Have you seen freight rates lately? Especially on Wiseway's beloved container imports from China?
They have fallen 90% China to Australia trade. So I am not sure how much more profit sacrifice they can take.
When rates fall like this it is due to over capacity. Or in other words less volume. This is a good result to bank, but they are going to need this on the run home to the EOFY.
Please also consider that Chinese New Year was late January, which effects companies like this for two months as Australia and China shut down.
Have you seen freight rates lately? Especially on Wiseway's...
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