Targets and Achievements

2007

2008

2009

2010

2011

2012

2007

TARGET	STATUS
To have identified and completed successful acquisitions in Australia and the USA	Completed in the USA; however likely 2008 for Australia
To have a business in the United Kingdom contributing significantly to our international divisions	No longer an option and now a consideration for European expansion
To have six or more profitable operations in North East Asia	Likely 2008 and onward
To have Mainfreight International throughout the USA and generating more revenue than CaroTrans	The acquisition of Target Logistic Services (renamed Mainfreight from 1 July 2008) will provide revenues in excess of US$190 million per annum
To have developed a presence in South East Asia and India	Acquisitions continue to be reviewed
To be seen by the market as a significant New Zealand owned company earning substantial profits off shore for the benefit of New Zealand	In our considered opinion, we now contribute worthwhile profits to the New Zealand economy from our operations offshore

TARGET	STATUS
To have revenues exceeding $1 billion	On target for the 2009 financial year
To have our off shore interests generating more profit that our New Zealand businesses	Achieved 45% of net profit before abnormals from outside of New Zealand and likely to increase substantially
To be the dominant LCL logistics supply chain operator in Australasia	On target
To be achieving in excess of 7% return on revenue in our international divisions	On target with CaroTrans achieving 5.7% and Mainfreight Asia 15.9%. Currently averaging 4.8% across all international operations
To begin to have global significance in international logistics using our foundations in USA, Europe, China and Australasia	On target
To increase the regional networks of Mainfreight International in New Zealand and Australia	Mainfreight International New Zealand has opened branches in Hamilton and Dunedin. Mainfreight International Australia is yet to establish any additional branches

TARGET	STATUS
To be further established as a Global Supply Chain Logistics Operator	On target
To have international operations across Europe and the United States, China, India, South East Asia and South America	On target
To have established logistics operations in China and the USA with some involvement in domestic distribution	On target; Target Logistics Services (Mainfreight USA) provides domestic distribution and some logistics services within the USA. China opportunites continue to be reviewed.
To have our Australian domestic and warehousing operations earning similar profits to that of our New Zealand operations	Likely during 2012
To have our American interests earning more profit than our Australian and New Zealand International operations	Likely in 2012
To have all our international freight forwarding businesses operating on the same technology platform for uniformity in data entry and customer interface	Likely in 2010

TARGET	STATUS
To have doubled our revenue from our 2006 result	Likely in 2012 as organic growth and acquisition activity both contribute to growth
To be well established, with our own businesses, around the world in all countries of trading imprtance	On target
To increase airfreight revenue to match seafreight revenue	On target
To have CaroTrans established as a worldwide NVOCC operator	On target

TARGET	STATUS
To be significantly progressed in doubling our revenue from 2006	On target
To have more than 300 branch operations around the world	On target

TARGET
To have more than $2 billion of revenue from worldwide operations
To have more than 400 branch operations around the world
To have the Mainfreight brand recognised around the world

“Our expansion in other countries has lessened any impact that a fragile economy in New Zealand may have on business.”

“ Worrying is like a rocking horse, it gives you something to do but it doesn’t get you anywhere. ”