah Collins, Seamus
Cunningham, Mitchell Fontalvo, Alex Jenkins,
Deanne Kramer, Patrick Morrey, Michael Poa,
Andrew Ramsden, Melanie Sheppard, Stephen
Simpson, Ian Thomas.
MAINFREIGHT AIR &
OCEAN GOLD COAST
Samuel Cooper, Renee
Duemmer, Jade Fogwell.
MAINFREIGHT AIR &
OCEAN MELBOURNE
Gary Atkins, Daisy
Attard, Melissa Bartlett, William Brown, Laura
Burns, Taylor Burns, Monica Cahill, Tony Capuano,
Ksenia Chudak, Darren Ciantar, Kerry Cogan,
Chrysanthe Coles, Lisa Colombo, Blair Cooper,
Dave Coughlin, Daniela Dimitrijovska, Dorian Do,
Thu Do, Susi Dombrzalski, Elizabeth Fellows,
William Fellows, Shalini Fernando, Damien Ferris,
Shania Finnigan, Louise Gallardo, Fiona Goodwin,
Rachel Grover, Clancy Hall, Nicole Hegeman,
Hamish Hill, Bronte Houston, Sean Hutchinson,
Aneta Jankovski, Balwinder Kaur, Melissa Kelly,
Carolyn King, Megan Kirkman, Damien Kozelj,
Franciscus Kranen, Mandy Lazaridis, Nicole Levey,
Jing Liao, Jason Lister, Lee Liu, Jenny Ly, Rosaria
Marra, Sarah Martin, Tayla McHale, Julia McMillan,
Roslyn Meli, Kosta Mihos, Amanda Millington,
Michael Mortimer, Pam Moussiades, Matthew
Mudge, Janine Nemeth, Lingna Ngo, Luise
Ockardt, Charissa Ong, Sasa Opacic, Melissa
Packett, Kristian Phillips, Vincent Pirozzi, Natalie
Poloni, Tahlia Prestia, James Ryan, Junsik Shin,
Timothy Smith, Jason Spiteri, Georgia Strada,
Chloe Straughair, Xiaoxia Sun, Brittany Taylor,
Travis Thorogood, Cynan Tomsen, Diem Tran,
Rebecca Tsiros, Daniella Verlaque, Connie Vinci,
Yizhao Wang, Joanne Warway, Rosanna Wojcik,
Paige Woodhouse, Vincent Woolfe, Bernie Xu, Jie
Zhen.
MAINFREIGHT AIR & OCEAN
PERISHABLES MELBOURNE
Khled Abbas,
April Ali, Christopher Barnes, Vincent Caruso,
Megan Cooper, Ryan Darmanin, Houssein Dekmak,
Travis Dellar, Adam Downing, Mykhaylo Dyachkov,
Mario Farrugia, Sattambiralalage Fernando, Angelina
Fernandopulle, Dale Foote, Vincent Fu, Benjamin
Green, David Grossman, Riley Hemburrow,
Julie-Anne Jordan, Lisa Jordan, Svetlana Kasyanov,
Rajini Kumari, Jordyn Luke, Shane Moroney, Beau
O’Connell, Tom Redmond, James Riego, Melanie
Savona, Anthony Schembri, Paolina Tortora, Travis
Wadden, Oxana Zherebtsova.
MAINFREIGHT
AIR & OCEAN NEWCASTLE
Belinda Bremner,
Luke Chance, Ruby Ho.
MAINFREIGHT AIR &
OCEAN PERTH
Alessandra Divina, Savannah
Dsouza, Alec Fontalvo, Loganayagie Govender,
Bianca Harris, Adam Hawiley, Stepan Kolarik,
Melissa Lowe, Misha Mandalia, Jocelyn McCagh,
James McCrone, Jueyu Peng, Claudia Ramirez
Suazo, Aaron Read, Jennifer Reid, Monica Romero
Arbizu, Stefanie Schroeder, Rupesh Sethuram, Jian
Tan, Stacey Turner, Yokke Verbert, Joel Ward,
Bronwyn Wassell.
MAINFREIGHT AIR &
OCEAN SYDNEY
Lee Amour, Amber Bailey,
Melissa Bakouris, Elisa Bonica, Skye Budd,
Juan-Diego Cabada-DeSouza, Vanessa Carangelo,
Julie Costopoulos, James Davies, Julie Deang,
Annelien Deceuninck, Janina Diroy-Smith, Erika
Dudley, Paul Enriquez, Aiden Erlik, Alla Ermoliev,
Justin Evans, Salvatore Forzisi, Fidia Ghazi, Tyne
Green, James Hartigan, Kathleen Hoglund, Seok
Hong, Vanessa Jaconelli, Mengxue Ji, Blake Kelly,
Bianca Kraljevic, Jayda Leaf, Julie Lee, Kin Li,
Yanhua Li, Jacky Liang, Kaiju Liu, Shaoji Liu, Carol
Ma, Jimmy Ma, Cassandra Mangan, Joanne Mani,
Jessica Molyneux, Joumana Nasr, Natalie
Nikolovski, Kayla Phuyal, Liong Purna, Margaret
Reynolds, Sofia Rida, James Robertson,
Rebecca Sears, Michael Smith, Melissa Stanley,
Aleks Stojkovski, Kylie Strickland, Samuel Taylor,
Sonia Taylor, Jiamin Wang, Jiaqi Wang, Riwa Wiki,
Philip Wilson, Daniel Wishart, Kit Woo, Yige Wu,
Sungwon Yoon, Hua Yu, Roselyn Yuen.
MAINFREIGHT AIR & OCEAN
PERISHABLES SYDNEY
Darren Bird, Michael
Blackburn, Thomas Bower, Mirjana Bridge, Mark
Bugden, Matthew Canturi, Volkan Er, Petelo
Falaniko, Lisa Harrison, Zara Harrison, Isabella
Hickox, Sophie Hill, Kristian Jensen, Marika Lenzo,
Dean Maxworthy, Debra May, Tyrell Mayfield,
Damien McNamara, Michael Neoklis, Kate Pryor,
Imran Shaikh, Latisa Shiwan, Daphne Sun, Lee
Symons, James Tautaiolefua, Joshua Thomas, Kurt
Van Ummersen.
MAINFREIGHT AIR &
OCEAN TOWNSVILLE
Angela Etika-Fenwick,
Melyssa Hobbs.
MAINFREIGHT FTL
ADELAIDE
Brian Cook. MAINFREIGHT FTL
BRISBANE
Timothy Craig, Samuel Hudson,
Angela Topp.
MAINFREIGHT FTL
MELBOURNE
Faafetai Etuale, Stephen Kay,
Brandon Lawler, Aaron Louws.
MAINFREIGHT
FTL PERTH
Paul Reed. MAINFREIGHT FTL
SYDNEY
Eva-Lynn Patai, Rodney Steel.
MAINFREIGHT IT MELBOURNE Darrel
Byrnes, Lawrence Gangi, Jonathan Holmes, Michael
Hood, Aditya Hooda, Sandeep Kaur, Megan
Mackay, Bruno Marra, Andrew McLeod, Kate
Oakley, Darryn Petricevich, Pagona Petricevich,
Benjamin Renehan, Suman Shaganti, Justin
Ventura, Anthony Venuto, Marija Vukovic.
MAINFREIGHT IT SYDNEY David Coen,
Rachael Moore, Matthew Murphy.
MAINFREIGHT LOGISTICS ADELAIDE
Nicholas Clayfield, Sean Howell, Scott Knight, Aaryn
Minerds.
MAINFREIGHT LOGISTICS
BRISBANE (LARAPINTA)
Fetolofai Ah-Ching,
Cameron Barber, Alanah Campbell, Kale Christison,
Jennifer Colditz, Alexander Finlay, Kate Fraser, Liam
Fraser, Paul Fraser, Sian Gaebler, Nicholas Gardner,
Gordon Hay, Nikki Hemmings, Dragan Ivesic, Barry
Keleher, Tyler Little, Jackson Matkovic, Brandon
McCorkindale, Christine Meekings, Jason Moroney,
Daniel Mullins, Benjamin Parker, Jessa Pinili, Bianca
Reck, Tracey Redman, Benjamin Smith, Rosemary
Starr, Eric Taylor, Damon Taylor-Grainger, Hung Tran,
Fiona Trebilcock, Alastair Tymon, Benjamin Walton,
Kevin Yim.
MAINFREIGHT LOGISTICS
BRISBANE (RADIUS DRIVE)
Stephanie
Goldsack, Emma Hemmings, Po Iosia-Sipeli, David
Kidston, Matthew Little, Charles McDermott, Shelby
Moselen, Brent Smith, Harry Winterbourne, Simon
Wishart.
MAINFREIGHT LOGISTICS
MELBOURNE (EPPING)
Rizza Anicete, John
Anitipa, Aysha Assafiri, Liam Bailey, Jayson Bedford,
Vanessa Bogdanovic, Sean Burns, Aidan Chick,
Alexander Chu-Shing, Salvatore Costa, James
Dimick, Nicholas Dinneen, Khoder El-Chaaban,
Alexander Fitzpatrick, Kirollos Greiss, Nick Hodges,
Michael Hurlimann, Erin Icbudak, Zachary Irving,
Antony Johns, Alexander Jordanov, Aleksandar
Karakostov, Kirsten Kerry, Benjamin Kidd, Shane
Kinnear, Anastasios Kourkoulis, Marc La Brooy,
Daniel Lavars, Nathan Lewis, Shannon Lomas,
Esekia Manuele-Malagaoma, Nicholas Manyatis,
Michael McCluskey, Peter McNally, Shaun Mizza,
Sergio Murakami, Ghi-Ng Nguyen, Phi-Hung
Nguyen, Omar Nsour, Samuel Nyhuis, Joseph
Padua, Metodij Petrevski, Dominica Poutini, Cody
Rayson, Dillon Rayson, Jacob Regester, Mark
Sammut, John Sarkis, Brendan Shergill, Bozidar
Simjanoski, Gabriel Simonetti, Akash Singh, Monika
Stojkovska, Joshua Sumura, Pavithra Tallam,
Harmon Taulapapa, Valentin Teles, Serhiy
Timoshchenko, Renata Ugrinovska, Martin
Wierzbicki.
MAINFREIGHT LOGISTICS
MELBOURNE (FILLO DRIVE)
Rhys Alvarez
Dewar, Aaron Bond, Kimberley Davis, Julia De
Rossi, Josh Eastwell, Pinar Gulmen, Liam Jilla,
Aleksandra Jovanovski, Bradley Lightburn, Daniel
Mason, Riordan McCarthy, Nicholas Meehan, Karim
Moham, Toby Smith, Christopher Stephens, Huitao
Zhou.
MAINFREIGHT LOGISTICS
MELBOURNE (NOBLE PARK)
Molly Boswell,
Jake Charles, Peyton Coghlan-Savage, Michael
Datseres, Kaytlyn Davies, Riki Davies, Senad Dosic,
Anthony Ennerst, Craig Fenney, Milka Ilijanic, Natalie
Jonker, Andrew Journeaux, Gregory Kennedy,
Patrick Kerr, Ryan Knipe, Resalene Lavaka, Daniel
Martin, Angelo Michael, Ha Nguyen, Nathan Power,
Presley Purcell, Sayed Shahi, Ranbir Singh, Dean
Sinnbeck, Clive Smith, Sengly Tann, Eric Thea,
Jason Thea, Aaron Varga, Joel Winder.
MAINFREIGHT LOGISTICS PERTH Kyle
Baskerville, Drew Benson, Hamish Bradley, Helen
Brookshaw, Craig Ellis, Matthew Elphinstone,
Alexander Griffin, Brett Hoare, Nicholas Marshall,
Sasa Pelemis, Gerald Randle, Ricky Sassanelli, April
Schmidt, Scott Taumata, Brendon Taylor, Zachery
Taylor, Ryan Vagg.
MAINFREIGHT LOGISTICS
PERTH (KEWDALE)
Marlon Fresher, Joshua
Matthews, Taras Melsom, Shaun Passmore, Pauline
Poi, Regan Sorensen, William Tuheke-Wade,
Todd Vallerine.
MAINFREIGHT LOGISTICS
SYDNEY (KOOKABURRA)
Bethany Baillie,
Mustapha Beri, Brendan Burke, Raymond Camillire,
Kayla Collins, Joshua Cutrupi, Sejla Dizdaric, Taylore
Filko, Scott Forsyth, Matthew Gowman, Elise Hart,
Ali Hassani, Aaron Hill, Susila Ika, Mustafa Jan,
Alexander Joyce, Steve Kalim, George
Kapagiannos, Ousama Kheir, Matthew Knox, Kadir
Koksal, Rajeenth Kugathas, Ashleigh Lemmon,
Jordan Lennon, Faith Ling, Stephen Loion, Paul
Loveridge, Xian Low, Andrew Luu, Don McClean,
Christopher McGrath, Annie McKee-Salesa, Luke
Monk, Peter Moodley, Solina Ngov, Shaun
Nunn-Paton, Blake O’Reilly, Shaun O’Reilly, Sunti
Ouk, Vitda Pangnanouvong, Luke Parkes, Glenn
Parkhill, Daniel Payne, Jessica Rao, Kalen
Rawiri-Reed, Kurt Reeves, Aaron Rossiter, Melona
Sabellano, Nilakshan Sharvanandha, Samantha
Simonian, Sam Sita, Mele Tamaofa, Andrew Taylor,
Xena Temu, Christopher Webb, Shane Zielonka.
MAINFREIGHT LOGISTICS SYDNEY
(PRESTONS)
Faapaia Alao, Luke Arena, Dylan
Ball, Christina Bekkema, Emilija Benderovska,
Marissa Berioso, Jacob Briggs, Nathan Brisenden,
Raymond Burgess, Charlie Camilleri, Viviana
Carreno, Catherine Catania, Augusto
CepedaSimoes, Deepa Chandra, Virginia Cheong,
Shepherd Chigiya, Pik Choy, Andrew Christiansen,
Dalton Christie, Rowan Cooke, Rhiannon
DÁgostino, Pramendra Datt, Ryan Denmeade,
Gregory Doherty, Jackson Elliot, Desmond Esera,
Merie Fabian, Futakihaagana Fepale, James
Fitzpatrick, Florita Forrester, Rui Geng, Sok Ghoy,
Ian Gibson, Scott Green, Tannia Gujanto, Joe Harris,
Lisa Huy, James Iorfino, Aris Izmirlian, Michael
Jackson, Yu Jing, Leanne Jones, Riyaz Jordan,
Tonielle Kau Kau, Matt Kennedy, Erato Koukides,
Matthew Lam Cang Bap Tai, Megan Lawson,
Kukama LelilioSiu, Pene Lipine, Rangimarama Maa
Tauati Iakopo, Tuone Maile, Denny Mankin, Juan
Mantes, Terachel Marurai, Stacey Maundrell, Sally
McCarren, Glenn McDonald, Ivana Mitreski, Mitchell
Montgomery, Brooke Moretti, Maata Ngatai, Julina
Ngov, Thi Nguyen, Pohorambage Nilantha, Swee
Ong, Franca Onwodi, Delia Osorio, Ivan Osorio,
Daniella Pallone, Faye Pating, Antonio Pavez, Tanya
Pavez, Keith Penman, Sopha Phimmasone,
Santhush Pohorambage, George Popovski, Victoria
Potifara, Jade Powell, Ronald Prasad, Fernando
Puglia, Ashlie Rawnsley, Alex Rivera, Benjamin
Robins, Samuel Robins, Andrew Robinson, Ashley
Ross, Vandhana Ross, James Rullo, Karl
Rutherford, Tarek Saad, Rae Sabando, Premal
Shah, Shahban Shah, Damien Shankar, Anthony
Sialavai, Dragan Simonovski, Matthew Smith, Abigail
Tago, Olomaene Tago, Dean Tanweer, Suhandy
Tengara, Fredrick Tevaga, Michael Thompson, Klara
Thwaite, Tracey Tihema, Emily Tran, James Tran,
Kiec Tran, Tin-Shing Tse, Dolores Upton, Aaron
Vallely, Jordan Velcich, Lisa Vo, Jarred Wetere,
Jazmin Willcockson, Jamie-lee Williams, Sophal
Yos.
MAINFREIGHT METRO BRISBANE
Scott Aspinall, Harpreet Brar, Ranjit Brar, Noel
Cumner, James Date, Lucas Gatto, Pardeep Gill,
Cody Hart, Hayley Hollindale, Zuzana Horniak,
Yvonne Ili, Robbie Jackson, Himesh Kamdar,
Shabahaz Kanith, Brad Keating, Clint King, Jinder
Kumar, Nima Najafpour, Steven Pomeroy, Manoj
Punj, Arvinder Singh, Gurjot Singh, Harminder
Singh, Harvinder Singh, Jattana Singh, Mandeep
Singh, Tejbir Singh, Josephine Smith, Alan Taylor,
Khalid Usman, Michael Walker, Samantha Ward,
Yong Zhu.
MAINFREIGHT METRO
MELBOURNE
Abdul Arshed, Meron Ashebire,
Yilma Asherbire, Jim Aygun, Ricky Banga, Lanelle
Barkho, Timothy Brown, Nicholas Cerchiara, Kolio
Falealii, Daljeet Goraya, Rifet Gorovic, Parminder
Handa, Imraan Haylaz, Bob Inoue, Navdeep Johal,
Peter Klein, Stevo Krstevski, Minh Lam, Stephanie
Marroun, Bereket Mulholland, Xuan Minh Phan,
Grace Polgar, Elvin Satendra, Ozkan Sener, Bikramjit
Singh, Gurjeet Singh, Gurlal Singh, Harmandeep
Singh, Jassi Singh, Kuldeep Singh, Rajinder Singh,
Ramandeep Singh, Satwinder Singh, Sharan Singh,
Varinder Singh.
MAINFREIGHT METRO
SYDNEY
Arthur Alexiou, Jayraj Amrutlal Panchal,
Mohammed Ashifdar, Dallas Blitvic, Michael Blitvic,
Deni Bozinovski, Alan Brown, Francisco Candido De
SouFerreira, Jiri Chek, Ethan Cole, Alistair Davey,
Tony Dimovski, Ngoc (David) Dinh Nguyen, Andrew
Gailani, Rgheed Ghdhaib, Habib Hadi, Jane Henry,
Jacqueline Holt, Kylie Jones, Paul Jones, Kire
Josevski, Nick Karapalevski, Andrew Kumar, Thanh
Le, Christopher Maggs, Zac Mohamad, Selvakumar
Navarathinam, Thai Nguyen, Ricardo Odiamar Pan,
Kirtesh Parsunath Baran, Gaya Prasad, Lindsay
Puckeridge, Ali Rahal, Atma Ram, Mike (Mihindu)
Ratnayake, Malik Sabih, Maetham Salah Zeebala,
Sujeet Singh, Craig Smith, Xingzhi (Didy) Sun, Saso
Sutarov, Nikolce Tasevski, Joshua Taylor,
Goranco Trajkoski, Monathal Yousif, Ghulam Zohori.
OWENS BRISBANE Shareen Ali, Daniel
Andrasescu, Paul Bellamy, Desmond Bertram,
Darren Copland, Jamie Davis, Steve Dibley, Nunzio
Fichera, Shaun Gilmour, Ross Hastings, Sandeep
Kumar, Fereniki Londy, Teofil Lucacua, Lisa Mahy,
Rhys Mahy, Kristie McKenna, Murray McMahon,
Ezechil Opris, Cornel Pacurariu, Kim Pawsey, Kane
Pinney, Matt Provost, Adam Real, Mark Redman,
Brit Reynish, Mustafa Rezaie, David Sandor, Tibor
Sandor, Sharyn Santoso, Kelly Shortall, Davinder
Singh, Gursewak Singh, Jag Singh, Jaspal Singh,
Manbir Singh, Pushipinda Singh, Sukhdev (Harry)
Singh, Surjit Singh, Manjot Singh Gill, Dalbir Singh
Sandhu, Parmvir Singh Thind, Hayden Smith,
Timothy Stewart, Zoltan Takacs.
OWENS
MELBOURNE
Nick Apostolovski, Zlate
Apostolovski, James Bennett, Ian Callen, Jessica
Clayton, Anthony Coles, Mathew Coles, Jose
Conejera, Jose Conejera, Greg Cook, Roderick
Douglas, Danielle Edwards, Krystal Fox, Peter Fox,
Jonathon Galluzzo, Manuel Goncalves, Christian
Hargreaves, Jake Hedley, Tony Henderson, Shaun
Hurrell, Melanie Hynd, Mandeep Jackson, Jovan
Jovanovski, Monty Khaira, Parveen Lamba, Barry
Lynn, Vince Mammone, Scott McEachern, Antony
Papalia, Rodney Patterson, Narinder Rai, Josue
Romero Rodriguez, Nigel Rouse, Martin Sammut,
Avtar Singh, Baljinder Singh, Gurvinder Singh,
Malvinder Singh, Manpreet Singh, Gary Singh
Sandhu, Harjinder Singh Sandhu, Andrew Smith,
Andrew Thompson, Ross Turner, Luke Van Meel,
Tommy Vu, Nathan Zahra.
OWENS PERTH
Martin Buckland, Samantha Cox, Tyron Harman,
Lachlan Leggett, Nigel Leggett, Tony Pain, Gethash
Ramlukun, Jarryd Reeve, Sumit Sehgal, Paul
Sheppard, Carl Simons, Gurjant Singh, Gurvir Singh,
Harwinder Singh, Tejwant Singh, Netana Tauhinu,
Jason Templeman, James Trinidad, Donnacha
Walsh.
OWENS SYDNEY Jessica Adamson,
Jordan Andersen, Hugh Blaxland, Mark Boyd,
Mende Bozinovski, Roberto Catalano, Hirdesh
Chand, Craig Connors, Colin Coulter, Nick
Dimitropoulos, Mohamed Elneny, Damen England,
George Evangelou, Glen Finlay, Nicholas Francis,
Dario Fredotovic, Benjamin Gilks, Oguzhan
Gozubuyijk, Vangel Gramosli, Brian Hogarty, Keith
Jones, Paul Jordon, Phil Jordon, Bobi Karaguleski,
Zinal Khan, Peter Kolozos, Paul Konstantinidis,
Dave Lembke, Ali Madrajat, Ngaori Maeva-
Manapori, George Mantzakos, Dean Marks, Glen
Marshall, Paul McCracken, Tristram McKay, Vale
McKenzie, Robert Michael, Cristian Montoya
Brohoquis, Cuong Nguyen, Emily Nicholls,
Christina Papoulia, Marcus Peat, Van Pham, Mike
Reid, Reino Repo, Ljupco Ribarevski, Josephine
Riservato, Pasqua Riservato, Annalisa-Maria Rizzo,
James Russell, Arnika Seed, Karyn Seed, Peter
Stamos, Mirce Stojoski, Graham Stone, Keith
Stone, Ronald Stone, Graeme Syphers, Macauley
Thomson, Mateusz Tonowicz, Emily Tuitufu,
Emma-Jayne Vetter, Ben Wilson, Eddy Wosik,
Costa Xenos, George Xenos.
TRAINING TEAM
AUSTRALIA
Gabrielle Arena, Louis Arnott, Troy
Bennett, Dale Cranston, Katrina DeKoning,
Gabrielle Fage, Natalina Fisher, Warren Glover,
Rachel Hilton, Kelsey Mitchell, Colleen Moore,
Debra Netherway, Ashley Taylor, Shona Taylor,
Winnie Tong, Dietmar Venkort, Salvatore
Viavattene.
Asia: China
CAROTRANS GUANGZHOU
Lance Feng, Kidd Li, Jessie Xiong, Lousie Zheng.
CAROTRANS SHANGHAI Jeff Bian, Yuki
Dong, Riyo Jiang, Lawrence Qin, Helen Sun, Benny
Tang, Sarah Yuan, Gary Zhang.
CAROTRANS
SHENZHEN
Lydia Cai, Yonas Fong, Nil Lam,
Danny Lan, Helen Li, Abby Lin, Jemma Liu, Sue Su.
MAINFREIGHT BEIJING Kingkong Jin, Amy
Liu, Catherine Xie, Fiona Zhao.
MAINFREIGHT
CHENGDU
Zoe Cao, Paul Chen, Phoebe Cheng,
Ada Dai, Andrea Dong, Share Du, Linda Fan, Bubble
Guo, Joy Guo, Abby Han, Benny Liu, Summer Luo,
Enid Shi, Connie Sun, Cara Wang, Summer Wang,
Lumi Xiao, Ariel Xie, Rhea Xu, Joyce Yuan, Canace
Zhou.
MAINFREIGHT GUANGZHOU Ben
Chen, Yoyo Chen, Dick Deng, Lynn Hu, Sweety Li,
Vivian Liang Liang, Jane Liu, Judy Liu, Natalie Liu,
Ray Liu, Cecilia Luo, Anita Su, Angela Wang, Castie
Wu, Cecile Yu.
MAINFREIGHT NINGBO Bobo
Cai, Vicky Chen, Vivi Chen, Jane Ke, Frank Li, Lisa
Li, Rain Shan, Andy Sun, Sunny Sun, Wesker Wang,
Emily Wu, Michelle Wu, Carl Xu, Joice Xu, Cindy
Yang, Linda Yang, Paul Ye.
MAINFREIGHT QINGDAO Christopher Cai,
Rex Gao, Suki Han, Gary Hu, Eva Jiang, Helena
Li, Michael Li, Neil Li, Tiger Li, Steven Sun, Never
Xu, Miki Yuan, Amanda Zhang, Jacinta Zhao,
Vicky Zhao.
MAINFREIGHT SHANGHAI
Mario An, Joy Cai, Leo Cai, Squall Cai, Joe Chen,
Neal Chen, Kevin Dai, Aki Ding, Caroline Ding,
Tweety Ding, Frey Dong, Kenny Dong, Joanna
Fan, Nancy Fan, Roney Fang, Frank Fei, Jane
Gu, Kelvin Guo, Patrick He, Nina Huang, Peter
Huang, Joan Ji, Mary Jiang, Terry Jiang, Lydia
Jin, Nick Jin, Daisy Li, Joyce Li, Lucky Li, Andy
Liu, Anny Liu, Tom Liu, Olivia Lu, Rody Luo,
Echo Mao, Cindy Qi, Miko Ren, Jenny Shui,
Eric Sun, Joki Tan, Penny Tang, Cherry Wang,
Cici Wang, Steven Wang, Kristy Wei, Aaron Wu,
Enali Wu, Joyce Xie, Josh Xu, Michael Xu, Una
Xu, Yuki Xu, Wintour Yan, Lily Yang, Eddy Yao,
Allen Yi, Ranki Yu, Kimi Zhang, Onew Zhang,
Vivien Zhang, Zues Zhang, Ada Zhao, Kathy
Zhao, Minnie Zhao, Daniel Zhou, Zoey Zhou,
Apple Zhu, Vincent Zou.
MAINFREIGHT
SHENZHEN
Healer Diao, Dora He, Summer
Huang, Dylan Ji, Vincent Lee, Cara Li, Karin Li,
Sasa Liang, Sunny Lin, Letina Liu, Rolla Liu,
Vincent Sun, Crystal Wang, May Yang, Paul
Yuan, Xuan Zeng, Annie Zhan, Megan Zhan,
Cindy Zhang, Seven Zhang, Shayne Zhang,
Symia Zhang, Yukey Zhang, Jenny Zhong, Jotine
Zhong, Canni Zou, Cathy Zou.
MAINFREIGHT
TIANJIN
Sage Chang, Carol Chen, Jason Jiang,
Momo Ma, Jenny Niu, Carson Sun, Jade Sun,
Zoom Sun, Wendy Tian, William Wei, Tracy Xu.
MAINFREIGHT XIAMEN Renny Chen, Roy
Chen, Sally Chen, Tina Chen, Colin Cheng, Jessica
Chou, Andy Guo, Will Li, Johnson Lin, Risa Su,
Bressanone Zhu. Hong Kong
CAROTRANS
HONG KONG
Meki Chan, Ray Chan, Coey
Cheuk, Abe Cheung, Carol Lam, Ivan Lau, Perry
Lau, Sharon Lee, Judy Leung, Elton Poon, Pearl
Sze-To, Suki Wai, Daffy Wong, Winter Wong,
Yvonne Yick.
MAINFREIGHT HONG KONG
Andrew Chan, Edwin Chan, Gary Chan, Joe Chan,
Stanley Chan, Jerry Chan, Wilson Chen, Edmond
Cheng, Cecilia Cheung, Eddie Cheung, Connie
Cho, Clement Chong, Queenie Chong, Mapy
Chow, Cary Chung, Vincent Fung, Elly Fung, Joe
Hsieh, Winnie Huen, Carrie Hui, Franklin Hui, Noel
Kong, Timothy Kong, Peter Koo, Kurt Kwan, Elyse
Lai, Steve Lai, William Lai, Franky Lam, Ivan Lam,
Ivy Lam, Jacky Lam, Yuk Lam, Simon Lau, Gary
Lau, Joyce Lau, Kittie Lau, Judith Law, Jouann
Lee, Matthew Lee, Wayne Lee, Joe Lee, Jason
Leung, Kathy Leung, Jackie Lo, Simon Lui, Franky
Lui, Jaimie Nip, Ming Pang, Ambrose So, Burt So,
Duncan Tang, Ricky Tong, Fannie Tsang, Magic
Tsang, Janly Wai, Chloe Wong, Crystal Wong,
Michelle Wong, Nicky Wong, Rose Wong, Nam
Wu, Michelle Yip, Kris Yu, CK Yuen, Sherman
Yuen, Nichi Zhui. Taiwan
CAROTRANS
KAOHSIUNG
Jean Liu, Sam Tu. CAROTRANS
TAIPEI
Milly Chen, Jimmy Chien, Nico Kuo, Eva
Lin, Amber Tsai, Joanna Tsai, Chloe Wu, Egbert Yu.
MAINFREIGHT KAOSHIUNG Joanna Bao,
Angie Chen, Mia Cheng, Annie Chou, Joyce Huang,
Liliy Wu.
MAINFREIGHT TAIPEI Zoeie Chao,
Josephine Chen, Winnie Chen, Hector Hsu, Ruby
Hsu, Ellen Kuo, Esther Kuo, Sindy Lee, Angelic
Lin, Jessie Lin, Eric Peng, Hank She, Stanley Su,
Jessica Wu. Japan
MAINFREIGHT JAPAN
Rui Kawasaki, Mami Konishi, Motoko Murata,
Yohei Negishi, Tomoko Sonoda, Saori Takashita,
Ryosuke Tohma. Malaysia
MAINFREIGHT
MALAYSIA
Jin Wen Ang, Chi Yee Chew, Hwei
Loo Lee, Weng Keong Lee, Ming Ian Liang, Pei Nei
Lim, Vei Kit Lim, Elise Vanessa Ng, Pei Ling Tan,
Tun Sherng Teoh, Keen Shyang Yap. Thailand
MAINFREIGHT THAILAND Pattamanun
Anuchitananon, Kodchaporn Arsaseney,
Sukanya Boonrueng, Withanya Ceetantivech,
Saowanee Chaiparinya, Nawarat Chalitapanukul,
Chatchawan Channim, Wuttichai Intarasil,
Patcharin Jakarathorn, Pathumporn Klinkaewpa,
Narirat Koksanthia, Salintip Lakananuwat,
Napassorn Mamaethong, Peeyaporn
Puangkheaw, Suttapa Rojanaporn, Narong
Sae-Iew, Jidapa Saeyab, Virongrong Sangkaew,
Krissana Sangpao, Kasidit Sarapanwong, Supang
Somboonkusolsil, Sommai Trakarnrung, Jinjuta
Woranit. Vietnam
MAINFREIGHT VIETNAM
Chau Cao, Lee Dang, Nancy Do, Sophie Do, Steven
Huynh, Gemma Le, Daisy Luong, Jessica Luong,
Ricky Ngo, Anna Nguyen, Bryan Nguyen, Richard
Nguyen, Selena Nguyen, Rita Pham, Alex Phan,
Michael Phung, Danny Tran, Janet Tran, Kevin
Tran, Nari Tran, Peter Vo, Stormy Vu. Singapore
MAINLINE SINGAPORE Clarence Cheng, Ken
Cheng, Bee Eng Chua, Jason Chua, Lim Joo Chye
Lim, Josef Tan, Billy Zhang.
ASIA
EU
Americas: Canada MAINFREIGHT
TORONTO
Dean Baran, Sara Bennis,
Alex Borghello, Elchanan Fontaine, Mike
Thompson, Carole Forbes, Shawn Roach,
René Van Houtum.
MAINFREIGHT AIR &
OCEAN TORONTO
Evgenia (Jane) Trogan,
Gustavo Amorim, Bogi Compton, David Frisina,
James McWilliam, Stacey Mitchell, Paul Ody,
Anna Pazynich. Chile
MAINFREIGHT
SANTIAGO
Diego Burgos, Miguel Cuevas,
Marcelo Hermosilla, Hector Lara, Barbara
Macias, Francisco Melo, Beatriz Osorio, Daniela
Vasquez. Mexico
MAINFREIGHT
MEXICO CITY
Pamela Angel De la Rosa,
Brenda Nayazú Angeles Leon, Ana Cristina
Cornejo, Nestor Usiel Garcia Olivares, Valeria
Fernanda Gonzalez Perez, Hector Miguel
Guerrero Lopez, Argenis Rodrigo Ortiz Mendez,
Guido Fernando Ruiz Polo, Alán Sánchez
Delgado, Antonio Carlos Sanchez Hernandez,
Guillermo Alberto Tena Mercado, Azucena de
Jesús Toledo, Brenda Vázquez Martinez.
MAINFREIGHT QUERETARO
Ivan
Garcia, Angelica Sais Insunza.
USA CAROTRANS ATLANTA Debbie
Brautigan, Jennifer Garner, Alice Macgregor,
Veronica Schock, William Young.
CAROTRANS BALTIMORE Michelle
Allison, Damilola Balogun, Marcos Cazares,
Steve Greenfield, Susan Kahl, Lisa Tryon.
CAROTRANS BOSTON Rafal Baturo,
Hiwot Kebede, Joseph Kleinmann, Brian
Moorhead, Ede Salvadore.
CAROTRANS
CHARLESTON
Milos Baric, Lienne Barrise,
Renee Basnett, James Bayne, Kelly Creson,
Kellyanne Dix, Beth Embry, Matthew Flanagan,
Clay Jones, Tyler Nichols, Melissa Raymond,
John Wilson.
CAROTRANS CHARLOTTE
Shelly Bisanar, Jamie Gunnells, Christopher
Montgomery, Tyrone Neville, Camise Normil,
Yenny Villafuerte.
CAROTRANS CHICAGO
Adam Bajek, Nicole Bobor, Lisa Brach,
Jasmyne Brown Roberts, Janice Brunning,
Brianne Buchholz, Olga Cazares, Elisabeth
Conboy, Dagmara Derlaga, Araceli Dominguez,
Sara Faddah, Elzbieta Filipek, Gladys Garza,
Susan Hicks, Jamie Houlihan, Nicole Jarzabek,
Debbie Klodzinski, Rita Kollias, Peter Kowalski,
Carol Malak, Timothy Merchut, Fiorella Meza,
Mark Milan, Karen Molnar Flores, Patricia
Moran, Nicole Muschong, Natasa Nikolic, Lynn
Ocasio, Catherine Petersen, James Stutzman,
Deanna Thoss, David Valadez, Anna Villafane,
Andrew Weisse, Ana Zarco, Joseph Zeno.
CAROTRANS CLEVELAND Diana
Beaman, April June, Cassidy Knauff, Abigail
Malson, Nathalie Oliveira, Magdalena Piktel,
Lori Radca, Whitney Williams, Andrew Zapinski.
CAROTRANS DALLAS
Krystle
Bouchahine, Thomas Cussen, William
Huddleston, Rebecca VanWylick.
CAROTRANS HOUSTON Colin Crabtree,
Mariajanette Espinoza, Aleksandr Kosachev,
David Mashburn, Theresa Maxie, Joshua
Namee, Mylinda Winton.
CAROTRANS
INDIANAPOLIS
Kristine Connolly, Stefano
Ferrari, Virginia Valentine.
CAROTRANS
LOS ANGELES
Maria Aldana, Cameron
Bemis, Maria Bitong Noche, Lueder Bitter,
Kari Christopher, Lorenzo Cometa, Andrew
Dickie, David Duyao, Elsa Gomez, Oscar
Gudino, Lexus Hansen, Jessica Hayes,
Siamack Heshmati, Norihiro Hisanaga,
Theresa Iamaleava, Darren Justice, Derek King,
Claudette Kwiat, Eduardo Lemus, Patricia
Maahs, Henry Man, Meha Marathe, Jazmine
Medina, Jennifer Miller, Jeremy Pacheco,
Robert Ramirez, Carol Rebullar, Diana
Sepulveda, Craig Stukey, Christopher Sullivan,
Mark Taitingfong, Rowina Tauanuu,
Christina Towne, Christopher Wilson, Merlin
Zepeda.
CAROTRANS MIAMI Deuris
Aguiar Naranjo, Roberto Ayala, Bruno Barbi,
Haymeli Castillo, Daniella Dellisanti, Rocio Diaz,
Gregory Meier, Susana Melara, Juan Melendez,
Bryan Meza, Daniel Orihuela, Juan Perdomo,
Jeniffer Possebon-Barbi, Cindy Rafart,
Jacqueline Ramos, Hugo Sequeira,
Branko Tomicic, Kika Veiga.
CAROTRANS
NEW JERSEY
Christopher Ablanedo,
Stephanie Adago, Oluseun Afolabi, Willie
Aguilar, Jessica Almonte, Maria Amorim,
Carlos Araujo, Takahiro Arima, Richard Awansi,
Erik Berger, Ana Bermeo, Kai Campbell,
Michelle Chan, Janae Chandler, Kerry Conn,
Nadiyah Dabney, Gary Dreuer, Christina Egan,
Natalie Espino, Misa Hernandez, Ken Hogan,
Shalise Hughes, Antanina Imbriaco,
Christopher Johnson, Sherard Joseph,
Takehito Kashiwabara, Latonia Kornegay, Janet
Lanni, Laura Litchholt, Samuel Martinez-Arias,
Debra McCarty, Michelle McGrath, Kevin Meza,
Kenneth Millroy, Jessica Murphy, Isaac Nelson,
Eugene Oh, Yashira Perry, Diane Pirozzi, Kelly
Preziosa, Andrea Quito, Kelly Rodriguez, Nicole
Salcedo, Julianne Santiago, Ellen Shindle,
Catarina Silva, Nancy Silva, Dillon Smith,
Matthew Spartz, Philip Szumanski, Zamary
Vargas, Ricardo Villacreses, Jeryck
Villahermosa, Mary White, Heidi Zhao.
CAROTRANS SEATTLE
Milton Carballo,
Andrea Cherry, Andrew Garrido, Ryan Ritchie,
Adam Whelpley.
MAINFREIGHT ALBANY
Scott Avery, Jeffrey Burke, Eileen Ceccucci,
Frances Fairall, Lisa Gaetano, Brian Gallagher,
Bryce Hicks, Natalya Ivashina, Rebecca Lahart,
Talia Lamiano, Agnes Maciorowski, Michael
Morrissey, Robert David Narcavage, Sincerity
Nomahegan, Elinor Rees, Nolan Sutton, Tracy
Zayac.
MAINFREIGHT ATLANTA
Brendon Belesky, Michael Benjamin, Bryan
Burton, Patrick Edd, Devyne Gilliam, Gye
Griffin, Brian Martin, Matthew Mayville, Lavon
McCord, Valencia McCree, Lanora Norton,
Sean Phelan, Beth Rosenbrock, Danny
Skipper, Michelle Smith, Kaycie Young.
MAINFREIGHT CHARLOTTE Nicole
Boccia, Brian Christopher, Johnny Collins,
Wicks Dickson, Scott Hopkins, Matthew R
Mays, Robert Nsonwu-Farmer, Julie Power,
April Pride, Michael Rosenbrock, Elisabeth
Ruggiero, Amy Walker, Jennifer Waters, Robert
West, Filipp Zaborenko.
MAINFREIGHT
CHICAGO
Lydie Anchling Jones, Kent
Anderson, Eric Bell, Suzanne Berner, Melissa
Bosnic, Melissa Bowder, Jasmina Catic,
Edward Chamberlain, Alejandro Chavez,
Samuel Comfort, Akomachi Contreras, Vijaya
Dasari, Eva Diaz, Fred Erhardt, Jonathan
Escutia Ponce De Leon, Brandon Fischer, Marie
Fohet, Justin Frisbie, Melissa Fuentes, Adrian
Gallardo, Matthew Gara, Jasmine Gonzalez,
Matt Gustafson, Lori Hageline, Michael Heithoff,
Mark Hines, Donald Hull, Marco Iannessa,
Mohsin Khan, Mark Kral, Thomas Kurtzer,
Jamaria Littleton-Donner, Taras Maksymovych,
Annalisa Marchiafava, Danny Mason, Maria
Mata, Thomas Merriman, Elizabeth Moore,
Mary Mumper, Kiley Ogden, Nathaniel Page,
David Rogalski, Christopher Ruiz, Desiree
Santos, Matthew Shatswell, Jon Shaw, Riley
Tryhorn, Jenny Valle, Erik Weidner, Justin
Yonkelowitz.
MAINFREIGHT COLUMBUS
Sherry Bivens, Jeffrey Infield, Christopher Khan,
Jason Meyer, Steven Rea, Tonia Uhrig.
MAINFREIGHT DALLAS Lane Adamson,
Richard Aitken, Shelley Aldaco, Misae
Amemiya, Karina Liliana Benavidez Guzman,
Willie Brewer, Basil Brockles, Ashley Burns, Ana
Calderon Copado, Kathryn Campbell, Andrew
Coulton, Diane Cox, Marty Cryer, Bharat
Dambal, Richard Dean, John Dunson, Clark
Elliott, Kyle Evans, Trevor Fossand, Brandon
Fuller, Monique Garcia, Antonio Garza, Ronny
Garza, Michael Gillaspie, Thomas Goodfallow,
Elsa Guzman, Deborah Hendrix, Johnny-Angel
Hernandez, Shelby Hill, Wesley Hutchings,
Phillip James, Jordan Karnes, Akshay Kothari,
James Lawless, Erin Lewis, Valerie Lewis, Todd
Luney, Mandy Ly, Eduardo Marenco, Trey
Matthews, Stefanie McGaughy, Nichole
Montoya, Miguel Morales, Marshall Oxentine,
Elsi Pacheco, Janesh Patel, Elizabeth Plaster,
Adam Renner, Donna Ridgeway, Carlos Rojas,
Anthony Salamino, Victoria Schomas, Seth
Sefah, Scott Sprick, Amy Strong, John Taylor,
Anthony Todd, David Wassef, Michelle Worden.
MAINFREIGHT DETRIOT Edward
Richardson, Jacob Varcie, Michael Watson.
MAINFREIGHT HOUSTON Zachary
Abeyta, Matthew Britton, Linda Callahan,
Carla Champion, Maria Cordero Guzman,
Lawrence Drucker, Miguel Duron, Jamilyn
Edmond, Tammy Edwards, Freddie Gonzales,
Sara Gravely, Blanca Holliday, Lori Hull Garcia,
Peter Joyce, Merrilee Levine, Sydney
Littlejohn, Mariana Obeso Montiel, Danielle
Perkins, Ronald Rodriguez, Cheryl Rogers,
Scott Rood, Kristian Stone, Krystle Vail,
Terrence Wakefield, Michael Zapata.
MAINFREIGHT LAREDO Brenda Gloria,
Reynaldo Rodriguez.
MAINFREIGHT LOS ANGELES Jose
Aguilar, Jose Aguirre, Ana Alvarez, Alonzo
Alviso, Robert Andrews, Javier Angulo, Dorcas
Armstrong, Andrew Badalian, Adam Barnes,
Katherine Becker, McDaniel Belony, Linda
Bettencourt, Ryan Betts, Sean Betts, Edward
Blancarte, Benjamin Bowie, Steven Brode,
Peter Burke, Christopher Burton, Rodney
Buskeness, Matthew Cable, Armando
Camarena, Raquel Canas-Thompson, Antonio
Carranza, Eva Caruso, Alexis Castro, Jhovanny
Castro, Nelson Cheung, Janet Clark, Kenny
Cobos, Richard Cohuo, Joseph Connors,
Abraham Cortez, Claudia Cortez, Stephen
Curle, Lance Dailey, Joseph Daniel, Maryjane
Dauis, Mary Dawkins, William De La Cruz,
Analisa Dennis, Sera Dennis, Harshvardhan
Dharamshi, Ruby Dominguez, Elizabeth Duran,
Peter Dyeremose, Celine Eazell, George
Ehrreich, Taschana Epps, Jacqueline Estrada,
Michael Forkenbrock, Ronald Frady, Byron
Franks, Veronica Friedland, Matthew Friedman,
Michell Galavis-Vazquez, Jacqueline Ganther,
Denise Garcia, Isaac Gettis, Raewyn
Glamuzina, Eric Gonzalez, Jeremiah Gregersen,
Caitlin Grice, Ernie Griego, Joyce Guillen-Cox,
Andrew Hall, Laurie Hamid, Ali Heidari Saeid,
Brian Heidrich, John Hepworth, Lisa Herrera,
Judy Hua, Ajanae Hunter, Heriberto
Igueldo-Flores, Nicholas Ireland, Patricia
Jimenez, Debra Johnson, Edward Joseph, Ian
Katz, Seife Kidane, Hyo Kim, Michelle King,
Jonathan Kirwan, Patrick Kirwan, Brittany
Kolacki, Carlos Labrada, Caitlin Laos,
Alexander Lasota, Abraham Leandro,
Esperanza Leanos, Sung Chae Lee,
Christopher Leighton, Jeffrey LeMaster, John
Lewczyk, Kara Lewczyk, Martin Lopez, Daniel
Lund, Tyler Lund, Elisa Lupian, Marcela Macias,
Katherine Marroquin, Alan Martinez, Cynthia
Martinez, Desiree Martinez, Henry Martinez,
Barry McLemore, Jorge Mejia, German
Mendoza, Janeth Meza, Miguel Meza, Kane
Michalick, Maree Michalick, Shane Michalick,
William L Minard, Marissa Monteroso, Alba
Montes, Rigoberto Mora, Marie Morales,
Michelle Morales, Angus Morrissy, Michael A
Moval, Silvia Mueller-Thompson, Delayel
Mukhtar, Jesus Munguia, Jeffrey Nallick,
Clarence Nelson, Mark Neumann, Kimberly
Nguyen, Christina Nielsen, Ryan Ogren, Young
Yong Oh, Erik Ohler, Rafael Oliveira, Jovita
Orozco, Pierre Ortega Diaz, Maria Ortiz,
Danielle Palmquist, Kim Parker, Michael
Paynter, Simon Perez, Sandra Phillips, Ivan
Ramirez, Victor Ramirez Yui, Craig Robb,
Stephanie Rodrigues, Frank Rodriguez, Olivia
Rodriguez, Karen Rogers, Alma Rosa, Alena
Rumiantceva, Beatriz Salcido, James Seifert,
Paul Sharpe, Shih Yen Shen, Anita Smith, Yung
Sun, Nathan Thomas, Shijin Thomas, Mieko
Thompson, Eric To, Cesar Torres, Luis Uriarte,
Benjamin Ushkow, Thomas Valentine, Martha
Valenzuela, Isela Vazquez, Armando Velasquez,
Lilia M Villanera, Regina Warden, Susan M
Weiher, Dallas Anthony Wymes, Jaime
Zamora-Gutierrez, Anthony Zepeda.
MAINFREIGHT MCALLEN Rafael Garcia,
Christian Magana, Danielle Moreno, Cruz
Polanco Lara, Noel Rodriguez, Juan Sagrero,
Benito Salinas.
MAINFREIGHT MIAMI
Addeny Bracho Boniel, Yoelis Estevez, Doris
Gomez, Fernanda De Moraes, Jennifer
Pedreira, Pedro Pombo, Samantha Radell,
Eduardo Rivera, Nicole Szelest, Victoria
Whalen.
MAINFREIGHT MINNEAPOLIS
Scott Brunclik, Jaclyn Collins, Justin Ellingson,
Rose Peterson, Heather Zoccoli.
MAINFREIGHT NEWARK Jose Alvarado,
Sylvia Arroyo-Pazmino, Joseph Aviles, Orlando
Bahia, Carol Bausch, Patricia Bercy, Edgar
Berrios, Shirley Branch, Jules Branswyck,
David Bubb, Jonas Busse, Stephen Cacnio,
Rosaura Candelario, Carmen Caroleo, Arthur
Castellano, Svend Christensen, Christine
Correia, Tiffany Da Silva, Eliezer Fernandez-
Medina, Curry Fetcher, Aden Gelmi, Victoria
Gelmi, Daniel Hansen, Rodney Harris, Cole
Hopper, Emmaline Howard-Smith, Mary Ann
Kish, Peter Kruszewski, Freddy Landaverde,
Kevin Landaverde, Bryan Landin, Terry Lindell,
Lamar Massey, Kenneth Mattei, Anthony
Mazza, Ana Carolina McLeod, Luis Medina,
Jose Melendez, Jake Moller, Christian Montoya,
Carly Monzo, Minh Ninh, Timothy Pinckney,
Dries Pinoy, Steven Plummer, Stephanie
Quinonez, Julia Riker, Luis Rivera, Moises
Rodriguez, Oscar Rossini, Deborah Rumore,
Chandell Russell, Robert Siuzdak, Richard
Smith, Eric Stockl, Matthew Stuebe,
Danielle Torsiello, Steven Verissimo, Alexander
Warton, Hobyung Yi.
MAINFREIGHT
NORFOLK
Stephen Harklerode, Nancy
Sanchez.
MAINFREIGHT
PHILADELPHIA
Robert Coghlan, David
Cunningham, Jillian Darrow, Kaitlyn Dougherty,
Brandon Gardner.
MAINFREIGHT
PORTLAND
Tariq Abdellatif, Caitlin
Balderrama, Patrick Gary, Tareq Hunaidi,
Angelica Jaracuaro, Daniel Kinoshita, Ramine
Ravanbakhsh, Angel Rivera Ruiz, David Smith.
MAINFREIGHT SAN DIEGO Karen
Amador, Alanah Chavez, Frederick Cordova,
David Enriquez, Erika Heguy, Emily Le Ray,
Eduardo Liera Marquez, Kim Nguyen, Rene
Rodriguez, Paulina Zepeda Gilbert.
MAINFREIGHT SALT LAKE CITY Cathey
Bartholomew, Robert Comfort, Vincent
Marciano, Colin O’Donnel.
MAINFREIGHT
USA SUPPORT CENTER PHOENIX
Joseph Brouillard, Nicholas Bruemmer, Annette
Bustamante, Griselda Chavez, Sergio Chavez,
James Debyl, Michelle Grabek, Aaron Grewal,
Daniel Hutcheson, Alisa Mauldin, Coral Schultz,
Danielle Schultz, Jeremy Thomas, Ami Todd.
Europe: Belgium
MAINFREIGHT AIR &
OCEAN ANTWERP
Wannes Jansen, Peter
Roos, Patrick van der Hoek, Marnix van
Dishoeck.
MAINFREIGHT AIR & OCEAN
BRUSSELS
Katrien Baes, Charlotte Egrix,
Elke Loockx, Maria Catalina Munteanu, Rita
Rassalle, Bart Stevens, Ines Waegemans,
Laura Zenebergh.
MAINFREIGHT
FORWARDING GENK
Hamid Abbou,
Yannick Adriaensen, Jemale Ait Bahaouidder,
Sandro Arena, Osman Biberoglu, Geert
Biesmans, Tanja Biets, Abdelhadi Birbouz,
Abderrahim Birbouz, Johnny Brouns, Liselotte
Camps, Wouter Conings, Jeroen Creyns,
Dorine Daniels, Christophe De Backer,
Domenico De Nicolo, Peter Decock, Tom Dirix,
David Dops, Toufik El Khiari, Farid Farchich,
Dennis Gabriels, François Janssens, Paul
Joosten, Sven Kenis, Dimitri Kubiczek, Andreas
Landuyt, Olivier Lantin, Karen Liesens, Joris
Martens, Thijs Mertens, Dennis Moelans, Movldi
Mudalov, Stijn Mulders, Bart Peeters, Nicolas
Pouet, Axel Ramaekers, Marleen Saeren,
Lindsay Speelmans, Roberto Spiga, Astrid Van
Cauwelaert, Ingmar Vandebroek, Joffrey
Vandenbussche, Tom Vandeurzen, Patrick
Vanloffelt, Maarten Vannoppen, Dimitri
Vennekens, Kevin Verstraeten, Arno
Wackerghom, Parcifal Wackerghom, Zekeriya
Yildiz.
MAINFREIGHT FORWARDING
GENT
Qais Al-Dulaimi, Zekeriya Altintas,
Assaad Banjak, Carine Bauwens, Jamie
Cagnard, Mario Carette, Annemie Casier, Alex
Corbisier, Danny Craeye, Jean De Dieu Niyo,
Nicholas De Jonghe, Yoo Jung De Loof, Dirk
De Maeseneer, Joaquim De Oliveira Gomes,
Tom De Walsche, Didier De Wannemacker,
Pascal Debrabandere, Peter Deconijnck, Maxim
Defer, Benjamin Degryse, Franky Delanghe,
Serioja Delrue, Jan Desmet, Celine Devloo,
Jolien Dewolf, Cengiz Fani, Henk Feys, Sander
Flore, Wim Foulon, Coraline Haelvoet, Jessy
Hardy, Wilfried Hullebus, Pascal Janssens,
Thomas Janssens, Yves Janssens, Frederik
Jonnaert, Kamil Krempa, Bryan Laga, Filip
Laga, Mathias Lava, Filip Legiest, Kenny
Lemoine, Tatjana Logier, Veronique Lootens,
Marc Maerten, Didier Meertens, Kevin
Mestdagh, Fidele Nzuzi Kindanda, Marinus
Pastoor, Liesbeth Pierloot, Katrien Portier, Flore
Quitelier, Margot Ranson, Jamshid Rezaie, Axel
Saerens, Marlies Sevenhant, Manga Singh,
Piotr Sitko, Alegria Smekens, Felix Smeyers,
Khady Sow, Guido Staels, Jorit Sys, Lynn Thijs,
Dimitri Torreele, Stefaan Van Aken, Stijn Van
Den Broeck, David Van Den Bussche, Wannes
Van Den Kerchove, Bo Van Hijfte, Cindy Van
Hyfte, Anne-Laure Van Looveren, Yves Van
Vooren, Miguel Vande Walle, Andy Verbrugghe,
Stefaan Vercruysse, Joke Verkempinck, Wim
Verpoort, Jay Wyns, Nick Wyns.
MAINFREIGHT FORWARDING
OOSTENDE
Jos Allemeersch, Carine Bovy,
Annick Brokken, Kristof Cool, Jimmy
Cooleman, Romina De Smul, Karel Devogeleer,
Lili Devriendt, Lore D’Hooghe, Sabrina
Haeghebaert, Yves Knockaert, Glenn Labens,
Marie-Christine Lesage, Jean Manoula,
AMERICAS
Dirk Ragaert, Peter Sabbe, Line Van Den
Bogaert, Martine Van Hyfte, Katrien Vanden
Eeckhoute, Rudy Vandewalle, Sofie Vanhee,
Jos Vanmullem, Serge Vermander, Ingeborg
Verschorre.
MAINFREIGHT LOGISTICS
GENT
Kendra Caryn, Dimitri Hautekeete,
Bianca Lippens, Febe Van Heirseele, Arno
Versprille, Dries Wittevrongel.
MAINFREIGHT LOGISTICS
OOSTENDE
Fadi Abdulghani, Glenn Ampe,
Johan Baudewyn, Stephanie Baudot, Johnny
Beddeleem, Quentin Bentein, Kaylian Bertrem,
Anzor Beshiev, Katarzyna Beszczynska, Nicky
Beutels, Natalie Blomme, Bart Blondeel, Killian
Bocquez, Riad Boumaza, Olga Bourtseva,
Jeffrey Broucke, Daniel Capriotti, Alain
Cauwenbergh, Alex Cazzato, Wesley Cicou,
Bruno Clybouw, Benjamin Coopman, Mo
Coudijser, Carl Criem, Jonas Crombez, Miguel
Crombez, Jorge Da Rocha Azevedo, Stijn
David, Mario De Baets, Jordy De Gheselle,
Tessa De Groote, Ingrid De Rechter, Robin De
Sutter, Johan Debruyne, Nathalie Decramer,
Jamie Delorge, Robert Deman, Diego Denoo,
Caroline Depuydt, Kim Desmet, Shelly
Dewachter, Fanny Dewanin, Christine D’Hont,
Waykin Duangsri, Jean Dumon, Yannick
Dupont, Jimmy Duriez, Steven Duyck, Frank
Ediale, Frederik Eecklo, Nizar El Ali, Karol Flak,
Krzystof Flak, Sandra Fleurinck, Ilona Franckx,
Daisy Gaillez, Anthony Gallez, Mansur
Gandalojev, Anke Geebelen, Frederik Gielis,
Olga Gliniecka, Piotr Gliniecki, Irineusz
Godlewski, Dylan Gouwy, Erik Haesendonckx,
Dieter Hamers, Zuki Hassan Adelsattar, Miguel
Hollevoet, Claudine Houck, Sylvie Hullebus,
Dave Huwel, Glenn Huwel, Lisa Igodt, Christa
Janssens, Yuri Jolnerevitch, Zoltan Jonas,
Fabrice Junion, Gari Justianz, Samuel
Kamdem, Burim Kastrati, Jagdish Kaur, Laura
Kenis, Kenneth Kooy, Joanna Kujawa,
Abdelaziz Labane, Gianna Labeke, Filip
Laleman, Peter Laseure, Katja Lebeuf, Lynn
Legein, Joke Lepeire, Massivi Lubaki, Jason
Lussaert, Shelly Lusyne, Marketa Madlova,
Brenda Maes, Joeri Malesys, Didier Martinat,
Danny Merchie, Stacy Mesuere, Axel
Meuleman, Luc Meulemeester, Stephanie
Moyersoen, Shana Mylle, Umair Naeem, Cherif
Nagga, Sylvain Nowakowski, Ruxandra Obreja,
Pete Onyekwere Chukwunyere, Dicky oppong,
Palenthiran Patmanathan, Olivier Peel, Zsolt
Petrak, Jean-Pierre Pierloot, Bjorn Plas, Michael
Poupaert, Gregory Prevot, Paul Quireyns, Veerle
Ramon, Bogdan-Ionut Rascol, Glenn Rogiers,
Didier Rosseel, Maxim Rosseel, Nick Rouzere,
Pol Sabbe, Khalifa Salek, Arno Samaey, Sairam
Saurshanova, Yves Scherpereel, Bram
Schoutteten, Jean Paul Semerindi, Khurram
Shahzad, Issa Sherzad Mohammed,
Hekmatullah Shirzad, Hugo Silva, Redgy
Simons, Anthony Slabbinck, Tom Slight, Xenia
Smirnova, Jose Soto-Nicolas, Ludovic
Speecke, Derek Stemgée, Rachid Taki,
Mohamad Theibich, Sebastien T’Jonck, Kevin
Van De Voorde, Yens Van Den Bergh, Franck
Van Der Heyde, Myckie Van Hove, Cedric Van
Huffel, Kenneth Van Nieuwenborgh, Frederick
Van Rapenbusch, Philip Vanacker, Sylvie
Vancoppenolle, Jules Vandamme, Andy
Vandekerckhove, Christiaan Vandenberghe,
Isabelle Vandenberghe, Frederik Vandenbrande,
Kenneth Vandeputte, Patrick Vandeputte,
Fabian Vanderheyden, Ellen Vanderpoorten, Jay
Vanhou, Rudi Vankerckhove, Rik Vanneste,
Pascal Vanroose, Steven Vansteenkiste,
Elisama Verheecke, Fabienne Verhelst, Sandy
Verhelst, Jacky Verlee, Marc Vermeire, Bart
Verschelde, Katrina Visnevica, Sven Vlamynck,
Patrick Volbrecht, Manu Volckaert, Linda Vyvey,
Thoi Willems, Kevin Windelinckx, Jeroen
Wybouw.
MAINFREIGHT TRANSPORT
GENT
Hassan Altay, Igance Arnou, Pedro
Avelino, Tim Baete, Abdellatif Birbouz, Pascal
Boulangier, Neil Calingaert, Stijn Cozijns,
Philippe David, Peter De Backer, Bruno De
Bruyn, Guy De Mey, Danny De Meyer, Mario
Demey, Marc Denecker, Patrick Devillers,
Erwin Diesaert, Nicolas Dubois, Kadir Durmus,
Dzhafer Dzheferov, Udo Engels, Kevin
Gailliaert, François Ghesquiere, Christophe
Goossens, Daniel Helsen, Quentin Jacobs,
Ronny Keuren, Daniel Klupczynski, Jozef
Kujawa, Oleg Logounovitch, Marc Marey,
Monaam Moknassi, Philemon Moyersoon,
Khenji Mylle, Walter Parmentier, Robert
Piredda, Lennert Poppe, Sandy Scy, Christian
Sergeant, Didier Sinnaeve, Farid Souaddi,
Marc Speliers, Jerry Synaeve, Joeri Van
Gansbeke, Jan Van Parijs, Carl Verhulst,
Danny Vermeulen, Marie-Christine Walravens,
Sander Xhajaj, Daniel Zonnekein.
MAINFREIGHT / SYSTEM PLUS GENT
Ine Caymax, Daniel Di Pardo, Ivo Leurs, Debby
Missfeldt, Karolien Orlandini, Eddy Stals, Brent
Sybers, Antonetta Trobbiani, Ronny Van Cauter,
Ann Vanhaeren, Tom Verlinden. France
MAINFREIGHT AIR & OCEAN LYON
Florian Delarboulas, Philippe Thomassin.
MAINFREIGHT AIR & OCEAN PARIS
Thomas Brieudes, Thibault Fressard, Laetitia
Gourmelen, Camille Laroche, Veronique
Sabatier.
MAINFREIGHT FORWARDING
LYON
Mathilde Gairard, Orlane Revellin
Falcoz, Erick Saes, Lea Sapino.
MAINFREIGHT FORWARDING PARIS
Martial Aberlen, Gregory Aucouturier, Damien
Barrault, Mohamed Belbachir, Nicolas Bertrand,
Marie Bissey, Martine Blandin, Stephane Bobu,
Caroline Cordier, Sylvie Costa Neves, Steeve
Dalaize, Damien De L’Espinay, Claude Delblond
Rene, Kevin Delaitre, Vincent Delpech, Marine
Deniau, Isabelle Denon, Tyler Derby, Elina
Desbat Malakhova, Thibault Detrouselle, Drissa
Diallo, Cedric Diarra, Nahida Djezzar, Jean Noel
Doko Bahonda, Paola Dos Santos Evora, Nadir
Dramsy, Clement Dupas, Florian Durand,
Jeremy Engelmann, Ludivine Franguides
Fontaine, Antonin Frayssinet, Yannis Girard,
Laurent Janniaud, Stephanie Jasmin, Youssef
Jdaini, Melodie Julien, Ahmed Kaissani,
Sebastien Labe, Thierry Lacoudray, Adel
Laidouni, Rodolphe Lenhart, Muriel Loube,
Dylan Maaroufi, Charles-Henry Maingard,
Abdoulaye Marega, William Marrion, Antoine
Maslyczyk, Faten Meite Essid, Thierry Moisan,
Thibault Moreau, Celine Munoz, Julien
Neuschwander, Franck Pardo, Emmanuel
Peccatte, Oceane Pereira, Raphael Pidecyan,
Bruno Pommier, Soda Ponn, Clemence Prive,
Robert Prunier, Eric Puyet, Yann Quenard,
Yannick Rodrigues Ribeiro, Arthur Roulier,
Jacky Rupaire, Naoual Teffah, Jody Tumba
Makinu, Julien Vieville, Damien Vesse.
Germany
MAINFREIGHT AIR & OCEAN
FRANKFURT
Severin Janus, Stefan Kickler,
Daniel Kirsch, Christian Kleis, Nicole Körner,
Leny Leinich, Sebastian Novak, Jean-Luc
Richter, Christiane Schäfer, Lena Schmidt,
Ioannis Siamanis, Maximilian Ziegener.
MAINFREIGHT AIR & OCEAN
HAMBURG
Tamara Dwenger, Danny
Dwenger, Matthias Sartor. Italy
MAINFREIGHT AIR & OCEAN MILAN
Giulia Colombo, Sara Di Fonzo, Cristian Milardi,
Giorgio Mongeri, Loris Parise, Valeria Ratti,
Emanuela Tedoldi. Netherlands
MAINFREIGHT AIR & OCEAN
ROTTERDAM
Chris Arnout, Mitchel
Barendregt, Marije Beliën, Ricardo Bello, Jason
Braid, Dermot Clark, Melvin Da Luz, Ronald den
Held, Nadia Diraa, Björn Febus, Cora Greven,
Michiel Hoekstra, Bert Hoepel, Monique
Kleijburg-Streefland, Laura Kuijpers, Mitchell
Lagendijk, Liselotte Lorenzo Sanchez, Maarten
Mol, Roushan Nohar, Lucy Partridge, Jake
Pascoe, Carlo Pons, Rhea Post, Remy
Rosendahl, Niels Stadthouders, Dion Tolenaars,
Arthur van Amen, Astrid van Dam, Veronique
Van den Berge-Peerboom, Yvonne van den
Berg-van der Hout, Angelique Van der
Spuij-Visser, Ramon Van Hek, Matthijs van
Herk, Nikki van Herk, Mariska van Shaik, Stijn
Vliegen, Jacco Wijker.
MAINFREIGHT AIR
& OCEAN SCHIPHOL
Arnold Bierma, Janis
Dislers, Raymond English, Jeroen Geerdink, Ian
Graham, Samuel Grootjes, Esmee Heuvink,
Daniel Joor, Rick Keurentjes, Gideon
Lioe-A-Tjam, Nic Matthews, Georgina
Shelton-Agar, Mels van Egmond.
MAINFREIGHT CROSSDOCK
‘S-HEERENBERG
Bodo Apmann, Chantal
Arts, Ibrahima Bangoura, Gert Beernink, Lucas
Berendsen, Twan Berndsen, Bas Besselink,
Bastiaan Besselink, René Bisselink, Diana
Bisselink-Disbergen, Harold Bosch, Daniël
Bouwman, Jeroen Bouwman, Tonny Buijl,
David Burkhardt, Piotr Chmielowski, Thorsten
Claassen, Bahri Coroz, Ramon de Bakker,
Musa Dellal, Osman Dincsoy, Sven Ehme, Gert
Essink, Robert Fricke, Derk Geersing, Bart
Giesen, Hans Hageman, Patrick Helmink,
Hayco Hendriks, Wilco Hendriks, Milko
Heurnink, Gerben Heymen, Stephan Horn,
Bennie Jansen, Kai Jansen, Poldien Keurntjes,
Erol Kilicdere, William Kniest, Dennis Konstapel,
Stefan Koolmees, Harald Kuhfuss, Levent
Kumurcu, Gerard Kupper, Mehmet Kurum,
Jeroen Lakwijk, Uwe Lamm, Henk Lammers,
Peter Langenheim, Pascal Lieon, Ronald
Luikink, Christian Mai, Frauke Mellendijk, Björn
Meunders, Martin Meyne, André Miguel,
Michael Neils, Mohamed Osman, Geurt Poel,
Meriam Rengelink-Bongers, Guido Roes,
Jeffrey Roes, Alexander Rudi, Rik Ruikes,
Richard Ruthers, Dorie Rutjes-Janssen, Umut
Sari, Boris Sestakov, Saban Sevimliay, Nick
Sewalt, Geert Steltjes, Joey Stinissen, Cor
Straub, Karl Heinz Tabatt, Richie Tatoglu, Hein
te Winkel, Dewi Tebeest, Cuma Temir, Sevket
Temir, Raymond ten Haaf, Mike ten Holder,
Annette Thiele, Etiènne Thies, Ralf Timmer,
Ercan Tuku, Jan Ursinus, Sebastiaan van Aken,
Jeroen van Broeckhuijsen, Ruud van Buuren,
Peter van de Kamp, Nico van den Heuvel,
Pascal van der Meer, Francis van Zelst, Lucas
Veenhof, Remo Verschueren, Willem Visser,
Pascal Wevers, Jozienne Wijngaarden, Marc
Wijnsema, Hennie Willemsen, Hatem Yaktemur,
Haci Yildirim, Arthur Zegstroo.
MAINFREIGHT CUSTOMS
CLEARANCE ‘S-HEERENBERG
Petra
Beumer, Angelo Daamen, Gerrie Heering,
Jacqueline Hendriks-Ras, Regan Hulsink,
Remilda Jansen-Mennings, Fred Martens,
David Pouwels, Peggy Reinders-van Koot,
Rieky te Grootenhuis-Hebbink, Bram Tromp,
Judyta Wieczorek.
MAINFREIGHT
FORWARDING ‘S-HEERENBERG
Rob
Aalders, Tonnie Abbenhuis, Serdar Baktir, Salih
Bal, Stefan Banning, Sylvia Bavelaar-Cowan,
Ina Beekhuizen-Roes, Pieternel Beekvelt, Tom
Benning, Roy Bergevoet, Jordy Bergman,
Marco Berndsen, Harriëtte Berndsen-te
Dorsthorst, Edith Bijenhof-Wevers, Rianne
Bisseling, Yvonne Bleekman, Robin Boeijink,
Tanja Bondarchuk, Boudewijn Bongers, Stefan
Bongers, Hans Bruggeman, Jeroen Bruil,
Robert-Jan Bruil, Randy Bruns, Iuliia
Bruns-Klepikova, Gerda Buffinga-Feddes, Rifat
Bugdayci, Ilke Bultink, Maikel de Graaf, Janita
de Jong, Jeroen de Lange, Bob de Ruijter, Bart
Decnop, Jordy Dellemann, Mirthe Dellemann,
Menno Diepenbroek, Tania Donis Psarou, Mirjan
Donkers-Liebrand, Ivo du Plessis, Muhammed
Durucan, Marcel Duvigneau, Max Ebbers,
Corrie Ederveen, Margo Eijpe-Stoverinck, Ron
Enzerink, Clemens Farwick, Mark Feukkink,
Anton Frauenfelder, Danja Frauenfelder, Yoram
Frauenfelder, Ceriel Frensen, Leander Geelen,
Michael Gersjes, Anne Giesen, John Giezenaar,
Hans Groothuis, Tamara Hakfoort, Ylaine
Hansen-Böhmer, Jaimy Hartjes, Wessel
Heezen, Jesper Heijkoop, Patricia Heijnst,
Marieke Heinen, Eddy Heister, Gerry
Helmink-Steinvoort, Niels Hendriksen, Joost
Hermsen, Anouck Hesseling, Wilco
Hogenkamp, Sonja Holstein-Reumer, Ramon
Hueskes, René Inkenhaag, Amar Jaggan, Cindy
Jansen, Lars Jansen, Wouter Jansen, Koen
Janssen, Douwe Kaastra, Pargol Kashani
Nejad-Azarbad, Dora Kasper, Hans
Kloosterboer, Aaron Kock, Miranda
Kock-Augustijn, Wim Konings, Linda Korteweg,
Rut Koster, Marcel Kramp, Rien Kranen,
Sierra Krawiec, Pascal Kuiper, Ellen
Küppers-Kolkman, Nikky Langkamp-van
Veluwen, Ivan Larsen, Erik Leijgrave, Bas
Lentink, Mirjam Lieven, Cilia Lorx, Tanja
Loskamp-Verstegen, Angelique Lovink, Berni
Luimes, Jurgen Lukassen, Marloe Maalderink,
Joep Marissink, Jos Marissink, Monica
Marissink-Jansen, Ferdinand Massop, Nicole
Messing-Liebrand, Sem Methorst, Lex
Miechels, Kasia Mierzwinska-Donck, Antonie
Moonen, Gerben Müller, Peter Nagel, Rosie
Neervoort, Stef Nijdeken, Chris Nijland, Kim
Notten, Frank Overgoor, Jordi Overgoor, Cilia
Peters-Boerboom, Kees Plantinga, Esther
Pol-Bolwerk, Djaran Polman, Marijn Pothoff,
Ronald Putman, Reinoud Reesink, Harmen
Rijks, Bryan Roelofsen, Pepijn Rosendaal,
Margo Rottger-Goorman, Tamme Sanders,
Jeroen Schuurman, Jitske Schuurmans, Jack
Schweckhorst, Anita Seegers, Ronnie Sessink,
Marloes Siemes, Silvia Siemes-Aalders,
Rob Silvius, Anneke Slotboom-Meulenbelt,
Martin Sluyter, Mike Sommers, Yvonne
Sommers-Böhmer, Amanda Sonneveld-Lents,
Angelique Stefas-Vinkenvleugel, Aydé Sterk,
Daniël Suvé, Lian te Luke, Willem-Jan Teitink,
Eyüp Temir, Rob ten Bhömer, Karin Timmerman,
Jean-Baptiste Topenot, Giovanni Tornabene,
Ruud Tousain, Nick Trentelman, Marga van
Brandenburg, Rob van Bueren, Suzanne van
Dam, Femke van de Zand-Janssen, Sjoerd van
den Bos, Luc van der Horst, Guus van der
Stelt, Joost van Gaalen, Jet Van Haaren-te
Dorsthorst, Helga van Manen, Danny van
Oostveen, Harald van Schooten,
Elles van Veen-Winkel, Winfried van Vessem,
Sebastiaan van Wageningen, Joost Verdouw,
Fred Verholen, Roy Verploegen, Nick Verweij,
Lammert Wanders, Martine Wegenhousen,
Natalie Weijenbarg-Bos, Niek Wenink,
Annemieke Westerhof-Aalders, Melvin
Westerveld, Mark Wevers, Kay Wijkamp, Erwin
Willemsen, Alex Wilmans, Cissy Wingelaar,
Sander Wolsink, Oktay Yalcin, Frans Zuidgeest.
MAINFREIGHT HOLDING
‘S-HEERENBERG
Aron Aaldering, Nassim
Ait Bahaouidder, Arjan Albers-Weijermars,
Anne-Kim Alserda, Danielle Arendsen, Bram
Assendorp, Lydia Baars-Kuster, Leon Bakker,
Wesley Banis, Jules Barten, Donna Bekker,
Sabrina Ben Haddou, Wiecher Berghorst,
Raymond Beskers, Annelies Bijsterbosch-van
Leeuwen, Elif Bilici, Bjorn Bleiij, Leon Bleumink,
Silvia Boerakker-Jansen, Rico Boerboom,
Marianne Boschker-Boom, Courtney Bould,
Lieke Brom, Jeroen Bruggeman, Ilona
Brugmann, Marten Brunner, Wim Buijzert,
Chow-Ling Chong, Jurriaan Cijsouw, Saskia
Daams, Aris de Fijter, Maarten de Graauw,
Robin de Kock, Marie-Louise de Kruiff, Dinie
Dijkman-Reessink, Arjen Drent, Nicole
Driever-Ruess, Marjo Egging, Leroy Elderman,
Sander Elfring, Thomas Elzing, Michel Engel,
Theo Engelen, Niek Essink, Ben Fitts, Rico
Franssen, Jeanette Frauenfelder-Frazer, Mike
Freriks, Rosite Frielink-Gerrits, Joost Froeling,
Marise Gerritsen-Zwetsloot, Karolina
Gorczynska, Rosanne Gregoor, Chiel Hesseling,
Sebastiaan Holleman, Monique Holleman-
Oudhuis, Robin Hoogenraad, Arthur
Hoogsteder, Ilse Jansen, Berry Janssen,
Jonnes Jeuken, Robert Jochoms, Wilma
Kloosterboer-Bisselink, Jan Kniest, Wilfrank
Knuiman, Evie Koolenbrander-Tinnevelt, Stina
Kristiansson, Devlin Krul, Willy Kuiper, Shauny
Küppers, Marèl Leferink Op Reinink, Mike
Lelivelt, Mulugeta Mandefiro, Astrid
Martens-Verbeeten, Petra Massop, Lisan
Moorman-Wielheesen, Stéphanie Moyersoen,
Jan Willem Navis, Frederike Nordin, Silvan
Obelink, Marshella Oosterbeek, Anette
Overgoor, Jonathan Ras, Maarten Reumer, Rudi
Rietman, Anita Roelofsen-Besselink, Christian
Roeterink, Thijs Römer, Nardie Rosendaal-
Verweg, Sandra Ruikes, Jürgen Schuimer,
Annelies Spaan, Jessica Speelman, André
Sprenkeler, Angelique Steinvoort-Remijnse, Giel
ter Beek, Emiel Teunissen, Monique Tuenter-ten
Holder, Marc van Aalst, Nick van Benthem,
Jelmer van Bergenhenegouwen, Gert van
Dalen, Jules van de Pavert, Ralf van de Pavert,
Pascal van der Spek, Rob van der Zee, Martijn
van Dongen, Eddie van Gerven, Tom van
Haperen, Joost van Leijen, Nena van Londen,
Coco van Megen, Erik van Ringelenstein, Aart
van Silfhout, Claire van Welzenis, Bogdan
Vasile, Marco Veenstra, Ilona Verheij-Geerts,
Rob Verheijen, Kristel Verheul, Sandy
Wielheesen, Michèlle Willemsen.
MAINFREIGHT LOGISTICS BORN
Wichard Achten, Ingo Bergmans, Roald Bosch,
Riana Brauwers-Bening, Sven Bronkhorst, Sare
Cevik, Marta Clerkx, Richard Cords, Jos Cox,
Ton Cuijpers, Vivian Daniëls, Mark de Boer, Kevin
de Graaf, Marvin de Kok, Mariëtte Debets,
Marcel Destreel, Ton Dewaide, Martin Dobro,
Geert Eummelen, Anita Everaerts, Jeroen Evers,
Bart Fischer, Ron Frijters, Peter Grammé, Hans
Graus, Jos Habets, Eddy Hermans, Thom
Heslinga, Joselien Hoen-Adams, Werner Hoofs,
Anke Jacobs, Nigel Jacobs, Mischa Jansen,
Ferno Keesmeekers, Fred Kosack, Arno
Kuijpers, Mike Lemmens, Stefan Maas, Sharon
Maassen, Maurice Makhaisingh, Adri Meesen,
Eno Mobers, Rabija Nedzibovic, Jan Nijssen,
Menno Nouwen, Ger Nuijes, Fred Paas, Clasina
Peeters, Michel Pierik, Lesley Raadschelders-
Wouters, Frank Ramakers, Timo Reinink,
Liesbeth Reyskens, Norman Ridderbeekx, Chris
Roering, Adam Rogatzky, Andre Schmidt,
Maarten Schneider, Ger Schröder, Karl
Schubert, Frank Senden, Anke Smits, Marlies
Soetelmans-Gerits, Pascal Stoffels, Silvia Tuwet,
Ronny van Cauter, Rien van de Ree, Martijn van
der Helm, Ton van Dorst, Yin Van Meegen-Lin,
Jelle Van Riesen, Roger Vliex, Kevin Wagemans,
Louis Wijnen, Monique Wolffs, Nico Wuyts, Rob
Zonneveld.
MAINFREIGHT LOGISTICS
‘S-HEERENBERG
Mihai Ababei, Enver
Aktaran, Ali Al Jubury, Stef Althoff, Yilmaz
Ayhan, Wilbert Bach, David Baranowski, Maciej
Bartoszewicz, Sven Baum, Marcel Bax,
Marianne Becker-Niersmann, Melvin
Beekhuizen, Lukasz Bejma, Koen Bekkers,
Dennis Berends, Hans Berendsen,
Toon Berntsen, Christiaan Besselink,
Dick Betlem, Jeroen Bieleman, Andre Biermann,
Thomas Bijl, Musa Bilici, Hans-Peter Bisseling,
Patricia Blanken-Epskamp, Ivana Bloksma, Denise
Boerboom, Eric Boerboom, Tonny Bomers, Sverre
Bonaparte, Jelke Braem, Sander Brands, Danny
Brinkhorst, Maurice Brinkman, Manon Broekhuizen,
Willem Bronsema, Detlef Brucks, Bryan Bruins,
David Buijl, Susanne Buiting, Bernard Bularca,
Hannie Bulten-Tijken, Andrei Burlacu, Jimmy Bus,
Roy Campschroer, Wi Chaisim, Joanna Ciurkot,
Jeannette Clarke, Nigel Clarke, Silvano Coco, Martin
Coenen, Geert Colenbrander, Kaylee Couzijnse,
Annemiek Dahles, Erik Dalenoord, Edith Damman,
Hilbrand de Boer, Raymond de Ronde, Niek de
Vries, Tim den Heijer, René Derksen, Petra Derlagen,
Gudrun Dirlich, Bernadett Dombai, Nicole Donders,
Thomas Driessen, Martin Duriska, Marco Eding,
Hannie Eggink, Milo Eijs, Toon Elting, Jesse Esman,
Sarieke Ewes, Boleslaw Falecki, Selynn Fiering,
Jean-Gérard Fifis, Danielle Fifis-Oudbier, Jeffrey
Forterie, Adrian Frencek, Rob Frencken, Daniel
Fritzsche, Sander Geerts, Saikhan Gekhayev, Tina
Gerritzen, Edwin Geurts, Marcella Gielens, Iris
Gijsbertsen, Krzysztof Gnacinski, Barry Goöle, Sjoerd
Goorman, Patrick Goossen, Ronnie Gotink, Jolanta
Grynfelder, Gökhan Güler, Soran Hady Ali, Anouk
Harbers, Andre Hardeman, Anke Harding, Alexander
Harmelink, Robbin Hartemink, Detlef Hawranke,
Marcel Hazeleger, John Hegeman, Arjen Heijboer,
Edwin Heijnen, Juliane Hein, Dennis Heinrich, Leon
Heister, Nick Helmink, Jeanette Hendriks, Anouk
Hendriksen-Evers, Willie Hermsen, Peter
Hetterscheid, Derk Heuvelink, Sara Higgins, Johnny
Hilderink, René Hill, Billy Ho, Danny Hoksbergen,
Berry Holleboom, Bianca Holtslag, Esther Houtman,
Gyorgyi Hrabecova, Patricia Hucovicova, Richard
Huisman, Laura Hunting, Jeroen Jansen, Mathijs
Jansen, Michel Jansen, Ingo Janssen, Milo Janssen,
Gerrie Jeene, Stefan Jozefik, Patrik Juhasz, Matthie
Kaak, Lars Kalinski, Hubert Kamphuis, Iryna
Kamphuis, Holger Kasimir, Piotr Kawczynski,
Christina Keller, Oksana Keller, Eline Kemmeren,
Rogier Kerner, Anna Kersten, Karen Keuben, Jan
Kieft, Edward Kingma, Danielle Kip, Nico Klein
Wolterink, Berry Kluitmans, Judith Kniest, Rob
Kobesen, Niels Kok, Emiel Koops, Tomasz
Koprowicz, Joanna Korevaar, Alan Kort, Christian
Koskamp, José Koster, Arjen Koudijs, Anna Koziol,
Jakub Koziol, Peter Kraps, Simon Krawczyk, Lisanne
Kruiniger, Adam Kupczynski, Krzysztof Kurek, Paul
Kuster, Piotr Lagiewka, Jarst Lammers, Aneta
Langer, Astrid Lankreijer-Maas, Kim Le, Michel
Lenderink, Dariusz Lenz, Corinne Lepine, Pauline
Leunen, Christian Leurs, Andy Leuvenink, Joost
Liebrand, Nicky Loeve, Twan Loeven, Dariusz
Longer, Richard Louwe, Erwin Lubbers, Eefje
Lucassen, Bas Maarse, Linda Maquine, Marcel
Marencák, Krzysztof Markowski, Lajos Markus,
Andreas Martens, Aafke Mateman, Johnny Maurick,
Gerbert Medze, Henrik Meelen, Melvin Meijer, Tom
Meijer, Arjen Meijering, Lucia Meliskova, Sergio
Mendonca Pereira Vaz, Sander Mengerink, Tomasz
Mertka, Andre Meuwsen, Mateusz Mietkiewicz, Hetty
Mulder-Plasschaert, Nadine Muller, Richarda
Nap-van der Zee, Roan Neervoort, Mike Neidhöfer,
Grzegor Niedzielski, Gabi Niersmann, Jurjen
Nijkamp, Jessy Nijman, Martyna Nojfeld, Katarzyna
Norek, Jarno Nuijen, Thomas Obermeit, Adam
Ociepa, Karolina Ociepa-Zawada, Piotr Parszeniew,
Tjort Peeters, Danny Peters, Erwin Peters, Henk
Peters, Maik Peters, Wim Peters, Wouter Peters,
Liane Philipsen, Andre Piotrowski, Pawel Plewka,
Claudia Plucker, Roy Polman, Raphael Quitsch,
Anna Radosavljevic, Pascal Ratering, Frauke Reijmer,
Wietske Reijmer, Joop Reitsma, Miko Rengelink,
Konny Rennings, Bertie Reumer, Tamara Ribbers,
Ferdie Robben, Martina Rödel, Petra Rodewald,
Franck Roodbeen, Harry Röttger, Joyce Ruesink,
Michal Rusewicz, Braulio Salgueiro Gonzalez, Loek
Sanders, Dominik Sankowski, Eqbal Sarwari, Iris
Saulus, Marco Schaap, Vincent Schilp, Frank
Schmidt, Sandra Schneider, Elena Schokkenbroek,
Bram Scholts, Dominique Schonewille, Jürgen
Schöttler, Betsie Schuurman, Marc Schwittepper,
Krzysztof Sedlak, Dawid Serafin, Gerben Siebes,
Hennie Siebes, Radoslaw Siennicki, Suzanne
Sigmond-Coops, Daisy Sio, Tonny Smeenk, Harrie
Smit, Erwin Smitjes, Juste Sneideraityte, Niels
Snelder, Ruben Snippe, Monika Sobczynska, René
Spaan, Anita Span, Magda Sromek, Monika
Steil-Witzger-Knautz, Andreas Steinvoort, Ilse
Steverink, Tom Steverink, Tonny Stoffels, Chris
Striekwold, Maria Strous, Milena Sugalska, Szymon
Szymkowski, Hans te Grotenhuis, Joost te Stroet,
Laura te Welscher, Sjoerd Teerink, Mustafa Temir,
Maurice ten Bensel, Marc ter Heide, Hermien
Tiessink, Barbara Tkocz, Joost Toren, Emma
Tothova, Jennifer Tueck, Jens Tuijten, Stephan Uenk,
Meho Usubjan, Rustem Usubjan, Rob van Aken,
Koen van Alst, Cheriva van de Pol,
Britt van de Weerd-Roenhorst, John van den Berg,
Martijn van den Berg, Roel van den Hoogen, Jill van
den Oosterkamp, Herre van der Laan, Bertus van
der Pavert, Eric van der Pol, Tom van der Stelt,
Reina van der Til, Wouter van der Toorn, Chris van
der Veen, Sjors van der Velde, Wilfried van Dulmen,
Bianca van Dun, Stefan van Gemmern, Roy van
Gendt, Job van Gessel, Roger van Ginhoven, Adrie
van Haaren, Maureen van Haren, Ceryl van Hasselt,
Ferdinand van Hilst, Yngwie van Hummel, Patrick
van Lavieren, Alex van Moerkerk, Helena van
Rooijen, Melanie van Saase, Remy van Voorbergen,
Jos van Wessel, Janneau van Wissem, Roel
Veenstra, Matthew Verberk, Daniela Veuger-
Ardelean, Remco Visée, Jan Visser, Jac Vlaminckx,
Angela Vrendenbarg, Maik Wagensveld, Sascha
Wagner, Erik Wallinga, Anouk Weijkamp, Rick
Weikamp, Dorien Wenting, Daniela Werdelmann-
Nöthe, Gerbrand Wesselink, Fiona Westerveld,
Wesley Willems, Bas Witjes, Tim Wittenhorst, Mattijn
Witteveen, Kristina Witteveen-Hörsch, Patrycja
Wolczyk, Bart Wolkenfelt, Raymond Wolters,
Herman Wuijster, Emirhan Yorulmaz, Gytis
Zabramskas, Silvia Zahoreczova, Bartlomiej
Zaremba, Alessia Zicolella, Hidayet Zorluer, Osman
Zorluer, Michal Zurek.
MAINFREIGHT
LOGISTICS ZALTBOMMEL
Gonzalo Ahumada,
Michael Beekwilder, Davide Casti, Richard Clappers,
Paul de Bie, Tamara de Bie-Willemsen, Pato
Espinoza Vasque, Roy Janssen Bouwmeester, Floris
Proost, Servet Sahin, Bob van der Valk, Arno van
Leeuwen, Priscilla Voskamp, Rémon Weerwag.
MAINFREIGHT TRANSPORT
‘S-HEERENBERG
Koos Aaldering, Jerry Aarsen,
Marc Aarsen, Diana Abbenhuis-Siroen, Theo Alofs,
Jhonny Amting, Freddie Anneveld, Sven Baars, Wilco
Bannink, Torsten Becker, Aart Bendeler, Remco
Berndsen, Ivo Bod, Manon Boekelder, Luke Bos,
Johan Bötzel, Gerald Braam, Joan Brink, Arno
Broekhuizen, Ton Broekhuizen, Michel Bruntink, Mark
Buijl, Gerjan Bulten, Shawn Bultink, Herman Bussink,
Bülent Cavlun, Arnoud Coenradij, Gerrit Cornelissen,
Roy Cornielje, Mustafa Coskun, Rinus de Jong,
Quando de Man, Hemmy de Reus, Rudi de Vries,
Theo Deijnen, Bert den Brok, Thijs Derksen, Jeroen
Dieker, Paul Dieker, Wim Driessen, Jeffrey Duinmaijer,
Jo Duis, Olaf Eenstroom, Marc Elting, Hans Engelen,
Ramon Engelen, Martin Essink, Corine
Evers-Karsten, Jesse Feukkink, Tommy Firing, Patrick
Fleuren, Koen Geerts, Jan Geertsema, Remco
Gerritsen, Donny Gerritzen, Stephanie Giesen, Jeroen
Giezen, Cemil Gönc, Arjan Greven, Niels Haegens,
Simone Haegens-van der Sluijs, Niek Hansen,
Remco Harleman, Erik Jan Heijkoop, Debora
Heilbron, Stefan Heitink, Bas Hermsen, Jasper
Hieltjes, Ronny Hoefman, Henk Holtland, Hans
Holtslag, Sjaak Huiskes, Gijs Hunting, Jurgen Huying,
Dennis Jansen, Frank Jansen, Frans Jansen, Gerald
Jansen, Robbin Jansen, Wouter Janssen, Laura
Jentink, Herman Jolink, Gepko Jonker, Henk
Kamphuis, Danny Karsten, Hennie Karsten, Zoltán
Kecskeméti, Fons Keijser, Frank Ketelaar, Jeroen
Kniest, Jordy Kniest, Raymond Kock, Fred Kolkman,
Sander Korten, Mehmet Kozan, Bert Krijger, Erik
Lammers, Wygle Liebrand, Harrie Ligtvoet, Kevin
Loef, Harrie Lucassen, René Luijmes, Casper
Lukassen, Hishem Maksoud, Dennis Marschall, Frank
Medze, Arjan Meijer, Emiel Meijer, Britt Mennink, Lars
Mennink, Marco Menting, Natalie Menting-Helmink,
Benjamin Mulders, Hakija Nekic, Edwin Nienhuis,
Harm Nijland, Barry Notten, Henry Oosterdijk, Marcel
Peppelman, Willem Pietersen, Sonny Plaisier, Rob
Polman, Jurre Post, Thomas Prinsen, Rob Punte,
Herwin Rabbers, Henk Reindsen, Niels Rekveld,
Regina Riggeling, Alex Rissewijck, Léon Robbe,
Erwin Roelofs, Frank Roelofzen, Sven Romp, Sandy
Rossel, Erik Ruesink, Mark Ruesink, Maurice
Ruesink, Roland Ruesink, Johnny Ruikes, Arno
Rutten, Rob Rutten, Enrico Sabajo, Pascal Sas,
Laurens Schepers, Koen Schreur, Nick Schürmann,
Rob Schürmann, Bennie Schut, Bertus Schuurman,
Theo Schuurman, Jimmy Sewalt, Maik Sewalt, Nico
Sewalt, Mark Sloetjes, Jan Smits, Willem Smits, Chris
Spaan, Piet Speet, Ramon Starink, Harry Stevens,
Michiel Sturrus, Joël te Dorsthorst, Sietse te Mebel,
Fred te Wiel, Frank Tempels, Rick ten Have, Henri
Tenten, Jeroen ter Beest, Marcel ter Heerdt, Bertil ter
Maat, Mart Terhaerdt, Bjorn Theijssen, Herman
Tieltjes, Bobby Timmermans, Dirk van Boggelen,
Frank van de Kamp, Marcel van de Wetering, Theo
van den Berg, Timo van den Bos, René van den
Broek, Ewald van den Heuvel, Sven van der Poel,
Jeroen van der Rijst, Jos van der Zwet, Tom van
Doorn, Joost van Eerden, Jurgen van Eerden, Kees
van Grootveld, Wouter van Hartskamp, Gerard van
Heeswijk, Wilfred van Kippersluis, Luc van Marwijk,
Hans van Niekerk, Maurice van Ree, Tom van Ree,
Marco van Remmen, Sander van Schie, John van
Soelen, Rutger van Toor, Maren van Uhm,
Niko van Uhm, Jacques van Uum, Diana van
Waardenburg, Mark van Wessel, Ronald Venhoeven,
Björn Visser, Edwin Vrogten, Jan Wassink,
Joop Wassink, Rien Wassink, Rutger Wassink, Bas
Wensink, Henk Wentink, Wilko Wiendels, Richard
Wienen, Jeroen Wierbos, Quint Winters, Ron
Winters, Wilfried Wolbring, Seydi Yanardag, Sakir
Yilmaz, Ruben Zegers. Poland
MAINFREIGHT
AIR & OCEAN WARSAW
Agnieszka Bartnicka,
2H[HYa`UH+LPULRV7PV[Y+LQ[YV^ZRP7H^Lé
9\[RV^ZRP4HYJPU:RVY\WRHè\RHZa>`ZaRV^ZRP
MAINFREIGHT KATOWICE Sabina
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9HMHé4HJPHZaLR(SLRZHUKYH4HUKLS4H[L\Za
Mycak, Patrycja Piotrowska, Agnieszka Ratajczak,
Pawel Skrzek, Jakub Warda, Sabina Wójtowicz, Filip
Wolanowski.
MAINFREIGHT POZNAŃ Agata
-HQMLY2YH\aL)HY[VZa2PLéIV^PJa2HYVS4PJRPL^PJa
4HYJPU5HNVKaPljZRPè\RHZa7é}JPLUUPR7YaLT`ZéH^
Sas.
MAINFREIGHT PRUSZKÓW Robert
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Andriy Bartkiv, Jan Bednarczyk, Ilona Berne, Konrad
Bieledna, Adrian Bladowski, Izabela Bonderska,
Patrycja Bor, Agnieszka Brymerska, Paulina Cabaj,
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*OY\Z[U`9`ZaHYK*P\Y\Nj;VTHZa*aLRHSZRP
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(Y[\Y+VTaHS2Ya`Za[VM+Y}ǏKǏ4HYLR-HIPZPHR
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.HaL4VUPRH.HaL+HYP\Za.éHKRP4PJOHé.TP[Y\R
7H^Lé.VaKHSZRP3\KTPéH.YV[+HYP\Za
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Krzysztof Korczak, Renata Korytkowska, Aneta
2VZZ\[1HJLR2V^HSL^ZRP9HMHé2V^HSPR1HYVZéH^
Kowalski, Marek Kucharuk, Andrii Kudryk, Witold
Kurek, Dariusz Kusztal, Adam Lach, Piotr Lesiecki,
Piotr Maciejczak, Dmytro Makagonov, Arkadiusz
Makówka, Adam Makowski, Mariusz Malec, Andrzej
4HUKaPljZRP9HMHé4HYJa\RAIPNUPL^4HYJa\R2HYVS
4PSSLY2H[HYa`UH4PYNVZ)VSLZéH^4\Za`ljZRP7PV[Y
Nawrocki, Maksym Nikaniuk, Marek Olek, Tomasz
6SLZPljZRP0OVY6SPPU`R9HMHé7HURPL^PJa@\Y`
Pavalanski, Volodymyr Pavlyk, Zbigniew Pawlak,
4H[L\Za7HaPL^ZRP.YHǏ`UH7Pǃ[RV^ZRH-YHUJPZaLR
7PJOUHY+VTPUPR7PL[Ya`RAKaPZéH^7PL[Ya`R,^LSPUH
Podgórska, Arkadiusz Pokora, Kamil Polowczyk,
Bohdan Prytula, Roman Prytula, Krzysztof
Przyborowski, Marta Przybylska, Karolina Pyrzewicz,
Marcin Pytel, Bogdan Rakowski, Agnieszka
Raunmiagi, Roman Reluga, Adam Romejko, Robert
9VǏUPLJRP;VTHZa9\KaRPAIPNUPL^:LQKH)HY[VZa
:LJR:PLYOLP:OLUKaLY(UKYPP:O[VOY`U7PV[Y:RPWVY
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=LS9`IHR)HY[éVTPLQ:aVJPljZRP.YaLNVYa
Szymanek, Mariusz Teluk, Wojciech Tokarz,
(YRHKP\Za;VTJaHR1HYVZéH^<SL^PJa=HSLY`
Vabishchevich, Bohdan Voloshyn, Andrii Vovk,
Hanna Walkowiak, Piotr Walkowiak, Joanna
>ǃZV^ZRH/LUY`R>LILY/\ILY[>PNjUPL^ZRP
Bogdan Witanowski, Katarzyna Wodowska, Piotr
>VSHljZRP9`ZaHYK>VSHljZRP7H^Lé>`WPQL^ZRP
,SǏIPL[HAHNYHQLR6SLRZHUKYAHROHYRV4HYJPU
AHTVQZRP2Ya`Za[VMAH^VQLR:[LMHUAPLSPljZRP
Romania
MAINFREIGHT FORWARDING
CLUJ-NAPOCA
Daniel Razvan Albu, Tamas
Arpad Both, Clara Cerlinca, Roxana Chiriac,
Gheorghe Ciobanu, Csongor Peter Deak, Marius
Ionut Dinca, Denise Laura Duduiala, Maria Claudia
Holunga, Paul Vlad Lucea, Alexandrin Macavei,
Flaviu Moldovan, Silviu Moldovan, Delia Pasztor,
Victor Petrindean, Razvan Tiberiu Rus, Roxana
Suciu, Sergiu Vasile Suciu, Robert Gyorgy Vajas,
Eniko Varga.
MAINFREIGHT FORWARDING
PLOIESTI
Marius Alexandru Albu, Razvan
Apostolescu, Mihai Ardeleanu, Andrei Bajenaru,
Alina Elena Barbu, Loredana Barbu, Rodica Vochita
Beju, Monalisa Nicoleta Bordeanu, Dan Claudiu
Bucurescu, Roxana Adriana Bunea, Alexandru Ion
Carbuneanu, Nicoleta Mariana Cazacu, Mihaela
Cernat, Ion Mihail Constantin, Gheorghe
Constantinescu, Gabriel Razvan Corciu, Andreea
Cozma, Ana Maria Craciun, Liviu Mihai Culea, Iulia
Dinu, Viorel Dosaru, Nicoleta Duta, Georgian
Laurentiu Ene, Iulian Florescu, Cristina Georgeta
Florian, Ionut Sebastian Ghinescu, Marian Gojnea,
Ioana Carla Grigorescu, Dragos Aurel Hornaru, Ionut
Alexandru Iacob, Nadia Mihaela Ilie, Alexandra Ilina,
Emil Nicolae Ion, Daniela Ionita, Lorena Gabriela
Jianu, Dan Maftei, Viorel Alin Manaila, Camelia
Mares, Lucian Mazare, Marian Bogdan Mihalcea,
Sebastian Mihalcescu, Virginia Minea, Mihai
Alexandru Neamtu, Ecaterina Maria Negulescu,
Andrei Nicolae, Florian Alexandru Panait, Sorin
Costin Panait, Cosmin Mihai Paturan, Gabriela Paun,
Georgiana Ana Maria Radu, Alexandru Lucian
Rujoiu, Alina Roxana Rusu, Irina Georgeta Stan,
Adrian Stanila, Justina Stanila, AnaMaria Rodica
Stoica, Mugurel Doru Tilimpea, Simona Mariana
Unger, Cosmin Ionut Ungureanu, Anca Beatrice
Vasile, Constantin Vasile, Irina Voivozeanu, Andra
Mihaela Zahiu.
MAINFREIGHT LOGISTICS
PLOIESTI
Crina Andreea Adiaconitei, Gheorghe
Anton, Cornel Apostol, Florin Petrisor Apostol, Maria
Avram, Ramona Georgiana Avram, Catalin Balalia,
Aurel Florian Ben, Marin Marius Bivolaru, Lucian
Valentin Boboaca, Vasile Boitan, Adrian Bratu,
Georgiana Laura Bruma, Razvan Costin Brumarescu,
Viorel Bucur, Ion Bunea, Vasile Butarus, Octavian
Danut Buzaru, Cristian Ionut Calin, Constantin
Catanescu, Mihai Catescu, Ion Costache, Nicoleta
Elena Diaconu, Petre Lucian Dita, Alexandru Cristian
Dobre, Valeriu Dobre, Alexandru Doican, Ion
Dorobantu, Ioan Dragan, George Cristian Dumitru,
Sorin Catalin Enache, Aurelian Ene, Emilian Faniciu,
Cosmin Filip, Tudor Constantin Florea, Ionut Adrian
Fratila, Marian Adrian Gheorghe, Constantin Ghita,
Neacsu Golea, Adrian Grigoras, Simona Guster,
Adrian Mihai Hagiu, Razvan Virgil Ioanitiu, Nicolae Ion,
Silvia Ionescu, Alexandru Silviu Ionita, Constantin
Mircea Ivan, Danut Catalin Lepa, Vasile Luca, Petrica
Daniel Manaila, Irinel Mares, Constantin Marian
Manole, Adrian Marin, Stefan Maslina, Mihai Matei,
Ion Gheorghe Mihalcescu, Marcel Moise, Viorel
Motoc, Florin Muscalu, Constantin Neagu, Stefania
Neagu, Dialisa Alexandra Neata, Ion Nica, Adrian
Niculescu, Dragos Constantin Niculescu, Marian
Niculescu, Ionut Nistor, Bobi Oprea, Marius
Constantin Pana, Andrei Paun, Cristian Constantin
Pavel, George Mihai Alexandru Pavel, Nicolae Iulian
Petcu, Emil Petre, Mircea Marian Petre, Iulian Catalin
Popa, Constantin Popa-Marin, Mihai Alexandru
Popescu, Vasile Popescu, Liviu Viorel Racasanu,
Gabriel Constantin Radu, Adrian Romeo Rosu, Ionut
Sandu, Nicusor Daniel Scarlat, Robert Eduard
Stanciu, Vasile Stanciu, Dumitru Adrian Stoian, Adrian
Stoica, Elena Doina Stoica, Nicolae Stroe, Alexandru
Tache, Catalin Timceag, Mihai Eduard Tone,
Alexandru Tudor, Aurel Tudor, Cristinel Tudor,
Constantin Gabriel Ungureanu, Constantin Eugen
Voicila, Nicolae Eduard Voinoiu, Dumitru Zemoiu.
MAINFREIGHT TRANSPORT PLOIESTI
Valeriu Marius Avram, Livius Florentin Calinescu,
Ionut Cosmin Cursaru, Gheorghe Cristian David,
Neculai Fronea, Adrian Constantin Guiu,
Gheorghe Iancu, Cristian Ivan, Dumitru Pertea,
Nicolae Viorel Pirvu, Cornel Radu, Iulian
Alexandru Rotaru, Marin Anghel, Cristinel
Apostol, Constantin Avram, Sanda Avram, Stelian
Silviu Avram, Florin Irinel Baciu, Constantin
Badaran, Valentina Luiza Badea, Iulian Gigi
Banica, Pandele Barbulescu, Mugurel Ciprian
Bejan, Adrian Ionut Bocan, Ilie Bolanu, Ion Iulian
Bolanu, Constantin Bonciu, Ilie Costin Bostina,
Gheorghe Calin, Ion Ceapa, Gheorghe Cega,
Marian Cioc, Marius Ciurea, Ionut Tiberiu
Constantin, Gabriel Costache, Dragos Dumitru
Dinu, Neculai Dogea, Gheorghe Dragu,
Constantin Duca, Nicolae Dulgheru, Cristian
Georgescu, Sergiu Gabriel Grecu, Andrei Guiu,
Ionel Guiu, Livia Andreea Guiu, Nicolae Aurelian
Iancu, Marian Ianculescu, Costel Ionita, Iulian
Sebastian Ionita, Iulian Florin Ivan, Constantin
Manu, Daniel Gheorghe Marasescu, Flaviu
Emanuel Marian, Marius Marin, Ion Minea, Mihai
Mototolea, Adrian Lucian Neagu, Petre Neagu,
Ion Nefliu, Ion Negre, Nicolae Giani Popa,
Constantin Preda, Constantin Racatej, Costel
Iulian Radu, Nicolaie Ilie Mihai Rosca, Ionela
Sandu, Ion Iulian Scarlat, Marian Serban, Danut
Vasile Soare, Nicolae Iulian Soare, Petre
Solovastru, Gabriel Stanciu, Marian Razvan
Stanescu, Romulus Florian Vilicius Stanescu,
Viorel Adrian Stanescu, Marius Iulian State,
Albert-Gabriel Stoian, Puiu Stoica, Alexandru
Sultana, Viorel Tintea, Florin Toader, Alexandru
Ionut Toma, Bogdan Alexandru Toma, Constantin
Tudor, Mircea Georgian Visan, Mihai Ionut Vlad.
Russia
MAINFREIGHT ST. PETERSBURG
Aleksandra Aleshina, Suzzanna Belyakova,
Aleksandr Bikbulatov, Elena Chernova, Natalia
Fenina, Igor Frolin Dmitry Gavrilkin, Konstantin
Gichin, Christina Icevert, Andrey Ilyin, Oksana
Kalashnikova, Aleksandr Karamyshev, Stanislav
Kirillov, Evgenia Korh, Denis Shcherbakov, Evgenia
:[HZPUń(UUH=HZPSLURV(SLRZHUKY=SHZV]9VZL
Voronina, Arseny Zemskov, Irina Zhukova.
Ukraine
MAINFREIGHT FORWARDING
KIEV
Serhii Arzhekovskii, Oksana Dzyubenko, Oleg
Garbar, Maxim Moshkovsky, Irina Petrenko, Natalia
Pyvovarenko, Maxim Savritskiy, Anastasiia
Stepanchuk. United Kingdom
MAINFREIGHT
AIR & OCEAN LONDON
Colin Crowhurst, Aline
Draps, Nitaan Glentworth, Pavel Grossu, Matthew
Kibbler, John Lane, Ritesh Patelia, Bradley Russel,
Tom Slabbers, Richard Stojcevski, Matt Ward,
Emma West.
53
PEOPLE AND COMMUNITIES
54
Our unwavering focus on
culture, values and care for
one another, makes this a
place of fun, energy and
getting things done.
MENDE PETREVSKI, MICHAEL HURLIMANN, PETER MCNALLY – Epping, Australia
55
Mainfreight has always attempted to reduce the
environmental impact of its operations. Our sustainability
initiatives have often resulted in reduced costs; so the bottom
line and the environment are both winners.
It is important to note that through good old-fashioned
common sense, we have been recycling office and depot waste
for 31 years in New Zealand. We store and use rainwater and
recycle greywater for truck washing, ablutions and irrigation.
Our new freight and warehousing facilities in New Zealand
and Australia are built with environmental design principles
in mind; energy-efficient lighting and heating solutions; and
solar power installations where feasible. Rain gardens are
installed as a feature of our landscaped grounds.
Our commitment to renewable energy solutions for our
business has taken another step with the installation of
New Zealand’s largest solar power array earlier this year.
The 422 kWh solar installation was completed at our
Westney Road facility in Auckland, New Zealand with 1,408
solar panels mounted roof-side. This joins significant solar
installations made at new facilities in New Zealand and
Australia in recent years. Environmental considerations will
continue to influence the design and build of our facilities, as
we look to extract maximum ecological benefits.
We measure the carbon emissions we generate across our
New Zealand and European operations, and over time will
establish measurement across our global operations.
In seeking to reduce our emissions, Mainfreight’s
initiatives include:
>Moving capacity from road to rail and coastal shipping
>Route planning – using GPS in congested international
cities, and introducing planning software to bring
efficiencies to freight deliveries and pick-ups
>Truck size management – using smaller trucks for
distribution within cities and larger trucks between cities
>Promoting off-peak distribution, particularly between
cities and from ports
>Efficient driving techniques promulgated through our
driver training programmes
>Utilising EV and hybrid vehicles for our sales team;
currently over 160 vehicles in use in Australasia, with this
number increasing each year
>Vehicle maintenance guidelines for owner-drivers to
promote efficient running of their trucks
>The conversion of gas and diesel powered forklifts
operating on our docks to electric, and the use of manual
pallet trucks to replace forklifts where practicable
>Trialling of smaller electric trucks for Netherlands
distribution is expected to commence early 2020.
In Europe, the business has committed to the Netherlands
sustainable logistics programme, with the objective of
reducing carbon emissions by 30% in 2013 from levels
recorded in 2007. For the Dutch fleet, we achieved a carbon
reduction of 53% in the 2018 calendar year, compared
to baseline 2007. The carbon emission is a combination
of fuel consumption and average usage of our fleet. Fuel
consumption also continues to improve for the fleet
in Europe; over the past ten years we have recorded a
decrease of 12%.
We have previously reported that our European business was
participating in studies to evaluate the practical application
of “Platooning”, which offered costs savings and lower
CO2 emissions amongst its benefits. Unfortunately, due
to overly bureaucratic requirements in several European
countries, a number of the truck manufacturers involved have
discontinued platooning applications.
Environmental initiatives are
hard-wired into our ongoing
planning and growth.
PEOPLE AND COMMUNITIES Environment
56
TAILA OOSTERHOF – Epping, Australia
57
58
Mainfreight has been part of the “Duffy Books in Homes”
programme since its inception in 1994 and currently we
support over 100 schools in New Zealand, Australia and the
USA. This means over 25,000 children every year are getting
new books to read with our support.
The philosophy behind the programme is simple – to break
the cycle of ‘booklessness’. Kids who can’t read become adults
who can’t communicate and that’s a serious disadvantage in a
world that operates on the written word.
In America, Books in Homes has partnered with 119 locations
comprising elementary schools, pre-schools, special projects
and community centers in Pennsylvania, New Jersey,
New York, Maryland, Virginia and California. Mainfreight
USA and CaroTrans are two of the lead sponsors supporting
the program, which has given away over 633,500 books to
more than 213,000 children since 2008.
In Australia, Books in Homes supports around 10,000
children each term, across 125 schools, pre-schools and
other organisations. Mainfreight has sponsored Books in
Homes Australia since its foundation in 2001, and is proud
of the organisation’s distribution of over 2.5 million books in
that time.
In New Zealand, Duffy Books in Homes celebrates 25 years
in 2019, and in September will achieve the milestone of
gifting its 13 millionth book. There are 513 Primary and
Intermediate schools, as well as 298 Early Childhood Centres
(including Te Reo and Pasefika language nests), on the Duffy
Books in Homes programme. Thanks to Mainfreight over
75,000 books will be gifted to 15,401 kids this year.
This year marks the twelfth year of support to Mainfreight’s
other significant sponsorship partner The Life Education
Trust, which was established in New Zealand in 1988. The
Trust seeks to provide young people with the knowledge and
skills to live a fulfilling and healthy life through their positive
health-based education.
Each year they teach over 240,000 children in their
mobile classrooms; supporting children’s health and
wellbeing through topics such as building resilience and
stress management, cyber safety and reducing bullying. In
secondary schools, they support our youth with the Smashed
Project, a ‘theatre-in-education’ programme which involves
a live theatre performance and an interactive workshop. The
Smashed Project is dedicated to reducing underage drinking
and promoting responsible attitudes towards alcohol.
Mainfreight is proud to support these two exceptional
organisations that channel so much to the children who are
our future. We encourage you to learn more about how you
can help by visiting their websites:
www.booksinhomes.org.nz
www.booksinhomesaustralia.com.au
www.booksinhomesusa.org
www.lifeeducation.org.nz
PEOPLE AND COMMUNITIES Mainfreight in the Community
A wonderful partnership with Mainfreight, initiated by
Bruce Plested – who else! A perfect partnership of charity
and business. Without Mainfreight we would not have got
to where we are. So a huge thanks to you all!
– Alan Duff, on celebrating 25 years of Duffy Books in Homes
59
ALAN DUFF, Founder, Duffy Books in Homes – with children of Owairaka District School
This statement is a summary of the
Corporate Governance arrangements
approved and observed by Mainfreight’s
Board of Directors (“the Board”) as
at 31 March 2019. The code of ethics,
policies, charters and other associated
documents are available on the Investor
pages of the Company’s website:
https://www.mainfreight.com/global/
en/global-home/investor-centre/
governance.aspx
Mainfreight’s corporate governance
practices do not materially differ
from the NZX Corporate Governance
Code, except that Mainfreight has not
established a Nominations Committee,
preferring to accomplish this task with
the assistance of the full Board.
THE ROLE OF THE BOARD
OF DIRECTORS
The Board is committed to the highest
standards of ethical behaviour in its
own undertakings and those of the
Group’s team members. The Board
follows the corporate governance rules
established by NZX, and Directors
exercise their duties in the best interests
of the Group. A formal charter has been
adopted by the Board that further sets
out the responsibilities of Directors.
The Board is responsible for the
direction and control of the Group’s
activities. This responsibility includes
such areas of stewardship as the
identification and control of the
Group’s business risks, the integrity
of management information systems
and reporting to shareholders. The
Company has undertaken a robust risk
assessment process. While the Board
acknowledges that it is responsible
for the overall control framework of
the Group, it recognises that no cost
effective internal control system will
preclude all errors and irregularities.
Our system is based upon written
procedures, policies and guidelines,
organisational structures that provide
an appropriate division of responsibility,
and the careful selection and training of
all qualified personnel.
The Board includes in its decision
making; dividend payments, the raising
of new capital, major borrowings,
the approval of annual accounts
and the provision of information to
shareholders, major capital expenditure
and acquisitions. The Board delegates
the conduct of the day-to-day affairs of
the company to the Group Managing
Director and Executive Management.
Financial statements are prepared
monthly in conjunction with the weekly
profit and loss statements generated at
branch level. These are reviewed by the
Board progressively through the year
to monitor management’s performance
and assess the integrity of management
information.
BOARD COMPOSITION
The Board comprises seven Directors: a
Chairman, a Group Managing Director
and five Directors (all of whom are
independent). From time to time, key
executives are invited to attend Board
Meetings and are encouraged to fully
participate in all debate.
Carl Howard-Smith retired as a
Director at the conclusion of the 2018
Annual Meeting of Shareholders and
was not replaced.
The Company enters into written
agreements with each newly appointed
director establishing the terms of their
appointment.
DIRECTORS MEETINGS
The Directors normally hold five full
Board Meetings per year; three of these
are held over two- to three-day periods
in operational regions of interest and
concern, with opportunities to meet
with customers and/or our team in
those locations; with the other two
meetings being shorter, and held
primarily to review performance and
strategy. Additional meetings are held
for the purposes of considering interim
and final dividends, and approving
financial results for release to the
market, and as otherwise required.
The Board met on seven occasions in
the financial year ended 31 March 2019,
in Auckland, New Zealand; Sydney,
Australia; Hong Kong; ‘s-Heerenberg,
The Netherlands; and Los Angeles,
United States.
The following table summarises
Director attendance at Board and
Committee meetings:
DirectorBoardAudit CommitteeRemuneration Committee
Bruce Plested7/7–2/2
Don Braid*7/72/2–
Simon Cotter7/72/22/2
Bryan Mogridge7/72/2–
Richard Prebble
#
7/72/22/2
Kate Parsons7/7––
Sue Tindal7/7––
Carl Howard-Smith
(Retired during the year)
3/31/1–
* Don Braid attends the Audit Committee
by invitation
#
Richard Prebble was appointed to the
Audit Committee during the course of the
year, replacing Carl Howard-Smith
60
GOVERNANCE & LEADERSHIP Corporate Governance Statement
SHARE TRADING
The Board has set out a procedure
which must be followed by Directors
and key Executive Management when
trading in Mainfreight Limited shares.
This procedure assists those persons
to ensure they comply with the insider
trading provisions in the Financial
Markets Conduct Act 2013.
GROUP MANAGEMENT
STRUCTURE
The Group’s organisational structure
is focused on its core competencies;
domestic transportation, international
sea and air freight forwarding,
warehousing and supply chain
management. These operations are
located in New Zealand, Australia, the
Americas, Europe and Asia. A country/
region management structure exists
to reflect the size and diversity of our
global operations.
Our management structure is
deliberately kept as flat and minimal as
we can achieve. This provides an ideal
platform for succession planning, and
allows for decision-making from those
closest to our customers. We manage
with a philosophy that encourages all to
contribute.
DIVERSITY
The Board recognises the current
requirement placed by NZX Listing
Rules on Issuers to report on diversity,
and has included a gender breakdown
across its full team in its Annual
Reports for many years. Mainfreight
is firmly committed to diversity and
equality in all areas of its operations,
and the Group’s Diversity Policy is
available on its website.
At the level of Directors and Officers,
gender composition is set out below.
This YearLast Year
MaleFemaleMaleFemale
Directors
52
6
2
Off icers
100
100
All Team
Members*
67%33%
68%32%
* If we remove Owner Drivers and EU
Drivers f rom the calculation, gender ratios
are 59% Male and 41% Female (last year
59% Male and 41% Female).
The supply chain logistics industry
is recognised as being dominantly
male; however as the Group moves
into a broader geographic range, we
are discovering areas where there is
greater gender balance such as our
Logistics business in the Netherlands,
our Air & Ocean business in many
locations, and our Asian business. We
are pleased that the number of female
managers has increased to 46 (up
from 37 in 2018, 31 in 2017, and 27 in
2016). The number of key management
roles held by females still falls well
below our expectations and we look for
improvement.
ANTI-CORRUPTION AND
COMPETITIVE PRACTICE
GUIDELINE
With the advent of the global economy,
most countries have put in place
anti-corruption and competition laws,
which we at Mainfreight welcome
and endorse. Mainfreight, as a global
company, has adopted guidelines and
policy to enforce anti-corruption and
anti-competitive behaviour.
The integrity of our brand and the
way we are perceived in the market
is of paramount importance to us.
Mainfreight demands from its team
members at all times honesty, integrity
and a scrupulously “clean” approach to
the way we conduct our business.
THE ROLE OF SHAREHOLDERS
The Board aims to ensure that
shareholders are informed of all
major developments affecting the
Group’s state of affairs. Information is
communicated to shareholders in the
Annual Report, the Interim Report, and
twice-yearly Newsletters. The Board has
adopted a continuous disclosure policy
to assist Mainfreight to comply with
its continuous disclosure obligations
under the NZX Listing Rules. The
Board encourages full participation of
shareholders at the Annual Meeting
to ensure a high level of accountability
and identification with the Group’s
strategies and goals.
The Board has constituted the
following standing Committees that
focus on specified areas of the Board’s
responsibility. Each Committee operates
under its own charter (available on
the Company's website) outlining
composition and responsibilities.
AUDIT COMMITTEE
The Committee is responsible for
the framework of internal control
mechanisms that ensure proper
management of the Group’s affairs.
The Committee is accountable to the
Board for the recommendations of the
external auditors, EY, directing and
monitoring the audit function and
reviewing the adequacy and quality
of the annual audit process. The
61
Committee provides the Board with
additional assurance regarding the
accuracy of financial information for
inclusion in the Group’s Annual Report,
including the Financial Statements.
The Committee is also responsible for
ensuring that the Group has an effective
internal control framework. A member
of the Group’s finance team oversees
regular internal control assessments,
and reports to the Chief Financial
Officer and the Audit Committee as
appropriate.
These controls include the safeguarding
of assets, maintaining proper
accounting records, complying
with legislation, including resource
management and health and safety
issues, ensuring the reliability of
financial information, and assessing
and overviewing business risk.
The Committee also deals with
Governmental and NZX compliance
requirements.
Audit Committee:
Simon Cotter, Chairman
Bryan Mogridge, Director
Richard Prebble, Director
REMUNERATION COMMITTEE
The Committee is responsible for
reviewing the remuneration and
benefits of the Group Managing
Director and senior executives,
for reviewing the remuneration
of Board members, and makes its
recommendations to the Board. The
Committee also monitors and reports
on general trends and proposals
concerning employment conditions and
remuneration.
General remuneration for all team
members is reviewed on an annual
basis and takes into account CPI
and responsibility changes for each
individual. This does not include
senior executives. Senior executive
remuneration is reviewed every
two years.
A general increase is applied to all
salaries in April, as detailed below.
Senior executives’ salaries are reviewed
every two years, and were last reviewed
in October 2018.
1 April
2019
1 April
2018
New Zealand 3.0%3.0%
Australia3.0%3.0%
Americas3.0%3.0%
Asia3.0%3.0%
Europe 2.9%1.9%
(% increase where
applicable, and guidance
where negotiations are
required)
(weighted
average)
(weighted
average)
In New Zealand and Australia, at the
April 2019 review, we again reviewed
and actioned additional increases to
the salaries of those at the lower end
of our salary range. Mainfreight has
never looked to pay a minimum wage,
and is on track to achieve an entry level
annual salary of at least $60,000 in the
near future.
The discretionary bonus system used
in Mainfreight was applied during the
financial period with Board approval.
This bonus calculation is applied
across all business units and only to
those people who have completed 12
months’ continuous full time service
for Mainfreight. The total cost of
this discretionary bonus for the 2019
financial year is $27.2 million (up from
$20.7 million in the prior year).
Remuneration Committee:
Bruce Plested, Chairman
Richard Prebble, Director
Simon Cotter, Director
62
GOVERNANCE & LEADERSHIP Corporate Governance Statement, CONTINUED
63
LANCE DAILEY – Los Angeles, USA
64
Ben Fitts
12 years at Mainfreight
REGIONAL MANAGER
EUROPE
2019 Highlight:
Opening five new facilities has given
our team a sense of our commitment
to Europe, bringing added confidence,
energy and drive to increase our growth
and returns.
Cary Chung
8 years at Mainfreight
REGIONAL MANAGER
ASIA
2019 Highlight:
Developing our Southeast Asian
presence with new branches in Japan
and Malaysia has boosted our global
network and offered new trade lanes for
the group to work with in supporting
our customers.
Craig Evans
32 years at Mainfreight
COUNTRY MANAGER
NEW ZEALAND
2019 Highlight:
Extending our reach into regional
New Zealand has shown us that even as
a big fish in a smaller market, we have
the ability to reach a wider customer
base with our full range of offerings.
GOVERNANCE AND LEADERSHIP Our Leadership Team
64
Our regional leaders “get” the importance of their individual region’s
performance, but just as importantly, value the inter-connectedness
of every branch around the world.
Rodd Morgan
16 years at Mainfreight
COUNTRY MANAGER
AUSTRALIA
2019 Highlight:
Seamlessly implementing our new
Transport software platform and
progressing our program for new
facilities have been key achievements.
Along the way we significantly
increased revenue and EBITDA.
John Hepworth
21 years at Mainfreight
REGIONAL MANAGER
AMERICAS
2019 Highlight:
With a much improved alignment of
our sales and business goals, we have
delivered an improved performance
across all business divisions.
65
66
GOVERNANCE AND LEADERSHIP Our Leadership Team, CONTINUED
Nic Kay – 23 years
NEW ZEALAND
>Began with Christchurch Logistics, followed
by sales and leadership roles across all three
divisions
>His passion for sales led to the New Zealand
Group Sales Manager role in 2011
>Appointed to the Air & Ocean national
management role in 2015, and has overseen
business development into regional
New Zealand
Chris Wilson – 14 years
CAROTRANS USA
>Joined CaroTrans in 2004 as Cleveland
Branch Manager
>Led team to twice win CaroTrans Branch of
the Year
>Opened CaroTrans Le Havre branch in
France in 2012
>Returned to US in 2016 holding senior
sales and operational roles before taking on
leadership of CaroTrans in June 2017
Grant Draper – 22 years
AUSTRALIA
>Joined Mainfreight as Financial Controller for
Air & Ocean NZ in 1997
>In 2001, relocated to Melbourne following
acquisition of additional international
operations in Australia
>Took on role of Financial Controller for Air &
Ocean Australia
>Appointed National Manager Air & Ocean
Australia in 2015
Cary Chung – 8 years
ASIA
>Joined Mainfreight Asia (based in
Hong Kong) in 2011 as Regional Director
Sales & Supply Chain
>In 2016, moved to Shanghai and took on the
role as General Manager China
>Moved to Regional Manager Asia role in late
2017
>Also oversees the Air & Ocean division,
drawing on his extensive experience in the
sector
Jason Braid – 22 years
EUROPE
>Jason joined Mainfreight as a graduate at
Daily Freight NZ
>Moved to CaroTrans Chicago and then to
Mainfreight Air & Ocean Los Angeles in sales
and branch manager roles
>Appointed as Vice President Air & Ocean for
Mainfreight USA
>Moved to Europe where he now heads up the
European Air & Ocean business
Nathan Thomas – 16 years
AMERICAS
>Joined Mainfreight in NZ through Owens
Group acquisition
>Held several roles within NZ Perishables
Airfreight division
>Joined Air & Ocean Los Angeles, leading the
team to USA Branch of the Year
>Now leads Air & Ocean Americas, and is
focused on LCL, sales and quality
Air & Ocean Leaders
67
GEORGIA STADDON – Auckland, New Zealand
68
Domestic Transport Leaders
Carl George – 24 years
NEW ZEALAND
>Started in Auckland Transport
branch and progressed through
various roles into sales and branch
management
>Moved to UK in a business
development role
>Returned to NZ National Sales
Manager role
>Has a demonstrated history of
successfully running the national
Transport operation in NZ
Mitch Gregor – 18 years
NEW ZEALAND
>Has worked across the business
in operations, sales and branch
management roles in Logistics &
Transport, in both Australia and NZ
>Responsible for Mainfreight and
Owens Logistics operations across
New Zealand
>Career highlights include helping
earn two Branch of the Year trophies
Bryan Curtis – 39 years
AUSTRALIA
>Has been part of Mainfreight almost
since day one
>Held a variety of leadership roles in
New Zealand and Australia
>Has overseen significant investment
into new facilities for the Australian
business in recent years
>Current focus is on achieving growth
and ever-improving quality
Simon Hart – 13 years
AUSTRALIA
>Joined the NZ business in 2001 in IT
and business development roles
>Following a break in the UK,
joined the Australian business in
operational and sales roles
>Now leads the Australian
Warehousing business and is
passionate about people development
and process improvement
Frans Zuidgeest – 8 years
EUROPE
> Began as a graduate with the Europe
business in 1997, working across IT
and Sales roles
>Moved to Forwarding & Transport
in 2011, eventually accepting the
National Manager Forwarding role
for The Netherlands
>Took on current role in 2015 and
has overseen development of new
cross-dock facilities in Belgium and
the wider European Forwarding
network.
Liane Philipsen – 8 years
EUROPE
>Liane joined the European business
as a graduate in 1997, with a masters
degree in Business Administration
>Held operations roles in
Warehousing before leading the
European sales team
>Now leads Warehousing in Europe
and has a personal interest
in implementing continuous
improvement programs with
positive outcomes for both team and
customers
Shawn Roach – 3 years
AMERICAS
>Joined Mainfreight following six
years as a North American transport
partner
>Strong transport background
>Instrumental in linking the trade
lanes between the United States and
Canada
>Focused on increasing Domestic
Transport growth through sales and
customer satisfaction
René van Houtum – 8 years
AMERICAS
>Spent 17 years in a variety of roles
in the business in Europe prior to
Mainfreight’s acquisition
>Moved to Australia in September 2011
to lead the Warehousing division
>Moved to North America in 2014 to set
up and lead Mainfreight’s standalone
Warehousing division, with an ongoing
focus on sales, team development and
continuous performance improvement
Warehousing Leaders
GOVERNANCE AND LEADERSHIP Our Leadership Team,
CONTINUED
69
Rob Croft – 9 years
NEW ZEALAND
>Began with Mainfreight in 1994 as
a local sales rep with Daily Freight
Wellington
>Following overseas industry
experience, joined Mainfreight
Australia in 2010 as Trade
Development Manager
>Returned to New Zealand in 2014,
in Business Development role
>Appointed National Sales Manager
in 2015, focusing on growth across
the supply chain, and developing
our team into leadership roles
Dave Scott – 19 years
AUSTRALIA
>Joined Mainfreight Melbourne
team in 2000, with strong sales and
operational background in domestic
and international transport in NZ,
Australia and the UK
>Focused on achieving growth targets
through ongoing development and
retention of a young and motivated
sales team
Billy Zhang – 18 years
ASIA
>Joined Mainfreight Asia in 2001,
with a double degree from Shanghai
University in Industrial Engineering
and Foreign Trade
>Has held a range of customer
service, trade-lane management,
and sales roles
>Was National Sales Manager for
China before taking on his current
role in 2017
Steve Turner – 13 years
AMERICAS
>Joined Mainfreight as a sales
cadet, and moved into sales and
operational management roles
>Previously held position of National
Sales Manager of Transport in
Australia
>Joined the US team in early 2019 in
the Regional Sales Manager role
>Passionate about achieving growth
through development of our sales
team and supply chain selling
initiatives
Support Team
Sales Leaders
Tim Williams – 25 years
CHIEF FINANCIAL OFFICER
>Joined Mainfreight through the
acquisition of Daily Freightways
in 1994
>Played a key role in Mainfreight’s
initial public offering in 1996
>Over the years his role and
capabilities have continued to
broaden as Mainfreight moves into
diverse global markets
Kevin Drinkwater – 33 years
GROUP IT MANAGER
>Mainfreight’s first graduate
>Roles have included Chief Financial
Officer, Sales Manager and first
General Manager of Mainfreight
Logistics
>Kevin has led the development
and implementation of most of our
critical systems globally
Martin Devereux – 19 years
GROUP MANAGER
TEAM DEVELOPMENT
>Joined Mainfreight in 2000
after graduating with degrees in
Management and Law
>Has held various roles across both
Transport and Air & Ocean, in both
New Zealand and Australia
>Joined Training & Development
team in 2004
>Took on global leadership and
coordination of these teams in 2010
Carl Howard-Smith – 41 years
GENERAL COUNSEL
MAINFREIGHT
>Has been with Mainfreight since its
inception
>Formerly a long-serving Director of
Mainfreight
>Retired from the Board in 2018 and
now focuses on his role as General
Counsel
>The business values his legal and
business acumen, and his commitment
to the Group’s development and growth
70
The Directors are pleased to present this twenty-third
published Annual Report of Mainfreight Limited.
FINANCIAL RESULT
Consolidated sales for the year were $2,954.09 million, up
on the previous year by $337.39 million, or 12.9%. Net profit
increased from $107.69 million to $137.63 million. Excluding
abnormal gains and losses, net profit for the 2019 financial
year increased 26.0% to $141.08 million. Comparisons to the
2018 result are set out in the five year review; page 115 of the
financial statements.
FINANCIAL POSITION
The Group has improved its financial position with
shareholders’ equity of $838.32 million, funding 55.8% of
total assets. Earnings cover interest on debt by 29.69 times.
Net cash flow from operations was $197.42 million, up from
$140.24 million last year.
DIVIDEND
A dividend of 26 cents per share was paid in July 2018,
fully imputed. A supplementary dividend of 4.59 cents
per share was paid to non-resident shareholders with this
dividend. A further dividend of 22 cents per share was paid
in December 2018, fully imputed. A supplementary dividend
of 3.88 cents per share was paid to non-resident shareholders
with this dividend. A fully imputed dividend of 34 cents
per share, payable on 19 July 2019 is proposed, together
with a supplementary dividend of 6.00 cents per share for
non-resident shareholders. Books close for this dividend on
12 July 2019.
Total dividend paid and proposed for the 2019 financial year
is 56 cents.
STATUTORY INFORMATION
Additional information is set out on pages 111 to 114 including
Directors’ Interests as required by the Companies Act 1993.
DIRECTORS
Don Braid, Simon Cotter and Kate Parsons will retire at the
Annual Meeting, and are available for re-election.
DIRECTORS’ REMUNERATION
Directors’ fees increased from 1 April 2019, to $120,000 per
annum for each Director, and $240,000 per annum for the
Chairman of the Board. (Directors’ fees were last increased in
the 2017 financial year, being set at $113,000 per annum for
each Director, and $226,000 per annum for the Chairman of
the Board.)
Shareholders set the aggregate annual amount of Directors’
Fees at $904,000 at their meeting in July 2017, and the
current quantum is within that cap.
Chairman*$240,000
Directors: 5
#
$120,000$600,000
Fees paid to Directors Annually$840,000
*
The Chairman has for some time elected not to take his fee
entitlement
#
The Group Managing Director does not receive Director’s fees
AUDIT
The Company’s Auditors, EY, will continue in office in
accordance with the Companies Act 1993. The Company has
a formally constituted Audit Committee.
REPORTING AND COMMUNICATIONS
Mainfreight continues to support high levels of public
company disclosure. The Company provides half yearly
reporting on results, with ongoing disclosure as required.
The Company is effective in communicating the Group’s
affairs and results to shareholders, NZX, regulatory bodies
and the media. The first half year result to 30 September
2019 is scheduled for release on 13 November 2019.
OUTLOOK
The Directors are satisfied with the direction and
development of the Group. The next twelve months will
continue the developments that Mainfreight has underway
with the subsequent benefits to our shareholders and
stakeholders.
For and on behalf of the Board
26 June 2019
Bruce Plested
CHAIRMAN
Simon Cotter
DIRECTOR
BPld
GOVERNANCE AND LEADERSHIP Directors’ Report
71
KENDAL STRATFORD – Auckland, New Zealand
GOVERNANCE AND LEADERSHIP Our Board of Directors
72
Our Board’s decisions and
debates are fuelled by the
desire to forge an enduring
business.
73
BOARD OF DIRECTORS:
BRUCE PLESTED, KATE PARSONS, DON BRAID, BRYAN MOGRIDGE, SUE TINDAL, RICHARD PREBBLE AND SIMON COTTER.
In order to make a practical and well-informed contribution to the way this
business is run, our Board is hands-on and visits Mainfreight operations
around the world. Through experiencing the business first-hand, they are
fully immersed in our culture, challenges and opportunities.
74
Bruce Plested
Chairman and Founding Owner
41 YEARS WITH MAINFREIGHT
APPOINTMENT TO BOARD 1978
Age: 77
As Chairman and Founder, Bruce
shares his vision for the Company
with the Mainfreight team, bringing
a particular focus to quality and our
culture. Likewise, his strongly-held
beliefs relating to the importance
of education and of recycling/
sustainability, continue to positively
shape the Company’s behaviours.
Don Braid
Group Managing Director
25 YEARS WITH MAINFREIGHT
APPOINTMENT TO BOARD 2000
Age: 59
Don has over 40 years’ experience
in the freight industry, commencing
with Daily Freightways. His leadership
is underpinned by a strong belief
in Mainfreight’s global competency
and capabilities to provide high-
quality supply chain solutions for our
customers. His visits to our local and
overseas operations guide our teams to
be sales-focused and always aiming for
operational excellence. He is fiercely
proud of the Mainfreight culture seeing
this as a key reason customers choose
Mainfreight over the competition.
Richard Prebble
Independent Director
APPOINTMENT TO BOARD 1996
Age: 71
Richard Prebble is by profession
a lawyer. As a Minister, Richard
was responsible for creating SOEs,
deregulating telecommunications and
broadcasting, reforming ports, airports,
railways and aviation.
Today he chairs a group of
telecommunication companies.
Richard has been elected a fellow of
the Chartered Institute of Logistics and
Transport.
Other current directorships.
Information and Communication
Services Limited (Chairman),
Seronic (NZ) Limited, and his family
companies.
Bryan Mogridge
Independent Director
APPOINTMENT TO BOARD 2003
Age: 73
Bryan has a wealth of experience, both
in executive and board roles. He has
also lent his considerable support to
not-for-profit organisations such as the
Starship Foundation. His intellect and
pragmatic approach is highly regarded
at the Board table.
Other Current Significant Directorships
and Trusteeships: SeaDragon Limited
(Chairman), BUPA ANZ Pty Limited,
Adherium Limited, Clearspan Limited,
Thinxtra Limited, Starship Foundation,
Massey University Foundation.
Simon Cotter
Independent Director
APPOINTMENT TO BOARD 2013
Age: 52
Simon has a long association with
Mainfreight having served as
the Company’s main adviser for
acquisitions, debt structure and other
matters since 2003 (through Grant
Samuel & Associates), prior to joining
the Mainfreight Board. He brings
strong financial skills and business
acumen to the role.
Other Current Directorships: Grant
Samuel & Associates Ltd.
Kate Parsons
Independent Director
APPOINTMENT TO BOARD 2017
Age: 46
Kate brings to the Board her broad
financial and analytical experience
acquired in a range of industries, both
in New Zealand and overseas. Her
knowledge of high-tech companies
is a welcome addition to the Board’s
capabilities, as is her familiarity with
the complexities of acquisitions, and
steering companies through growth
and change.
Other Current Directorships: Member
of the CFO Advisory Board, Auckland
University Business School, Member
of the Board of Trustees of Dress for
Success Incorporated, and private
family companies
Sue Tindal
Independent Director
APPOINTMENT TO BOARD 2017
Age: 57
Sue has considerable international
experience, having served on a number
of private sector and not for profit
boards in Australia. Since returning
to New Zealand in 2014, she has
held consulting and CFO roles. Her
proficiency in government relations,
banking, finance and technology is
greatly valued, as is the international
perspective she brings.
Other Current Directorships: Member
of the CFO Advisory Board, Auckland
University Business School
GOVERNANCE AND LEADERSHIP Our Board of Directors, CONTINUED
75
ERIC PENG – Taipei, Asia
76
Financial Statements Contents
77
Income
Statement
78
Balance
Sheet
79
Statement Of
Changes In Equity
80
Cash Flow
Statement
81
Notes To Financial
Statements
107
Auditor’s
Report
111
Statutory
Information
114
Interests
Register
115
Five Year
Review
77
Income Statement
FOR THE YEAR ENDED 31 MARCH 2019
Note
2019
$000
2018
$000
OPERATING REVENUE 2,953,414 2,616,189
Interest Income 673 511
TOTAL REVENUE2,954,087 2,616,700
Transport Costs (1,791,573) (1,605,459)
Labour Expenses Excluding Share Based Payments (612,641) (538,483)
Occupancy Expenses (83,850) (73,192)
Depreciation and Amortisation Expenses14, 15 (53,107) (47,788)
Other Expenses (208,301) (183,941)
Finance Costs (7,541) (7,567)
Prof it Before Abnormal Items and Taxation for the Year 197,074 160,270
Income Tax on Prof it Before Abnormal Items (55,990) (48,266)
NET PROFIT BEFORE ABNORMAL ITEMS FOR THE YEAR 141,084 112,004
Abnormal Items27 (4,965) (7,224)
Income Tax on Abnormal Items27 1,505 2,898
ABNORMAL ITEMS AFTER TAXATION (3,460) (4,326)
Prof it Before Taxation for the Year 192,109 153,046
Income Tax Expense7 (54,485) (45,368)
NET PROFIT FOR THE YEAR 137,624 107,678
Earnings per share for prof it attributable to the ordinary equity holders of the company are:
CentsCents
Basic Earnings Per Share: Total Operations9 136.67106.93
Diluted Earnings Per Share: Total Operations9 136.67106.93
Statement of Comprehensive Income
FOR THE YEAR ENDED 31 MARCH 2019
2019
$000
2018
$000
Net Prof it for the Year 137,624 107,678
OTHER COMPREHENSIVE INCOME
Other comprehensive income to be reclassif ied to prof it or loss in subsequent periods:
Exchange Differences on Translation of Foreign Operations 1,144 (1,978)
Income Tax Effect (1,006) 3,371
Net Other comprehensive income to be reclassif ied to prof it or loss in subsequent periods 138 1,393
Other comprehensive income not to be reclassif ied to prof it or loss in subsequent periods:
Revaluation of Land including Foreign Exchange Movements 43,506 638
Income Tax Effect (4,106) -
Net Other comprehensive income not to be reclassif ied to prof it or loss in subsequent periods 39,400 638
Other comprehensive income not to be reclassif ied to prof it or loss in subsequent periods:
Def ined Benef it Pension Provision (93) 325
Income Tax Effect 23 (137)
Net Other comprehensive income not to be reclassif ied to prof it or loss in subsequent periods (70) 188
Other Comprehensive Income for the Year, Net of Tax 39,468 2,219
TOTAL COMPREHENSIVE INCOME FOR THE YEAR, NET OF TAX 177,092 109,897
The accompanying notes form an integral part of these f inancial statements.
78
Balance Sheet
AS AT 31 MARCH 2019
Note
2019
$000
2018
$000
CURRENT ASSETS
Bank10 115,184 80,521
Trade Debtors11 389,376 361,737
Income Tax Receivable 200 270
Properties Held for Sale14 - 7,852
Other Receivables12 55,304 60,811
560,064 511,191
NON-CURRENT ASSETS
Property14 547,641 483,488
Plant & Equipment14 118,988 98,822
Software15 51,052 49,374
Goodwill15 208,522 207,919
Brand Names15 3,807 7,863
Other Intangible Assets15 6,581 9,164
Deferred Tax Asset7 6,234 8,882
942,825 865,512
TOTAL ASSETS 1,502,889 1,376,703
CURRENT LIABILITIES
Bank10 4 36
Trade Creditors & Accruals18 314,925 298,916
Employee Entitlements16 62,832 53,373
Provision for Taxation 18,868 12,323
Finance Lease Liability20 2,246 2,077
398,875 366,725
NON-CURRENT LIABILITIES
Bank Term Loan19 238,653 270,753
Employee Entitlements16 2,815 3,634
Deferred Tax Liability7 19,473 21,526
Finance Lease Liability20 4,758 4,507
265,699 300,420
SHAREHOLDERS’ EQUITY
Share Capital21 85,821 85,821
Retained Earnings 673,931 583,359
Revaluation Reserve 89,371 51,254
Foreign Currency Translation Reserve (10,506) (10,644)
Def ined Benef it Pension Reserve (302) (232)
TOTAL EQUITY 838,315 709,558
TOTAL LIABILITIES AND EQUITY 1,502,889 1,376,703
For and on behalf of the Board who authorised the issue of these f inancial statements on 26 June 2019.
Bruce Plested, Chairman
Simon Cotter, Director
The accompanying notes form an integral part of these f inancial statements.
79
Statement of Changes in Equity
FOR THE YEAR ENDED 31 MARCH 2019
2019
$000Note
Ordinary
Shares
Asset
Revaluation
Reserve
Foreign
Currency
Translation
Reserve
Defined
Benefit
Pension
Reserve
Retained
EarningsTotal
Balance at 1 April 2018 85,821 51,254 (10,644) (232) 583,359 709,558
Prof it for the Year - - - - 137,624 137,624
Transfer of Revaluation Reserve
for Land Sold - (1,283) - - 1,283 -
Other Comprehensive Income - 39,400 138 (70) - 39,468
TOTAL COMPREHENSIVE
INCOME FOR THE YEAR - 38,117 138 (70) 138,907 177,092
TRANSACTIONS WITH OWNERS IN THEIR CAPACITY AS OWNERS:
Supplementary Dividends - - - - (1,879) (1,879)
Dividends Paid8 - - - - (48,335) (48,335)
Foreign Investor Tax Credit - - - - 1,879 1,879
BALANCE AT 31 MARCH 2019 85,821 89,371 (10,506) (302) 673,931 838,315
2018
$000
Ordinary
Shares
Asset
Revaluation
Reserve
Foreign
Currency
Translation
Reserve
Defined
Benefit
Pension
Reserve
Retained
EarningsTotal
Balance at 1 April 2017 85,821 50,616 (12,037) (420) 518,982 642,962
Prof it for the Year - - - - 107,678 107,678
Other Comprehensive Income - 638 1,393 188 - 2,219
TOTAL COMPREHENSIVE
INCOME FOR THE YEAR - 638 1,393 188 107,678 109,897
TRANSACTIONS WITH OWNERS IN THEIR CAPACITY AS OWNERS:
Supplementary Dividends - - - - (1,497) (1,497)
Dividends Paid8 - - - - (43,301) (43,301)
Foreign Investor Tax Credit - - - - 1,497 1,497
BALANCE AT 31 MARCH 2018 85,821 51,254 (10,644) (232) 583,359 709,558
The accompanying notes form an integral part of these f inancial statements.
80
The accompanying notes form an integral part of these f inancial statements.
Cash Flow Statement
FOR THE YEAR ENDED 31 MARCH 2019
Note
2019
$000
2018
$000
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts f rom Customers 2,931,037 2,580,429
Interest Received 673 511
Payments to Suppliers and Team Members (2,674,532) (2,388,030)
Interest Paid (7,541) (7,567)
Income Taxes Paid (52,214) (45,107)
NET CASH FLOWS FROM OPERATING ACTIVITIES22 197,423 140,236
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds f rom Sale of Property, Plant & Equipment 14,048 4,507
Proceeds f rom Sale of Software 50 46
Repayments by Team Members 8 213
Purchase of Property, Plant & Equipment (87,673) (51,509)
Purchase of Software (15,603) (17,726)
Advances to Team Members (3) (10)
Establishment of Franchises and Acquisition of Subsidiaries - (250)
NET CASH FLOWS FROM INVESTING ACTIVITIES (89,173) (64,729)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds of Long Term Loans 320 1,974
Proceeds of Share Issues - -
Dividend Paid to Shareholders (48,335) (43,300)
Repayment of Loans (26,755) (28,441)
NET CASH FLOWS FROM FINANCING ACTIVITIES (74,770) (69,767)
NET INCREASE / (DECREASE) IN CASH AND CASH EQUIVALENTS 33,480 5,740
Net Foreign Exchange Differences 1,215 380
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 80,485 74,365
CASH AND CASH EQUIVALENTS AT END OF PERIOD 115,180 80,485
COMPRISED
Bank and Short Term Deposits10 115,184 80,521
Bank Overdraft (4) (36)
115,180 80,485
81
Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2019
1 CORPORATE INFORMATION
The f inancial statements of Mainf reight Limited (“the Parent“) and its subsidiaries (“the Group”) for the year ended 31 March 2019
were authorised for issue in accordance with a resolution of the Directors.
Mainf reight Limited is a company limited by shares incorporated in New Zealand whose shares are publicly traded on the NZX Main
Board (New Zealand Stock Exchange).
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(a) Basis of Preparation
The f inancial statements have been prepared in accordance with generally accepted accounting practice in New Zealand (NZ
GAAP) and the requirements of the Companies Act 1993 and the Financial Markets Conduct Act 2013. The f inancial statements
have been prepared:
• On a historical cost basis, except for land, and derivative f inancial instruments.
• On a GST exclusive basis, except for receivables and payables that are stated inclusive of GST.
(b) Statement of Compliance
The f inancial statements comply with New Zealand equivalents to International Financial Reporting Standards (NZ IFRS) and
other applicable Financial Reporting Standards, as appropriate for prof it-oriented entities. The f inancial statements comply with
International Financial Reporting Standards (IFRS).
(c) Basis of Consolidation
The consolidated f inancial statements comprise the f inancial statements of Mainf reight Limited and its subsidiaries (the
“Group”) as at 31 March each year (as outlined in note 13).
Consolidation of a subsidiary begins when the Group obtains control over the subsidiary and ceases when the Group loses
control of the subsidiary. Assets, liabilities, income and expenses of a subsidiary acquired or disposed of during the year are
included in the statement of comprehensive income f rom the date the Group gains control until the date the Group ceases to
control the subsidiary.
Control is achieved when the Group is exposed, or has rights, to variable returns f rom its involvement with the investee and has
the ability to affect those returns through its power over the investee.
The f inancial statements of subsidiaries are prepared for the same reporting period as the parent company, using consistent
accounting policies. Income and expenses for each subsidiary whose functional currency is not New Zealand dollars are
translated at exchange rates which approximate the rates at the actual dates of the transactions. Assets and liabilities of such
subsidiaries are translated at exchange rates prevailing at balance date. All resulting exchange differences are recognised in the
foreign currency translation reserve which is a separate component of equity.
In preparing the consolidated f inancial statements, all inter-company balances and transactions, income and expenses and
prof it and losses resulting f rom intra-group transactions have been eliminated in full.
(d) Foreign Currency Translation
(i) Functional and Presentation Currency
The presentation currency of the Group is New Zealand dollars ($) and all values are rounded to the nearest thousand dollars
($000). Each entity in the Group determines its own functional currency and items included in the f inancial statements of each
entity are measured using that functional currency.
(ii) Transactions and Balances
Transactions in foreign currencies are initially recorded in the functional currency by applying the exchange rates ruling at the
date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the rate of exchange
ruling at the balance sheet date.
All exchange differences in the consolidated f inancial statements are taken to prof it or loss with the exception of differences on
foreign currency borrowings that provide a hedge against a net investment and differences arising on translation of a foreign
operation. These are recognised in other comprehensive income and accumulated in reserves until disposal of the net investment
at which time they are recognised in prof it or loss. On disposal of a foreign operation, the cumulative amount recognised in
equity relating to that particular foreign operation is recognised in prof it or loss. Tax charges and credits attributable to exchange
differences on those borrowings are also recognised in equity.
82
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
Non-monetary items that are measured in terms of historical cost in a foreign currency are translated using the exchange rate
as at the date of the initial transaction. Non-monetary items measured at fair value in a foreign currency are translated using the
exchange rates at the date when the fair value was determined.
(iii) Hedges of a Net Investment
Hedges of a net investment in a foreign operation, including a hedge of a monetary item that is accounted for as part of the net
investment, are accounted for by including the gains or losses on the hedging instrument relating to the effective portion of the
hedge directly in equity while any gains or losses relating to the ineffective portion of the hedge are recognised in prof it or loss.
On disposal of the foreign operation, the cumulative value of any such gains or losses recognised directly in equity is transferred
to prof it or loss.
(e) Changes in Accounting Policies
The accounting policies applied in the preparation of the consolidated f inancial statements are consistent with the prior year,
except for the adoption of new standards effective 1 January 2018, namely NZ IFRS 15 and NZ IFRS 9. The Group has not early
adopted any other standards, interpretation or amendment that have been issued but are not yet effective.
NZ IFRS 15 – Revenue f rom Contracts with Customers (effective for annual periods beginning on or after 1 January 2018). The
Group has adopted NZ IFRS 15 Revenue f rom Contracts with Customers f rom its 2019 f inancial year. The core principle of
NZ IFRS 15 is that an entity recognises revenue to present the transfer of promised goods or services to customers reflecting the
consideration to which the entity expects to be entitled in exchange for those goods or services.
The Group transitioned to NZ IFRS 15 using the fully retrospective method, meaning that the 2018 comparative balances in the
2019 f inancial statements have been restated, with an adjustment to equity at 1 April 2017 to reflect the cumulative prof it impact
at that time.
The recognition of revenue on the basis described above has led to a delay in the recognition of revenue compared to the
methods previously used. At any point in time this is expected to be less than 1.0% of annual revenue. As this deferral will occur at
both the beginning and end of the year, the impact on recorded revenue in any f inancial period is expected to be minimal and
for the 2018 year has been calculated as a $2,160,000 reduction of revenue. Further, as the recognition of costs in many cases will
be revised to reflect the revised recognition of revenue the prof it impact in any period is expected to be highly immaterial and for
the 2018 year has been calculated as a $302,000 reduction of pre-tax prof it. After tax this adjustment was a $215,000 reduction.
The impact upon opening (1 April 2017) net assets and equity of the Group is calculated as a reduction of equity of $2,640,000.
The Group elected to use the practical expedient regarding the disclosure requirement of the transaction price allocated to
unsatisf ied performance obligations. In all customer contracts either the original expected duration is one year or less.
NZ IFRS 9 – Financial Instruments: Classif ication and Measurement (effective for annual periods beginning on or after 1 January
2018). The Group has adopted NZ IFRS 9 f rom 1 April 2018.
The impact of this standard did not have a material impact on the f inancial statements.
(f) New Accounting Standards and Interpretations
The Group has chosen not to early adopt the following standards that have been issued but are not yet effective:
NZ IFRS 16 – Leases (effective for annual periods beginning on or after 1 January 2019). NZ IFRS 16 Leases fundamentally changes
the way in which lessors account for leases. The Group will implement this standard f rom 1 April 2019. Under the new standard,
a lessee is in essence required to:
(i) Recognise a right of use assets and a lease liability for each lease, with the exception of short-term (under 12 months) and low
value leases, on the balance sheet. The liability is initially measured at the present value of future minimum lease payments
for the lease term. The right of use asset reflects the lease liability, initial direct costs, any lease payments made before the
commencement date of the lease less any lease incentives.
(ii) Recognise depreciation of right of use assets and interest on lease liabilities in the income statement over the lease term.
(iii) Separate the total amount of cash paid into a principal portion (presented within f inancing activities) and interest portion
(which the Group presents in operating activities) in the cash flow statement.
This standard will have a signif icant impact on a number of the Group’s earnings measures as well as an increase in both total
assets and liabilities.
The Group has determined that it will use the modif ied retrospective approach to transition. This will involve recording an
assessed cumulative impact of application as at 1 April 2019. The Group has performed modelling of the impact of the new
standard using lease information as at 31 March 2019. This suggests that:
Total assets and liabilities are likely to increase in the order of $575,898,000.
As the current rental expense will no longer be recognised, EBITDA is likely to increase in the order of $105,233,000.
As additional depreciation and interest costs will be recognised, prof it before tax will initially decrease by an amount of
approximately $7,584,000.
83
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
(g) Revenue Recognition
In relation to f reight transactions, the Group considers its sole performance obligation to be the delivery of f reight to the final
destination. Ancillary services such as customs clearance are not considered to be separate performance obligations. Instead,
together with f reight they represent a bundle of performance obligations.
The Group considers that the performance obligation is satisf ied over time, and so will recognise the related revenue as the
performance obligation is satisf ied. In relation to domestic f reight the stage of completion is to be measured relative to cost
whereas in relation to air and ocean f reight it will be measured relative to time.
3 FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES
The Group’s principal f inancial instruments, other than derivatives, comprise bank loans and overdrafts, cash and short term deposits,
director loans, trade creditors and accruals and trade debtors.
The main purpose of these f inancial instruments is to raise f inance and provide working capital for the Group’s operations.
The Group also enters into derivative transactions, principally interest rate swaps. The purpose is to manage the interest rate risks
arising f rom the Group’s operations and its sources of f inance. These are not currently hedge accounted.
The main risks arising f rom the Group’s f inancial instruments are cash flow interest rate risk, fair value interest rate risk, liquidity risk,
foreign currency risk and credit risk.
Details of the signif icant accounting policies and methods adopted, including the criteria for recognition, the basis of measurement
and the basis on which income and expenses are recognised, in respect of each class of f inancial asset, f inancial liability and equity
instrument are disclosed in notes 2 and 4 to the f inancial statements and other relevant notes.
Cash Flow Interest Rate Risk
The Group’s exposure to cash flow risk through changes in market interest rates relates primarily to the Group’s long term debt
obligations with a floating interest rate. The level of debt is disclosed in note 19.
The Group’s policy is to manage its interest cost using a mix of f ixed and variable rate debt. To manage this mix in a cost efficient
manner, the Group enters into interest rate swaps, in which the Group agrees to exchange, at specif ied intervals, the difference
between f ixed and variable rate interest amounts calculated by reference to an agreed-upon notional principal amount. With the
current low interest rate environment, particularly in Europe and the USA, the Board decided not to enter into any swaps at this time.
At 31 March 2019 none of the Group’s borrowings are at a f ixed rate of interest (2018: nil).
Fair Value Interest Rate Risk
If the Group holds f ixed rate debt there is a risk that the economic value of a f inancial instrument will fluctuate because of changes
in market interest rates. The level of f ixed rate debt is disclosed in note 19 and it is acknowledged that this risk is a by product of the
Group’s attempt to manage its cash flow interest rate risk. The Group is also exposed to fair value interest rate risk through the use of
interest rate swaps. The Group accepts this risk as a by-product of its hedging strategy.
Interest on f inancial instruments classif ied as floating have their rates repriced at intervals of less than one year. Fixed rate instruments
are f ixed until the maturity of the instrument.
The Group constantly analyses its interest rate risk exposure. Within this analysis consideration is given to potential renewals of existing
positions, alternative f inancing and the mix of f ixed and variable interest rates.
The following sensitivity analysis is based on the interest rate exposures in existence at the balance sheet date.
At 31 March 2019, if interest rates had moved, as illustrated in the table below, with all other variables held constant, post tax prof it
(including swap fair value movements) would have been affected as follows:
Post Tax Profit
Higher (Lower)
2019
$000
2018
$000
+ 1.0% (100 Basis Points)(913)(1,378)
- 0.5% (50 Basis Points) 457 689
Foreign Currency Risk
Foreign currency risk is the risk that the value of the Group’s assets, liabilities and f inancial performance will fluctuate due to changes
in foreign currency rates.
The Group is primarily exposed to currency risk as a result of its operations in Australia, America, Europe and Asia.
The risk to the Group is that the value of the overseas subsidiaries’ and associates’ f inancial positions and f inancial performances will
fluctuate in economic terms and as recorded in the consolidated accounts due to changes in overseas exchange rates.
84
3 FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONTINUED)
The Group economically hedges some of the currency risk relating to its Australian operations by holding a portion of its bank
borrowings in Australian dollars. Any foreign currency movement in the net assets of the Australian subsidiaries is partly offset by an
opposite movement in the Australian dollar loan. In addition the Group has loans in United States (US) dollars to assist in funding its US
operations and to offset the variability of future post interest f inancial performance to foreign exchange rate fluctuations. In addition
the Group has loans in Euros to assist in funding its European operations and to offset the variability of future post interest f inancial
performance to foreign exchange rate fluctuations. These foreign currency borrowings are held in Australian, US and New Zealand
entities respectively.
Included in bank term loans at 31 March 2019 is a borrowing of EU€99,700,000 (2018 €102,700,000) which has been designated as a
hedge of the net investments in the European subsidiaries. It is being used to hedge the Group’s exposure to changes in exchange
rates on the value of its net investments in Europe. Gains or losses on the retranslation of this borrowing are recognised in other
comprehensive income to offset any gains or losses on translation of the net investments in the subsidiaries. A net after tax gain on
the hedge of the net investment of NZ$2,587,753 (2018 net after tax loss $8,668,713) was recognised in other comprehensive income
for the period.
There is an economic relationship between the hedged item and the hedging instrument as the net investment creates a translation
risk that will match the foreign exchange risk on the EUR borrowing. The Group has established a hedge ratio of 1:1 as the underlying
risk of the hedging instrument is identical to the hedged risk component. Hedge ineffectiveness will arise when the amount of the
investment in the foreign subsidiary becomes lower than the amount of the f ixed rate borrowing.
2019
AU$000
2018
AU$000
Net Assets Relating to Australian Subsidiaries Exposed to Currency Risk139,967108,092
US$000US$000
Net Assets Relating to American & Asian Subsidiaries Exposed to Currency Risk 98,150 87,474
EU€000EU€000
Net Assets Relating to European Subsidiaries Exposed to Currency Risk 38,834 29,561
Currency movements in the foreign denominated balances above are reflected in the Foreign Currency Translation Reserve.
The movements were comprised of the following:
2019
NZ$000
2018
NZ$000
Retranslation of Net Assets in Foreign Subsidiaries1,144(1,978)
Tax on Unrealised Foreign Exchange Gain(1,006)3,371
MOVEMENT IN FOREIGN CURRENCY TRANSLATION RESERVE1381,393
The Group is exposed to currency risk in relation to trading balances denominated in other than the NZ dollar, principally by the
trading of the Group’s overseas businesses.
At 31 March 2019 the Group has the following monetary assets and liabilities denominated in foreign currencies: 78% of trade accounts
payable (2018 79%), 77% of trade accounts receivable (2018 77%), 72% of cash assets (2018 85%), and 100% of cash liabilities (2018 100%).
These amounts are inclusive of the above balances held in foreign subsidiaries.
The following sensitivity is based on the foreign currency risk exposures in existence at the balance sheet date:
At 31 March 2019, had the New Zealand Dollar moved as illustrated in the table below with all other variables held constant, post tax
prof it and equity would have been affected as follows:
Judgements of reasonably possible movements:
Post Tax Profit
Higher / (Lower)
Equity
Higher / (Lower)
2019
$000
2018
$000
2019
$000
2018
$000
NZD/USD +10% (2,563)(1,292)(13,976)(11,201)
NZD/USD -10% 3,1341,58017,08213,690
NZD/AUD +10% (2,457) (2,164) (14,509) (13,593)
NZD/AUD -10% 3,0042,64617,73316,614
NZD/EURO +10%(1,104)(631)(10,215)(10,193)
NZD/EURO -10%1,35077212,48512,459
The movement in equity is a combination of movement in post tax prof it and the movement in the Foreign Currency Translation
Reserve as values of overseas investments in subsidiaries change.
Management believes the balance date risk exposures are representative of the risk exposure inherent in the f inancial instruments.
85
3 FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONTINUED)
Credit Risk
In the normal course of business the Group is exposed to credit risk f rom f inancial instruments including cash, trade receivables, loans
to team members and derivative f inancial instruments.
Receivable balances are monitored on an ongoing basis with the result that, in management’s view, the Group’s exposure to bad debts
is not signif icant. The Group does not have concentrations of credit risk by industry but does have concentrations by geographical
sectors (refer to Segment Reporting in note 5).
With respect to credit risk arising f rom the other f inancial assets of the Group, which comprise cash and cash equivalents, loans to
team members and certain derivative instruments, the Group’s exposure to credit risk arises f rom default of the counterparty, with a
maximum exposure equal to the carrying amount of these instruments. The Group has a policy only to deal with registered banks or
f inancial institutions with high quality credit ratings.
It is the Group's policy that customers considered higher risk who wish to trade on credit terms are subject to credit verif ication
procedures including an assessment of their independent credit rating, f inancial position, past experience and industry reputation.
Risk limits are set for each individual customer in accordance with parameters set by the Board. These risk limits are regularly
monitored.
Liquidity Risk
Liquidity risk represents the Group’s ability to meet its contractual obligations. The Group’s objective is to maintain a balance between
continuity of funding and flexibility through the use of bank overdrafts, bank loans, and f inance leases. The Board considers that,
in general, the Group has suff icient cash flows f rom operating activities to meet their obligations. If there are projected shortfalls,
management ensures adequate committed f inance is available.
At 31 March 2019, none of the Group's debt will mature in less than one year (2018: nil).
The table below reflects all contractually f ixed payments and receivables for settlement, repayments and interest resulting f rom
recognised f inancial assets and liabilities, including derivative f inancial instruments as of 31 March 2019. The respective undiscounted
cash flows for the respective upcoming f iscal years are presented. Cash flows for f inancial assets and liabilities without f ixed amount
or timing are based on the conditions existing at 31 March 2019.
The remaining contractual maturities of the Group's f inancial liabilities are:
2019 Year ($000)2018 Year ($000)
<6
months
6-12
months
1-2
years
2-5
YearsTotal
<6
months
6-12
months
1-2
years
2-5
YearsTotal
Term Loan2,2182,2184,435243,088251,9592,6752,6755,351276,104286,805
Overdraft4---436---36
Creditors314,925---314,925295,000---295,000
Others1,1911,1922,5622,4157,3601,1081,1071,7452,9806,940
TOTAL318,3383,4106,997245,503574,248298,8193,7827,096279,084588,781
At balance date, the Group has approximately $223 million (2018: $194 million) of unused credit facilities available for its immediate use.
Fair Value
The Group uses various methods in estimating the fair value of assets carried at fair value. The methods comprise:
• Level 1: the fair value is calculated using quoted prices in active markets
• Level 2: the fair value is estimated using inputs other than quoted prices included in Level 1 that are observable for the asset or
liability, either directly (as prices) or indirectly (derived f rom prices)
• Level 3: the fair value is estimated using inputs for the asset or liability that are not based on observable market data
The methods for estimating fair value are outlined in the relevant notes to the f inancial statements. Refer to note 14.
86
4 SIGNIFICANT ACCOUNTING JUDGEMENTS, ESTIMATES AND ASSUMPTIONS
In applying the Group’s accounting policies, management continually evaluates judgements, estimates and assumptions based
on experience and other factors, including expectations of future events that may have an impact on the Group. All judgements,
estimates and assumptions made are believed to be reasonable based on the most current set of circumstances available to
management. Actual results may differ f rom the judgements, estimates and assumptions and the differences may be material.
Signif icant judgements, estimates and assumptions made by management in the preparation of these f inancial statements are
discussed within the specif ic accounting policy or note as shown below:
Area of JudgementNote
Allocation of Goodwill15
Impairment of Goodwill and Intangibles with Indef inite Useful Lives15
Allowance for Expected Credit Loss on Trade Debtors11
Estimation of Useful Lives of Assets14 & 15
Estimation of Land Valuation14
Timing of Revenue Recognition3
5 SEGMENTAL REPORTING
An operating segment is a component of an entity that engages in business activities f rom which it may earn revenues and incur
expenses whose operating results are regularly reviewed by the entity’s chief operating decision maker and for which discrete financial
information is available.
The Group operates in the domestic supply chain (i.e. moving and storing f reight within countries) and air and ocean f reight industries
(i.e. moving f reight between countries).
New Zealand, Australia, The Americas and Europe are each reported to management as one segment as the businesses there perform
both domestic and air and ocean services.
The accounting policies of the operating segments are the same as those described in the notes in note 2 with the exception of
deferred tax and the fair value of derivative f inancial instruments which are not reported on a monthly basis. The segmental results
f rom operations are disclosed below.
Geographical Segments
The following table represents revenue, margin and certain asset information regarding geographical segments for the years ended
31 March 2019 and 31 March 2018.
Year Ended 31 March 2019
New
Zealand
Australia
The
Americas
Asia
Europe
Inter-
Segment
Total
$000
OPERATING REVENUE
- Sales to customers
outside the group 718,791 760,844 725,200 109,321 639,931 - 2,954,087
- Inter-segment sales (590) 18,646 54,544 77,409 37,578 (187,587) -
TOTAL REVENUE 718,201 779,490 779,744 186,730 677,509 (187,587) 2,954,087
EBITDA 110,556 59,323 38,342 9,263 39,565 - 257,049
Depreciation &
Amortisation 22,638 8,163 6,565 657 15,084 - 53,107
Capital Expenditure 48,595 20,767 9,112 1,325 23,477 - 103,276
Trade Receivables 89,966 98,431 104,439 17,571 102,169 (22,200) 389,376
Non-current Assets 423,238 193,231 91,048 11,802 223,506 - 942,825
Total Assets 548,788 322,949 218,750 52,762 381,840 (22,200) 1,502,889
Total Liabilities210,262 142,957 113,099 24,392 196,064 (22,200) 664,574
87
5 SEGMENTAL REPORTING (CONTINUED)
Year Ended 31 March 2018
New
Zealand
Australia
The
Americas
Asia
Europe
Inter-
Segment
Total
$000
OPERATING REVENUE
- Sales to customers
outside the group 666,039 674,679 608,846 117,308 549,828 - 2,616,700
- Inter-segment sales 294 18,631 40,811 64,084 30,228 (154,048) -
TOTAL REVENUE 666,333 693,310 649,657 181,392 580,056 (154,048) 2,616,700
EBITDA 98,531 54,002 26,621 6,883 29,077 - 215,114
Depreciation &
Amortisation 21,174 7,173 5,786 644 13,011 - 47,788
Capital Expenditure 33,463 7,860 6,495 240 21,173 - 69,231
Trade Receivables 85,475 92,321 94,181 15,212 93,488 (18,940) 361,737
Non-current Assets 372,010 175,197 83,823 11,094 223,388 - 865,512
Total Assets 473,466 299,529 200,561 50,897 371,190 (18,940) 1,376,703
Total Liabilities202,686 146,995 114,872 22,245 199,287 (18,940) 667,145
Division Segments
The following table represents revenue and EBITDA regarding the three main types of services for the years ended 31 March 2019
and 31 March 2018.
Year Ended 31 March 2019
Domestic
Transport
Warehousing
Air & Ocean
Forwarding
Total
$000
Revenue 1,450,942 346,567 1,156,578 2,954,087
EBITDA 156,681 37,282 63,086 257,049
Year Ended 31 March 2018
Domestic
Transport
Warehousing
Air & Ocean
Forwarding
Total
$000
Revenue 1,297,013 289,080 1,030,607 2,616,700
EBITDA 128,382 33,142 53,590 215,114
Reconciliation between Segment EBITDA and the Income Statement
2019
$000
2018
$000
Prof it f rom Operations Before Abnormal Items and Taxation for the Year 197,074 160,270
Interest Income (673) (511)
Derivative Fair Value Movement - -
Non-cash Share Based Payment Expense - -
Finance Costs 7,541 7,567
Depreciation & Amortisation 53,107 47,788
EBITDA 257,049 215,114
EBITDA is def ined as earnings before net interest expense, tax, depreciation, amortisation, abnormal items, royalties, share based
payment expense, minority interests and associates.
There are no customers in any segment that comprise more than 10% of that segment's revenue.
Bank term loan is allocated based on segment net assets excluding bank term loan.
The geographical segments are determined based on the location of the Group's assets.
88
6 EXPENSES AND OTHER INCOME
The Prof it before Taxation is stated:
2019
$000
2018
$000
AFTER CHARGING:
Audit Fees - Parent Company Auditors1,731 1,465
Audit Fees - Other Auditors 108 65
Other Fees Paid to Parent Co Auditors
Assurance Related Services and Agreed Upon Procedures - 8
Tax Advice and Compliance 730 645
Financial Statement Compilation - 23
Other Services including Legal Advice and Accounting Advice - 55
Employee Benef its Expense
Wages and Salaries 611,963 537,805
Directors’ Fees 678 678
TOTAL EMPLOYEE BENEFITS 612,641 538,483
Interest: Variable Loans 7,351 7,424
Finance Leases 190 143
Derivative Fair Value Movement - -
Donations 1,102 1,076
Rental & Operating Lease Costs 80,627 80,830
AFTER CREDITING OTHER INCOME:
Interest Income 673 511
Net Gain / (Loss) on Foreign Exchange 4,882 2,111
Net Gain / (Loss) on Disposal of Property, Plant & Equipment 3,280 1,339
Rental Income 619 1,156
89
7 INCOME TAX
Current tax assets and liabilities for the current and prior periods are measured at the amount expected to be recovered f rom or paid
to the taxation authorities based on the current period’s taxable income. The tax rates and tax laws used to compute the amount are
those that are enacted or substantively enacted by the balance sheet date.
Deferred income tax is generally provided on all temporary differences at the balance sheet date between the tax bases of assets and
liabilities and their carrying amounts for f inancial reporting purposes.
Deferred income tax liabilities are recognised for all taxable temporary differences except:
• When the deferred income tax liability arises f rom the initial recognition of goodwill or of an asset or liability in a transaction that
is not a business combination and that, at the time of the transaction, affects neither the accounting prof it nor taxable prof it or
loss; or
• When the taxable temporary difference is associated with investments in subsidiaries, associates or interests in joint ventures, and
the timing of the reversal of the temporary difference can be controlled and it is probable that the temporary difference will not
reverse in the foreseeable future.
Deferred income tax assets are recognised for all deductible temporary differences, carry-forward of unused tax credits and unused
tax losses, to the extent that it is probable that taxable prof it will be available against which the deductible temporary differences and
the carry-forward of unused tax credits and unused tax losses can be utilised, except:
• When the deferred income tax asset relating to the deductible temporary difference arises f rom the initial recognition of an asset
or liability in a transaction that is not a business combination and, at the time of the transaction, affects neither the accounting
prof it nor taxable prof it or loss; or
• When the deductible temporary difference is associated with investments in subsidiaries, associates or interests in joint ventures,
in which case a deferred tax asset is only recognised to the extent that it is probable that the temporary difference will reverse in
the foreseeable future and taxable prof it will be available against which the temporary difference can be utilised.
The carrying amount of deferred income tax assets is reviewed at each balance sheet date and reduced to the extent that it is no
longer probable that suff icient taxable prof it will be available to allow all or part of the deferred income tax asset to be utilised.
Unrecognised deferred income tax assets are reassessed at each balance sheet date and are recognised to the extent that it has
become probable that future taxable prof it will allow the deferred tax asset to be recovered.
Deferred income tax assets and liabilities are measured at the tax rates that are expected to apply to the year when the asset is realised
or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted at the balance sheet date.
Income taxes relating to items recognised directly in equity are recognised in equity and not in prof it or loss.
Deferred tax assets and deferred tax liabilities are offset only if a legally enforceable right exists to set off current tax assets against
current tax liabilities and the deferred tax assets and liabilities relate to the same taxable entity and the same taxation authority.
2019
$000
2018
$000
Prof it Before Taxation for the Year 192,109 153,046
Prima Facie Taxation at 28% NZ, 30% Australia, 37% USA, 16.5% Hong Kong, 25% China, 25% Europe 52,867 44,840
(31 March 2018 28% NZ, 30% Australia, 37% USA, 16.5% Hong Kong, 25% China, 25% Europe)
Adjusted by the Tax Effect of:
Prior Year Tax Adjustments 531 384
Tax Rate Change - (722)
Non-deductible Expenses 1,087 866
AGGREGATE INCOME TAX EXPENSE 54,485 45,368
Current Tax 53,890 46,764
Deferred Tax 595 (1,396)
54,485 45,368
Imputation Credit Account
2019
$000
2018
$000
THE AMOUNT OF CREDITS AVAILABLE FOR USE IN SUBSEQUENT REPORTING PERIODS 52,687 46,412
90
7 INCOME TAX (CONTINUED)
Recognised Deferred Tax Assets and Liabilities
Balance SheetIncome Statement
2019
$000
2018
$000
2019
$000
2018
$000
(i) Deferred Tax Assets
Doubtful Debts893 923 55 309
Provisions:
Annual Leave4,405 3,813 (604) (371)
Long Service Leave2,801 2,594 (252) (293)
Bonuses6,731 5,438 (1,285) (250)
Superannuation3 8 4 220
ACC24 13 (10) (6)
Other5,464 6,059 534 783
Foreign Exchange Impact-- (152) 1,508
Gross Deferred Tax Assets 20,321 18,848
Set-off of Deferred Tax Liabilities 14,087 9,966
NET DEFERRED TAX ASSETS PER BALANCE SHEET 6,234 8,882
(ii) Deferred Tax Liabilities
Deferred Tax on Property, Plant & Equipment 31,831 27,943 4,016 (1,474)
Customer Lists 696 1,234 (430) (886)
Brand Names 952 1,966 (1,014) (670)
Unrealised FX Gains / Losses 81 349 (267) (266)
Gross Deferred Tax Liabilities 33,560 31,492
Set-off of Deferred Tax Liabilities Against Assets 14,087 9,966
NET DEFERRED TAX LIABILITIES PER BALANCE SHEET 19,473 21,526
DEFERRED TAX (INCOME) / EXPENSE 595 (1,396)
8 DIVIDENDS PAID AND PROPOSED
2019
$000
2018
$000
RECOGNISED AMOUNTS
Declared and Paid During the Year to Parent Shareholders
Final Fully Imputed Dividend for 2018: 26.0 cents (2017: 24.0 cents) 26,182 24,168
Interim Fully Imputed Dividend for 2019: 22.0 cents (2018: 19.0 cents) 22,153 19,133
48,335 43,301
UNRECOGNISED AMOUNTS
Final Fully Imputed Dividend for 2019: 34.0 cents (2018: 26.0 cents) 34,238 26,182
After the balance date, the above unrecognised dividends were approved by directors' resolution dated 27 May 2019.
These amounts have not been recognised as a liability in 2019 but will be brought to account in 2020.
91
9 EARNINGS PER SHARE
Basic earnings per share is calculated as net prof it attributable to members of the Parent, adjusted to exclude any costs of servicing
equity (other than dividends), divided by the weighted average number of ordinary shares.
Diluted earnings per share is calculated as net prof it attributable to members of the parent, adjusted for:
• Costs of servicing equity (other than dividends);
• The after tax effect of dividends and interest associated with dilutive potential ordinary shares that have been recognised as
expenses; and
• Other non-discretionary changes in revenues or expenses during the period that would result f rom the dilution of potential
ordinary shares;
divided by the weighted average number of ordinary shares and dilutive potential ordinary shares.
The following reflects the income used in the basic and diluted earnings per share computations:
Net prof it f rom continuing operations attributable to ordinary equity holders of the Parent.
2019
$000
2018
$000
FOR BASIC AND DILUTED EARNINGS PER SHARE
Net Prof it Attributable to Ordinary Equity Holders of the Parent 137,624 107,678
WEIGHTED AVERAGE NUMBER OF SHARES
ThousandsThousands
Weighted Number of Ordinary Shares for Basic Earnings Per Share100,699 100,699
Effect of Dilution; Weighted Number of Partly Paid Shares - -
Weighted Number of Ordinary Shares Adjusted for the Effect of Dilution100,699 100,699
CentsCents
Earnings Per Share: Total Operations136.67106.93
Diluted Earnings Per Share: Total Operations136.67106.93
Partly Paid Redeemable Shares granted to team members as described in note 21 were considered to be potential ordinary shares
and have been included in the determination of diluted earnings per share. They have not been included in the determination of basic
earnings per share.
10 CURRENT ASSETS – CASH AND CASH EQUIVALENTS
Cash and cash equivalents in the balance sheet comprise cash at bank and in hand and short-term deposits with an original maturity
of three months or less that are readily convertible to known amounts of cash and which are subject to an insignif icant risk of changes
in value.
Cash at bank earns interest at floating rates based on daily bank deposit rates. The carrying amounts of cash and cash equivalents
represent fair value.
Reconciliation to Cash Flow Statement
For the purposes of the Cash Flow Statement, cash and cash equivalents comprise the following at 31 March:
2019
$000
2018
$000
Cash at Bank and in Hand 115,184 80,521
Bank Overdrafts (4) (36)
AS PER CASH FLOW STATEMENT 115,180 80,485
92
11 CURRENT ASSETS – TRADE DEBTORS
Trade debtors are non-interest bearing and are generally on 7-30 day terms. They are recognised initially at fair value and subsequently
measured at amortised cost using the effective interest method, less an allowance for impairment.
Collectability of trade debtors is reviewed on an ongoing basis. Debts that are known to be uncollectible are written off when identif ied.
The Group applies a simplif ied approach in calculating expected credit losses. Therefore, the Group does not track changes in credit
risk, but instead recognises a loss allowance based on lifetime expected credit losses at each reporting date. This is based on historical
credit loss experience, adjusted for forward-looking factors specif ic to the debtors and the economic environment. Trade debtors are
written off as bad debts when all avenues of collection have been exhausted. Due to the short term nature of these debtors, their
carrying value is assumed to approximate fair value.
2019
$000
2018
$000
Trade Debtors393,230 366,178
Allowance for Impairment Loss(3,854)(4,441)
389,376 361,737
Movements in the allowance for impairment were as follows:
Balance at 1 April 4,441 4,571
Charge for the Year 2,770 2,773
Acquired Businesses - -
Amounts Written Off (3,357) (2,903)
BALANCE AT 31 MARCH 3,854 4,441
At 31 March, the ageing analysis of trade receivables is as follows:
$000Total
0-30
Days
31-60
Days
61-90
Days
PDNI*
61-90
Days
CI#
+91
Days
PDNI*
+91
Days
CI#
2019393,230 266,603 94,412 17,607 147 10,754 3,707
2018366,178 237,438 90,079 21,160 454 13,061 3,986
* Past due not impaired (PDNI)
# Considered Impaired (CI)
Credit risk management policy is disclosed in note 3.
The maximum exposure to credit risk is the fair value of receivables. Collateral is not held as security, nor is it the Group’s policy to
transfer receivables.
12 CURRENT ASSETS – OTHER RECEIVABLES
2019
$000
2018
$000
Sundry Prepayments and Other Receivables 55,304 60,811
CARRYING AMOUNT OF OTHER RECEIVABLES 55,304 60,811
93
13 INVESTMENT IN SUBSIDIARY COMPANIES
Principal Subsidiary Companies all with
31 March Balance Dates Include: Principal Activity
Country of
Incorporation
2019
Shareholding
2018
Shareholding
Daily Freight (1994) LtdDomestic Freight ForwardingNew Zealand100.0%100.0%
Owens Transport LtdDomestic Freight ForwardingNew Zealand100.0%100.0%
Mainf reight Air & Ocean LtdAir & Ocean Freight ForwardingNew Zealand100.0%100.0%
Owens Group LtdGroup ServicesNew Zealand100.0%100.0%
Mainf reight Distribution Pty LtdDomestic Freight ForwardingAustralia100.0%100.0%
Owens Transport Pty LtdDomestic Freight ForwardingAustralia100.0%100.0%
Mainf reight Air & Ocean Pty LtdAir & Ocean Freight ForwardingAustralia100.0%100.0%
Mainf reight Holdings Pty LtdHolding CompanyAustralia100.0%100.0%
Mainf reight Finance AustraliaHolding PartnershipAustralia100.0%100.0%
Carotrans International Inc.Air & Ocean Freight ForwardingUnited States100.0%100.0%
Mainf reight, Inc.Domestic & Air & Ocean Freight
Forwarding
United States100.0%100.0%
Mainf reight USA PartnershipHolding PartnershipUnited States100.0%100.0%
Carotrans (Chile) LimitadaAir & Ocean Freight ForwardingChile100.0%100.0%
Mainf reight, Inc.Air & Ocean Freight ForwardingCanada100.0%100.0%
Mainf reight Mexico S de RL de CVAir & Ocean Freight ForwardingMexico100.0%100.0%
Mainf reight Hong Kong LtdAir & Ocean Freight ForwardingHong Kong100.0%100.0%
Mainf reight China Ltd Air & Ocean Freight ForwardingHong Kong100.0%100.0%
Mainf reight Int.Logistics (Shanghai) Co LtdAir & Ocean Freight ForwardingChina100.0%100.0%
Mainline Global Logistics Pte LtdAir & Ocean Freight ForwardingSingapore100.0%100.0%
Mainf reight Global Taiwan LtdAir & Ocean Freight ForwardingTaiwan100.0%100.0%
Mainf reight (Thailand) Co LtdAir & Ocean Freight ForwardingThailand100.0%100.0%
Mainf reight Vietnam Company LtdAir & Ocean Freight ForwardingVietnam100.0%100.0%
Mainf reight Logistics (Malaysia) Sdn BhdAir & Ocean Freight ForwardingMalaysia100.0%n/a
Mainf reight Japan Co LtdAir & Ocean Freight ForwardingJapan100.0%n/a
Mainf reight Netherlands Coop UAHolding EntityNetherlands100.0%100.0%
Mainf reight Netherlands International BVHolding EntityNetherlands100.0%100.0%
Mainf reight Holding BVHolding EntityNetherlands100.0%100.0%
Debo Montferland BVHolding EntityNetherlands100.0%100.0%
Mainf reight Customs Clearance BVDomestic Freight ForwardingNetherlands100.0%100.0%
Mainf reight Forwarding Netherlands BVDomestic Freight ForwardingNetherlands100.0%100.0%
Mainf reight Transport Netherlands BVDomestic Freight ForwardingNetherlands100.0%100.0%
Mainf reight Crossdock BVDomestic Freight ForwardingNetherlands100.0%100.0%
Mainf reight BVAir & Ocean Freight ForwardingNetherlands100.0%100.0%
Wim Bosman C.E.E. BVDomestic Freight ForwardingNetherlands100.0%100.0%
Mainf reight Logistic Services Netherlands BV Domestic Freight ForwardingNetherlands100.0%100.0%
Mainf reight Logistic Services Geleen BVDomestic Freight ForwardingNetherlands100.0%100.0%
SystemPlus Logistics Services BVDomestic Freight ForwardingNetherlands100.0%100.0%
Mainf reight Support Belgium NVGroup ServicesBelgium100.0%100.0%
SystemPlus Logistics Services NVDomestic Freight ForwardingBelgium100.0%100.0%
Mainf reight Forwarding Belgium NVDomestic Freight ForwardingBelgium100.0%100.0%
Mainf reight Transport Belgium BVBADomestic Freight ForwardingBelgium100.0%100.0%
Mainf reight Logistic Services Belgium NVDomestic Freight ForwardingBelgium100.0%100.0%
Mainf reight N.V.Air & Ocean Freight ForwardingBelgium100.0%100.0%
Mainf reight France SADomestic Freight ForwardingFrance100.0%100.0%
Mainf reight SASAir & Ocean Freight ForwardingFrance100.0%100.0%
Mainf reight Poland Sp ZOODomestic Freight ForwardingPoland100.0%100.0%
Mainf reight Sp ZOOAir & Ocean Freight ForwardingPoland100.0%100.0%
Mainf reight S.R.L.Domestic Freight ForwardingRomania100.0%100.0%
Mainf reight Russ LLCDomestic Freight ForwardingRussia100.0%100.0%
Mainf reight GmbHAir & Ocean Freight ForwardingGermany100.0%100.0%
Mainf reight Ukraine LLCDomestic Freight ForwardingUkraine100.0%100.0%
Mainf reight UK LtdAir & Ocean Freight ForwardingU.K.100.0%100.0%
Mainf reight Italy SRLAir & Ocean Freight ForwardingItaly100.0%100.0%
94
14 NON-CURRENT ASSETS – PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment, except land, is stated at historical cost less accumulated depreciation and any accumulated
impairment losses. Such cost includes the cost of replacing parts that are eligible for capitalisation when the cost of replacing the
parts is incurred. All other repairs and maintenance are recognised in prof it or loss as incurred.
Land is measured at fair value, based on valuations by external independent valuers who apply the International Valuation Standards
Committee International Valuation Standards, less any impairment losses recognised after the date of the revaluation. Land is revalued
at least every three years with the last valuation done as at 31 March 2019.
Depreciation is calculated on a straight-line basis at rates calculated to allocate the assets’ cost, less estimated residual value, over their
estimated useful lives as follows:
Per annum
Landnot depreciated
Buildings 2% to 3%
Leasehold Improvements10% or life of lease if shorter
Plant, Vehicles and Equipment8% to 36%
The assets’ residual values, useful lives and depreciation methods are reviewed, and adjusted if appropriate, at each f inancial year end.
Revaluations of Land
Revaluations increment is credited to other comprehensive income and accumulated in the asset revaluation reserve except to the
extent that it reverses a revaluation decrease of the same asset previously recognised in prof it or loss, in which case the increase is
recognised in prof it or loss.
Any revaluation decrement is recognised in prof it or loss, except to the extent that it offsets a previous revaluation increase for the
same asset, in which case the decrease is debited directly to other comprehensive income to the extent of the credit balance existing
in the revaluation reserve for that asset.
Disposal
An item of property, plant and equipment is de-recognised upon disposal or when no further future economic benef its are expected
f rom its use or disposal.
Any gain or loss arising on de-recognition of the asset (calculated as the difference between the net disposal proceeds and the carrying
amount of the asset) is included in prof it or loss in the year the asset is de-recognised.
(a) Reconciliation of Carrying Amounts at the Beginning and End of the Year
Year Ended 31 March 2019
Land
$000
Buildings
$000
Leasehold
Improvements
$000
Plant,
Vehicles
& Equipment
$000
Leased
Plant,
Vehicles
& Equipment
$000
Work in
Progress
$000
Total
$000
At 1 April 2018,
Net of Accumulated
Depreciation 157,067 310,431 14,692 91,344 1,936 6,840 582,310
Additions 17,547 5,442 4,799 40,220 1,124 18,541 87,673
Disposals (32) (1,496) (6) (4,072) (61) (165) (5,832)
Transfer Between Asset
Classif ications - 2,087 - 2,371 465 (4,923) -
Revaluations 43,652 - - - - - 43,652
Depreciation Charge
for the Year (5) (12,134) (2,933) (20,501) (960) - (36,533)
Foreign Exchange
Impact (1,743) (2,685) 166 (205) (31) (143) (4,641)
AT 31 MARCH 2019,
NET OF ACCUMULATED
DEPRECIATION 216,486 301,645 16,718 109,157 2,473 20,150 666,629
Cost or Fair Value 216,486 427,043 40,338 266,787 10,538 20,150 981,342
Accumulated
Depreciation - (125,398) (23,620) (157,630) (8,065) - (314,713)
NET CARRYING AMOUNT 216,486 301,645 16,718 109,157 2,473 20,150 666,629
Work in progress net carrying amount included $12,793,000 for property (2018 $1,298,000).
95
14 NON-CURRENT ASSETS – PROPERTY, PLANT AND EQUIPMENT (CONTINUED)
Year Ended 31 March 2018
Land
$000
Buildings
$000
Leasehold
Improvements
$000
Plant,
Vehicles
& Equipment
$000
Leased
Plant,
Vehicles
& Equipment
$000
Work in
Progress
$000
Total
$000
At 1 April 2017,
Net of Accumulated
Depreciation 154,931 304,347 13,396 80,069 4,140 13,823 570,706
Additions 4,990 5,069 4,152 30,634 222 6,438 51,505
Disposals (195) (202) (57) (3,962) (90) - (4,506)
Transfer Between Asset
Classif ications (4,856) 10,170 - 1,624 (1,312) (13,683) (8,057)***
Revaluations - - - - - - -
Depreciation Charge
for the Year (6) (11,670) (2,618) (17,512) (1,400) - (33,206)
Foreign Exchange
Impact 2,203 2,717 (181) 491 376 262 5,868
AT 31 MARCH 2018,
NET OF ACCUMULATED
DEPRECIATION 157,067 310,431 14,692 91,344 1,936 6,840 582,310
Cost or Fair Value 157,113 426,338 35,266 232,384 11,105 6,840 869,046
Accumulated
Depreciation (46) (115,907) (20,574) (141,040) (9,169) - (286,736)
NET CARRYING AMOUNT 157,067 310,431 14,692 91,344 1,936 6,840 582,310
*** The transfer between asset classif ication in 2018 of $8,057,000 comprised transfers out of f ixed assets to properties held for sale of
$7,852,000 and transfer out to software intangibles of $205,000.
At 31 March 2019 independent registered valuers performed a valuation of the Group's New Zealand and overseas land, buildings and
leasehold improvements. A summary of the 2019 valuations are:
Registered Valuer Country
Weighted Average
Capitalisation Rate Valuation 2019
Extensor Advisory Ltd New Zealand 5.94% NZ$406,300,000
Charter Keck Cramer Australia 6.50% AU$6,200,000
Jones Lang LaSalle Australia 5.91% AU$116,650,000
DTZ Zadelhoff V.O.F. Netherlands 7.40% EU€23,259,356
DTZ Zadelhoff BE Belgium 8.50% EU€28,174,180
Galtier Expertise France 7.50% EU€4,457,219
Nica Violeta Cornelia Romania 10.50% EU€7,231,061
GROUP TOTAL NZ$639,105,292
The element of this valuation related to land has been recorded in the f inancial statements resulting in the revaluation of land by
$89,371,000 (2018 $51,254,000) above cost.
The element of this valuation related to buildings has not been recorded in the f inancial statements. If it had been recorded a
revaluation in buildings of $120,868,000 (2018 $75,155,000) would have occurred. In addition a deferred tax liability of $10,157,000 (2018
$10,591,000 would have needed to be recorded resulting in an increase in the Revaluation Reserve of $110,711,000 (2018 $64,564,000).
In determining the fair value of land, the valuers have considered relevant general and economic factors and in particular have
investigated recent sales and leasing transactions of comparable properties that have occurred in the relevant locations within which
the assets sit. The valuers have used two principal approaches which are a capitalisation analysis and a direct comparison approach.
The valuations of land have been determined using some inputs that are not observable in the market, namely capitalisation rate and
the cashflows, and as a result these are considered level 3 valuations.
Included in the Group book values above but not in the valuations are Leasehold Improvements of $14,296,000 (2018 $12,148,000).
There were no properties held for sale included in these valuations (2018 $7,852,000).
Leased plant, vehicles and equipment is pledged as security for the related f inance lease liabilities.
96
14 NON-CURRENT ASSETS – PROPERTY, PLANT AND EQUIPMENT (CONTINUED)
(b) Carrying Amounts if Land Was Measured at Cost Less Accumulated Impairment
If Land, including properties for sale, was measured using the cost model the carrying amounts would be as follows:
2019
$000
2018
$000
Cost 127,115 111,982
Accumulated Impairment - -
NET CARRYING AMOUNT 127,115 111,982
15 NON-CURRENT ASSETS - INTANGIBLE ASSETS AND GOODWILL
(i) Goodwill
Goodwill acquired in a business combination is initially measured at cost being the excess of the cost of the business combination
over the Group’s interest in the net fair value of the acquiree’s identif iable assets, liabilities and contingent liabilities.
Following initial recognition, goodwill is measured at cost less any accumulated impairment losses.
For the purpose of impairment testing, goodwill acquired in a business combination is, f rom the acquisition date, allocated to each
of the Group’s cash-generating units, or groups of cash-generating units, that are expected to benef it f rom the synergies of the
combination, irrespective of whether other assets or liabilities of the business acquired are assigned to those units or groups of units.
Each unit or group of units to which the goodwill is so allocated:
• Represents the lowest level within the Group at which the goodwill is monitored for internal management purposes; and
• Is not larger than a segment based on the Group’s operating segments determined in accordance with NZ IFRS 8 Segment
Reporting.
Impairment is determined by assessing the recoverable amount of the cash-generating unit (group of cash-generating units), to
which the goodwill relates. When the recoverable amount of the cash-generating unit (group of cash-generating units) is less than the
carrying amount, an impairment loss is recognised. When goodwill forms part of a cash-generating unit (group of cash-generating
units) and an operation within that unit is disposed of, the goodwill associated with the operation disposed of is included in the
carrying amount of the operation when determining the gain or loss on disposal of the operation. Goodwill disposed of in this manner
is measured based on the relative values of the operation disposed of and the portion of cash-generating unit retained.
Impairment losses recognised for goodwill are not subsequently reversed.
(ii) Intangible
Intangible assets acquired separately or in a business combination are initially measured at cost. The cost of an intangible asset
acquired in a business combination is its fair value as at the date of acquisition. Following initial recognition, intangible assets are
carried at cost less any accumulated amortisation and any accumulated impairment losses. Internally generated intangible assets,
excluding capitalised development costs, are not capitalised and expenditure is recognised in prof it or loss in the year in which the
expenditure is incurred.
The useful lives of intangible assets are assessed to be either f inite or indef inite. Intangible assets with f inite lives are amortised over
the useful life and tested for impairment whenever there is an indication that the intangible asset may be impaired. The amortisation
period and the amortisation method for an intangible asset with a f inite useful life are reviewed at least at each f inancial year-end.
Changes in the expected useful life or the expected pattern of consumption of future economic benef its embodied in the asset are
accounted for prospectively by changing the amortisation period or method, as appropriate, which is a change in accounting estimate.
The amortisation expense on intangible assets with f inite lives is recognised in prof it or loss in the expense category consistent with
the function of the intangible asset.
Intangible assets with indef inite useful lives are tested for impairment annually either individually or at the cash-generating unit
(group of cash-generating units) level. Such intangibles are not amortised. The useful life of an intangible asset with an indef inite life
is reviewed each reporting period to determine whether the indef inite life assessment continues to be supportable. If not, the change
in the useful life assessment f rom indef inite to f inite is accounted for as a change in an accounting estimate and is thus accounted
for on a prospective basis.
97
15 NON-CURRENT ASSETS - INTANGIBLE ASSETS AND GOODWILL (CONTINUED)
Customer Lists and Relationships
Amortisation method used:
Amortised over the period of expected future benef it f rom the acquired customer list on a straight line basis generally f rom four to
ten years.
Internally generated or acquired:
Acquired.
Impairment testing:
Reviewed annually for impairment indicators and when an impairment indicator has been identif ied an impairment test is completed.
The amortisation method is reviewed at each f inancial year-end.
Agency Agreements
Amortisation method used:
Amortised over the period of expected future benef it f rom the acquired agencies on a straight line basis generally f rom ten to twenty
years
Internally generated or acquired:
Acquired.
Impairment testing:
Reviewed annually for impairment indicators and when an impairment indicator has been identif ied an impairment test is completed.
The amortisation method is reviewed at each f inancial year-end.
Brand Names
Amortisation method used:
The Brand Names are considered to have indef inite useful lives as the Group has rights to these names in perpetuity.
Internally generated or acquired:
Acquired.
Impairment testing:
Tested annually for impairment.
With the process of rebranding our European operations to Mainf reight continuing it was decided to impair the purchased brand of
Wim Bosman by a further one third in the 2019 f inancial year (2018 one third). This impairment entry has no cash impact.
(iii) Software
The Group uses both internal and external resources to develop software. An intangible asset arising f rom expenditure on an internal
project is recognised only when the Group can demonstrate the technical feasibility of completing the intangible asset so that it will
be available for use or sale, its intention to complete and its ability to use or sell the asset, how the asset will generate future economic
benef its, the availability of resources to complete the development and the ability to measure reliably the expenditure attributable to
the intangible asset during its development. Following the initial recognition of the expenditure, the cost model is applied requiring
the asset to be carried at cost less any accumulated amortisation and accumulated impairment losses. Any expenditure so capitalised
is amortised over the period of expected benef it f rom the related project.
The carrying value of an intangible asset arising f rom development expenditure is tested for impairment annually when the asset is
not yet available for use,or more f requently when an indication of impairment arises during the reporting period.
A summary of the policies applied to the Group’s software assets is as follows:
Software
Amortisation method used:
Amortised over the period of expected future benef it f rom the related project on a straight line basis generally f rom three to ten years.
Internally generated or acquired:
Both.
Impairment testing:
Reviewed annually for impairment indicators and when an impairment indicator has been identif ied an impairment test is completed.
The amortisation method is reviewed at each f inancial year-end.
Gains or losses arising f rom de-recognition of an intangible asset are measured as the difference between the net disposal proceeds
and the carrying amount of the asset and are recognised in prof it or loss when the asset is de-recognised.
98
15 NON-CURRENT ASSETS – INTANGIBLE ASSETS AND GOODWILL (CONTINUED)
(a) Reconciliation of Carrying Amounts at the Beginning and End of the Year
Year Ended 31 March 2019
Agency
Agreements
$000
Customer
Lists /
Rel’ships
$000
***
Software
$000
Goodwill
$000
Brand
Names
$000
Total
$000
At 1 April 2018, Net of Accumulated
Amortisation 2,781 6,383 49,374 207,919 7,863 274,320
Adjustment for Movement in
Exchange Rate 110 (146) 152 603 (144) 575
Additions - - 15,603 - - 15,603
Amortisation (447) (2,100) (14,027) - - (16,574)
Disposals - - (50) - - (50)
Impairment - - - - (3,912) (3,912)
Transfer Between Asset Classif ications - - - - - -
AT 31 MARCH 2019, NET OF
ACCUMULATED AMORTISATION 2,444 4,137 51,052 208,522 3,807 269,962
Cost (Gross Carrying Amount) 7,038 27,382 130,240 227,550 11,422 403,632
Accumulated Amortisation and
Impairment (4,594) (23,245) (79,188) (19,028) (7,615) (133,670)
NET CARRYING AMOUNT 2,444 4,137 51,052 208,522 3,807 269,962
Year Ended 31 March 2018
Agency
Agreements
$000
Customer
Lists /
Rel’ships
$000
***
Software
$000
Goodwill
$000
Brand
Names
$000
Total
$000
At 1 April 2017, Net of Accumulated
Amortisation 3,219 7,595 43,086 200,721 10,546 265,167
Adjustment for Movement in
Exchange Rate (17) 808 544 7,198 1,080 9,613
Additions - - 17,726 - - 17,726
Amortisation (421) (2,020) (12,141) - - (14,582)
Disposals - - (46) - - (46)
Impairment - - - - (3,763) (3,763)
Transfer Between Asset Classif ications - - 205 - - 205
AT 31 MARCH 2018, NET OF
ACCUMULATED AMORTISATION 2,781 6,383 49,374 207,919 7,863 274,320
Cost (Gross Carrying Amount) 6,829 27,667 115,678 226,956 11,795 388,925
Accumulated Amortisation
and Impairment (4,048) (21,284) (66,304) (19,037) (3,932) (114,605)
NET CARRYING AMOUNT 2,781 6,383 49,374 207,919 7,863 274,320
*** Software included work in progress with a book value at 31 March 2019 of nil (2018 nil). $4,960,000 of the total software net carrying amount was
internally generated, primarily team member costs for the development of new software systems (2018 $4,882,000).
99
15 NON-CURRENT ASSETS – INTANGIBLE ASSETS AND GOODWILL (CONTINUED)
(b) Impairment Tests for Goodwill and Brand Names
(i) Description of the cash generating units and other relevant information
Goodwill acquired through business combinations have been allocated to seven groups of cash generating units (CGU's) for
impairment testing as follows:
New Zealand Domestic
The recoverable amount has been determined based on a value in use calculation using cash flow projections based on f inancial
forecasts approved by senior management covering a four year period. The pre-tax discount rate applied to cash flow projections
is 11.8% (2018 11.8%). The long term growth rate used was 2.26% (2018 2.26%).
New Zealand Air & Ocean
The recoverable amount has been determined based on a value in use calculation using cash flow projections based on f inancial
forecasts approved by senior management covering a four year period. The pre-tax discount rate applied to cash flow projections
is 11.8% (2018 11.8%). The long term growth rate used was 2.26% (2018 2.26%).
Australian Domestic
The recoverable amount has been determined based on a value in use calculation using cash flow projections based on f inancial
forecasts approved by senior management covering a four year period. The pre-tax discount rate applied to cash flow projections
is 11.8% (2018 11.8%). The long term growth rate used was 2.61% (2018 2.61%).
Australian Air & Ocean
The recoverable amount has been determined based on a value in use calculation using cash flow projections based on f inancial
forecasts approved by senior management covering a four year period. The pre-tax discount rate applied to cash flow projections
is 11.8% (2018 11.8%). The long term growth rate used was 2.61% (2018 2.61%).
Americas
The recoverable amount has been determined based on a value in use calculation using cash flow projections based on f inancial
forecasts approved by senior management covering a four year period. The pre-tax discount rate applied to cash flow projections
is 10.6% (2018 10.6%). The long term growth rate used was 2.06% (2018 2.06%).
Asia
The recoverable amount has been determined based on a value in use calculation using cash flow projections based on f inancial
forecasts approved by senior management covering a four year period. The pre-tax discount rate applied to cash flow projections
is 13.2% (2018 13.2%). The long term growth rate used was 3.30% (2018 3.30%).
Europe
The recoverable amount has been determined based on a value in use calculation using cash flow projections based on f inancial
forecasts approved by senior management covering a four year period. The pre-tax discount rate applied to cash flow projections
is 12.5% (2018 12.5%). The long term growth rate used was 1.73% (2018 1.73%).
(ii) Carrying amount of goodwill and brand names allocated to each group of cash generating units
2019
$000
2018
$000
New Zealand Domestic 12,215 12,215
New Zealand Air & Ocean 8,549 8,549
Australian Domestic 5,307 5,386
Australian Air & Ocean 16,158 16,427
Americas 67,714 63,874
Asia 10,092 10,092
Europe 92,294 99,239
212,329 215,782
(iii) Key assumptions used in value in use calculations for cash generating units (CGU's)
The calculation of value in use for all CGU's is most sensitive to the following assumptions; EBITDA, discount rates and growth
rates used.
EBITDA is based on the average achieved in the last twelve months allowing for expected eff iciency, sales and utilisation gains
Discount rates reflect management's estimate of the time value of money and the risks specif ic to each unit.
For the purposes of impairment testing a terminal growth rate has been used for all segments based on the long-term industry
and country averages.
100
15 NON-CURRENT ASSETS – INTANGIBLE ASSETS AND GOODWILL (CONTINUED)
(iv) Sensitivity to changes in assumptions
With regard to the assessment of the value in use for all CGU's, management believes that no reasonably possible change in any
of the above key assumptions would cause the carrying values of the units to materially exceed its recoverable amount.
Whilst in previous years management has assessed reasonably possible changes in EBITDA that could give rise to an
impairment of European goodwill, with the improvement in operating performance of the European business in the current
year, management believes a reasonably possible change that would cause an impairment no longer exists.
16 EMPLOYEE ENTITLEMENTS
(i) Wages, Salaries, Annual Leave and Sick Leave
Liabilities for wages and salaries, including non-monetary benef its, annual leave and accumulating sick leave expected to be
settled within 12 months of the reporting date are recognised in respect of employees' services up to the reporting date. They
are measured at the amounts expected to be paid when the liabilities are settled. Liabilities for non-accumulating sick leave are
recognised when the leave is taken and are measured at the rates paid or payable.
(ii) Long Service Leave
The liability for long service leave is recognised and measured as the present value of expected future payments to be made
in respect of services provided by employees up to the reporting date using the projected unit credit method. Consideration
is given to expected future wage and salary levels, experience of employee departures, and periods of service. Expected future
payments are discounted using market yields at the reporting date on national government bonds with terms to maturity and
currencies that match, as closely as possible, the estimated future cash outflows.
2019
$000
2018
$000
CURRENT
Long Service Leave 9,030 7,868
Annual Leave 27,310 25,106
Bonus Accrual 26,492 20,399
62,832 53,373
NON-CURRENT
Long Service Leave 797 1,098
Def ined Benef it Pension Scheme 403 310
Other 1,615 2,226
2,815 3,634
17 PROVISIONS
Provisions are recognised when the Group has a present obligation (legal or constructive) as a result of a past event, it is probable
that an outflow of resources embodying economic benef its will be required to settle the obligation and a reliable estimate can be
made of the amount of the obligation. When the the Group expects some or all of a provision to be reimbursed, for example under an
insurance contract, the reimbursement is recognised as a separate asset but only when the reimbursement is virtually certain. The
expense relating to any provision is presented in the income statement net of any reimbursement.
Provisions are measured at the present value of management’s best estimate of the expenditure required to settle the present
obligation at the balance sheet date. If the effect of the time value of money is material, provisions are discounted using a current
pre-tax rate that reflects the time value of money and the risks specif ic to the liability. The increase in the provision resulting f rom the
passage of time is recognised in f inance costs.
There were no signif icant provisions in the 2019 year (2018 nil).
101
18 TRADE CREDITORS AND ACCRUALS
Trade payables and other payables are carried at amortised cost. They represent liabilities for goods and services provided to the
Group prior to the end of the f inancial year that are unpaid and arise when the Group becomes obliged to make future payments in
respect of the purchase of these goods and services.
The amounts are unsecured and are usually paid within 30 days of recognition. Due to their short term nature they are not discounted.
2019
$000
2018
$000
CURRENT LIABILITIES
Trade Creditors & Accruals 314,925 298,916
19 INTEREST-BEARING LOANS AND BORROWINGS
All loans and borrowings are initially recognised at the fair value of the consideration received less directly attributable transaction
costs. After initial recognition, interest-bearing loans and borrowings are subsequently measured at amortised cost using the effective
interest method. Fees paid on the establishment of loan facilities that are yield related are included as part of the carrying amount
of the loans and borrowings. Borrowings are classif ied as current liabilities unless the Group has an unconditional right to defer
settlement of the liability for at least 12 months after the balance sheet date.
Borrowing Costs
Borrowing costs are recognised as an expense when incurred unless funding costs have been incurred which are directly attributable
to the acquisition, construction, or production of a qualifying asset in which case funding costs are included within the cost of the
asset. Capitalisation of borrowing costs cease when substantially all the activities necessary to prepare the qualifying asset for its
intended use or sale are complete. There were no borrowing costs capitalised in 2019 (2018 nil).
The Bank Term Loan falls due for repayment in the following periods:
2019
$000
2018
$000
Non-current 238,653 270,753
A long-term revolving facility of NZ$95,000,000 plus US$10,000,000 with the Westpac Banking Corporation (Westpac) was established
on 6 June 2014 expiring on 4 April 2022.
A long-term revolving facility of NZ$30,000,000 plus US$5,000,000 plus EU€35,000,000 with the Commonwealth Bank of Australia
(CBA) was established on 6 June 2014 expiring on 4 April 2020.
A long-term revolving facility of NZ$60,000,000 plus US$10,000,000 plus EU€30,000,000 with the Hongkong and Shanghai Banking
Corporation (HSBC) was established on 5 June 2014 expiring on 4 April 2022.
A long-term revolving facility of NZ$40,000,000 plus US$15,000,000 plus EU€10,000,000 with the MUFG Bank (MUFG) was established
on 5 June 2014 expiring on 4 April 2022.
A long-term revolving facility of EU€30,000,000 with ING Belgium NV/SA (ING) was established on 15 August 2017 expiring on
4 April 2022.
All facilities operate under a negative pledge and cross company guarantees.
The facilities allow the borrowing Group to offset deposits against borrowings when calculating indebtedness for covenant compliance.
These loan facilities are at a floating interest rate. Banking covenants remain unchanged. Debt approximates fair value due to floating
nature of current drawdowns.
Interest was payable during the year at the average rate of 2.08% per annum (2018 1.96%).
102
20 LEASES
The determination of whether an arrangement is or contains a lease is based on the substance of the arrangement and requires an
assessment of whether the fulf ilment of the arrangement is dependent on the use of a specif ic asset or assets and the arrangement
conveys a right to use the asset.
Group as a Lessee
Finance leases, which transfer to the Group substantially all the risks and benef its incidental to ownership of the leased item, are
capitalised at the inception of the lease at the fair value of the leased asset or, if lower, at the present value of the minimum lease
payments. Lease payments are apportioned between the f inance charges and reduction of the lease liability so as to achieve a
constant rate of interest on the remaining balance of the liability. Finance charges are recognised as an expense in prof it or loss.
Capitalised leased assets are depreciated over the shorter of the estimated useful life of the asset and the lease term if there is no
reasonable certainty that the Group will obtain ownership by the end of the lease term.
Operating lease payments are recognised as an expense in the income statement on a straight-line basis over the lease term. Operating
lease incentives are recognised as a liability when received and subsequently reduced by allocating lease payments between rental
expense and reduction of the liability.
At balance date the Group had the following lease commitments:
2019
$000
2018
$000
FINANCE LEASE LIABILITIES
Payable:
– Not Later than One Year 2,432 2,267
– Later than One Year but not Later than Two Years 2,443 1,627
– Later than Two Years but not Later than Five Years 2,363 2,954
– After Five Years 97 88
Minimum Lease Payments 7,335 6,936
Less Future Finance Charges (331) (352)
7,004 6,584
CLASSIFIED IN THE STATEMENT OF FINANCIAL POSITION AS:
Current 2,246 2,077
Non-current 4,758 4,507
7,004 6,584
OPERATING LEASE COMMITMENTS (NON-CANCELLABLE)
– Not Later than One Year 105,233 83,842
– Later than One Year but not Later than Two Years 94,656 71,847
– Later than Two Years but not Later than Five Years 157,388 109,412
– After Five Years 293,664 192,273
650,941 457,374
The operating lease commitment disclosures above relating to 2019 have increased since 2018 partly as a result of a more
comprehensive analysis relating to options to extend property leases beyond the initial lease term.
103
21 CONTRIBUTED EQUITY
Ordinary shares are classif ied as equity. Incremental costs directly attributable to the issue of new shares or options are shown in
equity as a deduction, net of tax, f rom the proceeds.
2019
$000
2018
$000
Authorised, Issued and Fully Paid Up Capital
100,698,548 ordinary shares (2018 100,698,548) 85,821 85,821
Ordinary shares do not have a par value.
All ordinary shares have equal voting rights and share equally in dividends and any surplus on winding up to the extent that they are
paid up.
Movements in Ordinary Shares on Issue
2019
Shares
2018
Shares
2019
$000
2018
$000
Opening Balance 100,698,548 100,698,548 85,821 85,821
Employee Share Based Payments Scheme(i) - - - -
Exercise of Partly Paid Share Scheme(ii) - - - -
CLOSING BALANCE 100,698,548 100,698,548 85,821 85,821
(i) and (ii) Refer note 25.
At 31 March 2019 there were no partly paid shares outstanding (2018 nil).
Capital Management
When managing capital, the Board of Directors' (the "Board") objective is to ensure the entity continues as a going concern as well as
to maintain optimal returns to shareholders and benef its for other stakeholders. The Board also aims to maintain a capital structure
that ensures the lowest cost of capital available to the entity. The capital structure of the Group consists of Shareholders' Equity and
debt.
The Board is periodically reviewing and adjusting the capital structure to take advantage of favourable costs of capital. As the market
is constantly changing, the Board may change the amount of dividends to be paid to shareholders, return capital to shareholders,
issue new shares or sell assets to reduce debt.
The Board has no current plans to issue further shares on the market.
The Board monitors capital through the Group gearing ratio (net debt / net debt and equity).
2019
$000
2018
$000
Total Borrowings 245,661 277,373
Less Cash and Cash Equivalents (115,184) (80,521)
Net Debt130,477 196,852
Total Equity838,315 709,558
NET DEBT AND EQUITY968,792 906,410
Gearing Ratio13.5%21.7%
104
22 RECONCILIATION OF CASH FLOWS WITH REPORTED NET SURPLUS
2019
$000
2018
$000
Net Surplus After Taxation 137,624 107,678
Non-cash Items:
Depreciation and Amortisation 53,107 47,788
(Increase) / Decrease in Deferred Tax Asset 2,648 274
Increase / (Decrease) in Deferred Tax Liability (2,053) (1,583)
191,326 154,157
Add / (Less) Movements in Other Working Capital
Items, Net of Effect of Acquisitions:
(Increase) / Decrease in Accounts Receivable (27,640) (46,849)
(Increase) / Decrease in Other Receivables 5,501 (13,005)
Increase / (Decrease) in Accounts Payable 28,507 46,006
Increase / (Decrease) in Interest Payable (4) (462)
(Increase) / Decrease in Interest Receivable 8 4
Increase / (Decrease) in Taxation Payable 2,510 (326)
Increase / (Decrease) in Net GST (300) 27
Adjustment for Movement in Exchange Rate (2,257) 2,023
Less Items Classif ied as Investing Activity:
Net (Surplus) / Def icit on Sale of Fixed Assets (228) (1,339)
NET CASH INFLOW FROM OPERATING ACTIVITIES 197,423 140,236
23 RELATED PARTIES
In addition to transactions disclosed elsewhere (see note 24) in these f inancial statements, the Group transacted with the following
related parties during the period:
Name of Related PartyNature of RelationshipType of Transactions
2019
Value of
Transactions
$000
2018
Value of
Transactions
$000
C. Howard-SmithShareholder & Former DirectorLegal Fees 514 503
24 KEY MANAGEMENT PERSONNEL
2019
$000
2018
$000
COMPENSATION OF KEY MANAGEMENT PERSONNEL
Short-term Employee Benef its 9,142 8,874
Director Retirement Benef its 85 -
9,227 8,874
There were no partly paid shares held by key management personnel at balance date.
105
25 SHARE-BASED PAYMENT TRANSACTIONS
Recognised Share-based Payment Expenses
There were no share-based payment expenses during the year (2018 nil).
26 BUSINESS COMBINATIONS
The acquisition method of accounting is used to account for all business combinations regardless of whether equity instruments or
other assets are acquired. Cost is measured as the fair value of the assets given, shares issued or liabilities incurred or assumed at the
date of exchange. Where equity instruments are issued in a business combination, the fair value of the instruments is their published
market price as at the date of exchange unless, in rare circumstances, it can be demonstrated that the published price at the date of
exchange is an unreliable indicator of fair value and that other evidence and valuation methods provide a more reliable measure of fair
value. Transaction costs arising on the issue of equity instruments are recognised directly in equity.
Except for non-current assets or disposal groups classif ied as held for sale (which are measured at fair value less costs to sell), all
identif iable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their
fair values at the acquisition date, irrespective of the extent of any minority interest. The excess of the cost of the business combination
over the net fair value of the Group’s share of the identif iable net assets acquired is recognised as goodwill. If the cost of acquisition is
less than the Group’s share of the net fair value of the identif iable net assets of the subsidiary, the difference is recognised as a gain in
the income statement, but only after a reassessment of the identif ication and measurement of the net assets acquired.
Where settlement of any part of the consideration is deferred, the amounts payable in the future are discounted to their present
value as at the date of exchange. The discount rate used is the entity’s incremental borrowing rate, being the rate at which a similar
borrowing could be obtained f rom an independent f inancier under comparable terms and conditions.
There were no new material acquisitions during the f inancial year ended 31 March 2019 (2018 nil).
27 ABNORMAL ITEMS
Abnormal items are determined in accordance with the principles of consistency, relevance and clarity. Transactions considered for
classif ication as abnormal items include acquisition and disposal costs; impairment or reversal of impairment of assets; business
integration; and transactions or events outside of the Group’s ongoing operations that have a signif icant impact on reported prof it.
During the year the Group had $4,965,000 of abnormal expenses (2018 $7,224,000). The related after tax expense was $3,460,000 (2018
$5,048,000).
In the year the Group had no abnormal gains (2018 nil). The related after tax gain was nil (2018 $722,000).
These items comprised of:
20192018
Pre-Tax
$000
Tax
$000
After Tax
$000
Pre-Tax
$000
Tax
$000
After Tax
$000
Brand Name Impairment *** (3,912) 978 (2,934) (3,763) 941 (2,822)
Redundancies (1,053) 527 (526) (3,461) 1,235 (2,226)
Tax Rate Changes - - - - 722 722
(4,965) 1,505 (3,460) (7,224) 2,898 (4,326)
*** With the process of rebranding our European operations to Mainf reight underway it was decided to impair the purchased brand of Wim Bosman
by one third in the 2019 f inancial year (2018 one third). This impairment entry has no cash impact.
106
28 CAPITAL COMMITMENTS AND CONTINGENT LIABILITIES
The Group had the following capital commitments at 31 March 2019 totalling $123,263,925 (2018 $33,588,943).
- Mount Manganui Freight Facility39,034,391
- Whangarei Freight Facility Extension1,737,076
- New Zealand Equipment621,143
- Adelaide Land7,851,342
- Melbourne Dandenong Land29,822,538
- Melbourne Epping Land7,712,681
- Melbourne Epping Facility29,888,552
- Australian Equipment3,292,072
- Japan Rental Fitout103,906
- Europe Building Improvements970,038
- Europe Equipment2,230,186
There are additional bank performance guarantees and bonds totalling $17,720,000 (2018 $25,169,000) undertaken by the Group.
2019
$000
2018
$000
GUARANTEES COMPRISE:
Rental Guarantee 721 671
Custom Guarantees 11,485 12,592
12,206 13,263
PERFORMANCE BONDS COMPRISE:
NZX (New Zealand Stock Exchange) 75 75
European IATA Bond 259 627
European Banking Guarantees 993 8,624
European Other Guarantees 3,336 1,701
European Government Licensing Guarantees 851 879
5,514 11,906
The Group is party to sub-lease / tenancy agreements where third parties lease excess off ice / industrial space f rom the Group. In the
event of default by third parties the Group would be exposed to these liabilities.
As a result of the IRD's programme of routine and regular tax audits, the Group anticipates that IRD audits may occur in the future. The
Group is similarly subject to routine tax audits in certain overseas jurisdictions. The ultimate outcome of any future tax audits cannot
be determined with an acceptable degree of reliability at this time. Nevertheless, the Group believes that it is making adequate
provision for its taxation liabilities. However, there may be an impact to the Group if any revenue authority investigations result in an
adjustment that increases the Group's taxation liabilities.
The Group can also be subject to legal claims as a result of conducting business. The ultimate outcome of any future legal claims
cannot be determined with an acceptable degree of reliability at this time. Nevertheless, the Group believes that it is making adequate
provision for its legal liabilities. However there may be an impact to the Group if any legal cases result in an adjustment that increases
the Group's legal liabilities.
29 SUBSEQUENT EVENTS
A dividend of 34.0 cents per share was declared on 27 May 2019 totalling $34,237,506. Payment date is to be 19 July 2019.
107
Chartered Accountants
Independent Auditor’s Report to the Shareholders of Mainfreight Limited
Report on the Audit of the Financial Statements
Opinion
We have audited the f inancial statements of Mainf reight Limited (“the company”) and its subsidiaries (together “the group”) on
pages 77 to 106, which comprise the consolidated balance sheet of the group as at 31 March 2019, and the consolidated income
statement, consolidated statement of comprehensive income, consolidated statement of changes in equity and the consolidated
cash flow statement for the year then ended of the group, and the notes to the consolidated f inancial statements including a
summary of signif icant accounting policies.
In our opinion, the consolidated f inancial statements on pages 77 to 106 present fairly, in all material respects, the consolidated
f inancial position of the group as at 31 March 2019 and its consolidated f inancial performance and cash flows for the year then ended
in accordance with New Zealand equivalents to International Financial Reporting Standards and International Financial Reporting
Standards.
This report is made solely to the company's shareholders, as a body. Our audit has been undertaken so that we might state to the
company's shareholders those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest
extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's
shareholders as a body, for our audit work, for this report, or for the opinions we have formed.
Basis for Opinion
We conducted our audit in accordance with International Standards on Auditing (New Zealand). Our responsibilities under those
standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report.
We are independent of the group in accordance with Professional and Ethical Standard 1 (revised) Code of Ethics for Assurance
Practitioners issued by the New Zealand Auditing and Assurance Standards Board, and we have fulf illed our other ethical
responsibilities in accordance with these requirements.
We believe that the audit evidence we have obtained is suff icient and appropriate to provide a basis for our opinion.
Ernst & Young has provided taxation compliance and advice to the group. We have no other relationship with, or interest in, the
group. Partners and employees of our f irm may deal with the group on normal terms within the ordinary course of trading activities
of the business of the group.
Key Audit Matters
Key audit matters are those matters that, in our professional judgment, were of most signif icance in our audit of the consolidated
f inancial statements of the current year. These matters were addressed in the context of our audit of the consolidated f inancial
statements as a whole, and in forming our opinion thereon, but we do not provide a separate opinion on these matters. For each
matter below, our description of how our audit addressed the matter is provided in that context.
We have fulf illed the responsibilities described in the Auditor’s responsibilities for the audit of the f inancial statements section of the
audit report, including in relation to these matters. Accordingly, our audit included the performance of procedures designed to
respond to our assessment of the risks of material misstatement of the f inancial statements. The results of our audit procedures,
including the procedures performed to address the matters below, provide the basis for our audit opinion on the accompanying
consolidated f inancial statements.
A member firm of Ernst & Young Global Limited
108
Chartered Accountants
1. Scoping of the audit
Why significantHow our audit addressed the key audit matter
Mainf reight is a global business with approximately 75% of
the group’s revenue being generated in countries other than
New Zealand.
A signif icant area of focus when conducting the audit was
assessing that suff icient audit evidence was obtained in
differing geographic locations and businesses to enable us to
reach our opinion on the consolidated f inancial statements
as a whole. This was both with respect to the determination
and allocation of materiality as well as the determination of
the nature and extent of procedures to be performed in each
location.
As group auditor, EY New Zealand assigned a scope to each
component team, in all signif icant locations. Consideration was
given to the nature, size and risks associated with each of the
Group’s signif icant businesses. As a result of this assessment
each business was allocated a scope and materiality reflecting
the business prof ile.
The Group audit team communicated to the other audit teams
about the signif icant risk areas to be considered and the
information to be reported back to the Group audit team. The
component team then determined the extent and nature of
audit procedures to be performed with input f rom the Group
audit team, including the audit to be performed in accordance
with International Standard’s on Auditing (ISA). A number of
remaining businesses were subjected to analytical procedures
by the Group audit team.
All component teams were required to provide written
conf irmation to the Group audit team explaining the work
performed, the results of that work as well as key documents
supporting any signif icant f indings or observations.
Members of the Group audit team visited businesses and audit
teams in all signif icant non New Zealand locations (Australia, USA,
Europe and Asia). During these visits, the work performed by
each team was assessed, and meetings held with management
where the key judgements were discussed, as were the f indings
relevant to the Group audit.
We reported to the Audit Committee;
i) The results of audit procedures and testing performed by
both the Group and component teams; and
ii) Any misstatements identif ied that warrant reporting based
on quantitative or qualitative grounds.
A member firm of Ernst & Young Global Limited
109
2. Impairment testing of goodwill allocated to the European business
Why significantHow our audit addressed the key audit matter
As at 31 March 2019, goodwill of $88.5 million related to
the group’s European business. As required by NZ IAS 36
Impairment of Assets (NZ IAS 36) the group performed an
annual impairment test on the goodwill relating to Mainf reight
Europe.
A value in use model was used for this assessment which
requires the use of assumptions in estimating and discounting
future cash flows.
As disclosed in Note 15, whilst the group’s assessment indicates
that the carrying value of goodwill related to the European
business does not exceed its recoverable amount, there are
possible changes in key assumptions that could result in an
impairment.
In obtaining suff icient audit evidence:
• We involved our New Zealand valuation specialists to assess
whether the methodology applied in the value in use model
for the European business met the requirements of NZ IAS 36.
• The assessment included involvement of our valuation
specialists in Europe who are familiar with business valuation
factors used in that market, to assess the appropriateness of
discount rates.
• We assessed the appropriateness of the cash flow forecasts
taking into account historical cash flows, our knowledge of the
business and relevant external information.
• We performed sensitivity analysis around key drivers of the
impairment model, including the sensitivity of the results to
changes in future projected cash flows.
• We assessed whether the assumptions which have the most
signif icant effect on the determination of the recoverable
amount of goodwill have been appropriately disclosed in the
consolidated f inancial statements.
3. Revenue recognition of International Freight
Why significantHow our audit addressed the key audit matter
As disclosed in Note 5, the Group recognised revenue totalling
$2,954 million for the period.
The group adopted NZ IFRS 15 Revenue f rom Contracts with
Customers (“NZ IFRS 15”), f rom 1 April 2018. Under NZ IFRS 15 an
entity must recognise revenue with respect to the performance
obligations it has identif ied within its contracts with customers.
Mainf reight has determined it meets performance obligations
in its customer contracts over time in respect of f reight
revenues. There is judgement involved in assessing the stage of
completion and therefore the amount of revenue recognised.
This is specif ically relevant to the international f reight
forwarding businesses for which delivery times are longer
than for domestic businesses and the transactions within are
therefore more likely to span year end.
Revenue recognition f rom international f reight forwarding is a
key audit matter as, collectively, material revenue transactions
can occur close to year end and there is a risk that revenue is
recognised in the incorrect period.
In obtaining suff icient audit evidence:
• We evaluated the group policies and practices regarding the
timing and nature of services provided.
• We tested recognition of a sample of revenue transactions
recorded at year end in accordance with NZ IFRS 15 to
assess whether they were recorded in the correct period.
This included considering shipping documentation or other
documentation indicating the timing of shipment.
• At certain locations we completed analytical procedures
considering patterns of reported revenues and margins
before and after year end.
• We analysed credit notes issued after year end to assess
whether these could signif icantly impact revenue recognised
within the 2019 f inancial year.
• We also considered the adequacy of the disclosures in the
consolidated f inancial statements.
Chartered Accountants
A member firm of Ernst & Young Global Limited
110
Information Other than the Financial Statements and Auditor’s Report
The directors of the company are responsible for the Annual Report, which includes information other than the consolidated
f inancial statements and auditor’s report.
Our opinion on the consolidated f inancial statements does not cover the other information and we do not express any form of
assurance conclusion thereon.
In connection with our audit of the consolidated f inancial statements, our responsibility is to read the other information and, in doing
so, consider whether the other information is materially inconsistent with the consolidated f inancial statements or our knowledge
obtained during the audit, or otherwise appears to be materially misstated.
If, based upon the work we have performed, we conclude that there is a material misstatement of this other information, we are
required to report that fact. We have nothing to report in this regard.
Directors’ Responsibilities for the Financial Statements
The directors are responsible, on behalf of the entity, for the preparation and fair presentation of the consolidated f inancial statements
in accordance with New Zealand equivalents to International Financial Reporting Standards and International Financial Reporting
Standards, and for such internal control as the directors determine is necessary to enable the preparation of f inancial statements that
are f ree f rom material misstatement, whether due to f raud or error.
In preparing the consolidated f inancial statements, the directors are responsible for assessing on behalf of the entity the group’s
ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis
of accounting unless the directors either intend to liquidate the group or cease operations, or have no realistic alternative but to do
so.
Auditor’s Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the consolidated f inancial statements as a whole are f ree f rom
material misstatement, whether due to f raud or error, and to issue an auditor’s report that includes our opinion. Reasonable
assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with International Standards on
Auditing (New Zealand) will always detect a material misstatement when it exists. Misstatements can arise f rom f raud or error and
are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions
of users taken on the basis of these consolidated f inancial statements.
A further description of the auditor’s responsibilities for the audit of the f inancial statements is located at External Reporting Board’s
website https://xrb.govt.nz/Site/Auditing_Assurance_Standards/Current_Standards/Page1.aspx. This description forms part of our
auditor’s report.
The engagement partner on the audit resulting in this independent auditor’s report is Lloyd Bunyan.
Chartered Accountants
Auckland
26 June 2019
Chartered Accountants
A member firm of Ernst & Young Global Limited
111
Statutory Information
DIRECTORS
The following people held off ice or ceased to hold off ice as Director during the year and received the following remuneration including
benef its during the year:
Name
Remuneration
2019
Remuneration
2018
Current Director or Date
Appointed or Resigned
Bruce Plested1 - - Current
Don Braid2 $2,761,095$2,636,867Current
Simon Cotter$113,000$113,000Current
Carl Howard-Smith3 $113,000$113,000Retired 26 July 2018
Bryan Mogridge$113,000$113,000Current
Kate Parsons$113,000$113,000Current
Richard Prebble$113,000$113,000Current
Sue Tindal$113,000$113,000Current
1. Elected not to receive director fees in 2018 and 2019 years.
2. The remuneration comprised:
20192018
Base Salary2,100,000 2,000,000
Discretionary Performance Bonus ***583,095 558,867
Vehicle and Other Non-cash78,000 78,000
$2,761,095$2,636,867
***The discretionary performance bonus relates to the previous f inancial year based on that year's revenue and prof it growth as well as other quality
KPI's. A maximum of 33.3% of base salary is payable. There were no share based payments.
3. Includes $85,000 retiring benef it. Excludes legal fees (refer to note 23 to the Financial Statements).
EMPLOYEES’ REMUNERATION
The Mainf reight Group paid remuneration including benef its during the year in excess of $100,000 in the following bands (excluding
directors):
Remuneration
New Zealand
Based
Number of
Employees
Overseas
Based
Number of
Employees
$100,000 - $110,00026 157
$110,000 - $120,00035 119
$120,000 - $130,00029 89
$130,000 - $140,00013 57
$140,000 - $150,00011 59
$150,000 - $160,0009 27
$160,000 - $170,0006 23
$170,000 - $180,0009 23
$180,000 - $190,0006 16
$190,000 - $200,0005 15
$200,000 - $210,0005 13
$210,000 - $220,0001 12
$220,000 - $230,0003 10
$230,000 - $240,0001 7
$240,000 - $250,0002 10
$250,000 - $260,0005
$260,000 - $270,0002 5
$270,000 - $280,0002 3
$280,000 - $290,0005
$290,000 - $300,0002 1
$300,000 - $310,0001
$310,000 - $320,0003
$320,000 - $330,0002
$330,000 - $340,0003
$340,000 - $350,0002 2
Remuneration
New Zealand
Based
Number of
Employees
Overseas
Based
Number of
Employees
$350,000 - $360,0001
$360,000 - $370,0001
$370,000 - $380,0002 3
$380,000 - $390,0002
$390,000 - $400,0001
$400,000 - $410,0002
$410,000 - $420,0001
$420,000 - $430,0003
$430,000 - $440,0001
$440,000 - $450,0001
$450,000 - $460,0003
$460,000 - $470,0001
$520,000 - $530,0001
$550,000 - $560,0002
$570,000 - $580,0001
$580,000 - $590,0002
$640,000 - $650,0001 2
$650,000 - $660,0001
$670,000 - $680,0001
$840,000 - $850,0001
$940,000 - $950,0001
TOTAL NUMBER OF EMPLOYEES178 693
LAST YEAR COMPARISONS169 639
Overseas based remuneration is converted to New Zealand dollars.
112
DONATIONS AND AUDITORS’ FEES
Donations and auditors’ fees are set out in note 6 of the Financial Statements.
DIRECTORS’ SHAREHOLDINGS AT BALANCE DATE
20192018
BG Plested
- shares held with benef icial interest 16,033,062 16,020,562
- held by associated persons 1,313,410 1,303,650
DR Braid
- shares held with benef icial interest 2,842,890 2,807,890
- held by associated persons 49,997 49,253
SR Cotter
- shares held with benef icial interest 75,000 75,000
- held by associated persons 7,570 7,570
CG Howard-Smith (retired as director 26 July 2018)
- held as trustee of staff share purchase scheme - 7,850
- shares held with benef icial interest - 100,000
BW Mogridge
- shares held with benef icial interest 200,000 200,000
CL Parsons
- shares held with benef icial interest 713 -
RW Prebble
- shares held with benef icial interest 88,274 88,274
SM Tindal
- shares held with benef icial interest - -
TOTAL DIRECTORS 20,610,916 20,660,049
Directors' shareholdings at balance date were 20.47% of total shares issued.
SUBSTANTIAL PRODUCT HOLDERS
The following information is given pursuant to Section 293 of the Financial Markets Conduct Act 2013.
The following are recorded by the Company as at 31 March 2019 as Substantial Product Holders in the Company, and have declared
the following relevant interest in quoted f inancial products under the Financial Markets Product Act 2013:
B Plested, C Howard-Smith & D Braid as trustees of Rorohara No.2 Trust 16,217,562
Harbour Asset Management Limited 5,056,395
The total number of quoted f inancial products issued by the Company as at 31 March 2019 was 100,698,548.
113
LARGEST PRODUCT HOLDERS AS AT 2 MAY 2019
Total Number
Held%
B Plested, C Howard-Smith & D Braid as trustees of Rorohara No.2 Trust16,017,766 15.91%
Citibank Nominees (New Zealand) Ltd5,969,427 5.93%
TEA Custodians Ltd5,523,841 5.49%
HSBC Nominees (New Zealand) Ltd - NZCSD4,920,496 4.89%
HSBC Nominees (New Zealand) Ltd A/c State Street3,790,332 3.76%
Custodial Services Ltd A/c 33,454,286 3.43%
JP Morgan Chase Bank3,378,477 3.36%
Australian Foundation Investment Company Ltd2,990,000 2.97%
FNZ Custodians Ltd2,918,274 2.90%
DR & MD Braid2,842,890 2.82%
Accident Compensation Corporation2,569,209 2.55%
Forsyth Barr Custodians Ltd2,391,659 2.38%
JB Were (NZ) Nominees Ltd2,348,344 2.33%
Custodial Services Ltd A/c 42,050,081 2.04%
National Nominees NZ Ltd1,969,476 1.96%
BNP Paribas Nominees (NZ) Ltd - COGN 401,800,814 1.79%
BNP Paribas Nominees (NZ) Ltd1,564,445 1.55%
ANZ Wholesale Australasian Share Fund1,251,037 1.24%
HSBC Nominees A/C NZ Superannuation Fund Nominees Ltd - NZCSD1,189,041 1.18%
Custodial Services Ltd A/c 21,164,379 1.16%
SPREAD OF PRODUCT HOLDERS AS AT 2 MAY 2019
Size of Shareholding
Number
of Holders%
Total Number
Held%
1 - 999 3,872 48.93% 1,600,820 1.59%
1,000 - 4,999 3,194 40.36% 6,449,601 6.40%
5,000 - 9,999 459 5.80% 2,964,805 2.94%
10,000 - 49,999 294 3.72% 5,130,520 5.09%
50,000 - 99,999 34 0.42% 2,282,139 2.27%
100,000 - 999,999 40 0.51% 12,166,389 12.07%
1,000,000 - PLUS 20 0.25% 70,104,274 69.62%
TOTAL 7,913 100.00% 100,698,548 100.00%
114
Interests Register
THE FOLLOWING ENTRIES WERE MADE IN THE INTERESTS REGISTER DURING THE YEAR.
Name of Director or other
Person having InterestDetails of Interest
Date Interest
Disclosed
Bruce Plested
Transferred 7,500 shares off market to associated persons for no
consideration12 December 2018
Bruce PlestedSold 100,000 shares on market for $31.02 per share on 19 November 201820 November 2018
Don Braid
Purchased 35,000 shares off market for $30.93 per share f rom a Mainf reight
team member (off icer) on 19 November 201819 November 2018
Kate ParsonsPurchased 713 shares on market for $27.68 per share on 29 June 20184 July 2018
Bruce Plested
Purchased 120,000 shares off market for $27.84 per share f rom a Mainf reight
team member (off icer) on 27 June 20184 July 2018
115
Five Year Review
THE TABLE BELOW PROVIDES A SUMMARY OF KEY PERFORMANCE AND FINANCIAL STATISTICS.
Notes
2019
$000
2018
$000
2017
$000
2016
$000
2015
$000
Net Sales 2,953,414 2,616,189 2,333,088 2,284,226 2,053,716
EBITDA1 257,049 215,114 197,542 174,847 162,195
EBITA2 203,942 167,326 154,050 135,527 128,033
Abnormal Items After Taxation3 3,460 4,326 1,641 572 1,075
Net Interest Cost 6,868 7,056 7,225 8,372 6,638
NET PROFIT BEFORE ABNORMAL
ITEMS FOR THE YEAR 141,084 112,004 103,164 88,176 83,480
Net Prof it After Abnormal Items for the Year
(NPAT)4 137,624 107,678 101,523 87,604 82,405
PRO-FORMA CASH FLOW5 194,191 159,792 146,711 127,852 117,998
Net Tangible Assets6 619,405 484,612 423,521 348,217 293,062
Net Debt7 130,477 196,852 212,938 265,205 244,657
Total Assets 1,502,889 1,376,703 1,284,765 1,278,577 1,124,455
Total Liabilities 664,574 667,145 639,163 697,504 615,837
EBIT Margin (Before Abnormals) (%)6.96.46.65.96.2
Equity Ratio (%)841.235.233.027.226.1
Assets to Liabilities Ratio (%)226.6206.4201.0183.3182.6
Return on NTA (%)922.222.224.025.228.1
Net Interest Cover (x)1029.6923.7121.3216.1919.29
Dividends covered by Net Prof it after
abnormals (x)2.532.382.462.382.43
Dividends covered by Net Prof it before
abnormals (x)2.592.472.502.392.47
Earnings Per Share (cps)11136.67106.93101.1087.9882.87
ADJUSTED EARNINGS PER SHARE (CPS)
11, 12
140.11111.23102.7488.5583.95
Pro-forma Cash Flow Per Share (cps)11192.84158.68146.10128.40118.67
NTA Per Share (cps)11615.11481.25421.76349.71294.72
Notes:
1. EBITDA is def ined as earnings before net interest expense, tax, depreciation, amortisation, abnormal Items, royalties, share based
payment expense, minority interests and associates.
2. EBITA is def ined as earnings before net interest expense, tax, abnormal Items, royalties, share based payment expense,
minority interests and associates.
3. Abnormal items for the years ended 31 March 2019 and 31 March 2018: please refer note 27.
4. Net Prof it (NPAT) is net prof it after tax, abnormal Items and minorities but before dividends.
5. Pro-forma Cash Flow is def ined as NPAT before amortisation of goodwill, depreciation, minorities and associates excluding
share based payments and abnormal Items after tax.
6. Net Tangible Assets includes Software and Deferred Tax Assets and Liabilities.
7. Net Debt is long-term plus short-term debt less cash balances.
8. Equity Ratio is Net Tangible Assets as a percentage of Total Assets.
9. Return on NTA is NPAT as a percentage of Net Tangible Assets.
10. Net Interest Cover is Prof it before abnormal Items, interest and tax divided by net interest cost.
11. Per Share calculations are based on the average issued capital in each year - 100,698,548 shares in 2019.
12. Adjusted Earnings per Share f igures are based on Net Prof it with tax affected abnormal Items added back.
116
Air & Ocean
Distinguishes Mainfreight’s traditional international freight from that moved by land across
borders in Europe and the Americas
B2B
Business-to-business transactions
B2C
Business-to-consumer transactions
C&F
Cost and Freight; a term utilised by importers and exporters determining the buying and
selling criteria (also known as CFR, CNF)
EBITDA
Earnings before net interest expense, tax, depreciation, amortisation, abnormal items,
royalties, share based payment expense, minority interest and associates
FCL
Full Container Load
FEU
Forty Foot Equivalent Unit (Container)
FMCG
Fast Moving Consumer Goods; everyday products that sell quickly
FOB
Free On Board; a term utilised by importers and exporters determining the buying and
selling criteria
FTL
Full Truck Load
Gearing Ratio
Net debt to net debt and equity
IATA
International Air Transport Association
Inter city
The freight transport between cities
Intra city/Metro
The freight transport within a city known as metropolitan cartage or “metro”
IRA
Inventory Record Accuracy; Mainfreight’s level of IRA measures location count, inventory
condition, systems alignment to inventory count, product integrity, total inventory count
LCL
Less than Container Load
Linehaul
The method and mode used to transport goods between cities and countries
LT L
Less than Truck Load
NPAT
Net Profit After Tax, abnormal items and minorities, but before dividends
NVOCC
Non Vessel Operating Common Carrier
NZX
NZX Limited (Mainfreight is listed on the NZX Main Board)
Retail Freight
The industry segment that Mainfreight operates in
Supply Chain
Logistics
The physical movement and management of supplies and finished product from source to
end user
TEU
Twenty Foot Equivalent Unit (sea freight container)
Wharf Cartage
The transport of full containers on and off the wharf
Wholesale
SEA Freight
The industry segment that CaroTrans operates in supplying services to other freight
forwarders
GLOSSARY of Terms
Directory
117
Board of Directors
Bruce Plested, Chairman
Don Braid, Group Managing Director
The Hon. Richard Prebble, BA, LLB (Hons),
CBE
Bryan Mogridge, BSc, ONZM, FNZID
Simon Cotter, BCom, MAppFin, F Fin
Kate Parsons, BCom, CA
Sue Tindal, FCPA (Aust)
Registered &
Administration Off ice
Mainfreight New Zealand
2 Railway Lane*, Otahuhu
Auckland 1062
PO Box 14038, Panmure
Auckland 1741
Tel +64 9 259 5500
www.mainf reight.com
* “Mainf reight Lane”
if the Council were kind enough
Overseas Off ices
Mainfreight Australia
107 Gateway Boulevard
Epping, Victoria 3076
Australia
Tel +61 3 9267 7300
Mainfreight Americas
1400 Glenn Curtiss Street
Carson, CA 90746
United States of America
Tel +1 310 900 1974
Mainfreight Asia
Units 7-10, 8/F, Tower 1, Millennium City 1
No 388 Kwun Tong Road
Kwun Tong, Kowloon
Hong Kong
Tel +852 3468 5930
Mainfreight Europe
Industriestraat 10/12
‘s-Heerenberg, NL- 7040 Amsterdam
Netherlands
Tel +31 314 678 403
Auditors
EY
EY Building
2 Takutai Square, Britomart
PO Box 2146
Auckland 1140
Lawyers
Howard-Smith & Co
Level 7, 36 Kitchener Street
PO Box 7066
Auckland 1141
Bell Gully
Barristers & Solicitors
Vero Centre
48 Shortland Street
PO Box 4199
Auckland 1140
Bankers
Westpac Banking Corporation
16 Takutai Square
Britomart
PO Box 934
Auckland 1140
Commonwealth Bank
ASB North Wharf, 12 Jellicoe Street
PO Box 35
Auckland 1140
HSBC Bank
One Queen Street
PO Box 5947
Auckland 1141
Bank of Tokyo-Mitsubishi UFJ
Lv 22, 151 Queen Street
PO Box 105160
Auckland 1143
ING Belgium
Avenue Marnix 24
B-1000 Brussels
Belgium
Investment Advisors
Grant Samuel and Associates Ltd
Vero Centre
48 Shortland Street
PO Box 4306
Auckland 1140
Share Registrar
Computershare Investor Services Limited
Private Bag 92119
Auckland 1142
Level 2, 159 Hurstmere Road
Takapuna, Auckland 0622
New Zealand
Managing your
Shareholding Online:
To change your address, update your
payment instructions, elect communication
preferences, and to view your investment
portfolio including transactions, please visit:
www.investorcentre.com/nz and log in.
You will need your CSN or Holder Number
and FIN to initially register on Investor
Centre, or your User ID and password if
previously registered.
General enquiries can be directed to;
>enquiry@computershare.co.nz
>Private Bag 92119, Auckland 1142
>Telephone +64 9 488 8777
>Facsimile +64 9 488 8787
Annual Report by
Ripe Creative
www.ripecreative.co.nz
Photography by
Alistair Guthrie, Snapper Limited
www.alistairguthrie.com
Additional Information
Please visit our website to learn more
about us, and for investor information:
www.mainf reight.com
For career opportunities visit:
www.mainf reightcareers.com
Please visit our website if you wish to obtain
an electronic version of this annual report.
The Mainf reight annual report is printed on environmentally responsible papers, manufactured using Elemental Chlorine Free pulp f rom Well Managed
Forests. It is produced under the environmental management system ISO 14001, which aims to prevent pollution and achieve continual improvement.
Printed with vegetable based, mineral oil f ree inks.
Follow us here:
Facebook:
https://www.facebook.com/Mainf reight
Twitter:
https://twitter.com/Mainf reightLtd
Back cover:
GIOVANNY LOPEZ
– Los Angeles, USA
www.mainf reight.com
That’s it... see you next year!
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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