One downer is that rail lines have been affected by flooding, although the ones LAU uses via its railable containers are currently all open.
The incredibly important Trans Australia Railway was closed thus far in 2H 22 for 24 days from flooding. This led to containers being transported from Port Augusta, South Australia to Kalgoorlie, Western Australia by truck, far more expensive and tedious than by rail. At other end the containers were transferred to/from Pacific National intermodal trains.
There have also been various closures of the NSW North Coast line that's the link between Sydney and Brisbane, especially north of Taree NSW (see above) and a much shorter closure of the main Sydney - Melbourne rail line due to a landslide near Picton NSW. At times Pacific National's Melbourne - Brisbane intermodals that typically have 80 wagons were unable to run.
That said, from what I can observe on various YouTube videos, LAU continues (as we'd hope) to rail a lot of containers on these routes. Consumer demand may decline once more interest rate rises kick in (CBA has already increased fixed mortgage rates) but at present, anecdotally, there's plenty of activity. While opposed by many who regard it as a Ponzi scheme, whichever government is elected Federally on 21 May 2022 will ramp up immigration, so that will see more mouths to feed.
WA has also been doing well with mining, even though the iron ore price is variable. This must be a profitable rail route for LAU's 'reefers' (refrigerated containers).
Like you, It'd be good to get to the bottom of why Lindsay Fresh has been incurring such losses. High air freight costs must only be part of the story. Few companies like explaining their misses.
'Mr Market' may well be worried about inflation and interest rates.
(20min delay)