Some solid earnings growth for Freightways, despite pressure from high fuel prices. 

The transport and logistics company's first-quarter revenue for the 2027 financial year rose 17.6% to $408.3 million, with net profit up 12% to $26 million.  

E-commerce volumes jumped 24%, while retail volumes fell 1% and health volumes dropped 3%. 

CEO Mark Troughear told Mike Hosking it reflects signs of growth in New Zealand's economy, and for the first time, we seem to be ahead of Australia. 

He says Australia has performed and performed for a very long time, but they're starting to see a bit of pessimism over there and a bit less spending. 

Troughear says New Zealand's in a pretty good place as long as we can get through the fuel piece. 

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