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Mainfreight Annual Report 2022

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RECENT EVENTS ACROSS THE WORLD HAVE CREATED COMPLEXITY<br />

AND CHALLENGES; EVENTS WHICH HAVE HONED OUR CAPABILITIES<br />

AND FUELLED OUR AMBITION TO TAKE THIS BUSINESS FURTHER.<br />

THE OPPORTUNITY AHEAD CALLS FOR AUDACITY. WE’RE<br />

EXHILARATED BY THE CHALLENGE.<br />

OPPORTUNITY,<br />

AMBITION,<br />

ABILITY.<br />

WE HAVE ALL<br />

WE NEED TO<br />

GO FURTHER<br />

FURTHER GROWTH: Recognise new opportunities and seize growth from<br />

within current disruption. Continue cross-selling our network services to<br />

become our customers’ single, end-to-end supply chain partner.<br />

FURTHER EXPANSION: Back our future through targeted investment in<br />

facilities, teams and technologies. Continue to expand our network and<br />

capitalise on global demand for truly integrated supply chain services.<br />

FURTHER INTENSITY: Opportunity lies in every country we are in. Each<br />

new branch is instantly connected with over 300 others around the globe.<br />

We get closer to our customers, and they get closer to the world.<br />

MORE RESPONSIVE: Our local people make decisions close to our<br />

customers. Operating with agility, honesty and autonomy they deal with<br />

whatever’s in front of them and their customers, fast.<br />

A MORE DEEPLY-EMBEDDED CULTURE. Underlying all of this is our<br />

people. We draw on our Founder’s values to shape our attitudes, actions<br />

and the aspirations that drive our 100-year philosophy.<br />

MORE RESOLVE THAN EVER! The passion that built this business remains<br />

strong – driving us to seek and seize opportunity.


CONTENTS<br />

6<br />

PERFORMANCE<br />

Key Achievements <strong>2022</strong> 8 Chairman’s <strong>Report</strong> 12<br />

Group Managing<br />

Director’s <strong>Report</strong><br />

22 Five-Year Road Map 24<br />

10-Year Snapshot<br />

of Growth<br />

26<br />

OUR BUSINESS<br />

Our Global Network 28 Operating Statistics 30<br />

Capital Expenditure<br />

32<br />

PEOPLE AND<br />

COMMUNITIES<br />

Our People<br />

52<br />

Environment, Social<br />

and Governance<br />

56<br />

<strong>Mainfreight</strong> in<br />

the Community<br />

58<br />

GOVERNANCE<br />

AND LEADERSHIP<br />

Corporate Governance<br />

Statement<br />

62<br />

Global Leadership<br />

Team<br />

68<br />

Directors’ <strong>Report</strong><br />

70<br />

Our Board of Directors<br />

75<br />

FINANCIAL<br />

Income Statement<br />

and Statement of<br />

Comprehensive Income<br />

76 Balance Sheet 78<br />

Statement of<br />

Changes In Equity<br />

79<br />

Cash Flow<br />

Statement<br />

80<br />

Notes To Financial<br />

Statements<br />

106Auditor’s <strong>Report</strong><br />

109 Statutory<br />

Information 111 Interests Register Five Year Review<br />

112<br />

114 GRI Content Index 116 Glossary 117 Directory<br />

NOTICE OF MEETING Notice is given that the annual meeting of shareholders of <strong>Mainfreight</strong> will be held at<br />

4.00pm on Thursday, 28 July <strong>2022</strong> in the Level 4 Lounge, South Stand, Eden Park, Reimers Avenue, Kingsland,<br />

Auckland, New Zealand. Full details, including the Meeting Agenda, are contained in the separate Notice of<br />

Meeting and Explanatory Notes accompanying this report, and are also available on the Company’s website,<br />

www.mainfreight.com, or by scanning the QR code to the left.


6<br />

PERFORMANCE Key Achievements: <strong>2022</strong><br />

7<br />

FINANCIAL<br />

BUSINESS AND PEOPLE<br />

FINANCIAL SEGMENTS<br />

RETURNS AND RATIOS<br />

TOTAL REVENUE<br />

TEAM MEMBERS<br />

REVENUE BY DIVISION NZ$m<br />

TOTAL DIVIDEND<br />

$5.22b<br />

47.2%<br />

10,393<br />

1,153<br />

3000<br />

2500<br />

2000<br />

1500<br />

1000<br />

PAID AND PROPOSED<br />

142cps<br />

89.3%<br />

PROFIT BEFORE TAX [PBT]<br />

BRANCHES<br />

500<br />

0<br />

ADJUSTED EARNINGS PER SHARE<br />

Transport<br />

Warehousing<br />

Air & Ocean<br />

$489.4m<br />

86.5%<br />

305<br />

8<br />

<strong>2022</strong> 2021 <strong>2022</strong> 2021<br />

<strong>2022</strong><br />

PBT BY DIVISION NZ$m<br />

2021<br />

353cps<br />

88.9%<br />

NET PROFIT<br />

COUNTRIES<br />

300<br />

250<br />

AVERAGE ANNUAL RETURN<br />

ON INVESTMENT<br />

200<br />

LAST 10 YEARS<br />

$355.4m<br />

25<br />

150<br />

100<br />

29.0%<br />

88.9%<br />

1<br />

OUR BUSINESS IN RUSSIA<br />

CLOSED IN MARCH <strong>2022</strong>.<br />

50<br />

0<br />

Transport<br />

Warehousing<br />

Air & Ocean<br />

GEARING RATIO<br />

<strong>2022</strong> 2021 <strong>2022</strong> 2021<br />

<strong>2022</strong><br />

2021<br />

NET PROFIT<br />

NZ VS OFFSHORE<br />

TOP 500 CUSTOMERS<br />

USING MULTIPLE DIVISIONS*<br />

REVENUE BY REGION NZ$000<br />

0.1%<br />

OFFSHORE<br />

72.5%<br />

OFFSHORE<br />

62.9%<br />

<strong>2022</strong> 2021<br />

NZ 27.5% NZ 37.1%<br />

* TRANSPORT / WAREHOUSING / AIR & OCEAN<br />

40<br />

35<br />

30<br />

25<br />

20<br />

15<br />

10<br />

5<br />

0<br />

33%<br />

32%<br />

36%<br />

39%<br />

31%<br />

29%<br />

3 Divisions 2 Divisions 1 Division<br />

<strong>2022</strong> 2021 <strong>2022</strong> 2021 <strong>2022</strong> 2021<br />

EUROPE<br />

$947,141<br />

ASIA<br />

$331,480<br />

AMERICA<br />

$1,563,240<br />

AUSTRALIA<br />

$1,246,199<br />

NEW ZEALAND<br />

$1,130,199<br />

Quality,<br />

consistency<br />

and growth<br />

are the results<br />

of having good<br />

people.


8 9<br />

PERFORMANCE Chairman’s <strong>Report</strong><br />

We have a company-wide<br />

passion to achieve, and achieve<br />

and keep on achieving.<br />

BRUCE PLESTED, CHAIRMAN<br />

The writer is in day 5 with Covid-19 and the world begins<br />

its third year of coping with the virus. Some of the<br />

countries in which we work are in significant lockdown<br />

while others appear to be fully operational, with little<br />

regard for earlier precautions.<br />

Putin’s war against Ukraine is in our minds constantly,<br />

even in New Zealand and Australia – where we are far<br />

removed from any physical danger – but very aware of<br />

tragic consequences to the world if peace is not found.<br />

Your company has had another extraordinary<br />

(satisfactory) year, growing global sales by 47% to<br />

$5.22 billion, and profit before tax by 86% to $489 Million.<br />

From the onset of Covid our company globally was<br />

classified as an essential business and able to keep<br />

operating, while many manufacturers, retailers and<br />

restaurant/hospitality businesses were forced to close or<br />

limit their hours. We are a fortunate business compared<br />

to many.<br />

We are now in our 45th year of operation and every year<br />

we learn more because of adversity and natural disasters<br />

from computer hackers to ships becoming stuck in the<br />

Suez Canal, floods, fires, famine, volcanoes, road accidents<br />

– all with many operations working 24 hours a day, 7 days<br />

a week. We know that most of the freight we are moving<br />

is required on time and we have a company-wide passion<br />

to achieve, and achieve and keep on achieving. That is<br />

perhaps the most important way in which we retain our<br />

existing customers and grow our business.<br />

A KOROWAI IS WORN AS A MANTLE OF<br />

PRESTIGE AND HONOUR.<br />

The Korowai is symbolic of leadership,<br />

and includes the obligation to care for the<br />

people and the environment.<br />

On the recent occasion of your 80th<br />

Birthday, we were honoured to present you<br />

with this Korowai Huruhuru, as a gift that<br />

reflects your mana, and resonates closely<br />

with your values.<br />

For all of us at <strong>Mainfreight</strong>, this is an<br />

opportunity to acknowledge your vision,<br />

passion, and leadership which engendered<br />

<strong>Mainfreight</strong>, and which continue to sustain<br />

our culture and fuel our growth.<br />

He rangatira, he pononga,<br />

He pononga, he rangatira.<br />

A leader is both a chief and<br />

a servant of the people.


10 11<br />

PERFORMANCE Chairman’s <strong>Report</strong><br />

To assist our shareholders and financial<br />

analysts to further understand the<br />

<strong>Mainfreight</strong> group, these are the businesses<br />

which we operate within New Zealand, and in<br />

each region where we are located.<br />

Our drive to achieve is perhaps the<br />

most important way in which we retain<br />

our existing customers and grow our business.<br />

NEW ZEALAND – COMMENCED BUSINESS 1978<br />

AUSTRALIA - COMMENCED BUSINESS 1989<br />

1. <strong>Mainfreight</strong>, Daily Freight and Owens<br />

Inter-city freight under three brands<br />

2. Chemcouriers<br />

Inter-city hazardous packed goods<br />

3. Owens Tankers<br />

Tanker freight<br />

4. <strong>Mainfreight</strong> 2Home<br />

Delivered to home: appliances,<br />

photocopiers, fitness equipment,<br />

generally fragile packaged products<br />

32 Branches<br />

5 Branches<br />

1 Branch<br />

2 Branches<br />

1. <strong>Mainfreight</strong> inter-city 21 Branches<br />

2. Chemcouriers 6 Branches<br />

3. Owens Tankers -<br />

4. <strong>Mainfreight</strong> 2Home -<br />

5. <strong>Mainfreight</strong> Metro 3 Branches<br />

6. <strong>Mainfreight</strong> Mobile 2 Branches<br />

7. Owens Wharf 4 Branches<br />

8. <strong>Mainfreight</strong> FTL 2 Branches<br />

5. <strong>Mainfreight</strong> Metro 3 Branches<br />

9. <strong>Mainfreight</strong> Warehousing 14 Branches<br />

6. <strong>Mainfreight</strong> Mobile<br />

Container pack and unpack export<br />

and import containers<br />

7. <strong>Mainfreight</strong> Wharf<br />

Container cartage between<br />

customers and wharf<br />

8. <strong>Mainfreight</strong> and Owens (FTL)<br />

Full truck load<br />

9. <strong>Mainfreight</strong> Warehousing<br />

General warehousing<br />

Owens Warehousing<br />

Dangerous goods storage<br />

10. <strong>Mainfreight</strong> Air & Ocean<br />

International air and sea freight<br />

including Customs and Perishables<br />

11. CaroTrans<br />

Wholesale sea freight<br />

ASIA – COMMENCED BUSINESS 1998<br />

1 Branch<br />

3 Branches<br />

4 Branches<br />

17 Branches<br />

2 Branches<br />

15 Branches<br />

1 Branch<br />

1 – 8 Not yet in ground transport -<br />

9. <strong>Mainfreight</strong> Warehousing 3 Branches<br />

10. <strong>Mainfreight</strong> Air & Ocean 20 Branches<br />

11. CaroTrans 5 Branches<br />

10. <strong>Mainfreight</strong> Air & Ocean 11 Branches<br />

11. CaroTrans 3 Branches<br />

AMERICAS – COMMENCED BUSINESS 1999<br />

1. <strong>Mainfreight</strong> inter-city 26 Branches<br />

2 – 6 No specialised ground transport -<br />

7. <strong>Mainfreight</strong> Wharf 1 Branch<br />

8. <strong>Mainfreight</strong> FTL 1 Branch<br />

9. <strong>Mainfreight</strong> Warehousing 10 Branches<br />

10. <strong>Mainfreight</strong> Air & Ocean 25 Branches<br />

11. CaroTrans 14 Branches<br />

EUROPE – COMMENCED BUSINESS 2011<br />

1. <strong>Mainfreight</strong> inter-city 21 Branches<br />

2 – 8 No specialised ground transport -<br />

9. <strong>Mainfreight</strong> Warehousing 13 Branches<br />

10. <strong>Mainfreight</strong> Air & Ocean 14 Branches<br />

11. - -<br />

Observing the development in the Americas and<br />

Europe shows that the opportunities to grow and to<br />

expand in our traditional three businesses of Transport,<br />

Warehousing and Air & Ocean freight is likely to continue<br />

at pace for many years.<br />

Along with that growth will come entry and growth in<br />

the other transport activities which have evolved with the<br />

passage of time in New Zealand.<br />

Our China and Asia branches have recently begun<br />

warehousing and this will be expanded as opportunity<br />

is found. As that development occurs, pressure will rise<br />

for domestic transport and additional activities; we look<br />

forward to that challenge.<br />

While we are enormously proud of the successes of our<br />

global teams in retaining almost all our existing business<br />

over the past two years of Covid disruption, as well as<br />

gaining significant new business, a number of countries<br />

have yet to recover to pre-pandemic operational<br />

standards.<br />

Only New Zealand is recording better than 94% on-time<br />

delivery of freight, while Australia is at 88%, and USA and<br />

Europe are both just over 90%.<br />

Our new build program will assist to lift some standards,<br />

but we all must make efforts to find ways to return to<br />

95% (or better) on-time delivery everywhere.<br />

Conversely, with the accurate and on-time picking of our<br />

warehousing businesses, all countries are performing in<br />

excess of 97%.<br />

We have used statistics to operate our business since the<br />

mid-1980’s. Knowing statistically how well each branch<br />

is performing has been one of the major reasons for our<br />

success. We will do all we can to lift our performance in<br />

the period ahead.<br />

We also want to acknowledge and thank our loyal<br />

customers as we have battled our way through the past<br />

two years.<br />

WE LOOK FORWARD TO CONTINUING TO SERVE YOU<br />

THROUGH THE NEXT 100 YEARS.<br />

BRUCE PLESTED, MAY <strong>2022</strong>


12<br />

PERFORMANCE Group Managing Director’s <strong>Report</strong><br />

13<br />

GROUP GROUP NZ$m NZ$m<br />

NEW ZEALAND NZ$m<br />

REVENUE<br />

PBT<br />

REVENUE<br />

PBT<br />

Opportunities<br />

continue to present<br />

themselves.<br />

We remain confident<br />

of ongoing growth<br />

and expansion.<br />

5,218.3<br />

3,543.8<br />

489.4<br />

262.4<br />

<strong>2022</strong> 2021 <strong>2022</strong> 2021<br />

REVENUE<br />

PROFIT<br />

BEFORE TAX<br />

AUSTRALIA AU$m<br />

REVENUE<br />

47.2%<br />

86.5%<br />

PBT<br />

1,130.2<br />

845.6<br />

136.5<br />

97.8<br />

<strong>2022</strong> 2021 <strong>2022</strong> 2021<br />

REVENUE<br />

PROFIT<br />

BEFORE TAX<br />

REVENUE<br />

EUROPE EU€m<br />

33.7%<br />

39.5%<br />

PBT<br />

DON BRAID, GROUP MANAGING DIRECTOR<br />

1,175.0<br />

877.2<br />

107.5<br />

71.5<br />

567.9<br />

427.5<br />

31.7<br />

22.4<br />

<strong>2022</strong> 2021 <strong>2022</strong> 2020<br />

<strong>2022</strong> 2021 <strong>2022</strong> 2020<br />

To our shareholders, customers, and most importantly,<br />

the people of <strong>Mainfreight</strong> – it is with a great sense of<br />

pride that we provide you all with this annual report<br />

recording the past year’s financial performance, our<br />

interpretation of this record-breaking result and, of more<br />

interest, our view of where <strong>Mainfreight</strong> is heading.<br />

The financial performance of the past 12 months is<br />

excellent, and reflects:<br />

> The extraordinary economic conditions in all five<br />

regions where we are located, with consumer<br />

spending markedly increased during the period<br />

(particularly across the key customer vertical markets<br />

where we excel),<br />

Our headline results include revenues of $5.2 billion, an<br />

increase of 47.2% on the prior year, and profit before tax<br />

improved by 86.5% to $489.4 million. Net profit after tax<br />

improved 88.9% to $355.4 million.<br />

We do not expect this quantum of profit improvement<br />

to reoccur in the short term; rather we anticipate we will<br />

revert to our normal levels of revenue and profit growth.<br />

Our key business purpose is to provide exceptional<br />

supply chain logistics services utilising our three core<br />

products:<br />

> Domestic Transportation: the movement of freight<br />

both inter- and intra-city within each country location,<br />

REVENUE<br />

PROFIT<br />

BEFORE TAX<br />

1,089.4<br />

AMERICAS US$m<br />

REVENUE<br />

576.9<br />

34.0%<br />

50.3%<br />

100.8<br />

PBT<br />

REVENUE<br />

PROFIT<br />

BEFORE TAX<br />

231.0<br />

REVENUE<br />

ASIA US$m<br />

104.3<br />

28.9<br />

32.8%<br />

41.7%<br />

PBT<br />

> Supply chain congestion with inflated shipping and<br />

air freight costs, which are reflected in our revenues,<br />

> The number of new customers attracted to<br />

<strong>Mainfreight</strong> as a consequence of our attitude to<br />

delivery of high-quality logistics services, and not least,<br />

> The wonderful efforts of our people, whose<br />

entrepreneurial spirit has found solutions for our<br />

customers in what has been a difficult logistics<br />

environment.<br />

> Warehousing: the stock holding on behalf of our<br />

customers in high-quality storage facilities (with<br />

value-add services including pick/pack, kitting and<br />

distribution),<br />

> Air & Ocean: the movement of export and import<br />

freight between countries around the world.<br />

Linking all three services across the supply chain is a key<br />

focus and a growing initiative. Across our 500 highestspending<br />

customers, 33% now utilise all three divisions.<br />

<strong>2022</strong> 2021 <strong>2022</strong> 2021<br />

REVENUE<br />

PROFIT<br />

BEFORE TAX<br />

25.9<br />

88.8%<br />

289.0%<br />

<strong>2022</strong> 2021 <strong>2022</strong> 2021<br />

REVENUE<br />

PROFIT<br />

BEFORE TAX<br />

7.0<br />

121.5%<br />

309.4%


14 15<br />

PERFORMANCE Group Managing Director’s <strong>Report</strong><br />

Many customers also look to trade with us across<br />

multiple countries and regions.<br />

The use of our own technology to facilitate tracking and<br />

tracing, and analysing freight distribution efficiencies,<br />

is a key differentiator in our offering to customers.<br />

Our technology investments also address risk, adding<br />

protection for our people, business and customers from<br />

the threat of cyber-crime.<br />

The logistics market is diverse. Our focus is on freight,<br />

particularly LCL (less than container load), where service<br />

is more complex and margin opportunity is greater. The<br />

consolidation and movement of our customers’ freight<br />

domestically and internationally, and incorporating<br />

storage within our warehouses, is our core competency.<br />

We are not involved in courier activities or parcel<br />

movement.<br />

A key objective is to intensify our network of facilities<br />

within cities, and across and between countries and<br />

regions. This brings us closer to our customers to achieve<br />

efficiency in the supply chain. Our facilities are useful,<br />

purposeful and the best we are able to construct to<br />

improve services and quality. We strive to make every<br />

workplace friendly and comfortable for our people.<br />

Environmental considerations are a focus in the<br />

construction and operation of our facilities. Solar power,<br />

water collection to drinkable standards, electric handling<br />

and delivery equipment, along with vegetable gardens<br />

and recycling of waste are important factors in reducing<br />

our carbon emissions.<br />

Continuing growth has meant we require more and<br />

larger facilities, and to this end, our capital expenditure<br />

will be approximately $540 million over the next two<br />

years, of which $450 million will be for land and buildings.<br />

We will also add a further 54 leased facilities to assist the<br />

growth of the network.<br />

We will continue to invest capital to support our growth<br />

aspirations. We expect similar levels of investment in land,<br />

buildings and technology well into the future.<br />

Our desire to be useful across supply chains has ensured<br />

a continuing flow of new customers. This is driving good<br />

organic growth, and is preferred over acquisitions.<br />

The <strong>Mainfreight</strong> culture – our disciplines and style of<br />

doing business – is part of our “secret sauce”. We take a<br />

decentralised approach to business – all 305 branches<br />

measure their quality and manage their own profit and<br />

loss statements. No cross-subsidisation appears in these<br />

financials and they include interest and depreciation;<br />

there is no hiding from poor performance. Decisionmaking<br />

that happens close to the customer, promotion<br />

of our people from within, and sharing our profits with<br />

those who earn them are other key pillars of who we<br />

are. At all times we look to dispense with bureaucracy,<br />

helping decisions to be made quickly and efficiently.<br />

The autonomy given to our Branch Managers and to the<br />

Leadership Teams in each region is creating momentum<br />

and capability deep within the organisation. Promoting<br />

these people as retirement or other changes dictate is<br />

a successful formula for <strong>Mainfreight</strong>. This is no better<br />

evidenced than by the cascading effect that has seen<br />

a number of internal promotions this past year, further<br />

developing leaders with skills and time in complicated<br />

and busy roles. The same process will follow for<br />

succession to the Group Managing Director role … when<br />

that time arrives!<br />

Having these leaders in their roles for an extended time<br />

(providing they are successful), is an important part of<br />

who we are. Consistency, quality, ongoing growth and<br />

development of our competitive advantage all come<br />

from tenure. Developing and encouraging more women<br />

into leadership roles is a key objective for the business,<br />

an area of weakness that we must improve.<br />

MARTHA VALENZUELA, CARSON, USA


16<br />

PERFORMANCE Group Managing Director’s <strong>Report</strong><br />

17<br />

New Zealand<br />

Our New Zealand business units have performed<br />

extremely well and we continue to find opportunities for<br />

more growth.<br />

Domestically, we have extended our Transport network<br />

with additional branches in cities and regions completed<br />

and more planned. The density of our network is<br />

providing Transport efficiencies and improved long-term<br />

delivery performance. Volume increases and a shortage<br />

of road and rail equipment impacted service levels<br />

through the later part of 2021, however we are confident<br />

our performance is now back to acceptable levels.<br />

Our new West Auckland facility will open mid-<strong>2022</strong><br />

providing much-needed capacity for the developing<br />

northwest region of New Zealand’s largest city. A<br />

further eight city and regional Transport sites are under<br />

construction or contract, as our domestic network<br />

intensification continues to attract customers.<br />

Warehousing growth continues. Commitment from new<br />

customers and increased capacity requirements from<br />

established customers have resulted in a number of new<br />

site developments; the largest, 46,000 square metres, in<br />

Auckland. By 2024, we expect to have more than 240,000<br />

square metres of high-quality warehouse space across<br />

New Zealand (compared with approximately 179,000<br />

square metres at 31 March <strong>2022</strong>).<br />

Our Air & Ocean growth has also continued, with<br />

increased air and sea freight volumes. A number of<br />

new initiatives in chartering aircraft, and large bulk<br />

commitments for seafreight, saw customers increase<br />

their patronage as these strategies bypassed congested<br />

shipping and air capacity, particularly ex-Asia.<br />

Expansion in regional New Zealand has provided growth<br />

opportunities, bringing our global network advantages to<br />

regional exporters and importers alike.<br />

During the year, Carl George assumed the New Zealand<br />

leadership role. Carl has been with <strong>Mainfreight</strong> for 27<br />

years in a variety of sales, operational and leadership<br />

roles. This preference to promote internally is a key part of<br />

who we are. A number of other New Zealand leadership<br />

changes occurred as a consequence of Carl’s promotion.<br />

Australia<br />

Our development across the Australian logistics market<br />

continues to be strong.<br />

The market share gains and volume growth experienced<br />

have required ongoing investment in land and buildings.<br />

While many of the immediate projects are due for<br />

completion across the next two years, we are also<br />

exploring bare land purchase, particularly in Queensland<br />

and New South Wales to help facilitate infrastructure<br />

growth for the next ten years.<br />

Multiple warehouses in each state and up to three<br />

Transport facilities in each of the largest eastern seaboard<br />

cities will be required, such is the demand for our<br />

services. Increasing our presence in regional towns across<br />

states and territories will complement the freight task<br />

arising from our large city locations. We opened four<br />

new branches in Australia in the past year including<br />

Wollongong, and have another six planned for 2023,<br />

spread from Mackay in northern Queensland, down to<br />

Tasmania.<br />

In line with our supply chain strategies, new customers<br />

taking advantage of our high spec Warehouse facilities<br />

will also utilise our Transport and Air & Ocean services.<br />

There is approximately 117,000 square metres of<br />

warehousing development underway, which will be<br />

ready for occupation over the next two years. The largest<br />

of these is a leased site at Moorebank in Sydney (55,865<br />

square metres) that will be serviced by remote electric<br />

straddle carriers connected to road and rail services. This<br />

warehouse will also include chilled storage options.<br />

SIMI MARINER, AUCKLAND, NEW ZEALAND


18 19<br />

PERFORMANCE Group Managing Director’s <strong>Report</strong><br />

The Air & Ocean operations have managed customer<br />

volume under the current supply chain congestion as<br />

well as can be expected. We would like more space<br />

availability across both ocean and air categories to<br />

support our growing customer base; negotiations<br />

continue to satisfy this growth.<br />

New air freight facilities for dry and perishable cargo<br />

in Queensland will be completed in 2023. Linked with<br />

refrigerated transport, we will be well placed to grow<br />

the export and import perishable food categories for the<br />

northern state.<br />

Automation is now a feature of several of our Australian<br />

Warehousing facilities; once our trials are completed<br />

and we are satisfied with the efficiency and suitability,<br />

we will introduce this to our warehouses worldwide.<br />

These automation capabilities link to our Warehousing<br />

management software systems, providing our customers<br />

with sophisticated data with which to manage their<br />

supply chains more efficiently.<br />

Our market share in Australia is still small, and we see<br />

significant long-term potential for all three core services.<br />

Asia<br />

The past year has seen our best-ever performance across<br />

the Asia region, assisted by the strong volumes of export<br />

cargo from most Asian countries into the USA.<br />

Supply chain congestion and shortage of both shipping<br />

space and container equipment has limited the growth<br />

that has been presented to us of late.<br />

We are now well established across Asia (in nine<br />

countries) and will extend our network to Indonesia in<br />

mid-<strong>2022</strong>. As borders reopen, we will look for further<br />

opportunities to expand to other countries in the region.<br />

Imports are a key consideration to assist our Warehousing<br />

development ambitions, particularly across the<br />

customer verticals of food, beverage, DIY, perishable and<br />

pharmaceuticals. We have established an initial small<br />

footprint for Warehousing and we expect this to grow as<br />

inbound volume from our network increases.<br />

Europe<br />

Our focus for the Europe region remains on our three<br />

core products of Transport, Warehousing and Air & Ocean<br />

in all 10 countries where we are now located, and on<br />

encouraging more customers to use us across all three<br />

services.<br />

Establishing Air & Ocean branches in new countries<br />

provides us with an easier path, utilising fewer assets and<br />

providing the opportunity to develop our own team of<br />

people, skills and brand supported by our existing Air &<br />

Ocean customer base. Once established in this manner,<br />

we are able to begin the process of developing Transport<br />

and Warehouse operations.<br />

It is our intention to further intensify our European<br />

footprint across new countries and within existing ones.<br />

Additional Transport and Warehousing sites are being<br />

established across the Netherlands, Belgium, France, Italy,<br />

Poland, Romania and the United Kingdom. Our Air &<br />

Ocean division is also operating in Spain and Germany,<br />

and is confident of commencing in the Nordic region<br />

within the next two years.<br />

The Russia/Ukraine crisis has seen the closure of our<br />

Russian operations. Our Ukraine operation is being<br />

managed remotely until the conflict is resolved.<br />

Sales and profit performance has been adequate in this<br />

past 12 months, hindered in some part by significant<br />

numbers of team members having to isolate during the<br />

peak of the Covid-19 pandemic.<br />

Despite this, we are pleased with our progress across<br />

Europe and are confident this growth will continue into<br />

the future, particularly as we continue improving our<br />

infrastructure and network intensity.<br />

EDYTA SZKALUBA, ’S-HEERENBERG, THE NETHERLANDS


20<br />

PERFORMANCE Group Managing Director’s <strong>Report</strong><br />

21<br />

The Americas<br />

The performance from our Air & Ocean division has<br />

enabled a significant lift in overall profitability and<br />

performance. The volume surge and opportunities<br />

presented, particularly in sea freight from Asia, have<br />

enabled our team to develop a significant presence in<br />

this market segment. Likewise, the flow-on effect for our<br />

Transport and Warehousing divisions has been pleasing.<br />

Customer growth has seen the need for further<br />

Warehouse development; another 90,000 square metres<br />

has been opened in the past 12 months, across facilities<br />

in Pennsylvania, Texas and Illinois.<br />

Our Transport division is firmly focused on the LTL (less<br />

than truck load) freight market across the breadth of<br />

the USA and into Canada and Mexico. Whilst growth has<br />

been satisfactory, we expect momentum to increase as<br />

purpose-built cross-dock facilities are implemented and<br />

provide greater efficiencies.<br />

During the past year, we have been able to open another<br />

two Transport locations (replacing agency arrangements)<br />

and we now have 210 Owner Drivers providing LTL<br />

freight solutions that are able to service over 50% of the<br />

USA population. Furthermore, 80% of all our Transport<br />

customers’ freight now moves within our own dedicated<br />

line-haul network.<br />

We will continue to further intensify our network across<br />

The Americas in all three divisions. We estimate our<br />

current market share to be less than 0.5% of the<br />

$190 billion market opportunity available. We have plenty<br />

to do to increase our market presence.<br />

CaroTrans has improved its performance in the NVOCC<br />

wholesale sea freight market. New agency arrangements<br />

in South America and Europe have provided larger<br />

volumes in-bound. A stronger focus on export LCL freight<br />

growth will complement these relationships in the<br />

long-term.<br />

During the year, Jason Braid was promoted to the<br />

Americas leadership role. Jason has been with<br />

<strong>Mainfreight</strong> for 25 years in a variety of roles, most recently<br />

leading our Air & Ocean Division in Europe. This change<br />

has resulted in the typical cascade of internal promotions,<br />

refreshing our leadership and branch management<br />

teams there.<br />

Conclusion<br />

Our financial performance across the Group over<br />

these past two years has been satisfactory, against a<br />

background of ongoing supply chain congestion and<br />

fragility brought about by the pandemic.<br />

Our people have been remarkable in maintaining<br />

services for our customers. This has enhanced our<br />

reputation, and provides us with an excellent platform<br />

for further growth, instilling us with the confidence to<br />

commit to further capital investment and increase our<br />

infrastructure across all five regions.<br />

There are some who see our performance as being<br />

one-dimensional – the Air & Ocean effect. While that<br />

has assisted, we have also seen significant benefits<br />

within our Transport and Warehousing divisions; growth<br />

and performance that will last long after the Air & Ocean<br />

normalisation that we can expect between now<br />

and 2025.<br />

We face an uncertain economic environment with<br />

increasing inflation, continued supply chain congestion,<br />

and variability of discretionary spending (likely diverted<br />

to the service sector). We remain undeterred.<br />

Opportunities continue to present themselves, we are<br />

investing in our infrastructure, people, technology and<br />

customers, and we remain confident of ongoing growth<br />

and expansion no matter the conditions.<br />

Thank you for being on this journey with us.<br />

DON BRAID JUNE <strong>2022</strong><br />

More<br />

COMMITMENT<br />

to stay true to our Founder’s values through all seasons.<br />

The focus remains on our people and culture.<br />

ALBERT FARRALES AND LEO VELASQUEZ, LOS ANGELES, USA


22<br />

23<br />

PERFORMANCE Five-Year Road Map<br />

Five-Year Road Map<br />

OUR STRATEGIC FOCUS over the next five years can be broken down into three<br />

key categories. Through sharing these aspirations with our people and shareholders,<br />

we hold ourselves to account.<br />

FY22 UPDATE FY23 FY24 FY25 FY26 FY27<br />

NETWORK + PROPERTY<br />

> Branch network increased by 22 to 319<br />

Currently 305<br />

> 3 new replacement properties<br />

completed in NZ and Australia<br />

> New West Auckland site completed<br />

August <strong>2022</strong> completion<br />

> Revenue at $4 billion $5.2 billion<br />

> Branch network increased by 25 to<br />

330 locations<br />

> Country network increased by<br />

6 across Europe and SE Asia<br />

(including Indonesia)<br />

> 7 new replacement property<br />

developments completed in NZ<br />

and Australia<br />

> Warehousing product launches in Asia<br />

> CaroTrans opens in Canada<br />

> US Transport operations self-sufficient<br />

with own road line-haul<br />

> Southwest Melbourne and Adelaide<br />

facilities completed<br />

> Revenue at $6 billion<br />

> Branch network exceeds<br />

350 branches, located in an<br />

additional 3 countries, now<br />

totalling 34<br />

> Opened in Nordic region<br />

> Completion of new<br />

Queensland Transport<br />

facility<br />

> SE Asian presence<br />

increased, including<br />

Warehousing<br />

> USA Transport network<br />

intensifies across Mid-West<br />

and South-East regions<br />

> South America expansion<br />

> Completion of new facilities<br />

for Owens in AKL and CHH<br />

> Located in 40 countries<br />

> Branch network exceeds<br />

400<br />

> European branch network<br />

exceeds 80<br />

> Americas branch network<br />

exceeds 100<br />

> Asian network has 35<br />

branches across 15<br />

countries, including India<br />

and Philippines<br />

> Commencement of<br />

owned facilities in Europe<br />

and US<br />

> NZ and Australia<br />

refrigerated network<br />

develops facilities<br />

> Located in 50 countries<br />

> Branch network exceeds<br />

500<br />

> Revenue at $8 billion<br />

> Full perishables network<br />

in Asia<br />

> 3rd Sydney Transport site<br />

> Additional Transport sites<br />

in New York, Chicago,<br />

Dallas and LA<br />

> India<br />

subcontinent<br />

becomes a<br />

separate region<br />

> Transport<br />

operating in UK<br />

> 100 branches<br />

across Europe<br />

> Could we achieve<br />

revenue of $10<br />

billion by 2027?<br />

> Revenue at $7 billion<br />

> 3rd Melbourne Transport<br />

site<br />

BRANDS, SERVICES<br />

+ PRODUCTS<br />

> Perishable development in US, Asia,<br />

Europe US only<br />

> Pharmaceutical capability increased<br />

and accreditation completed in all<br />

regions Completed<br />

> Bulk wine activities commenced;<br />

internationally and domestically in<br />

NZ and AU Yet to find traction<br />

> Chilled road transport network<br />

established in NZ and Australia<br />

Underway<br />

> Top 500 customers trading across all<br />

3 products increases to 33% Achieved<br />

> Maintel analytics product available<br />

to customers Being utilised<br />

> Perishable locations operational in<br />

Americas and Europe<br />

> Pharmaceutical development<br />

continues<br />

> Chilled domestic networks expanded<br />

in NZ and Australia<br />

> Top 500 customers trading across all<br />

3 products increases to 34%<br />

> Canada and Mexico on Mainstreet<br />

operating platform<br />

> Warehousing automation is applied<br />

to additional sites<br />

> Warehousing Moorebank (Sydney)<br />

56,000m 2 facility completed<br />

> Land and Property capital expenditure<br />

of $450 million for 2 years underway<br />

> Perishable network<br />

now operating across all<br />

5 regions<br />

> Pharmaceuticals become<br />

significant in Air & Ocean<br />

and Warehousing<br />

> Bulk liquid and beverage<br />

sector develops alongside<br />

packaged sector<br />

> Top 500 customers trading<br />

across all 3 divisions<br />

increases to 35%<br />

> Refresh of our Air & Ocean<br />

customer portal<br />

> European Transport<br />

management system<br />

refresh completed<br />

> Supply chain use of all<br />

three core products<br />

increases to 36% across<br />

our Top 500 customers<br />

> Warehouse automation<br />

becomes a feature of<br />

most new warehouse<br />

builds<br />

> Warehousing<br />

development includes<br />

refrigerated facilities to<br />

complement Transport<br />

network<br />

> European warehouse<br />

management system<br />

upgraded<br />

> All regions/countries have<br />

Transport, Warehousing<br />

and Air & Ocean<br />

product offerings for our<br />

customers<br />

> Land & building<br />

considered for ownership<br />

in Europe and the<br />

Americas<br />

> Automation options in use<br />

across most warehouses<br />

> Predictive analytics via<br />

Maintel introduced to the<br />

business<br />

> Top 500 customers<br />

trading across all 3<br />

divisions increases to 38%<br />

> Airfreight<br />

growth across all<br />

regions includes<br />

perishables and<br />

pharmaceuticals<br />

> Seafreight TEUs<br />

exceeds 750,000<br />

> Operations in<br />

Europe and<br />

the Americas<br />

become our<br />

largest business<br />

units by size and<br />

profitability<br />

ENVIRONMENT<br />

> Launch of carbon tracking technology<br />

Completed<br />

> Water collection to potable (drinkable)<br />

standard begins<br />

> Electric truck trials complete<br />

> CO2-e intensity factors continue<br />

to decline<br />

> Electric delivery vehicles operating<br />

in NZ, Australia and Europe<br />

> Solar power and water collection<br />

a common feature across all sites<br />

> CO2-e intensity factors continue to<br />

reduce; tracked per consignment<br />

for customers<br />

> CO2-e intensity factors<br />

continue to decline in both<br />

direct & indirect categories<br />

> All new facilities collecting<br />

water to potable standard,<br />

and becoming selfsufficient<br />

through the<br />

use of solar power<br />

> Increased use of electric<br />

delivery vehicles in all<br />

regions<br />

> CO 2<br />

-e intensity factors<br />

continue to decline<br />

> Water collection on<br />

all sites<br />

> Solar power across as<br />

many sites as possible<br />

> CO2-e intensity factors<br />

continue to decline<br />

> Electric vehicles<br />

feature across<br />

all Transport<br />

businesses


24<br />

PERFORMANCE 10-Year Snapshot of Growth<br />

25<br />

10-year Snapshot of Growth<br />

THESE 10-YEAR FIGURES track the growth of our business and reflect<br />

the efforts of our people.<br />

6,000,000<br />

5,000,000<br />

GROUP REVENUE<br />

($000)<br />

12,000<br />

10,000<br />

TEAM MEMBERS<br />

4,000,000<br />

8,000<br />

3,000,000<br />

6,000<br />

2,000,000<br />

4,000<br />

1,000,000<br />

2,000<br />

0<br />

0<br />

13 14 15 16 17 18 19 20 21 22<br />

13 14 15 16 17 18 19 20 21 22<br />

GROUP PBT<br />

TOTAL BRANCHES<br />

($000)<br />

500,000<br />

350<br />

400,000<br />

300<br />

250<br />

300,000<br />

200<br />

200,000<br />

150<br />

100<br />

100,000<br />

50<br />

0<br />

0<br />

13 14 15 16 17 18 19 20 21 22<br />

13 14 15 16 17 18 19 20 21 22<br />

GROUP NET PROFIT<br />

COUNTRIES<br />

BEFORE ABNORMALS ($000)<br />

400,000<br />

30<br />

350,000<br />

25<br />

300,000<br />

250,000<br />

20<br />

200,000<br />

15<br />

150,000<br />

10<br />

100,000<br />

50,000<br />

5<br />

0<br />

0<br />

LAUREN WILSON, EPPING, AUSTRALIA<br />

13 14 15 16 17 18 19 20 21 22<br />

13 14 15 16 17 18 19 20 21 22


26<br />

27<br />

OUR BUSINESS Our Global Network<br />

OUR GLOBAL NETWORK We believe plenty of opportunity remains within<br />

most countries we operate in. Our focus is on creating greater intensity in these<br />

countries, and expanding into new territories.<br />

BRANCHES<br />

305<br />

COUNTRIES<br />

25<br />

New Zealand, Australia, USA, Canada, Chile, Mexico,<br />

China, Hong Kong, Japan, Malaysia, Singapore,<br />

South Korea, Taiwan, Thailand, Vietnam,<br />

Netherlands, Belgium, France, Germany, Italy,<br />

Poland, Romania, Spain, Ukraine, United Kingdom.<br />

EUROPE<br />

ASIA<br />

AUSTRALIA<br />

NEW<br />

ZEALAND<br />

THE<br />

AMERICAS<br />

Team members<br />

3,138<br />

48<br />

Branches<br />

Team members<br />

490<br />

28<br />

Branches<br />

Team members<br />

2,296<br />

66<br />

Branches<br />

Team members<br />

2,866<br />

86<br />

Branches<br />

Team members<br />

1,603<br />

77<br />

Branches<br />

EU€567.9m<br />

Revenue<br />

10 Countries US$231.0m 9 Countries AU$1,175.0m<br />

NZ$1,130.2m<br />

US$1,089.4m 4 Countries<br />

Revenue<br />

Revenue<br />

Revenue<br />

Revenue


28 29<br />

OUR BUSINESS Operating Statistics<br />

TRANSPORT STATISTICS<br />

TRANSPORT LOADING ERRORS<br />

AIR & OCEAN STATISTICS<br />

WAREHOUSING STATISTICS<br />

TOTAL TONNES<br />

3,084,687<br />

<strong>2022</strong><br />

TOTAL<br />

CONSIGNMENTS<br />

4,776,200<br />

<strong>2022</strong><br />

TOTAL TONNES<br />

1,513,213<br />

NEW ZEALAND<br />

2,774,940<br />

2021<br />

4,509,675<br />

2021<br />

1,297,490<br />

AUSTRALIA<br />

TOTAL CUBIC METRES<br />

8,772,187<br />

<strong>2022</strong><br />

DELIVERY<br />

PERFORMANCE<br />

94.7%<br />

<strong>2022</strong><br />

TOTAL CUBIC METRES<br />

4,942,437<br />

7,858,481<br />

2021<br />

91.3%<br />

2021<br />

4,378,125<br />

LOADING ERRORS PER<br />

100 CONSIGNMENTS<br />

New Zealand<br />

Australia<br />

2018 3.94 5.99<br />

Americas<br />

TRANSPORT CLAIMS<br />

CONSIGNMENTS FOR 1 CLAIM<br />

Europe<br />

2019 4.93 4.07 * 1.94<br />

2020 2.88 3.75 1.20<br />

2021 3.15 3.31 2.09 1.15<br />

<strong>2022</strong> 3.07 5.60 2.74 1.46<br />

*Measurement of loading errors in our Americas<br />

business commenced in June 2020<br />

-<br />

This Year<br />

IATA RANKING<br />

This Year<br />

Last Year<br />

Airfreight 138,279,433 114,736,242<br />

Inbound<br />

and<br />

Outbound<br />

(kilos)<br />

Seafreight 424,610 347,638<br />

Inbound<br />

and<br />

Outbound<br />

(TEUs)<br />

Customs<br />

Clearances<br />

225,348 201,275<br />

Last Year<br />

NZ 1st 1st<br />

AU 5th 6th<br />

US 32nd 32nd<br />

NEW ZEALAND (NZ$) AUSTRALIA (AU$) AMERICAS (US$) EUROPE (EU€)<br />

This Year Last Year This Year Last Year This Year Last Year This Year Last Year<br />

Inventory Record Accuracy (IRA) 96.4% 98.4% 99.7% 99.8% 99.2% 98.2% 99.8% 99.7%<br />

Facility Utilisation 98.0% 86.0% 89.0% 94.0% 80.0% 84.0% 94.5% 91.0%<br />

Warehousing Footprint (m 2 ) 179,075 171,915 215,909 177,000 195,698 121,100 338,820 334,273<br />

Transport Consignments<br />

Generated<br />

573,154 476,923 480,931 434,684 13,680 8,078 1,495,002 1,439,884<br />

Transport Consignments Value $70.2m $52.2m $74.2m $64.6m $8.3m $4.0m €63.9m €59.1m<br />

Percentage of Transport Freight 11.1% 10.1% 23.9% 20.5% 4.2% 2.6% 17.0% 22.3%<br />

<strong>Mainfreight</strong>’s level of IRA measures location count, inventory condition, systems alignment to inventory count, product integrity, total inventory count.<br />

TRAINING STATISTICS<br />

<strong>2022</strong><br />

TOTAL<br />

CONSIGNMENTS<br />

2,020,171<br />

<strong>2022</strong><br />

2021<br />

1,877,304<br />

2021<br />

TOTAL TONNES<br />

255,517<br />

<strong>2022</strong><br />

TOTAL<br />

CONSIGNMENTS<br />

<strong>2022</strong><br />

225,348<br />

2021<br />

2021<br />

AMERICAS<br />

<strong>2022</strong><br />

DELIVERY<br />

PERFORMANCE<br />

88.9%<br />

<strong>2022</strong><br />

2021<br />

92.5%<br />

2021<br />

TOTAL CUBIC METRES<br />

1,780,999<br />

<strong>2022</strong><br />

DELIVERY<br />

PERFORMANCE<br />

<strong>2022</strong><br />

1,511,190<br />

2021<br />

311,353 91.3% 92.3%<br />

270,313<br />

TOTAL TONNES*<br />

2,433,155<br />

<strong>2022</strong><br />

TOTAL<br />

CONSIGNMENTS<br />

<strong>2022</strong><br />

3,362,464<br />

2021<br />

2021<br />

EUROPE<br />

2021<br />

TOTAL CUBIC METRES*<br />

6,392,131<br />

<strong>2022</strong><br />

DELIVERY<br />

PERFORMANCE<br />

<strong>2022</strong><br />

9,784,363<br />

2021<br />

2,505,945<br />

2,352,921<br />

92.5% 92.6%<br />

2021<br />

CLAIMS NEW ZEALAND<br />

2018 498 consignments<br />

2019 528 consignments<br />

2020 607 consignments<br />

2021 623 consignments<br />

<strong>2022</strong> 584 consignments<br />

CLAIMS AUSTRALIA<br />

2018 2,952 consignments<br />

2019 2,943 consignments<br />

2020 1,380 consignments<br />

2021 2,053 consignments<br />

<strong>2022</strong> 1,800 consignments<br />

CLAIMS AMERICAS<br />

2018 408 consignments<br />

2019 404 consignments<br />

2020 833 consignments<br />

2021 515 consignments<br />

<strong>2022</strong> 431 consignments<br />

CLAIMS EUROPE<br />

2019 1,013 consignments<br />

2020 686 consignments<br />

2021 1,067 consignments<br />

<strong>2022</strong> 970 consignments<br />

2019 was our first year of calculating claims<br />

statistics in Europe.<br />

INFORMATION TECHNOLOGY<br />

Information<br />

Technology<br />

Spend<br />

As a % of<br />

Revenue<br />

DEBTORS DAYS OUTSTANDING<br />

Debtors Days<br />

Outstanding<br />

This Year<br />

$79.45<br />

million<br />

This Year<br />

Last Year<br />

$67.50<br />

million<br />

1.52% 1.90%<br />

Percentage of consignment notes<br />

received electronically<br />

This Year<br />

Last Year<br />

New Zealand 91.8% 92.2%<br />

Australia 96.5% 96.5%<br />

Americas 64.5% 54.1%<br />

Europe 99.9% 92.4%<br />

Percentage of Warehousing orders<br />

received electronically<br />

This Year<br />

Last Year<br />

New Zealand 99.5% 99.2%<br />

Australia 99.6% 99.5%<br />

Americas 99.9% 99.9%<br />

Europe 99.9% 99.4%<br />

Last Year<br />

35.59 38.77<br />

Courses<br />

Held<br />

NEW ZEALAND AUSTRALIA AMERICAS ASIA EUROPE<br />

This Year Last Year This Year Last Year This Year Last Year This Year Last Year This Year Last Year<br />

Induction 175 116 138 195 184 20 178 12 213 169<br />

Licensing 0 135 1,588 7 560 488 54 5 563 926<br />

Procedural 112 672 6,421 4,576 2,239 4,414 561 352 1,361 2,176<br />

Systems 218 712 467 2,502 1,216 489 258 270 967 475<br />

Other<br />

(incl regulatory<br />

requirements)<br />

605 14 8,075 5,409 1,827 820 351 31 230 111<br />

Total 1,110 1,649 16,689 12,689 6,026 6,231 1,402 670 3,334 3,857<br />

“We have<br />

used statistics<br />

to operate<br />

our business<br />

since the mid-<br />

1980s”<br />

BRUCE PLESTED<br />

PEOPLE<br />

TEAM NUMBERS<br />

This Year<br />

TRAINING AND HR SPEND<br />

This Year<br />

Last Year<br />

New Zealand 2,866 2,627<br />

Australia 2,296 2,142<br />

Europe 3,138 2,915<br />

Americas 1,603 1,131<br />

Asia 490 425<br />

Total Group 10,393 9,240<br />

Last Year<br />

Training and HR Spend $14.87 million $10.57 million<br />

As a % of Revenue 0.28% 0.30%<br />

* Reduction of full truck freight in favour of more<br />

LCL freight.


30 31<br />

OUR BUSINESS Capital Expenditure<br />

Capital expenditure is directed and approved by the<br />

Board of Directors from recommendations made by<br />

senior management. Expenditure can be classified into<br />

three divisions; Property, Information Technology and<br />

General, including Plant and Equipment.<br />

During this past financial year, net capital expenditure<br />

totalled $189.1 million. Total capital expenditure is<br />

estimated at $345 million for the 2023 financial year,<br />

of which capital required for property development<br />

is expected to be approximately $300 million (with<br />

approximately $150 million for the 2024 financial year).<br />

Capital expenditure on land and buildings is being<br />

increased over the next three years in an effort to ensure<br />

that our people have the very best of facilities to assist in<br />

the delivery of high quality supply chain services.<br />

Property / Racking & Fit-out Costs<br />

Of the $189.1 million, $109.4 million was spent on<br />

property, primarily across our network in New Zealand<br />

and Australia. A further $35.3 million was spent on<br />

racking and other property fit-out costs. The major items<br />

were:<br />

Freight facility, Hobsonville, Auckland<br />

Land and building, Gisborne<br />

Freight facility, Kaitaia<br />

Land, Whanganui<br />

Sundry purchase, New Zealand<br />

Freight/Warehouse facility, Dandenong<br />

Freight facility, Adelaide<br />

Racking & Fit-out Costs, Group<br />

$26.6 million<br />

$5.5 million<br />

$4.2 million<br />

$3.4 million<br />

$7.0 million<br />

$40.6 million<br />

$16.0 million<br />

$35.3 million<br />

Construction, land purchases, planning and resource<br />

consent processes are underway across a number of<br />

projects in New Zealand and Australia. These include<br />

both large city developments in Auckland, Melbourne<br />

and Adelaide, and a number of smaller regional sites<br />

in Australasia, as we continue the intensification of our<br />

network.<br />

Land investment decisions will continue to be made on<br />

an as-required basis, albeit with more forethought for<br />

our growth requirements long-term. Better land banking<br />

would be advantageous, particularly in Australasia, rather<br />

than the buy-to-construct-now approach.<br />

While in the past we have been hesitant to invest in<br />

other regions until we found acceptable growth and<br />

returns, and until we better understood the requirements<br />

of those markets, we are now more confident at the<br />

prospect of investing in properties offshore – in Europe<br />

and the Americas.<br />

In conjunction with these land and building investment<br />

decisions, we are also committing to a number of longterm<br />

lease arrangements.<br />

The project underway at Dandenong will likely be the<br />

last dual Transport/Warehousing facility built in a major<br />

metropolitan area. The price of land and the constraint<br />

on growth means, for the most part, we will continue<br />

to own (build or purchase) our Transport sites but<br />

warehouses will be leased. In the Americas and Europe<br />

this will be managed on a site-by-site basis relative to<br />

availability.<br />

Information Technology<br />

Our investment in technology continues to strengthen<br />

our efficiency and productivity, providing data and<br />

statistics that allow us to deliver greater quality while<br />

providing transparency for our customers, providing<br />

them with an extra layer of intelligence as well as critical<br />

supply chain information.<br />

Capital expenditure on Information Technology was<br />

$17.0 million in the past year, and as with our land and<br />

building investment, we will increase our expenditure<br />

on technology to catch up on slowed investment during<br />

the early part of the pandemic. Cyber security remains a<br />

critical resource and is receiving ongoing investment.<br />

Development of our systems software in Europe, for<br />

both Transport and Warehousing, is underway as is a full<br />

hardware refresh for the region. The robotic automation<br />

initiatives for warehousing in Australia and the USA will<br />

also require software enhancements.<br />

The hardware standardisation project for New Zealand,<br />

Americas and Europe gives us a consistent global<br />

platform and provides stability and security. This<br />

decentralisation is in line with our management<br />

practices and will buck the trend of moving everything<br />

to the cloud.<br />

Plant and Equipment<br />

The balance of capital spend, $27.4 million, is attributable<br />

to plant and equipment purchased across New Zealand,<br />

Australia, the Americas and Europe.<br />

More<br />

GROWTH<br />

in infrastructure and people is creating the<br />

capacity and ability to grow our global network<br />

OUR NEW 50,000 M 2 FACILITY AT DANDENONG, MELBOURNE DUE FOR COMPLETION, OCTOBER <strong>2022</strong>


32<br />

PEOPLE AND COMMUNITIES Our People<br />

IN THE PAST YEAR<br />

WE ASKED<br />

MORE OF OUR<br />

EXTRAORDINARY<br />

PEOPLE


33 34<br />

NEW ZEALAND CAROTRANS AUCKLAND Agatha Braga, Joshua Chellatamby, Kelly Chen, Brendon Chiu, Cameron Couper, Shayal Deol, Mike Dunn, Ramez Fawzi,<br />

Lisa Parangi, Laura Porter, Wiremu Rice, Christine Teapa, Redem Vinuya, Maiane Woodley, Randall Yard. CAROTRANS CFS AUCKLAND Dale Abernethy, Patricia Ane,<br />

Bhavana Bansode, Robert Fonoimoana, Jaedon Gascoigne, Norm Gascoigne, Neil Harding, Michael Keresoma, Brent Marks, Rajni Nagina, Robert Nives, Serge Thomas, Raymond Tua,<br />

Raewyn Vela, Brett Whitehead, Juliet Whitham. CAROTRANS CFS CHRISTCHURCH Cameron Godfrey, Darren Jerard, Molly McPhail, Jamie Sansom,<br />

James Sutton. CHEMCOURIERS AUCKLAND Nathan Aii, Richard Aitken, Benjamin Ale, Ivan Alofa, Yogesh Arora, Sean Aufai, Tolua Aufai, Nikesh Chhana, Mari Cooper,<br />

Peter Cooper, Malakai Finau, Roydon George-Thomas, Caitlin Harvey, Kohine Henare, Kyle (Spike) Hereora, Luke Matthew Hiroa, Harry Horder, Noel Hughes, Tevesi Inukihaangana,<br />

Stephen Jordan, Max Kaleopa, Isi Kaliopasi, Conway Keilman, Michael Keith, Mohammed Khan, Nagendra Kumar, Iulieta Leafa, Wen (Amy) Liu, Michael Long, Nathaniel Macaulay,<br />

Christina MacKay, Apiuta Malua, Fotu Mau, Taine McKay, Elyse McSkimming, Trevor Mitai, Jason Mouat, Nigel Mouat, Mark Pakuru, Rajinder Pannu, Kishor Patel, Unnati Patel,<br />

Chris Raina, Curtis Rapley, Taeaolii Schmidt, Siotame Siaki, Amritpal Singh, Harpreet Singh, Paramveer Singh, Varinder Singh, Mandeep Singh Aulakh, Clinton Smith, Richard Smith,<br />

Kalolo Soafa, Dave Stewart, Gail Street, Brenton Te Rehu, Michael Thomas, Noa Tohi, Kini Toloa, Bernadette Tufuga, Jennifer Tuhi, Danny Tuivaiave, Saimone Tupou, Sosaia Nomani Tupou,<br />

George Ulutaufonua, Francois Williams, Andrew Woolliams. CHEMCOURIERS CHRISTCHURCH Sam Borland, Isobel Bowman, Chris Dawson, Rey Dela Cruz, Chris Donaldson,<br />

Iain Henderson, Lucas Johns, Chelsea Kay, Jason Knauf, Shane Kupfer, James Milliken, Jack O'Hara, George Perkins, Wei Sun. CHEMCOURIERS HAMILTON Alice Barrett,<br />

Aaron Knowles, Abdus Muzahid. CHEMCOURIERS WELLINGTON Deborah Paul, Rodney Warsnop. DAILY FREIGHT AUCKLAND Kilisimasi Aholelei, Nicholas Aiga,<br />

Saia Aipolo, Kalapu Alaelua, Joseph Alamoti, Fazeel Ali, Josiah Alofa, Nathaniel Anesone, Manish Arora, Allan Aufai, Altaf Baba, Taimur Badhniwalla, Russell Barry, Damien Beach,<br />

Chris Bury, Matt Cagimaivuna, Raghu Chinchalker, Zhen Tao Chung, Bryan Clarke, Mikayla Collett, Ian Cox, Jim Cullen, Khushroo Daruwalla, Olivia Dempster, Chetan Desai, Sangeeta Devi,<br />

Saurabh Dhamija, Sidney Ene, Elijah Etuale, Clinton Faamausili, Tristan Faleata, Paea Fitikefu, Wilson Fitikefu, Lydia Fohe, Uluaki Foueti, Nehu Freeman, Joshua Gibbs, Rakesh Goundar,<br />

Rynal Goundar, Surya Gounder, Elliott Gutry, David Hala, Tavake Hala, Ronnie Halagigie, Martin Hamilton, Aimee Harding, Dean Harding, Jystice-Capri Hetaraka, Gavin Holm, Efaraima Ieti,<br />

Junior Ili, Ivan Josephs, Melanie Joyce, Harjeet Kahlon, Eden Katonivualiku, Watson Kauvalu, Murray Kendall, Jashneel Kumar, Yasbeen Kumar, Nicholas Lake, Katalina Latana,<br />

Roger Leckner, Alanah Leilua, Esther Leilua, Osvaldo Letelier, Meleseini Liuanga, Mosese Mahoni, Kelekolio Makalio, Khorie Makapelu, Rita Marsh, Corey Marshall, Kirsty Michell,<br />

Shasta Mishra, Petty Mistry, Asif Mohammed, Memory Napa, Talau Paila, Luke Paine, John Palelei, Jayshree Patel, Manoj Patel, Saurabh Patel, Filipe Peini, Kashween Prakash,<br />

Cameron Price, Shane Pullen-Burry, Armani Rajan, Daityn Rajan, Kumar Rajan, Nadia Rangi, Miyah Reynolds-Sinel, Daniel Riddell, Lloyd Rivers-Smith, AJ Roache, Jens Van Der Sanden,<br />

Jordan Sa'u, Vincent Saulo, Roy Savage, Veta Savage, Jatin Shah, Anith Sharma, Ronesh Sharma, Wesley Siakumi, Bali Singh, Gurdev Singh, Gurpreet Singh, Himmatveer Singh,<br />

Jai Singh, Jatinder Singh, Lakhbir Singh, Navjot Singh, Palwinder Singh, Sahib Singh, Lesley Smith, Michaela Smith, Mike Smith, Peter Smith, Aaron Somerset, Toby Storey,<br />

Tauaese Tauaese, Noreen Taurua, Jonevan Togiamana, Manulua Toilalo, Finau Toki, Tusi Toloa, Alex To'oala, Jennifer Tuhi, Teresa Tuhi, John Tui, Fisa Tu'imana, Tasa Tupou, Joseph Tuputala,<br />

Joseph Tutuila, Fred Ulberg, Vosa Vaihu, Andrew Waenga, Quintin Waite, Zoe Wilkinson, Alfred Williams, Edward Williams, Analeea Williamson,<br />

Ubaid Zahidani. DAILY FREIGHT CHRISTCHURCH Nikala Abernethy, Phillip Brosnahan, Paul Chatterton, Dylan Choie, Louis Clayton, Susan Davies, Craig Dixon, Joe Doyle,<br />

Francois Du Plessis, Froukje Edzes, Hanna Ellingham, Jackson Fiaalii, Robbie Freebairn, Kyan Golding, Joshua Green, Maia Hape, Alexander Harris, Ross Hawken, Sean Henshaw,<br />

Thomas Hira, William Holden, Poihakena Huia, Taylor Kitto, Mohit Kumar, Joseph Laygo, Daniel Lidgett, Spencer Lindsay, Mathew Lisk, Glen Lloyd Jones, Cherlaine Mason, Mary Maxwell,<br />

YET AGAIN OUR PEOPLE HAVE RISEN TO THE MANY<br />

CHALLENGES OF THESE EXTRAORDINARY TIMES.<br />

To our global team of 10,393, thank you for your loyalty, tenacity,<br />

imagination and commitment to doing more and going further<br />

for our customers and our company, often with less resource.<br />

Those of you who have joined our team during the year, welcome.<br />

You are now a valued part of a business that thinks on its feet and<br />

thrives in times of adversity.<br />

With everyone working under unimaginable pressure at times,<br />

you’ve made the impossible, possible. You have helped write an<br />

unforgettable chapter in <strong>Mainfreight</strong>’s history, and reinforced our<br />

belief in Special People, Special Company<br />

… AND WE COULD NOT BE MORE GRATEFUL.<br />

CARLOS GILES AND SANDRA CASTILLO, CHICAGO, USA<br />

Liam McBreen-Smith, Lachlan McGhie, Brittany McGill, Kane McGrath, Tanitia Moana, Sam Morton, Steve Moule, Jayne Munslow, Sarah Munslow, Nikki Oliver, Michaela Otene,<br />

Setafano Pahulu, David Parker, Charles Pearson, Kataraina Peeti, Fraya Popenhagen, Cobus Potgieter, Tara Price, Tom Renton, Tony Ringdahl, Rachel Rupapera, Harry Saryanu,<br />

Dennise Sepulveda, Arvin Singh, Damon Singh, Lakwhinder Singh, Pampreet Singh, Pargat Singh, Tarvinder Singh, Yuvraj Singh, Navreet Singh Bindra, Gurinder Singh Parmar,<br />

Inderjeet Singh Sran, Deborah Smith, Craig Stewart, Carl Stringer, Maryanne Togia, Dhananjay Trivedi, Peter Trolove, Kurtiz Visser-Hira, Neil Watson, Henry Whyte, Hayden Williams,<br />

Kahu Williams-Murchie, Henry Wright. DAILY FREIGHT WELLINGTON Sam Ede, Rukua Kavakura, Adriano Mello, John Salanoa, Ron Satherley.<br />

MAINFREIGHT ASHBURTON Amber Clark, Peter Esau-Manutai, Meghan Hatley, Yvonne Kirdy, Arvin Mahal, Evan Steel, Kristin Taylor. MAINFREIGHT AUCKLAND<br />

Jon Absolum, Maree Adams, Mataroa Aleta, Faiyaz Ali, Bailee Andrews-Tegue, Hayden Bell, James Bennett, Sukhvir Bhangu, Avtar Bhinder, Jagtar Bhinder, Shailesh Bhuthadia,<br />

Wayne Birch, Callum Blower, Symon Bourne, Debbie Brady, Don Braid, Kym Brett, Carol Brown, Hohepa Brown, Alex Campbell, Rex Campbell, Aaron Chai, Shamal Charan, Jeremy Chin,<br />

Yvonne Chissell, Milan (Snr) Cihak, Renata Cihakova, Dianne Clemens, Dylan Colbert, Paul Cole, Antonio Collings, Scott Collings, Catherine Collins, Kevan Collins, Phoenix Collins,<br />

Nikki Cooper, Lucy Corbin, Simon Cotter, Edward Creedy, Rob Croft, Robert Croft, Tracy Curtis, Jayesh Daji, John Dash, Alvin Datt, Michael Delamere, James Delana, Martin Devereux,<br />

Samuel Dharmaseelan, Joshua Doak, Alan Edwards, Katarina Ene, John Eshuis, David Evagelia, Craig Evans (for old times’ sake), Christina Ewe, Ryan Eyre, Semisi Fa'asisila,<br />

Henry Faatoatoa, Samuel Falakiseni, Lanuola Fesolai, Taufalele Fifita, Jonathon Fitzgerald, Robbie Foggin, Heaven Ford, Felix Fotunga, Kevin Gee, Carl George, Jamie Gillett,<br />

Jonathan Gravatt, Mitch Gregor, Helen Harden, Mohammed Hassan, Rizwan Hassan, Joshua Haunga, Yi He, Ana Henry, Boris Hirawani, Charlotte Hoeft, Charlotte Horder,<br />

Carl Howard-Smith, Candy Huang, Tu Hubbard, Connor Hull, Georgia Hulls, Hamish Hyde, Graeme Illing, Matt Irvine, Wayne Isaako, Chris Isaia, Tessa Jenkins, Emma Katavich, Nic Kay,<br />

Taylor Kerr-Charnley, Mo (Sarfraz) Khan, Hardeep Singh Khosa, Raghu Khurana, Michael Kokaua, Shalini Kumar, Sonal Kumar, Lowrance Lal, Marshneel Lal, Omeksh Lal, Mark Lane,<br />

Michael Lea, Wilson Li, Ida Limoni, James Luddington, Kris Maddaford, Riccardo Makiteiaa, Karam Mangat, Sarah Mann, Corina Mareela, Kane Mareela, Robert Mareela, Terry Mariner,<br />

Glenn Matthews, Vaughn McDonald, Rachel McKenzie, Jodi McLaren, Junior Meatuai, Thomas Merriman, Zierra Misiaita, Bryan Mogridge, Dennis Morar, Shaun Morrow, Max Muaulu,<br />

Chicago Nairn, Lui Naoupu, Millie Neioti, Alan Neithe, Megan Nel, Mark Antony Nisbett, Zedekiah Nuku, Charles Oswald, Maureen Paine, Evelyn Pak, Chris Park, Kate Parsons,<br />

Kinjal Patel, Mayurkumar Patel, Sietal Patel, Lisa Pearce, Angel Penewiripo, Whatia Penu, Maurie Phillips, Prasneel Pillay, Bruce Plested, Adrianne Pongi, Shayne Porter, Bimal Prakash,<br />

Pranil Pranil, Avikash Prasad, Richard Prebble, Rowan Preston, Ruth Puailiu, Soma Puleheloto, Craig Radich, Matangaro Ramea, Nileshni Rattan, Nina Reddy, Nathan Reed,<br />

Cameron Reibel, Paul Riethmaier, Miracle Ropati, Palangi Ropati, Mohammed Saheem, Raman Saini, Vickram Saini, Muhammed Saleem, Georgina Sanders, Tarlochan Sarai,<br />

Mohan Sekhon, Carolyn Sim, Donna Sim, Harry Sima, Amandeep Singh, Amarjeet Singh, Avtar Singh, Jasdeep Singh, Jaswinder Singh, Jobanjeet Singh, Narinder Singh, Shaminder Singh,<br />

Navi Singh Sidhu, Julie Slessor, Dansey Smith, William Smith, Alice Solomona, Brooke Stephens, Kendal Stratford, Jason Street, Rhys Stunell, Joshua Sutherland, Nathaniel Swney,<br />

Bronwyn Symons, Sheena Symons, Sjarn Tagoai, Alavina Taimalie, Jah-Milla Taitin, Jamane Tarau, Tuaine Tarau, Meleana Taufa, Suzanne Taunton, Thomas Tetai, Anthony Tipene,<br />

Easter Tiute, Bryan Tohi, Luke Tohi, David Tolson, Paul Tolson, Taylor Tolson, Kevin Tram, Eddie Tuhakaraina, Lathaniel Tuiatara, Lee Tuimauga, Sepiuta Tuipulotu, Moses Tutone,<br />

Malcolm Variava, Ethan Verner, Karen Vuetibau, Bradley Wearing, Mellissa Wearing, Daniel Wells, Debbie Williams, Rob Williams, Tim Williams, Scott Wilson, Jareth Wong,<br />

Hamish Woods, Harry Yang. MAINFREIGHT BLENHEIM Bronson Albert-Tawa, Murray Batchelor, Lyndal Coates, Alex Cochrane, John Falconer, Kendra Gill, Peter Jones,<br />

Janet Landon-Lane, Christopher Mealings, Luke Paul, Andrew Pillans, Rhonda Pillans, Dean Piper, James Rooney, Amanda Sanft, Shane Smythe, Courtney Stevenson,<br />

Ratana Te Kanawa, James Thompsett, Steve Vanderlay. MAINFREIGHT CHRISTCHURCH Tyrell Anna, Darren Bernhardt, Debbie Blackburn, Dean Buick, Sophie Carr-Paterson,<br />

Chad Chamberlain, Donald Chamberlain, Rhys Chamberlain, Egon Chmiel, Rhyl Cole, Alicia Coles, Robin Cook, Sue Cook, Michael Crawford, Sally Dalzell, Haigh Damian,<br />

Luke Davey, Zac Davis, Kelly Dean, Megan Delaney, Owen Donald, Jessie Eastmond, Lauren Faass, John Ferguson, Grant Forbes, James Foster, Steven Grace, Mike Griffiths,<br />

Kris Hickey, Lewis Hofland, Dean Jiang, Desiree Jones-Jackson, Singh Kamaal, Tony Kerr, Patrick McGillivray, Robert McGillivray, Laurie McMahon, Colin McTurk, George Mirfin,<br />

Kaylib Moana, Mark Nicol, Connor Oberndorfer, Ashton O'Neil Morel, Donaghey Paige, Singh Parvinder, Darryl Reid, Ian Reid, Tracey Rickard, Ram Rinku, Jamie Roberts, Brett Rodgers,<br />

Jenna Rowe, Kieran Rowe, Ben Sharp, Thomson Shelley, Harjit Singh, Jatinder Singh, Lovedeep Singh, Sarwan Singh, Connor Stanley, Geoff Tangney, Lindsay Thomas,<br />

Sridhar Thutkuri, Russell Waters, James Whittle, Jason Woods. MAINFREIGHT CROMWELL Paul Arras, Geoff Baird, Diane Carter, Brett Colins, Brown Harrison, Mann Jason,<br />

Zarik Khan, Jordan Lilley, Yvette MacLennan, Nathan McEldowney, Andrew McFazdien, James McMeekin, McAlister Mike, Stephen Monaghan, Sarah Neumann, Hinton Osborne,<br />

Paula Perkins, Kumar Rajneel, Jonathan Rimmer, Edge Shaun, Aveneel Simon, Hawinder Singh, Tim Stewart, Kamra Tarun, Rosslyn Todd, Hamish Wilkinson.


35 36<br />

MAINFREIGHT DUNEDIN Tania Ager, Nathan Anderson, Alf Bell, Josh Bottomley, Justin Boylen, Tim Brasier, Jeff Bryant, Brandon Burke, Warren Cherry, Barry Clark, Graeme Clark,<br />

Brendan Clyne, Rex Edwards, Ryan Edwards, Hanna Ferguson, Carl Gardner, Fiona Guildford, Ryan Henderson, Thomas Inia, Taylor Jackson, Kamm Kawau, Melissa Kawau, Matt Keane,<br />

Paul Knight, Alanna Kotkamp, Jared Kwiat, Andrew Laurie, Stephanie Laurie, Glen Lloyd-Jones, Andrew Loveard, Reece Madden, Josh Maxwell, Leah Maxwell, Amy McAuliffe,<br />

Hayley McAuliffe, Doug McElhinney, Mark McElhinney, Natalie McElhinney, Delaney McKenzie, Doug Melrose, Matthew Murphy, Alana Mutch, Cameron O'Connell, Jayden Penese,<br />

Cameron Power, Yoland Power, Tau Rangi, Alan Ravenwood, Brodie Reid, Kate Roach, Tony Russell, Kyle Rutherford, Mark Smith, Steven Smith, Robert Stout, Hamish Thom,<br />

Keiran Troy, Warren Turner, Ryan Van Der Lem, Faith Waho, Jason Waho, Natalia Waho, Mitchell Wallace, Kelly Wilson, Lindsay Wilson, Lucy Wispinski,<br />

Andrew Zyskowski. MAINFREIGHT GISBORNE Kimberley Adams, Peter Archbold, Wietske de Groot, Neville Forster, Rusti Green, Adam Hohepa, Bryan Hohepa, Jackee Huhu,<br />

Huri Kahaki, Lopeti Kaloni, James Kotuhi, Wayne Lee, Kevin Marsh, Andrea Mill, Anthony Ngaronoa, Nekita Pineaha, Sally Taylor, Teuri Te Pairi, Heath Woollett.<br />

MAINFREIGHT GORE Emily Bower, Alanna McLean, Ryan McLean, Shekhar Nyalapatla, Jagroop Singh, Jake Swindells. MAINFREIGHT GREYMOUTH Danny Baker,<br />

Andrew Havill, Cory Hill, Moana Johnsen, Keith Lavery, Scott Lemon, Jamie McGeady. MAINFREIGHT HAMILTON Dekota Adams, Mohammed Ali, Sairaz Ali, Jake Allen,<br />

Ashley Andersen, Cody Atkinson, Shaun Atkinson, Jimmy Baker, Leviticus Barnes, Patrick Barton, Bailey Bell, Andrew Bennett, Harnek Bhangoo, Madison Blank, Jennifer Bramley,<br />

Satinderjit Brar, Joseph Brickland, Roger Bright, Timothy Brocas, Robert Bryers, Bianca Burge, Sam Cairns, Kirwan Carter, Steve Carter, Saphire Cassin, Ashnil Chand, Kade Christian,<br />

Lennox Christie, Barry Clifford, Cruz Coburn, Daniel Collier, Kylie Cramond, Mark Cramond, Christina Dalgety, Paora Dennis, Raana Dennis, Randall Dennis, Ashleigh Devine, Neil Douch,<br />

Robert Douch, Kieran Draper, Bradley Duncan, Stuart Eaton, Takirua Edwards, Donna Everaarts, Jaak Everaarts, Nikolette Fahey, Paul Fahey, Mele Fonua, Anna Fonua-Haggie,<br />

Wayne Forsyth, Timothy Gage, Brandon Gannaway, Simon Glenn, Wayne Goodwin, Kiran Gower, Sean Graham, Arthur Green, Melanie Greenbank, Jimmy Gregory, Andrew Hall,<br />

Jordan Halse, Janette Hansen, Grant Hardacker, Carl Harney, Eilaina Harris, Jay Harrison, Lamayne Heke, Aubrey Hicks, Carlos Hicks, Elliot Hira, Russell Hober, Tony Holes, Phillip Holmes,<br />

Richie Ioane, John Irwin, Rahul Jaidka, Maurice Jarrett, Maia Jessop, Mathew Jessop, Murray Johns, Anna Jones, Kevin Judge, Andrew Kaan, Taranjit Kalkat, Russell Kane, Honey Kapoor,<br />

Melanie Katu, Denise Kearns, Alexander Keen, Harjinder Khatkar, Haami Kingi, Amy Knuth, Jaskaran Kohosa, Chandre Koole, Sharn Kopu, Ritesh Kumar, Depak Kumer, Tom Kumitau,<br />

Manase Lavemai, Denis Laws, Nicola Laws, Keegan Lewis, Jasiah Love, Michael Lucas, Tamieka Macdonal, Hamuera Mackey, JulieAnne Madden, Jagjit Malhi, Richard Manuatu,<br />

Fraser Marychurch, Sam Marychurch, Bronson Materi, Peter May, Benjamin McBride, James McBride, Brendon McCutchan, Conroy McGarry, Peter McIntyre, Toby McLean,<br />

Karen McLeod, Lindsay Meredith, Tama Merrilees, Bethany Miller, Whetu-Moses Miringa, Amittai Mita, Logan Mitchell, Martin Moala, Hadleigh Morgan, Aleisha Morris, Matt Mountney,<br />

Richard Mountney, Dhirendra Naresh, Jonathon Ngakuru, Azzan Ngaruhe, Marie Oliver, Pedro Paniora, Alex Perez, Tuariki Plowman, Mark Poata, Jayden Pollock, Suresh Prasad,<br />

Anne-Marie Pratt, Shane Pratt, Presley Purcell, Lawrence Purchase, Dean Ralph, Sean Ralph, Prashant Ram, James Ranapiri, Sanjay Reedy, Tannyin Reeves, Darren Richardson,<br />

Jeanna Richardson, Robb Ridle, Katahn Samuel, Harwinder Sandhu, Vaughn Sargent, John Scandlyn, Debbie Schollum, Jordyn Schollum, Ryan Schwarski, Brendon Scott, Jesse Scott,<br />

Rahul Sharma, Carson Shea, Nohman Shinwari, Gurwinder Sidhu, Rajpreet Sidhu, Annette Sila, Ajeet Singh, Amandeep Singh, Dushyant Singh, Gurkirat Singh, Gurpreet Singh,<br />

Gurpreet Singh, Gurwinder Singh, Hakam Singh, Hardeep Singh, Harjit Singh, Harmanpreet Singh, Harpreet Singh, Harsa Singh, Jaskarn Singh, Jaspreet Singh, Jitender Singh,<br />

Karanbir Singh, Lovepreet Singh, Nasib Singh, Parminder Singh, Parminder Singh, Pervinder Singh, Pradeep Singh, Pushpinder Singh, Satpal Singh, Satvir Singh, Simerjit Singh,<br />

Sukhjinder Singh, Sukhvir Singh, Sandeep Singh, Rupinder Singh Sidhu, Neil Smith, Shaun Smith, Kyra Smith, Samuel Smith, Ross Snowdon, Potini Soutar-Nicolson, James Spellman,<br />

Greg Camenzind, Alanna Campbell, Jacob Carroll, Anthony Chadwick, Darren Chadwick, Dean Chadwick, Lance Chadwick (for old times’ sake), Dipak Dayal, Rajiv Deol, Wayne Ellis, Jayemi Emery,<br />

Neville Emery, Peter Flett, Kylie Foreman, Arshdeep Garcha, Callan Gear, Gary Glen, Jordan Golding, Edward Hemara, Piko Hemara, Ray Hewlett, Craig Hine, Nathan Hobart, Oliver Hutchby, Mark Jones,<br />

Tristan Kempthorne, Sheldon Kereopa, Brooke Leaver, Tanith Ling, Warren McKee, Marcel Milner, Logan Mitchell, Cambridge Moore, James Morgan, Riki Ngatai, Toni Pahl, Karl Pomare, Chris Reti,<br />

Jerry Robinson, Connor Rocard, Chantelle Roolvink, Kendra Rowe, Pitcha Ryan, Bikramjit Sangha, Bevan Scott, Amanjeet Singh, Harry Singh, Charanjit Singh, Hardeep Singh, Harkaranjit Singh,<br />

Jay Singh, Mandeep Singh, Prince Singh, Ranjit Singh, Davinder Singh Dhillon, Inderjit Singh Sidhu, Leroy Smith, Shahn Smith, Keegan Stewart, Dale Swainson, Grace Swindells, Doug-Lee Tarau,<br />

Kelvin Teasdale, Caitlin Tomlinson, Raymond Tucker-Hoogstraten, Lee Tuhura, Ivana Wallsgrove, Chris Webb, Maurice Webb, Tom Wells, Jason Wihapi, Clive Wilson, Michael Woodham, Tracey Wright,<br />

Suresh Yadav. MAINFREIGHT THAMES Christian Bill, Phil Frost, Tracey Hayes, Kaelon Hill, Ryan Kennedy, Ritesh Kumar, Yogi Kumar, Lance Paul, Robbie Paul, John Reynolds, Lindsey Rund,<br />

Maurice Watson, Ash Wearing, Chris Wearing, Mark Wearing. MAINFREIGHT TIMARU Benjamin Allan, Paul Boa, Jarrid Cooper, Marcia Doudle, Cameron Downer, Andrew Drummond,<br />

Hollie Duncombe, Dave Ennis, Liam Evans, Josh Gilmour, Cameron Gridgeman, Geoff Kerr, Ricky Krause, Charlie Mansfield, Kevin McElhinney, Renae McMillan, Alan Moss, Melissa Nolan,<br />

Leon & Nadine Pirake, Jimmy Reuben, Matthew Russell, Amanda Sanders, Shannon Sim, Abbey Trusler, Brooke Wilkie, Stacey Williams. MAINFREIGHT WELLINGTON Royce Aiolupotea,<br />

Harmandeep Alias, Bradley Allen, Tyrall Allen, Chester Amatorio, Craig Armstrong, Duan Badenharst, Brij Bhatt, Poshraj Bhattarai, Brijbhushan J. Bhatt, Rojan Bhattarai, Keegan Biggans, Henry Birch,<br />

Deepak Bisht, Dempsey Broad, Isaiah Brooker, Senatoa Brooker, Sarah Brown, Sally Bryant, Annabelle Carpenter, Charlotte Carpenter, Jaswin Vikash Chand, George Chapman-Reynolds, Alan Chorlton,<br />

Tama Coker, Paul Connolly, Samantha Coombes, Max Cottle, Matt Dalton, Quentin Daniel, Harry Davey, Samuel Davies, Greig Dean, Shaun Dennis, Azadbir Dhaliwal, Harpal Dhanjal, Rajat Dhingra,<br />

Bob Dougherty, Wayne Duff, Josh Evans-Patterson, George Falloon, Keenan Fincham, Seila Fiso, Tatjiana Fiso, Max Frear, Cameron Freebairn, Steffan Fry, Amie Gentle, Polly Gibbs, Hunter Graham,<br />

Mohit Gumber, Ethan Hakaraia, Matthew Haskell, Tayla Haskell, Anna Hastie, Pat Henderson, Katelyn Henshall, Katelyn Henshall, Teddi Hern, Kate Hoar, Callum Holdaway, Casey-John (CJ) Holland,<br />

Oliver Horn, Jordan Houpapa, Scott Hugo, Xavier Ikenasio, Leon Jahnke, Heath Jordan, Daniel Jupp, Kaitlyn Kandralides, Ashlynne Kiernander, Maresa Kilepoa, Nikeel Kumar, Dominic Laforteza,<br />

Kevin Lampert, Nathan Lee, Ian Logie, Sean Love, Alexander Lowcay, Alex Macdonald, Migle Mackay, Abhishek Makwana, Ashleigh Marr, Robert McGrath, Thomas Mckay, Liam Menheere,<br />

Stephen Miles, Alan Mills, Roccardo Moe, Herini Moeahu, Isabella Mohi, Jack O'Halloran, Vijay Patel, Oliver Perkinson, Kelvin Persson, Francis Phillips, Greg Piper, Kristy Powell, Sanjeen Prasad,<br />

Wriggly Prasad, Junior Preston, Jade Priest, David Priestley, Lee Puepuemai, Jeremy Rawiri, Dennis Reynolds, Amanda Roberts, Diane Roberts, Paul Roberts, Scott Roberts, Tony Roberts,<br />

Kaitao Rota, Siborne Rowland, Amar Roy, Stacy Ryan, Sukhbeer Sacndeva, Sukhjit Sandhu, Andrew Schofield, Pisa Seala, Papeete Ino Seuseu, Rajat Sharma, Varun Sharma, Emma Shortall,<br />

Lynette Sinden, Abhishek Singh, Gurinder Singh, Gurvinder Singh, Harkamljit Singh, Harminder Singh, Mandip Singh, Manmohit Singh, Manpreet Singh, Parminder Singh, Prabhjeet Singh,<br />

Sharanjit Singh, Sukhdeep Singh, Sukhmandeep Singh, Harman Singh Gill, Nicholas Sommers, Temuera Southon, Vern Stevens, Zachary StirlingBeattie, Ashley Stunell, Phillip Tamatea, Rios Taramai,<br />

James Taroa Swan, Taina Te Aonui, Peter Te Ngahue, Greg Te-Kura, Tearii Teono, Deep Tewar, Stuart Thorn, Gurpreet Toor, Alex Tufele, Craig Tuiala, Daniel Tupene, Tau-PaoPao Va, Jade Va'auli,<br />

Barbara Vincent, Bob Vincent, Matt Walker, Sean Wallace, Tevita Waqasokolala, Dane Whanarere, Haedyn Wicks, Erin Wood. MAINFREIGHT WHAKATANE Mary Kilgarriff, Kayne Newman,<br />

Wharetini Rangi, Henare Tautari, Mikaela Walker-Harris. MAINFREIGHT WHANGANUI Gabrielle Adams, Lynden Adams, Jono Aiavao, James Albert, Kane Bass, Matthew Boosey, Daryl Edmonds,<br />

Sarah Hayward, Vanessa Johnson, Ricky Katene, Jason Kibblewhite, Kara McLachlan, Tane Ratana, Libbie Rowlands, Jonathan Rudolph, John Shaw, Gurpreet Singh, Steven Steele, Brian Williams.<br />

MAINFREIGHT WHANGAREI Kasandra Albert, Lauren Ambler, Hearn Anita, Manon Austin, Todd Beehre, James & Heather Bond, Rebecca Brady, Johnson-Curry Brooke, Iose Brown, David Bryant,<br />

James Cassidy, Simon Cauty, Danni-Jane Cole, Ian Collings, Terry Coopman, Andrew Davies, Jeremy Elliott, Chris Francis, Michael Goodwin, Damon Griffin, Singh Gurpreet, Charles Hamilton,<br />

Darrel Stevens, Mike Stockley, Trey Stockley, Sam Sullivan-Laws, Beau (Murray) Taipari, Jhan Taranaki, Quade Taranaki, Kenneth Tarei, Andy Taunga, Trudy Te Aho, Lakeisha Tipene,<br />

Vila Toopohe, Raymond Tucker-Hoogstraten, Marcus Tumai, Dave Underhill, Jodi Vaughan, Aisake Veatupu, Kristie Wade, Anthony Walsh, Bridget Walsh, Conrad Watts, Paula Watts,<br />

Tyne Watts, Jessica Webber, Jacob Weherua, Jack Wells, Tom Wells, Daniel White, Robert Wichman, Steve Wildbore, Jonathan Zwart. MAINFREIGHT INVERCARGILL Sarah Acker,<br />

Steve Acker, Roy Algar, Sandra Beatty, Bailey Bishop, Tara Buckley, Jackie Buckley Gray, Robin Davids, Richard Dimmock, Jason Gray, Steven Kenny, Hannay Lapana, Sharmila Lapana,<br />

Kaysha Marie, Richard Marley, Eli Meuli, Keanu Ormond, Ethan Reti, Dean Reynolds, Nathan Reynolds, David Searle, John Searle, Gurinder Singh, Lovepreet Singh, Tyler Wainui-Murray,<br />

George Watkins, Ross Wells. MAINFREIGHT KAITAIA Hayden Bradford, Trent Collins, Awa Davis, Bob Larkins, Tania Pere, Zachary Phillips, Soane Riggs, Kurt Tahu, Wataa Twaddell,<br />

Hafe Vilitama. MAINFREIGHT LEVIN Trevor Chambers, Iestyn Cooney, Kate Davy, Nicole Graham, Greg Howard, Jade Hunter, Mohit Kumar, Steve Love, John Paul Magill,<br />

Ross McDonald, Beau McLeod, TeHema Meroiti, Tyrone Militch, Keri Monk, Nakita O'Sullivan, John Rae, Andrew Rankin, Rob Renwick, Jamie Sanson, Prisca Stojanovic, Jordan Te Momo,<br />

Apirana Toheriri-Hallett, Albert Tovio, Peter Waho. MAINFREIGHT MASTERTON David Comfort, Tracey Hoare, Andrea McCafferty, Shane McDougal, Kyle Morris, Glenn Murphy,<br />

Topas Robinson, Kaine Sporry, Gary Strang. MAINFREIGHT NAPIER Daniel Ambrose, Gavin Andrews, Davis Ashton, Kelly Barnett, Alan Black, Anthony Black, Loran Bythell,<br />

Kaylene Corin, Jamie Cross, Ashton Davis-Wallace, Janine Dobbs, Grenville Eddy, Michael Edge, Nathan Foster, Jayme Francis, Samuel Gallagher, Fraser Garnett, Shane Gilmour,<br />

Tui Haami, Harlem Hagen, Jacob Harrison-Daley, Boston Heaps, Mitch Hill-Cox, Adam Jackson, Zachary Leeman, Caleb Mackay, John Mackay, Lesley Matheson, John Montgomery,<br />

Henare Morton, Nicholas Neilson, Kaye Ngapera, Richard Nimon, Kerryn O'Neill, Fee Orviss, Carly Parker, Jenny Pedersen, Gerard Phillips, Ryan Plowright, David Quickenden,<br />

Scott Russell, Glen Scott, Darryn Scurr, Jigs Shingala, Shelton Stok, David Storey, Noel Stubbs, Kaleb Tawera, Mark Truuts, Blair Turvey, Deepak Verma, Craig Walker, Shannon Wano,<br />

Julian Ward, Bill Whyte, Heath Zachan. MAINFREIGHT NELSON George Abernethy, Kwaid Ah-Hoi, Mitch Bailey, Damon Barraball, Kynan Bezett, Letisha Bilson, Paul Brown,<br />

Andrew Charllies-Symmes, Simon Davis, Richard Devine, Baileigh Duggan, Corey Duncan-Wall, Chris Edwards, Dan Edwards, Charlotte Gordon, Tristan Gornall, Aimee Groome,<br />

Karyn Hawkes, Emma Hodgson, Raman Kumar, Tayla Lee, Glen Markland, Ruby Morrison, Kane Mulder, Tracey Mutton, Sebastian Norton, Caleb Rodgers, Rohit Saini, Michael Savage,<br />

Reg Thompsett, Graeme Towns, Charlene Wells, Wayne Westall, Brett Yates. MAINFREIGHT NEW PLYMOUTH Hannah Abraham, Wiki Abraham, Jess Burkhart, Mark Casey,<br />

Jonathan Davies, Cori Delves, John Edgar, Aaron Farley, Logan Farley, Sonia Farley, Tim Farley, Michael Feigler, Ryan Gadsby, Simon Harris, James Haunui, Aidan Hook, Zane Kahukuranui,<br />

Benjamin Leaf, Clayton Leaf, Reuben Mason, John Mckenna, Brittany Mewes, Cody Miller, Kyle Miller, Tara Miller, Joel Paki, Rick Payne, Johnny Pepperell, Lane Powell, Herepete Robertson,<br />

Marcus Russ, James Saunders, Tracey Schroeder, Joseph Schulder, Steven Short, Tony Smith, Caeten Streat, Michael Sutton, Dylan Wheatley, Hinewai Wikaira, Cain Wild, Kyle Williams,<br />

Cara Young. MAINFREIGHT OAMARU Paul Johnston, Marie Lawrence, Grant Matthews, Leighton Rutherford, Ewan Seagar. MAINFREIGHT PALMERSTON NORTH<br />

Jason Adams, Benny Barr, Angela Batt, Matthew Beaumont, Lachlan Blackstock, Amelia Burns, Brett Carr, Michaela Caulton-McNabb, Francis Chambers, Stuart Connell,<br />

Henare Cunningham, Kyjuan Cunningham, Lorryn Mae Dalzell, Raven Dean, Oscar Deighton, Aaron Dicker, Valerie Dyer, Mike Eden, Troy Falcon, Ernest Felton, Jaimee Fowles,<br />

John Fraser, Sam-Ross Gilman, Jamie Graham, Judith Graham, Marsh Graham, Nicole Graham, Suzan Graham, Nasoni Havea, Michaela Hemopo, Wayne Hemopo, Jordan Henare,<br />

Windsor Honotapu, Andre Kauri, Archie Kauri, Reimana Kauri-Warner, Jonty Kells, Mohammed Khan, Paul Kimhiong, Tuhi Kimura, John King, Jerome Komene, Paul Kremmer,<br />

Rex Lambert, Josh Lawton-Sue, Michael Mackley, Ezekiel Makowharemahihi, Pita Marshall, Cody Mason, Ian Mayne, Rebecca McBride, Rob McDougal, Robin McNabb,<br />

Justyn McQuade, Charlotte Minett, John Mitchell, Tracey Mitchell, Jessica Mudgway, Keith Mudgway, Lesley Murphy, Elia Ngaheu-Baker, Nathan Ngametua-Smith, Jaymahl Ngaruhe,<br />

Josh Nicholson, Michael O'Neill, Scott Payne, Cameron Potts, Ray Prideaux, Etu Rongotaua, Tua Ropati, Byron Rowlands, Elvis Rowlands, Caleb Satterthwaite, Korey Satterthwaite,<br />

Matthew Sherlock, Gurinder Singh, Gurlal Singh, Preetpal Singh, Ramanjot Singh, Satpal Singh, Vijay Singh, Ranjit Singh Brar, Georgia Staddon, Wendy Stewart, Bryan Taiaroa,<br />

Katrina Taiaroa, Akaina Tairea-Thompson, Dorothy Taylor, Callum Thwaites, Michael Tunnicliffe, Edward Waho, Temau Waho, Chelsey Watson-Fryer, Summar Wiggins-Gray, Tre Wihongi,<br />

Wayne Wildbore, Randall Williams. MAINFREIGHT ROTORUA Greg Barton, Ricky Bishop, Manasa Bole, Gregg Conning, Trevor Crallen, Gary Dunseath, Dave Farrell, Carl Gage,<br />

Marley Grant, Claire Harney, Kawana Hemara, Roger Hope, Benjamin Jenkins, Raena Lacey, Talya Macredie, Francis Maxwell, David McGregor, Patrick McLean, Aaron McMahon,<br />

Noah McMahon, Randal Mcmahon, Serene Moke, Hamish Orford, Ben Palmer, Mark Print, Andrew Robb, Karli Searancke, Martin Searancke, Vikramjit Singh, Travel Taura,<br />

Metera Te Aonui , Taylor Te Aonui , Marc Te Ture, Matthew Thompson, Luke Van Der Leeden, Logan Williams. MAINFREIGHT TAUPO Brayden Adie, Tony Hurunui, Nick Hyde,<br />

Jenny Payne, Te Kaireka Puhia, Brendan Smith, Kapi Tupe, Louisa Vaea, Jonathan Vaughan, Graham Wiggins. MAINFREIGHT TAURANGA Hannah Abbott, Alan Allport,<br />

April Barlow, Nathan Barnes, Edward Beazley-Cook, Gurdeep Behal, Colin Belk, Richard Benseman, Carl Bergersen, Adrian Betterton, Troy Bidois, Te Ao Billing, Brent Brosnan,<br />

Brendon Harris, Levi Harris, Carl Hawkins, Duane Herbert, Josh Hoek, Joshua Hoek, Matt Hudspith, Lesley Huia, Brown Iose, Tim Kawana, Tekauapai Ane Kofe, Raj Kumar, Pieter Lambrechts,<br />

Ross Macdonald, Murphy Mahanga, Te Maawe (Murphy) Mahanga, Danielle Martin, Gavin McCleary, Lee McCullough, Craig McKenzie, Allen McQuinn, Jade O'Connor, Tim Ottenhof, John Paul, Willie Paul,<br />

Dante Poasa, Robert Poasa, James Poulson, Tai Riini, Ritesh Ritesh, Kevin Roberts, Philip Rogers, Sandhu Sahib, Sahib Sandhu, Ihaka Semenoff, Brown Shontaye, Jarred Simpson, Kane Sketchley,<br />

Rebecca Sketchley, Wayne Stacey, Willie Tae, James Thompson, Nga Tito, Jamie Williams, Andrew Wood, Joe Yearbury. MAINFREIGHT AIR & OCEAN AUCKLAND Michael Aldridge,<br />

Sheik Ali, Tiaz Ali, Keegan Ashdown-Inia, Behnaz Bahmani, Darren Barboza, Mark Belfiore, Saskia Bemelman, Matthew Beveridge, Hayden Breen, Kirsty Bristol, Michael Brough, Finn Buckeridge,<br />

Sonya Buckle, Penelope Burt, Jack Casey-Pickering, Liz Castillo, Wilsyn Chang, Brian Chen, Tracy Cleven, Tanya Cole, Diego Cueto, Christine Cullen, Jennifer Daji, Jeremy Davis, Lara De Wet, Sean Dillon,<br />

Shane Douglas, James Dunbar, Tarryn Dunn, Mei-Ling Faitau, Molly Flowers, Nidheesh Gangadharan, Mark Glover, Samantha Grieve, Jordan Gunn, Canoe Halagigie, Manu Halagigie, Shannon Hegan,<br />

Steve Hendry, Alessea Herrick, Christina Jones, Jason Kim, Kura Kiria, Anit Kumar, Rajenesh Kumar, Catherine Le Vert, Emily Liang, Jing Ling, Anu Manga, Ben McNicol, Rumi Mistry, Lisa Mitchell,<br />

Erika Mizusaki, Christian Moral, Nicole Muir, Phillip Nelson, Karlene Ngarouru, Chrysula Nionakis, Davis Palmer, Allen Pan, Leslie Pan, Jasmine Paul, Benjamin Pearson, Joel Pereira, Jane Peyroux Arthur,<br />

Daniel Plested, Amanda Pritchard, Kahlia Ranby, Rachael Richardson, Karen Roberts, Robert Samuels, Sonny Sarwara, Luke Seabrook, Corey Seator, Harshad Shinde, Harmandeep Singh,<br />

Rashni Singh, Charlie Sione, Louie Skerman, Matthew Small, Karen Smith, Nicky Smith, Arwen Tao, Tyson Tapuosi, Patrice Temanu, Celia Tepania, Andrew Thomson, Alexander Tiputoa, Steven Tooley,<br />

Robert Tucker, Iki Vaka, Henry Vaughan, Raju Vegesna, Haree Waiti, Ye Wang, Antoinette Ward, Annette Webb, Nerida Whatmough, Sam Wilkinson, Monalisa Wolfgramm, Will Worthington, David Zhao.<br />

MAINFREIGHT AIR & OCEAN CHRISTCHURCH Katelyn Allison-Dey, Nicole Andrews, Derek Black, Harry Brown, Nicholas Brownlee, Ally Burns, Kevin Coman-Wright, Hayden Cook,<br />

Mark Cotterrell, Flavia Derbyshire, Oliver Dimmick, Craig Edwards, Samuel Green, Paul Hale, Graeme Hulena, Shabin Khattri Chattri, Lorine Lakhan, Flynn Leckie, Michael Louth, Tony Martin,<br />

Jason McFadden, Julie McIlroy, Colin Murchison, Jason Newton, Matt Newton, Sam Nielsen, Jason Nortje, Diana Ospina, Jacinda Potts, Michell Riley, Sarah Robb, Hamish Robertson, Dennis Rowe,<br />

Zoe Ruyters, Harvinder Singh, Robert Stewart, Joel Stuart, Milly Taylor, Karen Waltham, Helen Watson. MAINFREIGHT AIR & OCEAN DUNEDIN Tracey Burrell, Jeffery Foster, Nadene Moore,<br />

James Morrissey, Brent Smith, Mark Willis, Paul Wilson. MAINFREIGHT AIR & OCEAN HAMILTON Kevin Ann, Olivia Clark, Jordan Cox, Deanna Donovan, Renee Dudley, Jonthan Feast,<br />

Lois Finnigan, Hester Gerrand, Carmen Hadfield, Aidan Robson, Georgia Ross, Albertine Woodd, Amber Woodward. MAINFREIGHT AIR & OCEAN NAPIER Anna Middleton, Anne Morgan,<br />

Monique Peary, Krystle Strachan, Eric Sugandi, Jessica Wallace. MAINFREIGHT AIR & OCEAN NELSON Jack Harris, Karyn Hawkes, Emma Hodgson, Megan Lockie, Keely McGillicuddy,<br />

Louise Morten, Belinda van Vuuren. MAINFREIGHT AIR & OCEAN NEW PLYMOUTH Ed Gafney, Eric Menefy, Michelle Romaine, Brock Sibbick, Jill Sorensen. MAINFREIGHT<br />

AIR & OCEAN PALMERSTON NORTH Tim Bray, Paul Foxall, Callum Marshall, Reid Perry. MAINFREIGHT AIR & OCEAN TAURANGA Alex Bardoul, Duncan Byron, James Gatley,<br />

Kayla Hansen, Erica Loe, Robyn McCarthy, Georghia McFeteridge, Nadia Meyer, Julie Scott, Jo Smart, Giovana Tabarini, Jacqui Tecofsky, Shane Williamson. MAINFREIGHT<br />

AIR & OCEAN WELLINGTON Joshua Abel, Erle Betty, Jack Coulter, Natalie Curley, Chrissy Douglas, Paul Fredrickson, Shannon Grice, Nicole Larsen, Robert Little, Scott Matuschka,<br />

Finlay Parr, Sean Paterson, Glenn Perkinson, Scott Rice, Trevor Rice, Emma Shortall, Joshua Voorwinde. MAINFREIGHT AIR & OCEAN WHANGAREI Chris Carmichael, Katrina Nathan,<br />

Jade O'Connor. MAINFREIGHT FTL NORTH ISLAND Jammie-Dee Arakua, Justyce Brown, Chris Collins, Kathryn Creal, Nicole Cullen, Gourav Deep Singh, Prabhjot Dhillion, Paddy Didovich,<br />

Zubin Engineer, Isikeli Fa'Aui, Sione Fatongiatau, Peter Flett, Matt Forno, Ranajit Kamboj, Tee Katu, Matthew Kitchin, Ray Lutherus, Kyla McGregor-Kurth, Sarabjeet Singh Olakh, Amarjeet Pal Singh,<br />

Ashneel Prakash, Avikash Prasad, Ryan Preston, Rajwant Rai, Alan Redfern, Ryan Rossiter, Ritesh Sharma, Vinendra "Vinny" Sharma, Amandeep Singh, Baljeet Singh, Buta Singh, Gurlal Singh, Gurpreet Singh,<br />

Harpreet Singh, Jasdeep Singh, Lovejeet Singh, Manpreet Singh, Navpreet Singh, Rajvir Singh, Sandeep Singh, Sukddev Singh, Harkarandeep Singh Dhillon, Hardeep Singh Gill, Satinder Singh Pannu,<br />

Jaiman Soma, David Stewart, Mike Swindells, Andrew Tautari, Anton Teau, Darren Turner, Kataraina Wright, Sophie Yandall. MAINFREIGHT FTL PALMERSTON NORTH Gordon Bell,<br />

Melissa Burrell, Forbes Campbell, William Faulkner, Alex Fraser, Tim Little, Wendy Little, Larry Odonnell, Cersie Ormond-Stirling, Daniel Pamata, Fredrick Phillips, Waisea Qiokata, Waisea Qiota,<br />

Daryl Stade, David Taufa, Shania Taylor, William Tupara, Justin Wall, John Winton, David Wright, Andrew Young. MAINFREIGHT FTL SOUTH ISLAND Honey Bazarh, Gagan Bhamra, Pete Bradley,<br />

Brett Bramley, Trevor Bray, Andrew Gilmour, Sarah Hendrie, Tim Hitchings, Terry Hucklebridge, Tim Martelli, Lindsay Miller, Gavin Nichols, Mayur Patil, Cobus Potgieter, James Price, Rex Whittle,<br />

Neville Williams. MAINFREIGHT IT NEW ZEALAND Gus Ah-Chong, Tansy Austin, Chance Baker, Michael Balle, Krishan Bhikha, Nilesh Bhuthadia, Henry Booth, Joshua Burrow, Fraser Byfleet,<br />

Matthew Caird, Alice Colenbrander, Jennine Cosgrave, Richard Daldy, Fraser Dawson, Kishan Dhanji, Lukasz Dobrzanski, Lawrence Dunn, Sam Fickling, Debi Fitzpatrick, Jamie Gates, Shaun Gilchrist,<br />

Domingo Gonora, Rahul Gordhan, David Hall, Gary Harrington, Alistair Hughes, Victory Ipiniu, Pascal Janse van Vuuren, Samuel Joe, Bharat Kesry, Mohammed Khan, Nathan Lee, Ainsley Lim, Logan Lim,<br />

Rhoda Malveda, Lucille Matthews, John McStay, Salah Mortazavi, Dineshan Naidoo, Ankit Narotam, Andrew Ng, Caleb O'Leary, Lucy Partridge, Gabriel Price, Dean Puwananuwat, Ange Quedley,<br />

Toby Reynolds, Raagni Sahay, Rene Septimo, Mez Sethna, Dennis Shikhu, Kanwar Singh, Shiv Raj Singh, Pateriki Te Pou, Glen Thompson, Rachael Timmo, Simon Triggs, Roger van Dorsten,


37 38<br />

Ben Walton, John Westerlund, Andrew Wong, Selwyn Wong. MAINFREIGHT METRO AUCKLAND Christine Adams, Hakim Ahmed, Mustaq Ali, Viliami Aloua, Abdul Asheem, Abdul Aziz,<br />

Jatinder Bajwa, Zubin Bhathena, Mikala Burns, Ella Churton, Joel Clarke, Antony Cook, Etesa Cordtz, Thomas Curtis, Varun Dangi, Daniel Eastwood, Campbell Finlay, Teiko Fonua, Aoese Fruean,<br />

Samantha Gaunt, Harmanpreet Gill, Arunesh Goundar, Karunesh Goundar, Mohammed Hassan, Azad Hussain, Naushad Hussein, Riyaz Hussein, Shohell Imam, Inderjit Jaswal, Yogesh Kaundal,<br />

Arfan Khan, Ashaf Khan, Ilfaaz Khan, Nazim Khan, Zeyn Khan, Alvin Kumar, Nishant Kumar, Rahul Kumar, Ravneeth Rinesh Kumar, Hitesh Lakhan, Hirdeshwar Lal, Lolesio Lavelua, Simote Makasini,<br />

Phillip Mauri, Riaz Mohammed, Murray Mulitalo, Davendra Naiker, Deepak Naurd, Vishal Panchal, Javan Perez, Mike Perez, Devesh Ram, Saud Ramadhan, Munendra Reddy, Vimal Reddy,<br />

Liam Reidy, Mohit Roopra, Ravinder Sandhu, Inoke Sanft, Rakesh Sen, Mohammed Zainal Shafiq, Mohammed Shairaz Ali, Aisling Shirley, Quentin Sinclair, Adeshbir Singh, Chamkaur Singh,<br />

Deepen Singh, Dushkar Singh, Gurbir Singh, Gurjant Singh, Harry Singh, Kamaljit Singh, Kawaljeet Singh, Manprit Singh, Navdeep Singh, Parminder Singh, Parnam Singh, Prabhdeep Singh,<br />

Prabhjit Singh, Rupinder Singh, Shubham Singh, Sukhraj Singh, Karmjeet Singh Aklia, Harmanpreet Singh Gill , Dilraj Singh Saddal, Gurpreet Singh Saddal, Dilpreet Singh Shadu, Karanbeer Singh Sidhu,<br />

Tejpratap Singh Sidhu, Amanda Smith, Anmol Sodhi, Kunal Sodhi, Ropisone Toma, Sateki Tongia, Sam Towes, Laura Watson, Alex Witteveen. MAINFREIGHT METRO CHRISTCHURCH Alex Aguirre,<br />

Chris Allwright, Letisha Bentley, Blair Bradbury, Patricia Bradbury, Allan Bradley, Andrew Chai, Vince Cheung, Ka Shing Choi, Billie-Jean Cowie, John Cowlin, David Harrison, Ian Johnson, Kai Lan,<br />

Brian Lewis, Brendan McConchie, Feroze Mohammed, Hameed Mohammed, Tom Morgan, Wayne Robertson, Grant Sherlock, Birinder Singh, Gurinder Pal Singh, Gurjeet Singh, Pradeep Singh,<br />

Pritpal Singh, Satnam Singh, Vikramjit Singh, Kamen Withington, Jiaming Wu, Li Zheng, George Zuo. MAINFREIGHT METRO WELLINGTON Tama-Rangi Awatere, Gurpreet Singh Chawla,<br />

Lucky Chhabra, Amandeep Singh Gill, Tecye Tevita, Segaula Va. MAINFREIGHT MOBILE Sethi Aryaman, Michael Bing, Alisha Chauhan, Patrick Chong Nee, Kalan Eketone, Matheson Haffeiki,<br />

Shane Hill, Andrew Livesey, Anil Sami, Jashandeep Singh, Awatea Timothy, Clayton Tito, Chris Vaiangina, Shalom Viliamu. MAINFREIGHT PORT OPERATIONS AUCKLAND Avinash Chand,<br />

Arron Davis, Paulo De Souza, Manish Dogra, Gerald Goff, Jackson Gonzales, Muni Gounder, Isaac Hobson, Mason Howearth, Pryce Howearth, Shailendra Kumar, Rezin Leaunoa, Samuel Lythe,<br />

Faizad Mohammed, Shakeel Mohammed, Ben Monro, Ravi Naidu, Dinah Ogabang, Peter Park, Harry Petersen, Avinesh Michael Prasad, Milka Sagi, Milka Sagi, Simon Sahim, Harinder Sandhu,<br />

Armajit Singh, Bikramjit Singh, Davendar Singh, Gurbrinder Singh, Jasjot Singh, Jujhar Singh, Lakhwinder Singh, Partap Singh, Prabhjot Singh, Shamsher Singh, Sulinder Singh, Harmandeep Singh Gill,<br />

Puneet Singla, Tiffany Sio, Adam Tieng, Trudy Timmo, Terry Tuatea. MAINFREIGHT PORT OPERATIONS CHRISTCHURCH Sameh Awadalla, Ray Bradcock, Dean Coates, Gurpreet Dhillon,<br />

Adrian Ferguson, Harsimran Goraya, Nicholas Gray, Carolyn Kirby, Amit Kumar, Rishita Malik, Gary Sellars, Satnam Singh, Wendy Smith, John Williamson. MAINFREIGHT PORT OPERATIONS<br />

WELLINGTON Jacob Kelly, Wayne Kilgour, Ainsley Speak. MAINFREIGHT 2HOME AUCKLAND Arthur Atoaga, Antonio Aufai, Abdul Badsha, Martin Cannon, Jagroop Chahal, Ratish Chand,<br />

Raghu Chhabra, Ella-Lee Cihak, Anna Cihakova, Joseph Collins, Jameson Comin, Cindy Crosbie, Darren Cummins, Muni Darmendran, Kavita Devi, Reydintor Domacia, Alan Enslin, Shiloh Fakalata,<br />

Tama Fasavalu, Joshua Feleti, Jeffrey Fuatogi, Geronimo Guado, Malcolm Holm, Michael Hussein, William Iose, Joe Kawau, Mohammed Khan, Junior Leai, Nukutawhiti Mano, Lisa Martin, Siosifa Ma'u,<br />

Zain Mohammed, Milad Mohebbi, Ben Monro, Deshon Motufoaki, Michael Munns, Liam Murray, Daniel Ngawaharau, Adyn Nicholas, Jared Nuku, Jacqui O'Connor, Dhiren Patel, Mahendra Patel,<br />

Jeremy Patterson, Kani Peneueta, Brandon Puillen-Burry, Jason Pullen-Burry, Eric Rasmussen, Abdul Rehman, Estelle Rewiri, Hannah Rolleston, Justin Scrivener, Viliami Sikalu, John Silbery-Howe,<br />

Dharminder Singh, Hardeep Singh, Manjit Singh, Paramjeet Singh, Grant Smith, Dione Solomona, Glen Symons, Lisa Tagoai, Allan Tango, Brendon Te Kanawa, Christian Tito, Te Rangi Tongia, Khotez Turua,<br />

Poutae Tutaia, Vimal Velu, Esther Viau, Ioane Viliamu, Joey Viliamu, Bianca Vuetibau, Jeremy Wells, Sheree Whitehead, Greg Wong, Kai Yao. MAINFREIGHT 2HOME CHRISTCHURCH Liam Allen,<br />

Ryan Berry, Hemi Blackler, Chris Bramley, Steve Brinkhurst, Grant Brinsdon, Harry Cockram, Greg Cooper, Sean Cowper, Simon Cowper, Tony Cummings, Alex Dawson, Tom Dawson, Garren Day,<br />

Daniel Diamond, Mansell Diamond, Henry Dobbs, Mitchell Duncan, Matt Ellis, Tracy Hapi, Kole Harmer, Aaron Hartley, Cameron Hay, Rob Hayes, Elijah Hosking, Jaysin Hurrell, Abbey Jarvis, Jahran Katene,<br />

Aryan Ali, Kamal Amziane, Bob Bain, Manjinder Bhathal, Sheik Bobby Dean, Michael Brown, Samil Chand, Shirron Clarke, Aisea Cokula, Daiana Cokula, Tiwihou Cope, Murray Craig,<br />

Leanne Drube, Blake Ewe, Tema Faifua, Sage Fatialofa, Jeremon Galiki, Sefulu Gaugau, Moana Gold, Shania Hardy, Kristyna Hayward, Tim Hayward, Zac Hayward, David Heka, Eun Sik Joo,<br />

Elaine Kaliopasi, Telea Kasipale, Vou Katuke, Robert Kealey, Anish Kumar, Ashika Kumar, Nitesh Kumar, Ravin Kumar, Salesh Kumar, Neelam Lata, Aliana Likio, Tino Liufau Pio, Rebekah Lopau,<br />

Emma Lowry, Andrea MaCleod, Ioritana Mae'a, Lloyd Mahara, Pravin Maharaj, Savi Maharaj, Joylene Malofie, Christian Marsters, Monaro Marsters, Upoko Maruariki-Taoro, Mike Masters,<br />

Macayla Masters-Clarke, Tanisha Mauri, Timoci Mavesi, Jackie Mein, Gabriel Moore, Sophya Mossan, Matairea Mourangi, Ali Mumtaz, Summer Murphy, David Murray, Michael Mutimer,<br />

Leena Nand, Kamlesh Narayan, Kartick Narayan, Junior Nathan, Kennedy Odhiambo, Romona Paea, Jayantkumar Patel, Patiole Patiole, Christopher Pickering, Brooke Pope, Shavneel Prakash,<br />

Kaleb Raharuhi, Vinit Raj, Davante Renata-Leaf, Gerrard Robinson, Sukhi Samra, Ali Schustor, Samil Sewak, Sanesh Sewak, Rohit Sharma, Salendra Sharma, Vinnie Sharma, Jared Sherwin,<br />

Neil Singh, Niraj Singh, Raj Singh, Shivaan Singh, Nicola Skinner, Andrew Smith, Archie Stephens, Robert Stevens, Junior Stowers, Jenna-Lee Takimua, Shayne Tall, Leonard Tangi,<br />

Joseph Tatafu, Leva Tatafu, Fuataina Tauofaga, Andrew Tautari, Max Timmermans, Dibley Tokimua, Harley Tokimua, Peter Topia, Siaosi Tuanai, Paongo Tulimaiau, Lemisio Unasa,<br />

Mark Upokomanu, Candy Worden. OWENS CHRISTCHURCH Becky Baxter, Keith Bedard, Rachael Bedard, Darrell Blayney, Ashleigh Burnham, Terry Burns, Benjamin Busson,<br />

Angelo Chandra, Roberta Davids, Phil Dawe, Callum Field, Janine Gordon, Michael Heremaia, Kevin Huang, Deane Hunt, Keith Kenyon, John Kerr, Robert King, Shubham Kumar, Downs Leigh,<br />

Jerome Lim, Yupeng Ma, Jake McKinnon, Bridie Moorhouse, Mcgee Nimmo, Xin Ning, Ricky Niu, Magnus Omonibakh, Ashley Riley, Thomas Rudin, Sanjayman Sharma, Jimmy Shearman,<br />

Manpreet Singh, Narender Singh, Sam Singh, Kareena Sullivan, Le Tan, Allen Tian, Rowan Traue, Joanne Watts, Yujiang Yang. OWENS WELLINGTON Alby Mahuika, Toi Morehu,<br />

Johan Soeteman. OWENS TANKERS AUCKLAND Andrew Calvert, Mason Clarke, Maurice Clarke, Joe Curtis, Tom Davis, Jock Dixon, Sudhir Kant, Brian Keogh, Pera Maxine,<br />

Reza Motadeli, Guy Small, Marilyn Syms. OWENS WAREHOUSING AUCKLAND Rebecca Anderson, Adrian Carbonilla, Tiauilaefa Galvin, Onetale Lefai, Konelio Leone, Faafefete Leota,<br />

Danielle Noa, Rajiv Reddy, Andrew Sesani, Josh Sika, Maninder Singh, David Stein, Florence Tino, Mateo Tino. OWENS WAREHOUSING CHRISTCHURCH Suez Amosa,<br />

Grant Breach, Melissa Butland, Georgia Cooper, Bryce Coulter, Emily Fowler, Amanda Hayward, Rebecca Hayward, Chunguang Hu, Ethan Irving, Andrew Maxwell, Richard Owen,<br />

Ivan Peek, Jim Rabuku, Jamie Shields, Shanti Stokes, Nikita Swarts, Breeana Todd. TRAINING TEAM NEW ZEALAND Donna Barrett, Emma Bryant, Charlotte Carpenter,<br />

Erica Dash, Trace Donaghey, Gary Dyason, Raewyn Glamuzina, Lisa Haycock, Kate Hoar, Rachel Hustler (for old times’ sake), Lizzie Judd, Andre Laredo, Eva-Lynn Patai, Luke Percasky,<br />

Holly Turnbull.<br />

AUSTRALIA CAROTRANS BRISBANE Christopher Bamford, Erin Carmock, Rosina Poa, Anna Slater, Celine Van Staden. CAROTRANS MELBOURNE<br />

Sheridan Allports, Sindy Bartlett, Ethan Caffari, Paula Herden, Kloe Jordan-Wilson, Kristina Jusic, Stephanie Mazzella, Georgia Newton, Andrew Petersen, Jacinta Polzella,<br />

Chantelle Tota, Hayley Vinci, Daniel Zanic. CAROTRANS SYDNEY Adam Coffee, Jasmin Cvijanovic, Gregory Doherty, Rithika Jaiprakash, Adrian Lara, Alana McCarten,<br />

Averon Prasad, Diana Scott, James Warren, Kate Winterburn. CAROTRANS TASMANIA Melanie Hill. CHEMCOURIERS ADELAIDE Nicholas Adams, Kendall Anderson,<br />

Shaun Hurrell. CHEMCOURIERS BRISBANE Keegan Sperling, Claudiu Andrasescu, Troy Blacklock, Steven Blackmoore, Amy Gopal, Michael Heironymus, Luke Hubert,<br />

Kevin James, Amanda Johnston, Garry Kennedy, Jake Kennedy, Pankaj Kumar, Alexander Luke, Liam Maple, Kim McCracken, Samuel Modra, Darius Moldovan, Ezechil Opris,<br />

Tyrique Pearman, Aby Pooppanal Cherian, Ellen Pozzi, Mitchell Pratt, Palwinder Sandhu, Robinpreet Sandhu, Ashleigh Sinclair, Tarsem singh sandhu, Benjamin Tisdall, Akos Varga,<br />

Richard Kotlowski, Nick Max, Trey McLean, Katie Newsome, Wayne Pahl, Morgan Rangi, Earl Ritani, Jazz Samuel, Nicky Scott, Campbell Smith, Jordan Smith, Xavier Te Wano, Lance Warren,<br />

Cody Williams, Hayden Winter, Nathan Woodyard, Ben Wright. MAINFREIGHT 2HOME WELLINGTON Ala Aiono, Liam Burling, Pouevalu Fiso, Henry Maurice, Charles Simpson, Christian Vaaulu,<br />

Georgia Yee. MAINFREIGHT WAREHOUSING AUCKLAND 68 WESTNEY ROAD June Daniels-Strickland, Lubria Hei Hei, Thomas Hopkin, Mahadev Katuwal, Abhinash Lal,<br />

Tim Logan, Taylor Moresi, Laveaina Mulitalo, Suzie Munns, Pola Ropati, Siju Samuel, Micah Smith, Finn Wilson. MAINFREIGHT WAREHOUSING AUCKLAND HIGHBROOK Craig Baird,<br />

Seleni Bentley, Harry Coulson, Jamie Gillespie, Jordan Lolohea, Sonia Rani, Viliami Saulala, Harmanpreet Singh, Nirmal Singh, Caitlin Taiapo, Daniel Tomlinson, John Vanderwee.MAINFREIGHT<br />

WAREHOUSING AUCKLAND JAMES HARDIE Maria Carbonilla, Milan Cihak, Bronson Daniels, Edward Fagalilo, Onyx Fiatau, James Fuamatu, Rohit Guglani, Severe Iosia-sipeli,<br />

Stowers Kalolo, Sione Kuli, Liteen Kumar, Ashwine Lata, Sautia Misa, Jack Saena, Siosiua Sika, Hardeep Singh, Tayne Springer, Reagan Tapuai, John Vaifale. MAINFREIGHT<br />

WAREHOUSING AUCKLAND LANDING DRIVE Todd Feng, Patisolo Feo, Arthur Hoeft, Gladys Iehu, Priyashna Lal, Nikita Macaulay, Satish Ramaswamy, Luke Rudolph, Sikha Santawirya,<br />

Kim Soy-Sour, Adrian Tohovaka, Cody Watts. MAINFREIGHT WAREHOUSING AUCKLAND MAINFREIGHT LANE Som Boonsermsukcharoen, Rohit Dawar, Laisene Emilio,<br />

Teisi Finau, Campbell Jordan, Amanpreet Kaur, Manpreet Kaur, Varinder Kaur, Jake Langsdale, Danny Leatu, Lance Leatu, Allan Lowe, Cristina Lumby, Ethan McGinty, Cianan McPherson,<br />

Colin McPherson, Albert Miratana, Petelo Motulalo, Robert Papalaua, Hetal Patel, Roshlene Raj, Harpreet Rupal, Christina Semau, Hansell Semau, Hone Smith, Navdeep Sodhi, Theresa Tahi,<br />

Stanley Tuipulotu, Ondre Tupou, John Valu, Scott van Breugel, Dean Walters. MAINFREIGHT WAREHOUSING AUCKLAND MANU STREET Abdul Amiri, Reef Black, Joseph Bosinch,<br />

Paul Brownhill, Trudy Burt, Benjamin Clark, Peter Clark, Thomas Clyma, Clarke Hegan, Sam Irving, Kalchili Kaltanak, Josh Key, Gitesh Kishore, Francis Lee, Hosea Maloni, Steven Mcintyre,<br />

Maedana Moala, Melvin Nair, Joesph Ngere, Torres Pati, Easter Peti, Sebastian Priscott, David Rereiti, Shiraaz Shah, Nicholas Singh, Kim Sipeli, Alvin Swamy, Piesi Tama, Absalom Tamarua,<br />

Maree Tautaiolevao, Andy Tongia, J'me Li Tuhega, Pratharpa Wanasuriya. MAINFREIGHT WAREHOUSING AUCKLAND NEALES ROAD Aiesi Junior Aiesi, Rohit Arora, Sam Cullen,<br />

Naotala Elia, Tom Fenwick, Thomas Haliday, Patrick Iese, Jodie Jackson, Harley Jacobs, Nathan James, Parliament Kaikura, Yosef Kanon, Andy Kim, Samnang Lee, Kamilo Lene, Jacob McDowell,<br />

Matt Neilson, Raj Pal, Gagandeep Singh, Harpreet Singh, Lovepreet Singh, Mantej Singh, Parminder Singh, Saddamhusen Sipai, Duncan Smith, Junior Tito, Mosese Tonga, Alvin Vaisa,<br />

Ama Valu. MAINFREIGHT WAREHOUSING AUCKLAND O’RORKE ROAD Leulumoega Afioae, Steve Bulcheler, Paul Claydon, Kim Curtis, Marcio Da Silva, Talia Ioasa, Sam Kalauta,<br />

Paulo Lafaele, Frisco Ng Lam, Patrick Patalesio, Jonathan Sellar, Khodie Tagoai, Aaron Wilson. MAINFREIGHT WAREHOUSING AUCKLAND SAVILL DRIVE Ian Akaiti, Shakeel Ali,<br />

Jason Byun, Isaac Faitau, Inoke Fifita, Jordan Gunn, Dennis Ikenasio, Jessica James, Tauelangi Kefu, Sean-Ben Kiria, Sharmen Kumar, Amelia Lee-Hussien, Afton Lim, Zachariah Makani, Anitoni Moala,<br />

Baker Moalele, Simona Nelisi, Tangi Pekepo, Tangapiri Pokoina, Satish Prasad, Daniel Sharma, Charanpreet Singh, Nick Smith, Samuel Suamili, Ricky Tangaroa, Diamond Tavita, Lachlan Walker,<br />

Leighton Watts, Ryan Wong. MAINFREIGHT WAREHOUSING AUCKLAND WESTNEY ROAD Gajendra Budha, Kunal Chand, Pranish Chand, Morgan Davis, Tom Dods, Maika Finau,<br />

Ankur Ghuliani, Warren Hall, Salmaan Hussein, Ioasa Ioasa, Faamanatu Isaia, Deborah Jackson, Emma Jackson, Tau Kaho, Shivchal Karan, Levi Kite, Sonika Lal, Chris Leilua, Esmond Lum, Simi Mareko,<br />

Ashwin Mohan, Ankush Nagol, Anh Nguyen, Umarao Nikhil, Shakiro O'Brien, Kieran O'Connor, Jagdish Patel, Karan Patel, Graham Po Ching, Zane Polley, Jai Prasad, Roneel Raj, Dallas Rawiri,<br />

Sam Rex, William Sabiston, Tony Sagaga, Mandeep Singh, Palwinder Singh, Lucky Suemai, Mulivai Televave, Isaac Uepa, Bluee Unasa, Mladan Yagmich. MAINFREIGHT WAREHOUSING<br />

CHRISTCHURCH ISLINGTON Richard Blake, Jaedyn-Lee Hanks, Brittney Haumu, Andriy Kozin, Carissa Leka, Jonty Matla, Lewis McCoshim, Louis Mori, Aidan O'Connor,<br />

Joshua Pavelka, Poasa Seiuli, Kirk Simpson, Gloria Sua, Dean Williams, April Woods. MAINFREIGHT WAREHOUSING CHRISTCHURCH MCALPINE STREET Daniel Ager,<br />

Glen Beardsley, Walter Bi, Patrick Bryant, Wayne Busson, Jesse Cain, Emily Cardwell, Levi Collins, Richard Cowper, Zachary Crawford, Tim Donnelly, Mo'ui Fataua, Diane Franks, Tanisha Haumu,<br />

Jack Henshaw, Bernard Jagers, Cain Jesse, Andrew Kay, Claudia Knapp, Tane Knowler, Harshant Kumar, Geoff Lulham, Hugh Lynch, Ethan Mawson, Cameron McKenzie, Guy McMenamin,<br />

Tyler Pakau-Narayan, Thomas Paterson, Amhlaoibh Porter, Lawton Rebbeck, Brynley Riches, Matt Riches, Sue Riches, Angela Richmond, Mark Ritchie, Sandra Ritchie, Tammy Rivers,<br />

Jessica Rowe, Andrew Salmon, James Saxon, Anthony Sialeipata, Brayden Simkin, Lovepreet Singh, Sarabpal Singh, Davis Sundbye, Garth Sutton, Luke van der Veen, Hamish Wolfrey, John Wolfrey,<br />

Robert Woods. MAINFREIGHT CHRISTCHURCH WAREHOUSING BRAEBURN DRIVE Akshay Jindal, Shaydn Pollock, Kale Thatcher, Luke Trounson. MAINFREIGHT<br />

WAREHOUSING CROMWELL Janal Johnston, Jayden Kennedy. MAINFREIGHT WAREHOUSING DUNEDIN Martin Swann, Bruce Wilson. MAINFREIGHT<br />

WAREHOUSING HAMILTON Olly Bosworth, Connor Campbell, Matthew Clarkin, Danielle Edwards, Dane Gannaway, Melanie Greenbank, Joshua Hill, Phil Koopu, Zach Litchfield, Andre Paladin,<br />

Blake Seavill, Ethan Slater, Jai Stockley. MAINFREIGHT WAREHOUSING TAURANGA Matthew Anderson, Stu Clarke, Sean Coyle, Adam Ferguson, Paul Grimes Coyle, Yana Heath,<br />

Matt Helm, Alex Hubers, Ron Kwan, Regan Nettlingham, Trevarn Parata, Deacan Phillips, Carmen Robertson, David Simpson, Shannon Strawbridge, Ashleigh Tauai. MAINFREIGHT<br />

WAREHOUSING WELLINGTON Connor Boyce, Te Rangi Hata, Gregory Hunter, Kaleb Lockyer, Matthew Roodbeen, Jake Tomblin. OWENS AUCKLAND Aldre Abarro, Frank Aholelei,<br />

Koka Vukeni, Tere Webb. CHEMCOURIERS MELBOURNE (CLAYTON) Mehdi Bahrami, Ethan Coates, Andrea D'Cruz, Kevin Dicker, Guo Qiang Dong, Trung Duong,<br />

Maddison Graue, Goran Grbic, Hoang Lam, Hao Le, Avnish K Manchanda, Jack Mandic, Katrina Miller, Shertim Muratovski, Radmilo Nedic, Hiep Nguyen, Hoai Vi Vu Nguyen,<br />

Nick Nguyen, Thanh S Nguyen, Connor Petalas, Maddison Rae, Mark Russell, Aidan Spano, Sengly Tann, Kara Tipene, Turoa Tipene, Zoran Tomic, Hai Tran, Quang L Truong,<br />

Isaac Tufuga, Jake Walter, Kelly-Jo Wells, Yue Wong, Chloe Wood, Vincent Woolfe. CHEMCOURIERS MELBOURNE (EPPING) Marli Adendorff, To Hang Duong,<br />

Mushin Evyapan, Navdeep Johal, Zlatko Lazarevski, Ioane Mauga, Edward Mulvenna, Muhammed Najib, Farhan Omar Rahman, Joshua O'Rorke, Natalie Poloni, Martin Stronge,<br />

Aaron Wilson. CHEMCOURIERS PERTH Sasha Hofman, Issac Jones, Todd McCabe, Susanne Meechan. CHEMCOURIERS SYDNEY Bilall Ajaj, Hope Ale, Ridhwaan Ali,<br />

Riyaz Ali, Liam Bainbridge, Kirtesh Baran, Garry Beedon, Elie Boulos, Abdul Buksh, Naman Chand, Pamela Dilucchio, Kristen Flood, Joeffrey Frias, Caleb Fungo, Cebbar Gergoy,<br />

Jason Gerondis, Boran Gezer, Constantinos Gremos, Namal Hamid, Liam Hastings, Matthew Ishak, Ousama Kheir, Andrew Kyei, Nathan Leong, Aakash Mankotia, Sally McCarren,<br />

Timothy Meredith, Niraj Navin, Tan Duy Ngo, Dylan Ngov, Tan Nguyen, Samantha Nikolovski, Gisell Pereira Da Silva, Efu Perese, Natasha Perese, Motiana Pisu, Michelle Purvis, Daniel Ross,<br />

Andrew Salelesi, Saipele Salelesi, Tagi'ilima Salelesi, Hement Samy, Brien Sea, Elvis Sehovic, Ravi Sharma, Saso Sutarov, Terry Tallar, T-Jay Tallar, Antoinette Te Runa, Justin Tran,<br />

Evangelos Triantafillou, Umit Tuncdoruk, Lokomaikaiokalani Vaisagote, Gary Vongphakdy, William Wang, Abdullah Yakub. MAINFREIGHT ADELAIDE Cherie Aunger, Jason Borg,<br />

Christopher Brook, James Brook, Christopher Cammarano, Pauline Cammarano, Aman Cheema, Jae Cook, Georgia Dey, Danyl Drabsch, Jason Dunstall, Jesse Ebert-Hudson,<br />

Taryn Fowler, Arthur Gentle, Joginder Gill, Shane Gnitecki, Michael Goldfinch, Michelle Hanson, Daniel Irimie, Matthew Irrgang, Ravinder Singh Jassal, Robert Jones, Ross Kearsley,<br />

Shane Kinnear, Jody Knight, Lucas Lattanzio, Jeffery Levett, Jason Levy, Kade Lonergan, Napinder Mann, Ashleigh Marsland, Kyton Marsland, Dominic Martino, Nicole McShane,<br />

Liam Miller, Lauren Neldner, Callum Newitt, Deng Pan, Jessica Peregi, Lee-Anne Phillips, Leah Raphael, Mark Richter, Lynne Rooney, Sandeep Saini, Leah Saunders, Dominic Savelli,<br />

Nicholas Savelli, Thomas Scholtus, Garry Semmler, Mitchell Simons, Amrinder Singh, Bachittar Singh, Baljit Singh, Gurbakshish Singh, Gurpreet Singh, Harjit Singh, Kuldip Singh,<br />

Vajinderpal Singh, Jack Star, Justin Stoyanoff, Stefan Stoyanoff, Tom Stoyanoff, Andrew Tait, Danny Tremonte, Adam Tripodi, Anthony Verlato, Aaron Ward, Stewart Wilkinson.<br />

MAINFREIGHT ALBURY Vishu Arora, Ellie Ceely, Shannon Dalton, Jason Ellingham, Joel Escott, Josh Fagan, Michelle Foye, Bradley Gambier, Tori Graham, Joshua Green,<br />

Kym Hullick, Jamie Lovell, Luke McCluskey, Craig Perry, Jack Poole, William Ristic, Amandeep Singh, Dapinder Singh, Davinder Singh, Parkash Singh, Ranbir Singh Maankatala,<br />

Matt-Dillon Webster. MAINFREIGHT BALLARAT Brittany Williams, Claude Ayrton, Jodie Kennedy, John Lloyd, Vanessa Maxwell, Daryl Muller, Kylie Porth, Benjamin Poursanidis,<br />

Parveen Singh, Justin Struthers. MAINFREIGHT BENDIGO Clement Boydell, Darren Dean, Jeremy Dettmann, Shane Mataiti, Kamalpreet Singh Virk, Lidia Tonkin, Neil Walker,<br />

Samuel Wheatley. MAINFREIGHT BRISBANE (LARAPINTA) Indira Abrahams, Damilare Ajiboye, Haris Akram, Abdur Ali, Mohammed Ali, Rihaan Ali, Amanda Aplin,<br />

Lisa Ardern, Sorcha Barnes, Ayrton Blaxland, Karla Blowers, Kim Bonney, Aaron Bourke, Anesh Chand, Ritesh Chand, Mark Charvell, Bradley Clews, Breanna Clode, Ashlei Coppenrath,<br />

Cassandra Craft, Greg De Lautour, Ruth De Lautour, Daniel Debrincat, Andrea Dennehy, Rajbir Dhaliwal, Dixon Douglas, Asotau Faalavaau, Roy Faifai, Tiana Fogwell, Martin Fry,<br />

Iopu Fuifui, James Fursland, Wayne Fursland, Lucas Goldblatt, Zy Gonzaga, Georgia Goodwin, Prekshak Gour, Arun Gupta, Kristof Gyorky, Rabia Habib, John Haimona, Angelina Harper,<br />

Stacey Heard, John Holpen, Chase Inia, Tony Inia, Cristian Istrate, Dragan Ivesic, Vikram Jit, Steve Jovanovic, Amanda Karipa, Bradley Keating, Dallas Keevers, Bhupinder Kharaud,<br />

Jayson King, Linda King, Alexander Kolfschoten, Chantelle Kone, Sharvin Kumar, Sunil Kumar, Bradley Lahey, Sohan Lal, Thomas Lennon, Constantine Leota-Tui, Joakim Leota-Tui,<br />

Nikki Lindsay, Natu Manao, Amninder Mangat, Milan Marko, Harrison Martin, Shaun Martin, Alexander Maslowskyi, Bradley McGrath, Jake Meads, Rodney Moore, Rodolfo Morales,<br />

Michael Murray, Zoltan Neer, Michael Niesler, Bradley Ogier, Aloma Otuafi, Pankajkumar Patel, Ian Patterson, Nicholas Pell, Chanel Phelan, Unaloto Pita, Tod Poole, Steven Potts,<br />

Jessica Pouono, Isabel Sauermann, Benjamin Scholes, Ashleigh Scullion-Gilpin, Balraj Deep Singh Sekhon, Mohammed Shahid, Jiwan Sharma, Vavega Silinga, Jonathon Silver,<br />

Gagandeep Singh, Harshawinder Singh, Nirbhai Singh, Parvinder Singh, Sachleen Singh, Sebastian Smith, Tianna Smith, Todd Smith, Liesel Stevens, David Stewart, Charles Sutcliffe,<br />

Le-Dariaus Tanuvasa, Stephen Te Hau, Katie Thompson, Ofisa Tomane, Tia-Rose Tootell, Vesi Tuautu, Matangi Tukiuha, Ivan Turangakino, Uhila Vakameilalo, Simon Vundru, Lillian Walters,<br />

Caitlin Whitty, Emma Wiersma, Robert Williams, Scott Williamson, Emylie Witney, Byran Wong. MAINFREIGHT BRISBANE (NARANGBA) Samuel Anderson, Martina Berdi,<br />

Jarrod Bienkiewicz, Carol Cameron, Gurdeep Dhaliwal, Abbi Dilena, Anatolii Gerasimov, Jemma Gleadhill, Jacinta Gremond, Beau Harvey, Tevita Kaliopasi, Jessica King, Khalid Naved,<br />

Kieran O'Driscoll, Elizabeth Purdom, Damanjit Singh Raju, Adam Real, Navdip Sanghera, Faith Scheid, Navdeep Shori, Martin Short, Gurvir Singh, Harjit Singh, Jagdeep Singh,<br />

Elijah Tobok, Benjamin Usher, Lachlan Warmington, Jack White, Sharnye Wilson. MAINFREIGHT BUNBURY Matthew Barker, John Keen MAINFREIGHT CANBERRA<br />

Leonie Blundell, Stanley Byrnes, Harmeet Dhaliwal, John Edwards, Steven Edwards, Lee Ford-Griffiths, Ashley Hemopo, Matthew King, Scott Phillips, Aaron Russell, Dawinder Singh,


39 40<br />

Sukhjeet Singh, Nikita Tapa,Antonio Vailoaloa, Kieran Wickham. MAINFREIGHT GEELONG Robert Aldridge, David Bolger, David Carswell, Ranjan Grewal, Scott Jones, Sheldon Miles,<br />

Felix Price, John Seaver, Inderjeet Singh, Jaswinder Singh Baidwan. MAINFREIGHT GOLD COAST Jahmal Batchelor, Adam Bradbury, James Brown,<br />

Reece Cassidy, Casey Downs, Shari Groves, Cassandra Hallifax, Connor Harper, Deon Jackson, Mark Jackson, Robert Jackson, Michael Jones, Clint King, Rhys Mahy,<br />

Glen Manewell, Sergio Murakami, Mitchell Nolan, Joshua Parker, Shashvat Singla, Josephine Smith, Michael Thaow, Tracey Tihema, Chris Were, Maraea Wharemate, Jordan Young.<br />

MAINFREIGHT MELBOURNE (CLAYTON) Vijay Ahluwalia, Nelson Araujo Li, Jenny-Maree Armel, Kanwalpreet Atwal, Nicole Awabdeh, Van Be Truyen, Nirmal Brar Singh,<br />

Craig Britto, Brigitte Brown, Huy Bui, Vince Cecil-Daniel, Nicholas Cheung, Gilbert Choy, Flynn Cooper, Aaron Croft, Ding Dai, Peter Daly, Slade De Winkel, Kim Devine, Gursewak Dhaliwal,<br />

Jasvir Singh Dharni, Mirjana Fifita, Anton Fitt, Arona Galuvao, Mafutaga Galuvao, Anthony Garland, Semi Godinet, Jordyn Green, Haider Gulzari, Natalie Hammond, Ali Hassani,<br />

Faye Henderson, Kathleen Hill, Dane Hoffner, Chithrinee Howell, Sadaat Hussain, Tristan Hutchins, John Iakopo, Kristina Ilijanic, Sureshreddy Indurthi, Dennis Iosefo, Jesse Jansz,<br />

Bin Jing Chen, Dejan Josipovic, Sandeep Khehra, Miki Kolek, Miguel Ku, Jiawei Kuang, Raymond Lal, Daniel Lamblin, Samnang Lay, Holly Licciardo, Yu-Teng Liu, Ching Ly,<br />

Madeleine Lynch, Huu Thanh Mai, Vedansh Malhan, Andrew Mase, Shannon McCloskey, Scott McGill, Muamer Muratovski, Shenol Muratovski, Surender Nagulapally, Krishna Naidu,<br />

Arren Nayna, Rowan Nayna, Henk Nekker, Vu Ngo, Huu Tuan Anh Nguyen, Thanh Nguyen, The Cuong Nguyen, Tien Nguyen, Tinh Van Nguyen, Osman Osman, Pankaj Pahwa,<br />

Luke Pavey, Emma Pedler, Raymond Pepper, Hung Pham, Lochlan Pye, Sukhdeep Rangi, Terry Rawiri, Malcolm Reynolds, Lauren Ross, Elmedina Sadinlija, Fazil Saheed, Jackson Shang,<br />

Amandeep Sharma, Baljit Singh, Daljinder Singh, Darshdeep Singh, Davinder Singh, Jaspal Singh, Jaswinder Singh, Khusdeep Singh, Ravinder Singh, Rupinder Singh, Satinder Singh,<br />

Satwant Singh, Sukhdeep Singh, Barinder Singh Grewal, Apinder Singh Jawanda, Avninder Singh Pandher, Chloe Smith, Matthew Solomon, Obediah Stowers, Rodney Stuart,<br />

Hong Q H Ta, Ashley Teao, Cara Thompson, Leon Thorpe, Mana Tipene, Riki Tipene, Ashley Tirant, Diem Tran, Vincent Tran, Duc Truong, Han Truong, Sanele Utupo, Sitiveni Vakacavu,<br />

Nhiem Van Ngo, Joseph Vibal, Hung Dinh Vo, Huy Minh Vu, Srdan Vukovic, Vuk Vukovic, Jennifer Wanigasekera, Sheridan Weaver, Sonny Wendt, Andrew Weymouth, Willie Wharewera,<br />

Sankha Wijetunga, Alphonso Williams, Helen Williams, Steven Wright, Aleina Zerrudo, Erqian Zhang, Quan Zhou. MAINFREIGHT MELBOURNE (EPPING) Mohamed Abukar,<br />

Esther Adams, Deirdre Allen, Paul Angeloni, Jayke Atkin, Aline Avedissian, Jack Bambino, Yousef Bastani, Ali Baydoun, Jagrajwinder Benipal, Nicholas Bernardi, Amanda Borg,<br />

Luke Butros, Hannah Carabott, Erdinc Ceylan, Amiee Chambers, David Ciardullo, Stephanie Conduit, Bryan Curtis (for old times’ sake), Hung D Dao, Debra Dawson, Caitlyn Delaney,<br />

Grant Draper, Cameron Drummond, Emma Drummond, Ali Eideh, Jared Ekkel, Steve Felise, Sarah Ferraro, Soteria Folaumoeloa, Joseph Fraser, Brice Giacomantonio, Zack Gligurovski,<br />

Ross Grace, Bradley Greer, Brayden Harbord-Gower, Kathryn Harris, Wayne Harris, Simon Hart, Imraan Haylaz, Katherine Hicks, Tohidul Hoque, Wisam Ibrahim, Harrison Irvine,<br />

Waael Jallo, Nahal TI Jalo, Samuel Jenke, Benjamin Johnston, Leah Jones, Balwinder Kaur, Jason Kennedy, Gurdarshan Khosa, Carolyn King, Chung-Hsuan Kuo, Violeta Kuzmanoski,<br />

Dianne La Velle, Minh Lam, Martin Lay, Jenny Lee, Luisa Lo Turco, Warren Logan, Michael Mackenzie, Cameron MacLean, Paul Mahfoud, Amjad Majeed, Michael Marchitto,<br />

William Marrion, Jireh Masoe, Marcel Maunsell, Natasha Meyer, Grace Mitchell, Rodd Morgan, Su Moua, Ahmed Mourad, Morgan Munro, Vilash Nand, Chris Nasrallah, Tosko Nastevski,<br />

Lena Nguyen, Seth Patterson, Mark Phelan, Sammy Phommachanh, Thanh Phong Truong, Luisa Pouono, Malakai Pouono, Michael Rewiri, Tommy Ristevski, Brendan Ryan,<br />

Christian Sammut, Mark Sammut, Elvin Satendra, Paul Scacco, Jessica Scicluna, David Scott, Mohit Sharma, Rupesh Sharma, Amrinder Singh, Devender Singh, Harpal Singh,<br />

Harwinder Singh, Jagpreet Singh, Jaskiranjit Singh, Raj Singh, Vikramjit Singh, Mandeep Singh Brar, Harmanjit Singh Jhandi, Gagandeep Singh Virk, Cesare Spalato, Tayla Stankovski,<br />

Dean Steele, Natasha Stojkovska, Paula Suwart, Janaya Symons, TJ Taisi, John Tapuala-Unasa, Jonathan Tapuala-Unasa, Jayden Tasev, Ashley Taylor, Rebecca Taylor, Tinika Tipene,<br />

Thi Ong, Caroline Pitman, Lisa Raimondo, Tyson Sauerwald, Harry Sibley, Jessica Wegener. MAINFREIGHT AIR & OCEAN BRISBANE (AIRFREIGHT) Cameron Allport, Ian Austin,<br />

Tiarna Burns, Jordan Clamp, Seamus Cunningham, Mitchell Currie, Adam Downing, Malcolm Elliot, Liam Fraser, Seok Hong, Andrew Kelly, David Kidston, Dominique Mullins, Daniel Owens,<br />

Andrew Peckham, Michael Poa, Kasia Rafalski, James Ramsden, Adam Smith, Chantelle Stiege, Douglas Tam, Ian Thomas, Jessica Trace. MAINFREIGHT AIR & OCEAN<br />

BRISBANE (SEAFREIGHT) Stephen Anderson, Kathryn Bailey, Monicque Bamford, Harriet Brodie-Davis, Grant Carlson, Shawn Clark, Jack Daly, Catherine Gillick, Bailey Gooding,<br />

Myroslava Gopanchuk, David Hall, Jayde Hamood, Daisy Hanlon, Lucas Harris, Zuzana Horniak, Lindsay Keating, Karen King, Deanne Kramer, Romulusi Masi, Samuel Massey,<br />

Aidan Maxwell, Kristie McKenna, Elly McKenzie, Nicholas Mckenzie, Christopher Meacham, Georgia Morrisson, Corin Naicker, Legan Nyabenda, Sara Payne, Jeremiah Phillip, Mehau Phillip,<br />

Elizabeth Saunders, Melanie Sheppard, James Timoney, Jennifer Tully-Salinas, Ognjen Vuksanovic, KaMing Wong, Jessica Wood. MAINFREIGHT AIR & OCEAN<br />

GOLD COAST Samuel Cooper, Renee Duemmer, Raymond English, Jade Fogwell, Amber Scott, Grace Stewart, Clare Tunks. MAINFREIGHT AIR & OCEAN MELBOURNE<br />

(AIRFREIGHT) Khled Abbas, Matthew Aitken, April Ali, Christopher Barnes, Nathan Berias, Vincent Caruso, Megan Cooper, Ryan Darmanin, Houssein Dekmak, Travis Dellar, Jay Dower,<br />

Mykhaylo Dyachkov, Mario Farrugia, Tuiala Faumuina, Angelina Fernandopulle, Dale Foote, Benjamin Green, David Grossman, Amy Habermann, Riley Hemburrow, Sean Hutchinson, Julie-Anne Jordan,<br />

Lisa Jordan, Rajini Kumari, Jordyn Luke, Ana McLeod, Jordan Mills, Ashlyn Mosedale, Beau O'Connell, Mohamed Osman, Damien Polgar, James Riego, Jordan Riley, James Ryan, Melanie Savona,<br />

Anthony Schembri, Marcin Stopyra, Georgia Strada, Pavithra Tallam, Paolina Tortora, Travis Wadden. MAINFREIGHT AIR & OCEAN MELBOURNE (SEAFREIGHT) Gary Atkins,<br />

Daisy Attard, Muhammet Aygun, Melissa Bartlett, Sara Belcher, Laura Birtles, William Brown, Laura Burns, Taylor Burns, Monica Cahill, Sophie Caldone, Seamus Campbell, Tony Capuano, Holli Cecchini,<br />

Nimitra Chandran, Kseniia Chudak, Kerry Cogan, Lisa Colombo, Aiden Commisso, Dave Coughlin, Daniela Dimitrijovska, Dorian Do, Thu Do, Mohamed Ebrahim, Renee Edera, Aiden Erlik, Alla Ermoliev,<br />

Elizabeth Fellows, William Fellows, Shalini Fernando, Damien Ferris, Clarissa Feschuk, Ashley Finnigan, Shania Finnigan, Louise Gallardo, Fiona Goodwin, Rachel Grover, Samuel Healy, Edmila Hebel,<br />

Nicole Hegeman, Hamish Hill, Shengdong Huang, Aneta Jankovski, Pei Jiang, Melissa Kelly, Wassim Khoshaba, Troy Kirwan, James Konjarski, Damien Kozelj, Mandy Lazaridis, Courtney Leech,<br />

Nicole Levey, Kong Li, PeiYu Li, Jing Liao, Jason Lister, Lee Liu, Queenie Lok, Jenny Ly, Sarah Macpherson, Jack Madigan, Jordan Magana Cruz, Tarun Markapuram Shivaprakash, Mercedesz Matskassy,<br />

Tayla McHale, Julia McMillan, Roslyn Meli, Lewis Moore, Pam Moussiades, John Muccio, Matthew Mudge, Janine Nemeth, Nicholas Noye, Luise Ockardt, Melissa Packett, Brittnee Patton, Hai Pham,<br />

Vincent Pirozzi, Graham Robinson, Daniel Saico, Ayumi Sato, Chloe Schembri, Funda Sener, Junsik Shin, Ushik Shin, Timothy Smith, Jason Spiteri, Lukas Steel, Xiaoxia Sun, Ebony Tame, Brittany Taylor,<br />

Travis Thorogood, Peter Tombling, Rebecca Tsiros, Daniella Verlaque, Lauren Verlaque, Connie Vinci, Joyce Wain, Yizhao Wang, Joanne Warway, Rosanna Wojcik, Paige Woodhouse, Jie Zhen.<br />

MAINFREIGHT AIR & OCEAN NEWCASTLE Julia Brogi, Luke Chance, Benjamin King, Scott Shea. MAINFREIGHT AIR & OCEAN PERTH Mohammed Al-Aumary, Emanuela Ambrosone,<br />

Alexander Borovik, Hannah Chambers, Megan Courtney, Dwayne Dsouza, Savannah Dsouza, Jack Ellis, Jesse Galende, Loganayagie Govender, Bianca Harris, Brett Hoare, James Lindsay,<br />

Misha Mandalia, James McCrone, Juan Ospina Cardeno, Jueyu Peng, Maria Pereira Madeira, Cynthia Potgieter, Jennifer Reid, Brendan Roche, Stefanie Schroeder, Una Tohovaka, Jurgen Tuiza,<br />

Joel Ward, Shane Wilson, Yuan Zhou. MAINFREIGHT AIR & OCEAN SYDNEY (AIRFREIGHT) Jordan Andersen, Darren Bird, Michael Blackburn, Mirjana Bridge, Emma Brockbank,<br />

Mark Bugden, Matthew Canturi, Paul Enriquez, Petelo Falaniko, Lisa Harrison, Zara Harrison, Sophie Hill, Kathleen Hoglund, Michael Hunter, Kosta Ioannou, Dylan Jones, Tasman Jurd, Julie Lee,<br />

Marika Lenzo, Kin Li, Yanhua Li, Angela Lim, Alex Mac, Joanne Mani, Debra May, Tyrell Mayfield, Damien McNamara, Angelina Nasr, Michael Neoklis, Liong Purna, Ethan Redman, Rebecca Reid,<br />

Sofia Rida, Imran Shaikh, Joelan Simpson, Kylie Strickland, Lee Symons, Joshua Thomas, Kurt Van Ummersen. MAINFREIGHT AIR & OCEAN SYDNEY (SEAFREIGHT) Daniel Alterator,<br />

Lee Amour, Caitlin Anderson, Luke Andreatta, Amber Bailey, Melissa Bakouris, Elisa Bonica, Skye Budd, Justin Bunton, Juan-Diego Cabada-DeSouza, Vanessa Carangelo, Ryan Chan, Mitchell Christie,<br />

Brian Tito, Borce Trajcevski, Natalie Trajkovski, Viet Tran, Branislav Trifkovic, Jeretz Tutagalevao, Francis Tuua, Vincent Tuua, Jordan Unasa, Mehmet Uyar, Lilly-Regina Vaisa,<br />

Parmjeet Singh Verma, Rajinder Verma, Leigh Vlasblom, Richard Vlasblom, Sander Vreeburg, Massey Wade, Georgia Warner, Jack Weiler, Martin Wierzbicki, Christopher Williams,<br />

Stephanie Zaharias, Nathan Zahra, Huitao Zhou. MAINFREIGHT NEWCASTLE Nathan Allen, Steven Armstrong, Manjit Bains, Paul Beatson, Alexander Bozinovski,<br />

Jacqueline Braeuning, Kristen Cameron, Jiri Cehak, Tony Cross, Brett Cullinan, Peter Cunneen, Tom Enderby, Jessica Govan, Mitchell Grainger, Shardey Hancy, Joshua Harrison,<br />

Hansra Harwinder Singh, Madison Hillier, Sarah Hobby, Ryan Kolstad, Ian Macpherson, Matthew Madden, Joshua Meads, Sasha Milenkovic, Tanya Milne, Peter Mpeleris,<br />

Brad Novarini, Robert Piltz, Kyal Popowski, Kayla Pot, Byron Price, Benjamin Ranieri, Steven Renton, Kuldeep Singh, Stephen Smith, Craig Steer, Sydney Stevenson, Rachel Walker,<br />

Brooke Walklate, Bradley Warry, Gerard Wheeler, Ryan Wilcox, Jason Willoughby. MAINFREIGHT PERTH Richard Acquado, Muchsin Alaydrus, Greg Anthony, Daniel Beeston,<br />

Jayden Bethune, Fraser Black, Timothy Brocas, Christopher Brookshaw, Stephen Bull, David Burton, Caleb Caporrella, Mohamed Cheaib, Carlo Chiellini, Arun Chopra, Jake Colonico,<br />

Johnny Cristopoulos, Shaun Davy, Raquel DiMaggio, Samuel Evans, Sinan Fazlilar, Jeffrey Field, Paul Gibson, Gurpreet Singh Gill, Rob Glerum, John Go, Jesse Gray-Morgan, Daniel Harvey,<br />

Graham Herd, John Hope, Imogen Howes, Brian Jackson, Miriam Jansen, Sarah John, Gene Johnson, David Kake, Sarah Kemp, Gurpreet Singh Khangura, Jaswant Singh Kharoud,<br />

Pardeep Kumar, Trae Lindner, Rajesh Lohan, Hanna Matthews, Brent McIntyre, Dasean McQueen, Bailey Mitchell-Jennison, Tane Morgan, Troy Morriss, Jack Mullin, Phil Nguyen,<br />

Yohaan Olifiers-Wegman, Anh Quoc Phan, Holly Raynor, Robert Rix, Annette Roberts, Avon Rowse, Dilbag Singh Sandhu, Ravi Sandhu, Damian Schoppe, Jatinder Singh, Jatinder Singh,<br />

Rajdeep Singh, Avtar Singh Deol, Amandeep Singh Sandhu, Pushpinder Singh Sandhu, Aida Suljic, Christine Sutherland, Simon Tasker, Graeme Tilley, Andrew Tjitra, Cameron Townsend,<br />

Corey Townsend, Piutau Tuitupou, Varinder Tuli, Paul Van Dam, Huy Quoc Vu, Desma Wallace, Peter Webb, Jing Wen, Jessica Wernicke, Daria Yuldasheva, Ekaterina Zenkova.<br />

MAINFREIGHT SYDNEY (ERSKINE PARK) Ahmad Alafsa, Todd Austin, Jackson Bartlett, Billie Brown, Jarryd Browne, Emma-Leigh Burgers, Avinesh Chand, Ronald Chand,<br />

Manhal Deli, Cullen Dickson, Alan Ebadi, Mathew Edwards, Nathan Emms, Linda Gettings, Natalie James, Dominique Javina, John Kabbabe, Adam Khammo, Raj Kugan, Kayla Leaper,<br />

Amanda Linfoot, Jonathan Lualhati, Martine Malquisto, Loseli Manu, Erina Morehu, Sunil Panchani, Thomas Pham, Laila Piantino, Fonofili Poloka, Victoria Potifara, Lisa Profilio,<br />

Mitchell Quinn, Donald Ram, Adam Robey, Wendy Salelesi, Christopher Sila, Bobby Singh, Weiquan Su, Iiaisaane Taai, David Taeiloa, Liam Thompson, Nicola Thompson, Finau Tupola,<br />

Taane Tupola, Tahanui Tutavake, Anoti Vaka, Toni Whelan, Paul Willats. MAINFREIGHT SYDNEY (PRESTONS) Obaida Alameddine, Sam Ale, Fadi Al-Mallou, Sharon Ama,<br />

Mohammed Beydoun, Bilal Bhatti, Dana Bogic, Corey Braid, Amy Briggs, Belinda Bright, Caleb Brodrick, Laisenia Burewe, Armani Busby, Shenaye Campbell, Nayan Chand,<br />

Ashleigh Collins, Trent Collins, Kim Corpin, Alana Crichlow, Blake Curran, Daniel Curtis, James Darby, Shiraz Dean, Navdeep Deogun, Ryan Duffield, Danny Ellyard, Hilal Fawaz,<br />

Mohamad Fawaz, Russell Fender, Amelia Fifita, Kooper Fiseris, James Fitzpatrick, Mahmood Forati, Asipeli Fotofili, Joseph Anthony Franco, Duraed Gabrail, Tayfun Gezer, Imran Goraya,<br />

Vishnu Gounder, Daniel Grbanusic, Thomas Han, Geoffrey Heard, Rosario Herbereau De La Chaise, Liana Hogarth, Kingi Hoskin, Declan Jackson-Harris, Kathryne James,<br />

Samuel Jenkins, Mark Jona, Lolomanaia Kakala, Sarah Kimmings, Zed Komsic, Sachindra Krishnan, Timothy Langereis, Megan Lawson, Diego Ligon, Faaoo Lolenese, Surendra Madala,<br />

Mark Mariano, Patrick Masaisomug, Gurvinder Matharoo, Michael McIvor, Robert Meredith, Yiannis Michael, Philip Millikin, Vanya Moana, Richard Morales, Magele Muaulu, Parul Nagpal,<br />

Avinesh Naidu, Tai Nguyen, Vanessa O'Neill, Jennifer Orellana, Suza Paceskoski, Cindy Page, Pita Palepoi, Junior Papalii, Kelela Pasina, Vinay Patel, Steven Pavitt, Bill Perese,<br />

Oliver Petrovski, Christopher Phelan, Simone Phillips, Iosefa Pule, Ragneil Ratnam, Debbie Rawiri, Reti Reed, Dean Ring, Channa Rodrigo, Rafael Rueda, Shiu Sambhu, Jody Savage,<br />

Strantz Schaumkel, Ramy Segar, Tony Segar, Mirsad Serifovic, Joshua Siddle, Ismael Silvera, Harbans Singh, Pranit Singh, Randhir Singh, Tyreece Siofele, Naim ( Nino) Sioufi, Alex Smith,<br />

Alan Spackman, James Staines, Stefano Tahi, Fredrick Tevaga, Nicolaos Tourgelis, Jade Towle, Timothy Trainor, Anthony-Minh Tran, Zoran Trenkoski, Filipine Vave, Sione Vave,<br />

Vanja Veljkovic, Bruno Vidigal, Jyzayah Vidigal, Ajay Vijay, Mark Vincent, Denise Vitellaro, Ratu Vuibau, Vikrant Wadhwa, Jack Walker, Mary Wall, Tershel Watene, Peter Wilson,<br />

Paige Woods, Reginald Woonton, Angus Zammit. MAINFREIGHT TAMWORTH Toby Bowen, Dominic Jones, Alexander Maguire, Nicola Robinson, Douglas Williamson.<br />

MAINFREIGHT TASMANIA Gary Ritchie. MAINFREIGHT TOOWOOMBA Richard Briel, Tegan Daly, Stanley Grubb, Brodie Malone, Jackson O'Brien, James Podlich,<br />

Liam Single, Jay Tuautu, Clayton Walker. MAINFREIGHT TOWNSVILLE Keith Abrahams, Steven Ace, Jack Grimwood, Jason Hughes, Shannon Lamont, Tierre Mallinson, Joel Nikeller,<br />

Michael Richards, Cameron Saleh Eastwell, Chad Simpson, Peter Underwood, Scott Wilton. MAINFREIGHT TRARALGON Kristian Barfuss, Edward Dunn, Brayden Hackling,<br />

Travis Hackling, Amit Kumar, Jackson Lowry, Gurpreet Singh, Harjoben Singh, Itwinder Singh, Parvinder Singh. MAINFREIGHT WOLLONGONG Emmanuel Bakenga,<br />

Samantha Daley, Rebecca Gristwood, Kenneth Hutchinson, Liam Marsden, Harrison Wright. MAINFREIGHT AIR & OCEAN ADELAIDE Cameron Allpress, Mikaela Anderson,<br />

Hayley Barnes, Gary Birmingham, Hayley Collins, Jaimie Collyer, Anari Dirksen, Jodie Dirksen, Joshua Laidlaw, Adriana Marafioti, Georgina Neaylon, Bianca Newbery, Michael O'Donnell,<br />

Julie Costopoulos, Julie Deang, Linda Fan, Salvatore Forzisi, Julia Glavincevski, Tyne Green, James Hartigan, Lynda Hopper, Vanessa Jaconelli, John Kerry, Shaoji Liu, Carol Ma, Jimmy Ma,<br />

Cassandra Mangan, Joumana Nasr, Tai Ngaau, Minh Ngo, Natalie Nikolovski, Joshua Noakes, Kayla Phuyal, Margaret Reynolds, Gabrielle Ricketts, Elizabeth Rush, Rebecca Sears, Maral Shiralizadeh,<br />

Urvi Soni, Melissa Stanley, Johannes Szeto, Samuel Taylor, Sonia Taylor, Callum Walker, Jiamin Wang, Jiaqi Wang, Matthew Ward, Riwa Wiki, Kit Woo, Sungwon Yoon, Hua Yu, Roselyn Yuen,<br />

Chen Zhao. MAINFREIGHT AIR & OCEAN TOWNSVILLE Angela Etika-Fenwick, Melyssa Hobbs. MAINFREIGHT FTL MELBOURNE Brian Cook, Ayman El Saafen, Luke Grimes,<br />

Victoria Thermos. MAINFREIGHT FTL PERTH Paul Read. MAINFREIGHT IT MELBOURNE Darrel Byrnes, Jonathan Holmes, Michael Hood, Aditya Hooda, Sandeep Kaur, Megan Mackay,<br />

Bruno Marra, Amer Mazloum, Andrew McLeod, Arun Narayanan, Kate Oakley, Darryn Petricevich, Benjamin Renehan, Suman Shaganti, Justin Ventura, Anthony Venuto, Marija Vukovic, Samantha Ward.<br />

MAINFREIGHT IT SYDNEY Mark Taai. MAINFREIGHT METRO BRISBANE Nathan Adamson, Scott Aspinall, Alberto Basile, Noel Cumner, Timothy De Beer, Gurjot Dhillon,<br />

Harminder Dhillon, Jagdip Gill, Pardeep Gill, Cody Hart, Timothy Hopgood, Troy Hoswell, Yvonne Ili, Gurpreet Singh Jattana, Jigneshkumar Patel, Steven Pomeroy, Christian Sereno,<br />

Harvinder Singh, Satinder Singh, Marcus Trye, Nicholas Turner. MAINFREIGHT METRO MELBOURNE Yilma Ashebire, Amandip Aujla, Cuneyt Aygun, Angela Barkho, Fadia Barkho,<br />

Daniel Casha, Kane Clark, Lachlan Clark, Adam Davidson, Gurpiar Deol, Kolio Falealii, Matthew Goodwin, Daljeet Goraya, Rifet Gorovic, Steven Harding, Palwinder Joshan, Rajinder Joshan,<br />

Bereket Mulholland, Amrinderpal Pannu, Grace Polgar, Jessica Principato, Gurtej Singh Rana, Ozkan Sener, Kamal Sharma, Bikramjit Singh, Gurjeet Singh, Harmandeep Singh, Harpreet Singh,<br />

Jagjit Singh, Jasvir Singh, Nanak Singh, Navjot Singh, Ramandeep Singh, Ramanpreet Singh, Satwinder Singh, Sukhdip Singh, Tarandeep Singh, Varinder Singh. MAINFREIGHT METRO<br />

SYDNEY Arthur Alexiou, Irfan Raiyaz Ali, Mohammed Ashifdar, Admon Audisho, Arpeet Baral, Dallas Blitvic, Michael Blitvic, Deni Bozinovski, Sarmad Butres, Rakesh Chand,<br />

Ethan Cole, Fadi Daftar, Hong Diep Pham, Tony Dimovski, Francisco Ferreira, Alexander (Sandy) Fitzgerald, Hadi Ghafary, Kylie Jones, Paul Jones, Kire Josevski, Nick Karapalevski, Oneal Karimo,<br />

Eric Khauv, David Komo, Andrew Kumar, Michael Lacey, Van Le, Christopher Maggs, Zac Mohamad, Steve Naamo, Selvakumar Navarathinam, Ngoc Dinh (David) Nguyen, Thai Nguyen, Sally Oorloff,<br />

Ricardo Pan, Jayraj Panchal, Anabelle Philippe, Lindsay Puckeridge, Mike Ratnayake, Clayton Ratu, Maetham Salah Zeebala, Sujeet Singh, Xingzhi (Didy) Sun, Dung Ta, Nikolce Tasevski, Joshua Taylor,<br />

Thanh Tong Le, Goran Trajkoski, Ray Warsan, Monathal (Michael) Yousif, Sami Kifah Zbala, Ghulam Zohori, Mushtaba Zuhori. MAINFREIGHT MOBILE MELBOURNE Hamish Bradley,<br />

Joseph Ivano. MAINFREIGHT MOBILE SYDNEY Mitchell Doorey, Sean Gold, Darko Golub, Christina Guarrera, Blake Ison, Toese lese, Sebastian McClure, Stephanie McClure, Rodney Meatoga,<br />

Chrystal Moffat, Star Paleti, Daniel Payne, Benjamin Podsiadlo, Benjamin Scherer, Jordan Smith, Paul Tozer. MAINFREIGHT WAREHOUSING ADELAIDE Lachlan Campbell, Gregory Edgar,<br />

Patrice Hall, Sean Howell, Scott Knight, Aaryn Minerds, Jake Peregi. MAINFREIGHT WAREHOUSING BRISBANE (BERRINBA) Jade Campbell, Paul Fraser, Rowan Gill, Emma Hemmings,<br />

Matthew Little, Brandon McCorkindale, Kirk McDonnell, Joshua Penny. MAINFREIGHT WAREHOUSING BRISBANE (LARAPINTA) Alastair Afele, Fetolofai Ah-Ching, Kale Christison,<br />

Visar Cocaj, Jacob Fioriti, Kristien Fioriti, Kate Fraser, Sian Gaebler, Nicholas Gardner, Olivia Goldsack, Jakob Hansson, Gordon Hay, Nikki Hemmings, Joria Howard, Barry Keleher, Nickie Libonda,<br />

Bianca Licciardello, Christine Meekings, Ese'ese Moe, Jason Moroney, Daniel Mullins, Finn O'Brien, Alexander Odri, Jessa Pinili, Tracey Redman, Kane Sauaga, Eric Taylor, Fiona Trebilcock,<br />

Michael Walker, Johnson Wang. MAINFREIGHT WAREHOUSING BRISBANE (RADIUS DRIVE) Zachary Addison, Harish Bhandari, Timothy Craig, Hamza Djogic, Natasha Fraser,<br />

Chelsea Gardiner, Michael Hurlimann, Ramin Hurmat, Jesse Leotta, Ryan Lewis, Charlie McDermott, Craig Moller, Jacob Murphy, Jacob Norris, Lachlan Perryman, Kurt Pincombe, George Raman,<br />

Bianca Reck, Matthew Smith, Olomaene Tago, Damon Taylor-Grainger, Brandii-Leigh Webster, Harry Winterbourne, Simon Wishart, Michael Wuruki. MAINFREIGHT WAREHOUSING<br />

MELBOURNE (DANDENONG) John Anitipa, Molly Boswell, Matthew Cartledge, Jake Charles, Kaytlyn Davies, Craig Fenney, Milka ilijanic, Patrick Kerr, Shannon Lomas, Daniel Martin, Ryan Muir,<br />

Aaron Rozario, Amit Singh, Dalwinder Singh, Snezana Stevanovic, Declan Storm, Joel Winder, Shaun Winder. MAINFREIGHT WAREHOUSING MELBOURNE (DERRIMUT) Eve Alexiadis,<br />

James Bower, Jennifer Colditz, April Farver, Mikaela Forgione, Michael Goggin, Khoi Hoang, Antony Johns, Denzel Johns, Aleksandra Jovanovski, Benjamin Kidd, Andrew Lai, Bradley Lightburn,<br />

Esekia Manuele-Malagaoma, Rhonda Marroun, Michayla McKenzie, Shahir Momin, Lingna Ngo, Ghi-Na Nguyen, Nam Phan, Jacob Regester, Isaiah San Jose, Brendan Shergill, Monika Stojkovska,<br />

Zorica Talevska, Serhiy Timoshchenko, Michelle Tuiloma. MAINFREIGHT WAREHOUSING MELBOURNE (DEXTER DRIVE) Jacob Bateman, Aaron Bond, Serene Byrne,<br />

Aaron Campbell, Riley Chlopek, Lachlan Condron, Stephen Cordeschi, Michelle Costa, Alexander Craven, Michael Cvetanovski, Omran El Chaaban, Karim Elzanaty, Burak Etlik, Liam Evans, Stephen Fallon,<br />

Lachlan Fita-Knight, Michael Galluzzo, Marc Gymnopoulos, Nicholas Hadzikan, Noah Heslington, Adam Johnson, Andrew Journeaux, Albert Lam, Phillip Le, Nicholas Marangos, Daniel Mason,<br />

Michael McCrae, Angelo Michael, Karim Moham, Aviti Mulitalo, George Mulitalo, Andrew Phan, Hugh Phillips, Nathan Power, Sian Rogers, Bailey Simpson, Jasmin Skenderovikj, Brent Smith,<br />

Callum Stuart-Smith, Aaron Varga, John Varghese, Michael Vasiliadis, Deepak Vasisht, Jaclyn Williams, Jason Wilson. MAINFREIGHT WAREHOUSING MELBOURNE (EPPING)<br />

Devran Alacam, Rizza Anicete, Liam Bailey, Nikola Basic, Deshawn Bastian, Jayson Bedford, Frank Blazincic, Bruno Bonfa, Samantha Boult, Matthew Bozzi, Mitch Bryan, Kristian Caceres, Dat Cao,<br />

Brooke Carter, David Ciancio, Jeremy Collins, Salvatore Costa, Jacob Curic, Kimberley Davis, Julian De Napoli, Anthony Dib, Nicholas Dinneen, Zane Doyle, Khoder El-Chaaban, Bursa Eroglu,


41 42<br />

Anthony Folino, Anthony Gebrail, Costas Georgiou, Tomas Gertler, Harley Gordon, Aaron Gorlitz, Tatijana Grncarevska, Jake Groves, Marcus Hatzistavrou, Nick Hodges, Lisa Hogan, Hung Huynh,<br />

Erin Icbudak, Riyaz Jordan, Khusvir Kaur, Gabriella Kebede, Kirsten Kerry, Denis Kovalev, Micheal Lai, Daniel Lavars, Nathan Lewis, Peter McNally, Santino Merluzzo, Lachlan Millard, Peter Moodley,<br />

Michael Morello, Hazuki Morito, Millie Mules, Jay Nepomuceno, Paris Nicolaides, Jerome Noel, Aidan O'Callaghan, Lauren Peters, Metodij Petrevski, Dominica Poutini, Tahlia Prestia, Thomas Purdie,<br />

Daniel San Jose, John Sarkis, Jasmine Schummy, Emma Sharpe, Bozidar Simjanoski, Gabriel Simonetti, Xavier Smith, Ethan Stevanoski, Harmon Taulapapa, Valentin Teles, Ieremia Te'o, Michael Thermos,<br />

Madeson Thompson, Nathan Trow, Jeremiah Tyrell, Renata Ugrinovska, Lucille Van Den Ham, Zak Wairepo, Jaafar Wannouch, Laura White, Monique Williams, Lauren Wilson,<br />

Jordan Young. MAINFREIGHT WAREHOUSING PERTH Gabriel Abbott, Helen Brookshaw, Craig Ellis, Matthew Elphinstone, Bradley Greipl, Alexander Griffin, Tom Keshimana, Nicholas Marshall,<br />

Joseph McNamara, Taras Melsom, Shaun Minnaar, Justin Morris, Sasa Pelemis, Kyle Potgieter, Ricky Sassanelli, Curtis Spencer, Jhon Sumooc, Cody Symons-Smeath, Brendon Taylor, Zachery Taylor,<br />

Daniel Trapanovski, Ryan Vagg, Yokke Verbert, Joel Verteramo, Harrison Worton. MAINFREIGHT WAREHOUSING PERTH (KEWDALE) James Adamson, Jaydn Carr, Lucas Evans,<br />

Christopher Greipl, Catherine Le'Ota, Joshua Matthews, Shaun Passmore, Pauline Poi, William Tuheke-Wade, Todd Vallerine, Hayden Woodfield. MAINFREIGHT WAREHOUSING<br />

SYDNEY (EASTERN CREEK) Wares Ahmed, Ezekiel Barojabo, Marrion Barojabo, Aleesha Bishop, Brendan Burke, Andrew Christiansen, Rowan Cooke, Joshua Cutrupi, Connor Dodd,<br />

Meg Grange, Sam Hamzeh, Lisia Haunga, Baljinder Kaur, Blake Kelly, Arif Khan, Jenny Laksamba, Ryan Le, Charis Leleimalefaga, Lachlan Mackenzie, Sean Moe, David Nguyen, Shyam Rai,<br />

Nilakshan Sharvanandha, Christopher Spasenovski, Chelsey Taylor-Sweeney, Nicholas Winter, Pavlos Xiras. MAINFREIGHT WAREHOUSING SYDNEY (INGLEBURN) Sahil Bhatia,<br />

Nicholas Bosilkovski, Christopher Buxton, Raymond Camillire, Emily Cosgrove, Ryan Denmeade, Sejla Dizdaric, Jordan Falcioni, Scott Green, Susila Ika, Matthew Ng, John Pazeski, Benjamin Robins,<br />

Leila Ryder, Melona Sabellano, Alison Shepherd. MAINFREIGHT WAREHOUSING SYDNEY (KOOKABURRA) Denielle Aguirre, Joseph Aguirre, Ghazwan Al-Zouhairy, Shamsul Arefin,<br />

Luke Arena, Bethany Baillie, Evaneil Berioso, Juneilyn Berioso, Michael Bernardoni, Lillian Bradbury, Selina Cabrera, Paul Cassar, Anthony Chaing, Aakash Chand, Shepherd Chigiya, Andrew Clark,<br />

Brooke Clark-Eveleigh, Ivy Cuizon, Tuan Dao, Maitri Dhiman, Kire Dimovski, Thelma Drew, Ngoc Duong, Kamal Eldirani, Scott Forsyth, Liulotu Gaugau, Matthew Gowman, Kylie-Ann Hines, Louisa Ilaoa,<br />

Singh Kaing Chhy, Amandeep Kaur, Samuel Kean, Umair Khan, Phillip Krivoshev, Rajeenth Kugathas, Noralynn Lafai, Dianedis Leaaetoa, Timena Levale, Paul Loveridge, Cecilia Makario, Annie McKee-Salesa,<br />

Eli Mikhael, Nicholas Naidu, Michelle Nash, Scott O'Reilly, Shaun O'Reilly, Sunti Ouk, Alexandru Panait, Brandon Pangnanouvong, Vitda Pangnanouvong, Luke Parkes, Gerald Randle, Jessica Rao,<br />

Kalen Rawiri-Reed, Patrick Reynolds, Ashley Ross, Vandhana Ross, Christopher Rowland, Mitchel Rush, Karl Rutherford, Sean Sammut, Alessia Samperi, Kartika Sari, Premal Shah, Julie Siliu, Morgan Sillis,<br />

Dana Sinclair, Baljit Singh, Nicholas Singh, Craig Smith, Adam Spina, Danielle Suafa-Solofuti, Christian Szela, Christian Taotua, Stefan Tasevski, Andrew Taylor, Jacky Tran, James Tsakonas, Daphne Vaka,<br />

Aaron Vallely, Seini Vave, Sebastian Vella, Kayte Wales, Bradley Walsh. MAINFREIGHT WAREHOUSING SYDNEY (PRESTONS) Zahra Ali, Chantelle Ashton, Dylan Ball, William Beer,<br />

Marissa Berioso, Lavalu Bott, Naomi Bott, Raymond Burgess, Charlie Camilleri, Viviana Carreno, Catherine Catania, Augusto CepedaSimoes, Virginia Cheong, Pik Choy, Dalton Christie, Rebecca Cummins,<br />

Moises Da Silva, Quoc Dang, Pramendra Datt, Dalena Duong, Josh Eastwell, Desmond Esera, Andrew Fabien, James Forbes, Florita Forrester, Vincenzo Frith, Chamseddine Gafsi, Sam Gholab, Sok Ghoy,<br />

Shannon Grono, Tannia Gujanto, Thomas Han, Joe Harris, Christina Henry, Gareth Howells, Aris Izmirlian, Michael Jackson, Yu Jing, Leanne Jones, Matt Kennedy, Erato Koukides, Matthew Lam Cang Bap Tai,<br />

Kukama LelilioSiu, Pene Lipine, Adrian Luong, Rangimarama Maa Tauati Iakopo, Tuone Maile, Juan Mantes, Stacey Maundrell, Glenn McDonald, Michelle Micallef, Nicole Michael, Ivana Mitreski,<br />

Brock Montgomery, Mitchell Montgomery, Brooke Moretti, Sean Myers, Alisha Nagi, Michael Nelson, Thi Nguyen, Pohorambage Nilantha, Swee Ong, Franca Onwodi, Delia Osorio, Faye Pating,<br />

Keith Penman, Hashan Perera, Hong Pham, Lachlan Pham, Sopha Phimmasone, Ronald Prasad, Fernando Puglia, Ashlie Rawnsley, Sokpanha Reach, Jackson Reed, Alex Rivera, Samuel Robins,<br />

Andrew Robinson, Emma Rokich, Tarek Saad, Dane Saunders, Dragan Simonovski, Billy-Jean Sio, Sarah Siyavong, Matthew Smith, Stuti Sudiksha, Tristan Talent, Florence Talolua, Suhandy Tengara,<br />

Shayne Zhang, Yukey Zhang, Laney Zheng, Jenny Zhong, Phoebe Zhu, Canni Zou. MAINFREIGHT TIANJIN Amber Cao, Sage Chang, Carol Chen, Doris Ji, Yoyo Jin, Alex Li, Sherry Li,<br />

Angela Liu, Evelyn Song, Zoom Sun, Wendy Tian, Tracy Xu. MAINFREIGHT XIAMEN Renny Chen, Roger Chen, Roy Chen, Sally Chen, Tina Chen, Colin Cheng, Jessica Chou,<br />

Andy Guo, Jacky Huang, Will Li, Babbli Zhang, Bressanone Zhu. HONG KONG CAROTRANS HONG KONG Chris Chan, Meki Chan, Dennis Chau, Cynthia Cheng, Coey Cheuk,<br />

Emma Fan, Perry Lau, Sharon Lee, Judy Leung, Justin Mak, Jordan Ni, Daffy Wong, Michael Wong, Yvonne Yick. MAINFREIGHT HONG KONG Andrew Chan, Candy Chan,<br />

Gary Chan, Jerry Chan, Joe Chan, Maria Chan, Yvonne Chan, Wilson Chen, Joe Cheng, Mandy Cheng, Eddie Cheung, Ida Cheung, Tiffany Cheung, Clement Chong, Queenie Chong,<br />

Grand Chow, Mapy Chow, Pauline Chow, Cary Chung, Shirley Fong, Elly Fung, Vincent Fung, Winnie Huen, Franklin Hui, Noel Kong, Peter Koo, Kurt Kwan, Elyse Lai, Steve Lai, William Lai,<br />

Franky Lam, Ivy Lam, Jacky Lam, Jasmine Lam, Cathy Lau, Kittie Lau, Simon Lau, Tony Lau, Judith Law, William Law, Joe Lee, Jouann Lee, Matthew Lee, Cyan Leung, Jason Leung,<br />

Kit Leung, Tony Li, Shirley Liu, Maggie Lo, Phoebe Lo, Franky Lui, Beryl Ng, Jaimie Nip, Ming Pang, Ambrose So, Burt So, Bruce Song, Duncan Tang, Li Son Tjung, Ricky Tong, Winnie Tong,<br />

Fannie Tsang, Candice Tsui, Crystal Wong, Michelle Wong, Nam Wu, Ada Yeung, Miki Yip, Kris Yu, Ray Yu, Sherman Yuen, Nichi Zhui. JAPAN MAINFREIGHT JAPAN Chie Aki,<br />

Yuko Godai, Nana Kaneko, Satoe Kojima, Mami Konishi, Motoko Murata, Tomoko Sonoda, Ryosuke Tohma. KOREA MAINFREIGHT SEOUL Sanghyun Baek, Chris Jeong,<br />

MiSeon Kang, Dustin Kim, Eunkyung Kim, Minji Kim, Tei Kwak, Sol Lee, Yookyoung Lee, Juhyun Park. MAINFREIGHT BUSAN Song Yee Park, Edward Son, Junho Woo,<br />

Sooryun Yoo. MALAYSIA MAINFREIGHT MALAYSIA Jin Wen Ang, Buwana Baba, Chi Yee Chew, Hwei Loo Lee, Weng Keong Lee, Ming Ian Liang, Pei Nei Lim, Vei Kit Lim,<br />

Jean Ying Ng, Pei Ling Tan, Chee Wei Yap, Keen Shyang Yap. SINGAPORE MAINLINE SINGAPORE Leen Bakar, Jolynn Bey, Elaine Chan, Matthias Eng, Adrian He,<br />

Salihin Joraimi, Steven Lim, Veron Low, Doreen Ng, Xin Er Tan, Renee Tan, Shaun Tan, Jasper Tee, Rebecca Vuksanovic, Michelle Yip, Billy Zhang. TAIWAN CAROTRANS<br />

TAIWAN Rain Chang, Cindy Chen, Nico Kuo, Eva Lin, Samantha Lo, Chloe Wu, Kelsey Yang, Egbert Yu. MAINFREIGHT KAOHSIUNG Joanna Bao, Mia Cheng,<br />

Joyce Huang, Landy Huang, Jean Liu, Aurora Lu. MAINFREIGHT TAIPEI Sandy Chang, Zoeie Chao, Josephine Chen, Jimmy Chien, Jake Chueh, Arwin Hsu, Hector Hsu,<br />

Willson Huang, Esther Kuo, Sindy Lee, Angelic Lin, Eric Peng, Hank She, Stanley Su, Alison Yeh. THAILAND MAINFREIGHT THAILAND Pattamanun Anuchitananon,<br />

Sukanya Boonrueng, Withanya Ceetantivech, Saowanee Chaiparinya, Nawarat Chalitapanukul, Chatchawan Channim, Piyanee Chinnarak, Jirunya Chummongkol, Wuttichai Intarasil,<br />

Patcharin Jakarathorn, Sarayuth Kaewkern, Siriporn Kamin, Sirawit Khunkhwa, Pathumporn Klinkaewpa, Salintip Lakananuwat, Napassorn Mamaethong, Jinatta Moomboon,<br />

Napaporn Promsith, Peeyaporn Puangkheaw, Narong Sae-Iew, Jidapa Saeyab, Virongrong Sangkaew, Kasidit Sarapanwong, Supang Somboonkusolsil, Sirinlux Suebkam,<br />

Chartlada Suksangacharoen, Sawinee Thavee, Ampaiphan Thippued, Varita Towantana, Sommai Trakarnrung, Thanyaporn Tuantua, Chomanat Wongthongdee.<br />

VIETNAM MAINFREIGHT VIETNAM Christina Dao, Scarlet Hoang, Jayce Huynh, Joy Le, Julia Le, Nora Le, Annie Ngo, Caryln Nguyen, Kris Nguyen, Richard Nguyen,<br />

Selena Nguyen, Hailey Pham, Mia Pham, Ricky Pham, Anna Phan, Sindy Phan, Ryan To, Cherry Tran, Charlie Truong, Lucas Vinh.<br />

AMERICAS | CANADA MAINFREIGHT TORONTO Steve Armold, Page Arnold, Dean Baran, Tashnia Bari, Peter Casimiri, Dalida David, Elchanan Fontaine,<br />

Indrea Jacobson, Carrington Lyons, Mohammad Rahman, Amelia Richardson, Shawn Roach, Karanveer Singh, Robert Stocks, Andy Timmins, Shaun Upper, Pham Phuong Vo,<br />

Karel Watkins, Tinesha Williams. MAINFREIGHT AIR & OCEAN TORONTO Alessandra Aguiar, Gustavo Amorim, Jessica Arenales Solano, Anais Blanc, Kanika Chopra,<br />

David Dominguez Gonzalez, Negar Fathi, David Frisina, Manu Konda, Stacey Mitchell, Prince Ofori, Aditya Prabhu, Rafey Sethi, Arsalan William, Simon Yu, Adam Crowley, Mateo Diaz,<br />

Nathan Thomas, Kodie Thompson, Michael Thompson, Cheyenne Tolley, Rheannon Tolley, Malorie Torrefranca, Emily Tran, James Tran, Kevin Tran, Tin-Shing Tse, Junior Tufuga, Roy Umblas, Dolores Upton,<br />

Kim Van, Tiana Vartiainen, John Vo, Lisa Vo, John Wadey, Lachlan Washbourne, Sophal Yos, Shane Zielonka, Zoe Zorbas. OWENS BRISBANE Shareen Ali, Daniel Andrasescu, Jagdeep Singh Bainsal,<br />

Glen Beazley, Paul Bellamy, Desmond Bertram, Manjit Brar, Yadwinder Singh Chahal, Darren Copland, Nicholas Copland, Jamie Davis, Nunzio Fichera, Gurpreet Singh Gill, Shaun Gilmour, Adam Horne,<br />

Sapan Jariwala, Gurjeet Kaur, Sandeep Kumar, Ashlee Levy, Fereniki Londy, Teofil Lucaciu, Murray Mcmahon, Riley Mullins, Gurender Pabla, Kim Pawsey, Kane Pinney, Matthew Provost, Muhammad Rana,<br />

Jaiden Real, Mark Redman, Brit Reynish, Mustafa Rezaie, Dalbir Sandhu, David Sandor, Davinder singh Sekhon, Amandeep Sharma, Parmvir Sidhu, Jaspal Singh, kirpal Singh, Manbir Singh, Manpreet Singh,<br />

Pushpinder Singh, Simranjeet Singh, Sukhnandandeep Singh, Timothy Stewart, Parmvir Singh Thind, Alina Tyurin. OWENS MELBOURNE Aydin Amit, Nick Apostolovski, Zach Apostolovski,<br />

Meron Ashebire, Gaurav Bhatti, Alanah Cecconato, Peter Challenger, Anthony Coles, Courtney Collier, Jose Conejera, Greg Cook, James Counihan, Bakhtawartei Dehal, Roderick Douglas, Krystal Fox,<br />

Peter Fox, Manuel Goncalves, Ben Greig, Christian Hargreaves, Jake Hedley, Zachary High, Janberk Ilhan, Mandeep Jackson, Courtney Katic, Georgia Kelly, Raj Kumar, Peter Kwas, Parveen Lamba,<br />

Alec Letoga, Vince Mammone, Narinder Rai, Mackenzie Rex, Josue Rodriguez, Andrew Rossiter, Nigel Rouse, Martin Sammut, Garry Sandhu, Ichi Santiago, Ann-Maree Simmons, Avtar Singh,<br />

Baljinder Singh, Gurvinder Singh, Harwinder Singh, Ishbpreet Singh, Malvinder Singh, Manpreet Singh, Sandeep Singh, Surjit Singh, Varinderpal (Vinnay) Singh, Captain Singh Sidhu, Andrew Smith,<br />

Toby Smith, Andrew Thompson, Ross Turner. OWENS PERTH Samantha Cox, Laine Cream, Makenzie Hewitt, Nicholas Kotz, Kieran McAlpine, Anthony Pain, Brittany Potter, Gethash Ramlukun,<br />

Naven Ramlukun, Sumit Sehgal, Paul Sheppard, Harwinder Singh, Parkash Singh, Pipal Singh, Pradeep Singh, Tejwant Singh, Gurvir Singh Jhajj, Gurjant Singh Randhawa, Hayden Smith,<br />

Netana Soul Solomon-Tauhinu, Luke Wilkinson. OWENS SYDNEY David Baker, Jake Beckett, Liam Boston-Bowe, Mark Boyd, Mende Bozinovski, Rob Catalano, Hirdesh Chand, Martin Clements,<br />

Kimberley Coller, Craig Connors, Colin Coulter, Nikita Dimitropoulos, Mohamed Elneny, Damen England, George Evangelou, Alex Filippakis, Glen Finlay, Nicholas Francis, Dario Fredotovic, Fidia Ghazi,<br />

Kladoula Giakoumelos, Benjamin Gilks, Andre Goncalves, Yusuf Gozubuyuk, Vic Gramosli, Preetpal Grewal, Timothy Hill Stevens, Brian Hogarty, Serine Ismail, Keith Jones, Paul Jordan, Phil Jordan,<br />

Moeez Khan, Zianal Khan, Paul Konstantinidis, Goce Kulevski, Ali Madrajat, Ngaori Maeva-Manapori, George Mantzakos, Dean Marks, Frank Masci, Paul McCracken, Tristram McKay, Vale McKenzie,<br />

Robert Michael, Cristian Montoya Brohoquis, Cuong Nguyen, Agiris Papavisiliou, Christina Papoulia, Marcus Peat, Ravi Ponnan, Mike Reid, Ljupco Ribarevski, Josephine Riservato, Pasqua Riservato,<br />

Chris Seve, Renald Sharma, Michael Skoulis, Mirce Stojoski, Graham Stone, Keith Stone, Ron Stone, Michael Strattos, Amil Sukkar, Emily Tuitufu, Emma-Jayne Vetter, Gary Ward, Ben Wilson, Eddy Wosik,<br />

Costa Xenos, Denis Xenos. TRAINING TEAM AUSTRALIA Sarah Battaglia, Troy Bennett, Darren Ciantar, Raelene Codd, Marla Costabeber, Dale Cranston, Katrina De Koning, Warren Glover,<br />

Stephanie Greenaway, Jane Henry, Rachel Hilton, Guiseppe Latorre, Monique Latorre, Christopher McGrath, Colleen Moore, Debra Netherway, Amanda Nugent, Leasa Rowley, Jessica Schuck,<br />

Kelsey Smith, Joshua Sumura, Shona Taylor, Dietmar Venkort, Gabrielle Webber.<br />

ASIA | CHINA CAROTRANS GUANGZHOU Lance Feng, Kidd Li, Jessie Xiong, Louise Zheng. CAROTRANS SHANGHAI Jackie Chen, John Chen, Allen Hu, Riyo Jiang, Apple Liang,<br />

Brianna Lu, Sophia Mao, Wendy Qi, Crystal Qin, Lawrence Qin, Lucy Shen, Elvis Shi, Helen Sun, Echo Wang, Sean Wang, Lisa Wu, Elaine Ye, Jessica Zhang, Yuki Zhang. CAROTRANS SHENZHEN<br />

Judy Chen, Monica Chen, Nina Chen, Helen Li, Jemma Liu, Wind Tan, Tracy Zhang, Connie Zhou. MAINFREIGHT BEIJING Jerry Wang, Catherine Xie. MAINFREIGHT CHENGDU Zoe Cao,<br />

Amiee Che, Phoebe Cheng, Share Du, Linda Fan, Bubble Guo, Abby Han, Stella Jiang, Amy Li, Benny Liu, Summer Luo, Elsa Mi, Enid Shi, Connie Sun, Cara Wang, Serein Wang, Summer Wang, Lumi Xiao,<br />

Ariel Xie, Rhea Xu, Roxie Yan, Joyce Yuan, Canace Zhou, Pearl Zhou, Ada Zhu. MAINFREIGHT GUANGZHOU Ben Chen, Yoyo Chen, Dick Deng, Lynn Hu, Ally Huang, Jennifer Li, Sweety Li, Jane Liu,<br />

Judy Liu, Natalie Liu, Ray Liu, Cecilia Luo, Michael Mai, Nee Ni, Anita Su, Allen Sun, Angela Wang, Castie Wu, Yumiko Yang, Cecile Yu, Amy Zhang. MAINFREIGHT NINGBO Bobo Cai, Cloud Chen,<br />

Vicky Chen, Vivi Chen, Charlie He, Selvin Lou, Rain Shan, Andy Sun, Sunny Sun, Aimee Wang, Bruce Xu, Carl Xu, Joice Xu, Cindy Yang, Paul Ye, Stella Zhang. MAINFREIGHT QINGDAO Rex Gao,<br />

Sunny Gao, Lily Guo, Suki Han, Gary Hu, Eva Jiang, Helena Li, Michael Li, Neil Li, Tiger Li, Cara Wang, Evelyn Wang, Never Xu, Miki Yuan, Jacinta Zhao, Vicky Zhao. MAINFREIGHT SHANGHAI Mario An,<br />

Joy Cai, Leo Cai, Squall Cai, Victor Cao, Joe Chen, Jonathan Chen, Neal Chen, Celine Cheng, Chris Deng, Caroline Ding, Joanna Fan, Roney Fang, Frank Fei, EVA Gao, Kelvin Guo, Melody Hang, Nina Huang,<br />

Joan Ji, Alan Jia, Alvin Jia, Mary Jiang, Lydia Jin, Nick Jin, Peter Koo, Daisy Li, Joyce Li, Lucky Li, Andy Liu, Anny Liu, Snow Liu, Moana Long, Rody Luo, Lina Ma Ma, Echo Mao, Shirley Mao, Nicole Mei,<br />

Brian Meng, Nonika Mo, Cindy Qi, Oscar Qi, Mickey Qian, Emily Qiu, Miko Ren, Janna Shao, Alisa Shen, Robert Shen, Jenny Shui, Eric Sun, Ryan Tan, Connie Tang, Penny Tang, Cherry Wang, Steven Wang,<br />

Kristy Wei, Rain Weng, Aaron Wu, Enali Wu, Rachel Wu, Carrie Xia, Ariel Xiao, Joyce Xie, Daisy Xu, Michael Xu, Steven Xu, Yuki Xu, Lily Yang, Mandy Yang, Young Yang, Mark Yao, Taro Yu, Eric Zeng,<br />

Jackie Zhang, Kimi Zhang, Melon Zhang, Onew Zhang, Roy Zhang, Vivien Zhang, Zues Zhang, Kathy Zhao, Emma Zhou, Apple Zhu, Wind Zhu. MAINFREIGHT SHENZHEN Ivy Chen, Steven Chen,<br />

Healer Diao, Eric Dong, Sundra Fu, Dora He, Dylan Ji, Vincent Lee, Aster Li, Cara Li, Sasa Liang, Jane Lin, Kimi Lin, Nicole Lin, Sunny Lin, Vicky Lin, Rolla Liu, Sophie Liu, Linda Peng, Semina Qin, Sam Shen,<br />

Snow Su, Vincent Sun, Amy Tan, Crystal Wang, Jinn Wang, Niki Wang, Iven Xu, Yannis Xue, Michelle Yang, Daisy Yu, Paul Yuan, Xuan Zeng, Annie Zhan, Megan Zhan, Cindy Zhang, Min Zhang, Seven Zhang,<br />

Robert James, Mariya Morozova, Flavia Muniz, Bailey Nimmrichter, Daniel Ody, Paul Ody, Mehr Rajput, Liang Cheng Weng Chen. MAINFREIGHT AIR & OCEAN VANCOUVER<br />

Justin Barnes, Yi Man. MAINFREIGHT WAREHOUSING TORONTO Koby Awittor, Kathrine Becker, Vanessa Bogdanovic, Caitlin Grice, Ugochukwu Mbamalu, Mohhamed Muaaz,<br />

Roshni Nair, Idika Njoku, Jarushan Santhiramoorthy, Sophia Shaw, Sarabjeet Singh, Christopher Stocks, Ashwin Sundararaman, Kienan Taitt-Caesar, Adrianus Van Houtum,<br />

Kenoris Watson, Joseph Whyte. CHILE MAINFREIGHT CHILE Brenda Ali, Diego Burgos, Marcelo Hermosilla, Hector Lara, Barbara Macias, Miguel Cuevas, Fernanda Valenzuela.<br />

MEXICO MAINFREIGHT MEXICO CITY Ricardo Dordelly, Tania Garzón, Fernanda Gutierrez, Ivette Hernandez, Jocelin Mijares, Argenis Ortiz, Fernando Ruiz, Guillermo Tena,<br />

Azucena Toledos, Alan Trujano, Elizabeth Vicente, Daniella Victoria. MAINFREIGHT QUERETARO Armida Franco, Ivan Garcia, Angelica Sais. USA CAROTRANS<br />

ATLANTA Debbie Brautigan, Andrew Christerson, Matthew Flanagan, Alice Macgregor, Carrie Phillips, Veronica Schock. CAROTRANS BALTIMORE Michelle Allison,<br />

Lisa Tryon, Ivah Tukpah. CAROTRANS BOSTON Mohamed Elshrbeny, Juan Luis Esteves-Santiago, Luis Daniel Frasson-Nori, Stephen Mario, Stacey Turner.<br />

CAROTRANS CHARLESTON Lienne Barrise, Renee Basnett, James Ryland Bayne, Beth Embry, Molly Johnson, Clay Jones, Christopher Kirschbaum, Seth Koeneman,<br />

Tyler Nichols, John Williams Self, John Bayne Wilson. CAROTRANS CHARLOTTE Hope Hart, Murray Justice, Tyrone Neville, Camise Normil, Zachary Seward. CAROTRANS<br />

CHICAGO Claudia Alfaro, Bruno Barbi, Jeniffer Barbi, Nicole Bobor, Lisa Brach, Jasmyne Brown-Roberts, Brianne Buchholz, Olga Cazares, Marc Chaney, Dagmara Diana Derlaga,<br />

Araceli Dominguez, Elzbieta Filipek, Suzi Hicks, Allison Houlihan, Jamie Houlihan, Gladys Houser, Sean Hudgens, Heather Iniguez, Nicole Jarzabek, Takehito Kashiwabara, Sylvia Kawiecki,<br />

Rachelle Kelly, Edyta Kieta, Debbie Klodzinski, Rita Kollias, Andrew Lafortune, Tim Merchut, Mark Milan, Lynn Ocasio, Catherine Petersen, Shannon Splan, James Stutzman,<br />

Deanna Thoss, David Valadez, Anna Villafane, Andrew Weisse, John Will, Joseph Zeno. CAROTRANS CLEVELAND Diana Beaman, Molly Berish, Krystle Bouchahine,<br />

Gavin Cross, April June, Cassidy Knauff, Abigail Malson, Magdalena Piktel, Lori Radca, Whitney Williams, Christopher Wilson. CAROTRANS DALLAS Thomas Cussen, Darren Justice,<br />

Rebecca VanWylick, Ana Zarco. CAROTRANS HOUSTON Julissa Anaya, Colin Crabtree, Michael Elledge, Mariajanette Espinoza, Daniel Flynn, Mylinda Griffin,<br />

David Mashburn, Joshua Namee, Carter Viray, Jeremy Williams. CAROTRANS INDIANAPOLIS Zach Boulanger, Kris Connolly, Stefano Ferrari, Virginia Valentine.<br />

CAROTRANS LOS ANGELES Oluseun Afolabi,Maria Aldana,Rebeca Arevalo,Cameron Bemis, Mercy Bitong Noche, Eric Calderon, Rowina Chargualaf, Kari Christopher,<br />

Lorenzo Cometa, David Duyao, Zyad Eldanasoury, Charlton Ellzey, Elsa Gomez, Arely Gonzalez, Oscar Gudino, Jessica Hayes, Geno Hernandez,<br />

Siamack Heshmati, Norihiro Hisanaga, Derek King, Aleksandr Kosachev, Claudette Kwiat, Eduardo Lemus, Patricia Maahs, Sophyvie Mao, Alexander Nguyen, Jeremy Pacheco,<br />

Carol Pakulski, Johnny Poon, Robert Ramirez, Nicole Rojas, Diana Sepulveda, Craig Stukey, Mark Taitingfong, Hector Torres, Jamie Wright, Merlin Zepeda.<br />

CAROTRANS MIAMI Ruben Antivero, Paolo Forestieri, Liliane Lima, Gregory Meier, Fidelia Mendez, Bryan Meza, Juan Perdomo,Cindy Rafart,Anabella Ramos,<br />

Jacqueline Ramos, Hugo Sequeira, Romer Urdaneta, Rodney Williams. CAROTRANS NEW JERSEY Tiffani Ablanedo, Willie Aguilar, Nicole Alves, Carlos Araujo,<br />

Richard Awansi, Erik Berger, Ana Bermeo, Chelsea Bermeo, Wanshan Cai, Kai Campbell, Michelle Chan, Nadiyah Dabney, Gary Dreuer, Christina Egan, Natalie Espino,<br />

Jack Forlenza, Luke Gregory, William Grimes, Misa Hernandez, Ken Hogan, Antanina Imbriaco, Christopher Johnson, Mahmoud Khalil, Latonia Kornegay, Shalise Kpadenou,<br />

Janet Lanni, Laura Litchholt, Theresa Maxie, Debra McCarty, Michelle McGrath, Jonathan Mercado, Kevin Meza, Antony Mitchell, Christian Pereira, Patrick Pereira, Alexa Piccininni,<br />

Kelly Rodriguez, George SanMartin, Kaan Sarci, Ellen Shindle, Nancy Silva, Delia Solis, Lisa Ujobagy, Stephanie Vicuna-Baldeon, Yenny Villafuerte, Jeryck Villahermosa, Mary White.<br />

CAROTRANS SEATTLE Marcos Cazares, Andrea Cherry, Giovanni Leyva, Jose Rivera. MAINFREIGHT ALBANY Joseph Del Torto Jr, Lawrence Drucker, Lisa Gaetano,<br />

Talia Lamiano, William Munn. MAINFREIGHT ATLANTA Jerrell Cullins, David Emmanuel, Kendrick Gordon, Gye Griffin, Wylie Kilpatrick, Ashley Matthews, Matthew Mayville,<br />

Lavon McCord, Valencia McCree, Marketa Monsanto, William Plett, Christopher Powell, Beth Rosenbrock, John Taylor, Reginald Williams, Robert Winnie. MAINFREIGHT BOSTON<br />

Victoria Gelmi, Ralph MacDonald, Shannon Thompson, Andrew Wood. MAINFREIGHT CHARLOTTE Douglas Call, Jennifer Clay, Angela Clemens, Johnny Collins, Nathan Cox,<br />

Manuel Marquez Orellana, Ilijah Prosanov, Uriel Rodriguez, David Stogner. MAINFREIGHT CHICAGO Kent Anderson, Quinn Burke, Michael Chrisman, Richard Davila Jr,<br />

Eva Diaz, Leslie Diaz, Fred Erhardt, Elizabeth Esparza, Trinidad Estrada, Adrian Gallardo, Phelan Ganier, Peter Garza, Hela Haddadin, Lori Hageline, Jonathan Harb, Scott Hicks,<br />

Mark Hines, Marco Iannessa, Stanley Jamro, David Lopez, Gregory Lux, Michael Marron, Martin Moncada, Darrius Odum, Edward Ortiz, Gonzalo Perez-Espinoza Jr, Jeffrey Reza,<br />

Roberto Rodriguez, Ariel Romans, Justin Seiber, Elisabeth Soto, Oscar Torres, Michael Wales, Susan Weiher, Ryan Williams, Frank Winter Jr, Jeremy Worcester, Briana Wright, John Wright.<br />

MAINFREIGHT COLUMBUS Aden Gelmi, Spencer Larsen, Anthony Maddox, Tonia Uhrig. MAINFREIGHT DALLAS Lane Adamson, Basil Brockles, Ashley Burns,<br />

Jordan Burrus, Reginald Ellis, Kathryn Ezell, Keahn Farris-Mcherron, Zane Fergerson, Christopher Geans, Grayson Goodman, Holly Heilig, Kyle Hester, Shelby Hill,<br />

Samuel Holloway, Wesley Hutchings, Braylon Irving, Cortney Jones, Victoria Kimindih, James Lawless, Valerie Lewis, Freddy Lopez, Mandy Ly, Joshua May, Janesh Patel, Andrea Puyear,


43 44<br />

Scott Sprick, Peyton Stone, Stephen Sturgis, Nicole Szelest, Brad Tarwater, Dustin Tarwater, John Taylor. MAINFREIGHT DETROIT Christina Saunders, Zachary Stearnes,<br />

Michael Watson. MAINFREIGHT HOUSTON Alexis Brautovich, Lufkin Cassidy, Sharonda Foster, Sarah Holmes, Peter Joyce, Davis Miracle, Terrence Moore, Kenneth Rivers Jr,<br />

Natalie Rodriguez, Derik Stokes, Triton Strand. MAINFREIGHT LAREDO Brenda Carmona, Reynaldo Rodriguez. MAINFREIGHT LOS ANGELES Reymundo Abasto,<br />

Juan Aguirre, Daniel Andrade, Javier Angulo, Dorcas Armstrong, Andrew Badalian, Steven Beaumont, Linda Bettencourt, Edward Blancarte, Jason Braid, Annette Bustamante,<br />

Matthew Cable, Armando Camarena, Raquel Canas-Thompson, John Carpenter, Antonio Carranza, Eva Caruso, Harvey Castillo, Jhovanny Castro, Nelson Cheung, Haris Chughtai,<br />

Annette Cortez, Claudia Cortez, Noelia Covarrubias, Jonathan Cuevas, Stephen Curle, Steven Davalos, Mary Dawkins, William De La Cruz, Analisa Dennis, Daniel Devant, Elizabeth Duran,<br />

Celine Eazell, George Ehrreich, Jacqueline Estrada, Gabrielle Fage, Ronald Frady, Veronica Friedland, Leonardo Gaeta, Jacqueline Ganther, Denise Garcia, Katelyn Garcia, Oscar Garcia-Ruiz,<br />

Brayan Gaytan, Moein Ghomeshian, Carlos Giron, Bregan Good, Jeremiah Gregersen, Joyce Guillen-Cox, Laurie Hamid, Ali Heidari Saeid, John Hepworth (for old times’ sake),<br />

Christian Hernandez, Isela Hernandez, Dani Hirahara, Nathan Hong, Patricia Jimenez, Roxana Jimenez, Ana Jimenez Villasenor, Debra Johnson, Seife Kidane, Michelle King,<br />

Patrick Kirwan, Karina Koh, Joann Lacy-Moore, Esperanza Leanos, Richard Lee, Jeffrey LeMaster, Trisha Leyva, Matthew Lilly, Alexander Losoya, Joseph Luna, Daniel Lund, Tyler Lund,<br />

Jose Magana, Ricardo Magana, Katherine Marroquin, Steven Martinez, Barry McLemore, Shane Michalick, William Minard, Juan Mondragon, Alba Montes, Dylan Mora, Rigoberto Mora,<br />

Marie Morales, Olivia Morales, Silvia Mueller-Thompson, Sivaramakrishnan Muthukrishnan, Erendira Navarro, Eric Ng, Luc Nguyen, Erik Ohler, Jovita Orozco, Maria Ortiz, Sandra Phillips,<br />

Scott Pratt, Victor Ramirez Yui, Craig Robb, Stephanie Rodrigues, Olivia Rodriguez, Threeto Rojanasupya, Beatriz Salcido, Kenneth Salcido, Robert Sammuli, Coral Schultz, Anita Smith,<br />

Steven Turner, Luis Uriarte, Thomas Valentine, Manuel Varela, Daniel Vasquez, Jeffery Walker, Michelle Worden, Alina Yamaeva. MAINFREIGHT MCALLEN Jorge Acosta Montelongo,<br />

Mayra Garcia, Santos Juarez, Eduardo Limon, Diego Luna, Ariel Serna. MAINFREIGHT MIAMI Addeny Bracho Boniel, Yoelis Estevez, Elder Infante, Pedro Pombo, Eduardo Rivera,<br />

Angel Valdespino, Jeffrey Widowfield. MAINFREIGHT NEWARK Thomas Abraham, Jose Alvarado, Orlando Bahia, Carol Bausch, Wayne Betha, David Bubb, Mariela Carela Fabian,<br />

Arthur Castellano, Christine Correia, Kasandra Daniels, Lisa Emes, Nicholas Florin, Rodney Harris, Dwaine Jones, Benjamin Keane, Spencer Keats, Mary Ann Kish, Freddy Landaverde,<br />

Kevin Landaverde, Shonti Lembrick, Terry Lindell, Kenneth Mattei, Steven Plummer, Jeysen Quezada Barias, Curtis Rhodes, Deborah Rumore, Jose Sanchez, Julio Sanchez,<br />

Nicholas Shlala, Jessica Williamson. MAINFREIGHT NORFOLK Jaymes Brooks, Stephen Harklerode. MAINFREIGHT ORLANDO Amber Emmermanis, Curry Fetcher,<br />

Anthony Mazza, David Watkins. MAINFREIGHT PHILADELPHIA Clarence Brown, Ginalouise Cavanagh, Samuel Cavanagh, Bruce Clifton, Abigail Cottrill, Damien Denning,<br />

John Fedena, Brandon Gardner, Allen Lindenmuth, Barry Lindenmuth Jr, Malcolm Mayo, Nicholas Mcmenamin, Daniel Rivera, Enrique Rivera, Shashauna Stephens, Evan Zeidler.<br />

MAINFREIGHT PHOENIX Joseph Brouillard, Nicholas Bruemmer, Griselda Chavez, Sergio Chavez, James Debyl, Daniel Hutcheson, Luis Lowe, Brandon Querciagrossa,<br />

Cullen Querciagrossa, Nancy Sanchez, Jeremy Thomas, Rose Valenzuela. MAINFREIGHT SAN DIEGO Luis Aguilar, Frederick Cordova, Robert Crabbe, Christian Magana,<br />

Fernando Quiros Ibarra, Rene Rodriguez. MAINFREIGHT SAN FRANCISCO Vanessa Asis, Darius Ehlers, Alfredo Herrera Hernandez, James Marquez, Thanh Nguyen,<br />

Christine Ortiz, Josie Phung, Michael Saelee. MAINFREIGHT SEATTLE Corey Bernethy, Christian Clarks, Gordon Farrar, DeRoyce Rowland, Mason Wahl. MAINFREIGHT<br />

AIR & OCEAN ALBANY Scott Avery, Dennis Braniecki, Lucas Cannavo, Frances Fairall, Danielle Farleigh, Lauren Frey, Bryce Hicks, Natalya Ivashina, Rebecca LaHart,<br />

Agnes Maciorowski, Michael Morrissey, Robert Narcavage, Sincerity Nomahegan, Elinor Rees, Andrew Roessner, Riley Rossi, Nolan Sutton, Travis West.<br />

MAINFREIGHT AIR & OCEAN ATLANTA Brendon Belesky, Nyles Bullock, Dana Hancock, Brian Martin, Emmanuel Meza, Tristen Moreira, Lanora Norton, Joshua Shepherd,<br />

Juan Morales, Demetrius Murray, Jailyn Nino, Derrick Parker, Nancy Perez, Jazmin Phillips, Carlos Reyna Giles, Melissa Rodriguez, Edward Simoncelli, Justin Spier, Andrzej Sziler, Sean Tipton,<br />

Edward Williams, Jasmine Williams. MAINFREIGHT WAREHOUSING DALLAS Oscar Araujo Sanchez, Jessica Archerd, Kenia Bermudez, Jesus Blanco Fernandez, Paul Bradford,<br />

Jacob Branson, Willie Brewer, Oleg Brudnyy, Ana Calderon Copado, Desiree Campbell, Kathryn Campbell, Rachel Campbell, Evelyn Candelas, Linda Castillo, Bharat Dambal, Elliot Davis, Adriana Del Bosque,<br />

John Dunson, Orlando Figueroa, Timothy Fitch, Martha Guzman, Johnathan Hunter, Makenzie Kalka, Jaylen Kindrick, Baylor Lopez, Matthew Lopez, Barbara Lopez Lubo, Ana Martinez,<br />

Maria Martinez, Perry Mcabee, Mitchell McDowell, Brian Morgan, Elianny Ortega Urdaneta, Melvyn Pagan, Andrea Pirela Garcia, Michael Powell, Jairo Reyes Montoya, Donna Ridgeway,<br />

Alberto Rincon, Bryan Ruiz, Miguel Salas Garcia, Yadira Salinas Rivera, Jose Sanchez Venegas, Erik Storvik, Carmen Torres, Charles Williams II. MAINFREIGHT WAREHOUSING<br />

DALLAS (NORTHLAKE) Giselle Acevedo Villanueva, Michael Acuna, Angel Aguirre Allende, Arnulfo Aguirre Allende, Laura Andrade, Arturo Arellano, Sauman Basu, Eric Bechel,<br />

Karina Benavidez Guzman, Erik Benjamin Jr, Jovany Bonilla-Acosta, Ira Bradshaw, Lazaro Bravo, Breanna Cheatham, Andrew Collier Jr, Andrew Coulton, Blake Dunlap, Maria Durden, Selene Estrada,<br />

Luis Felix, Jesus Ferrufino Benitez, Mathew Fielder, Lester Flores Barrera, Justin Forest, Zachary Fuller, Miguel Garcia Jr, Ronny Garza, Elsa Guzman, Thomas Iovieno, Deandre Johnson,<br />

Triston Jones, Adolph Key, Akshay Kothari, Paul Lane Jr, Carlos Lopez, Moises Loya, Ruben Loya, Lesman Loyal Davila, Maria Luna Gamboa, Ligia Marin de Molero, Orlando Marrero,<br />

Perla Martinez Banuelos, Brian Martinez Matute, Maickoll Martinez Matute, Maria Mendoza Alvarado, Malcolm Miller, Nichole Montoya, Heidi Morales, Miguel Morales, Brenda Moreno Ochoa,<br />

Elsi Pacheco, Deontae Potts, Nickole Poynter, Randi Preis, Valerie Reyes, Edison Reyes Rodriguez, Laura Rincon Gonzalez, Odner Rivera Alvarez, Rosaura Sanabria, Clara Sandoval Garcia, Arturo Santos,<br />

Luis Santos, Stephany Seda Ramos, Brendan Siffringer, Kevin Somarriba, Carolyn Thomas, Ritmary Toledo Sotillo, Oscar Tovar, Nilyen Tovar Leanez, Ysabel Vargas Martinez, David Vina, David Wassef.<br />

MAINFREIGHT WAREHOUSING LOS ANGELES Martin Alejandre, Eduardo Andrade Solorio, Guadalupe Arvizu, Adam Barnes, Patricia Bercy, Sean Betts, Marco Camarena, Ruby Cardenas,<br />

Alexis Castro, Michelle Che, Joseph Connors, Abraham Cortez, Lance Dailey, Adrian Esparza, Matthew Friedman, Michell Galavis-Vazquez, Eric Gonzalez, Wyatt Graham, Michelle Hernandez,<br />

Ajanae Hunter, Kody Ichinaga, Nicholas Ireland, Ian Katz, Jacob Lee, Christopher Leighton, Alan Martinez, Henry Martinez, Michael McKinstry, Jorge Mejia, German Mendoza, Marissa Monteroso, Michael Moval,<br />

Jesus Munguia, Rosalie Olivo, Ivan Ramirez, Lucia Rivera, Frank Rodriguez, Miriam Ruiz, Christine Saldana, Xiomara Saravia, Martha Valenzuela, Deisy Velasques, Bertila Velasquez, Gabriel Venengas,<br />

Dallas Wymes, Jaime Zamora-Gutierrez, Cesar Zamorano, Anthony Zepeda. MAINFREIGHT WAREHOUSING MORENO VALLEY Juan Alcala, Aileen Arguello, Sandra Barrios De Atilano,<br />

Isaiah Basurto, Ryan Betts, Fidel Castro Ortega, Tyler Czuchaj, Adrian Dena Castaneda, Joe Garcia, Jonathan Guerrero, Andrew Lopez, Sunil Nair, Eleobardo Nava Torres, Jacinto Olivares,<br />

Beverly Popper, Jose Ruvalcaba, Kelly Sanchez, Nallely Sanchez, Bruce Somera, Juan Vazquez, Amelia Williamson, Daniel Williamson, Daniel Zavala, Jonathan Zepeda. MAINFREIGHT<br />

WAREHOUSING NEWARK Luis Almonte, Sully Armijos Guzman, Yusleidy Ben Reyes, Shirley Branch, Miguel Calderon, Karin Chico, Darlin Cornielle Puello, Ezequiel Florian Garcia,<br />

Jessica Gallego, Adriana Garces Pulido, Joshua Hernandez, Sandro Lopez, Carolina Machin, Efrain Martinez, Rolando Matos, Jose Melendez, Evelio Monegro,<br />

Sandra Narvaez, Lorenzo Perry, Dries Pinoy, Christian Posso, Shirley Pulido Baquerizo, Corey Robinson, Hermes Rosario, Sandra Sarmiento, Robert Siuzdak, Hernan Valencia, Luis Valencia,<br />

Samuel Velez Jr, Justin Zavila. MAINFREIGHT WAREHOUSING SEATTLE Joseph Daniel, Kim Donaldson, Teresea Farrell, Christopher Garcia, Megan Holdener, Eduardo Marenco,<br />

Ashlyn Neves, Karen Ocon Salcido, William Price, Andre Ruch, Mykail Smith, Sincere Smith, Isabela Valentin. MAINFREIGHT WAREHOUSING WIND GAP Sylvia Arroyo-Pazmino,<br />

Seth Batcha, Bryan Bruch, Stephen Cacnio, Eliezer Fernandez-Medina, Andres Garcia Rios, Eric Stockl. TRAINING TEAM AMERICAS Melissa Bowder, Andrew Hall, Alyssa Lucarello,<br />

Desiree Martinez, Maree Michalick, Regina Warden, Kaycie Young.<br />

Michelle Smith. MAINFREIGHT AIR & OCEAN CHARLOTTE Nicole Boccia, Macray Brown, Terrance Cavanaugh, Press Clark, Buddy Cutshaw, Ashley Hamilton,<br />

Scott Hopkins, Zachary Hudson, Alicia Hutchinson, Mark Lindley, Christina Melton, Dylan Page, Ryan Patton, Lauren Pearlman, Joseph Stabile, Ben Strozier, Dillion Thomas,<br />

Amy Walker. MAINFREIGHT AIR & OCEAN CHICAGO Lauren Africano, Lydie Anchling Jones, Timothy Bansfield, Eric Bell, Melissa Bosnic, Alexandra Bredicean,<br />

Michael Broglin, Jasmina Catic, Edward Chamberlain, Alejandro Chavez, Aidina Coralic, Vijaya Dasari, James Delay Jr, Daniela Dojchinoska, Anthony Dunleavy,<br />

Jonathan De Leon, Melissa Espinoza, Marie Fohet, Patrick Fox, Melissa Fuentes, Matthew Gustafson, Rexall Hindson, Andrea Holt, Kyle Hood, Faruk Jasaragic, Mohsin Khan,<br />

Mark Kral, Karolina Kulczyk, Annalisa Marchiafava, Kyle McKenna, Christopher Michalak, Richard Mundrane, Nathaniel Page, David Rogalski, Desiree Santos, Matthew Shatswell,<br />

Jon Shaw, Timothy Simak, Nathan Spellman, Alex Trinen, Jenny Valle, Heber Vasquez, Anthony Villafane, Amy White, Argyrios Xanthopoulos, Matthew Yoder, Justin Yonkelowitz,<br />

Katrina Zaret. MAINFREIGHT AIR & OCEAN DALLAS Shelley Aldaco, Misae Amemiya, Shelmine Armand, Kyran Bracey, James Burrus, Thomas Goodfallow, Deborah Hendrix,<br />

Anthony Hickman, Chrystal Martz, Tu Tuan Nguyen, Abhishek Patil, Elizabeth Plaster, Stefanie Ragland, Alexander Ramirez, Lauren Rankin, Ziye Ren, Adam Renner, Carlos Rojas,<br />

Anthony Salamino, Jeremy Serrurier, Georgina Shelton-Agar, Johnny Torres, Sean Van Gorder, Chanida Vanikkul. MAINFREIGHT AIR & OCEAN HOUSTON Kristine Banks,<br />

Kristian Bowman, Linda Callahan, Dylan Ceide, Logan Hamlin, Taylor Johnston, Jocelyn McCagh, Mariana Obeso Montiel, Rebecca O'Connor, Daniel Overton, Marisol Salgado,<br />

Andrew Slusher, Leslie Stevens, Stephanie Turner-Sinclair, Daniel Watkins. MAINFREIGHT AIR & OCEAN LOS ANGELES Cherian Abraham, Jessica Almonte, Alonzo Alviso,<br />

Vidal Avalos, James Blok, Matthew Bloom, Steven Brode, Maya Cabrera, Jesus Castro, Andrea Chavez, Janet Clark, Maryjane Dauis, Harshvardhan Dharamshi, Kaitlyn Dougherty,<br />

Peter Dyeremose, Ethan Eils, Taschana Epps, Albert Farrales, Michael Forkenbrock, Alvaro Fuerte, Carlos Fuerte, Pamela Ghaoui, Giovanni Gomez, Robert Gomez, Miguel Hernandez,<br />

Savannah Hildre, Judy Hua, Jazmine Iberos, Derek King, Kara Lewczyk, Elisa Lupian, Matthew Manzano, Lisa Martin, Kane Michalick, Jake Moller, Katherine Moreno Ramirez,<br />

Aishwarya Murali, Jeffrey Nallick, Mark Neumann, Kimberly Nguyen, Ophelia Niualiku, Ryan Ogren, Jade O'Reilly, Edward Parrales, Alma Rosa, Juan Sagrero, Janith Saparamadu,<br />

Shih Yen Shen, Jonathan Siqueiros, James Soto, Yung Sun, Nathan Thomas, Emerson Toledo, Cesar Torres, Gianni Uba, Jorge Vasquez, Leo Velasquez, Lilia Villanera, William Young.<br />

MAINFREIGHT AIR & OCEAN MIAMI Dan Cordova, Doris Gomez, Eleazar Hernandez Mundaray, Jonathan Kurtz, Jennifer Pedreira, Fernanda Pellielo, Angel Perez,<br />

Andreu Planells Malvarez, Stefany Rodriguez Izarra, Raphael Tamas, Marina Vazquez Franco. MAINFREIGHT AIR & OCEAN MINNEAPOLIS Scott Brunclik, Nathan Herold,<br />

Thaddeus McKinney, Rose Peterson,. MAINFREIGHT AIR & OCEAN NEWARK Matthew Bonan, Rosaura Candelario, Carmen Caroleo, Nicolas Dietrich, Daniel Hansen,<br />

Lauren Hiku, Emmaline Howard-Smith, Sharon Ibarra, Matthew Mahoney, Vincent Marciano, Kyung Joon Min, Minh Ninh, Nicholas Perry, Adriana Pincay, Stephanie Quinonez,<br />

Steven Reyes, Bladimir Reyes, Julia Riker, Brianna Stein, Krhystof Sutherland, Kitt Taylor, Graham Walkley, Elaine Wong. MAINFREIGHT AIR & OCEAN PHOENIX<br />

Caitlin Balderrama, Peter Kowalski, Gabriel Shoemaker, Elaine Yeager. MAINFREIGHT AIR & OCEAN PORTLAND Anthony Bardales Romero, Nicholas Barra,<br />

Miguel Castellanos, Nereyda Eguizabal-Giron, Angelica Jaracuaro, Luis Maya, Chintan Trivedi, Tu Van, Manuel Villa Gomez. MAINFREIGHT AIR & OCEAN SALT LAKE CITY<br />

Cathey Bartholomew, Nicole Daly, Mickenzie DeJong, Devin Elder, Grace Evans, Megan Glaittli, Bobby Harman, Kathryn Jenkins, Carla Leslie, Lindsey Murphy, Shannon Noble, Amanda Pace,<br />

Nicholas Pizano, Brayden Smith, Sheree Terrian, Gabby Vanisi, Sharon Vos. MAINFREIGHT AIR & OCEAN SAN DIEGO Michael Benjamin, Boglarka Compton-Balla,<br />

Larizza Garcia Amaya, Natally Gutierrez, Kim Tam, Joshua Vermillion. MAINFREIGHT AIR & OCEAN SAN FRANCISCO Cole Hopper, Jacqueline Quinones,<br />

Igor Serebrenyy. MAINFREIGHT AIR & OCEAN SEATTLE Daniel Kinoshita, Matteo Sironi, Jeffrey Vacharasovan. MAINFREIGHT WAREHOUSING ATLANTA<br />

Douglas Aguirre, Rosalia Aguirrez-Romero, Jazmin Arias, Kenyatta Brown, Shawn Cagle, Juan Castillo, Antonio Cunningham, Mackenzie Dare, Sandy Duffie, Jackson Elliott,<br />

Eric Evans Jr, Demetrius Franklin, Fred Gilbert, Devyne Gilliam, Johnny Glenn, Rolando Gray, Travis Hackney, Anthony Harris, Metita Ingram, Anna Jackson, Elvira Jimenez Garcia,<br />

Matthew Johnson, Mirva Lamour, Fabian Lee, Kyle-Vaughn Lewis, Jesse Manais, Lamar Massey, Montain Murray, Printup Parrish, Derrick Powell, Lynda Rey, Maria Romero, Oscar Romero,<br />

Wilman Romero Reyes, Tyreek Sims, Nicole Smith, Mariana Tobon De Romero, Savannah Wilkerson. MAINFREIGHT WAREHOUSING BOLINGBROOK<br />

Yazmin Aviles-Acuna, Sergio Barrientos, Nicholas Bovastro, Jacquelynne Cincire-Mejia, Maria Diaz, Nayely Espinoza, Nikolas Fox, Adareli Gorostieta-Vences, Jack McNurlan,<br />

Qahir Phillips, Joyce Pingle, Parrson Porter-Dixon, Luis Quintana, Joshua Rivera, Javier Saenz, Adam Tooke, Riley Tryhorn. MAINFREIGHT WAREHOUSING<br />

CHICAGO Andres Abad Gaspar, Pavel Aguilar, Eric Arcos, Brian Arends, Flor Arroyo, Crystella Avila, Mehak Ayub, Alejandro Castaneda,<br />

Sandra Castillo, Jesus Contreras, Ixzel De Jesus-Guevara, Katherine Dornbusch, Brandon Fischer, Daniel Foote, Matthew Gara, Darryel Garner, Akeem Gbeleyi, Erik Goc,<br />

Jasmine Gonzalez, Martha Gonzalez, Ryan Hickey, Patyn Hooker, Jason Horton, Stephen Horvath, Joel Johnson, Cinthia Lara, Alexander Lasota, Jamaria Littleton-Donner, Maria Mata,<br />

EUROPE | BELGIUM MAINFREIGHT GENK Hamid Abbou, Yannick Adriaensen, Jemale Ait Bahaouidder, Sandro Arena, Nazmi Aslan, Dede Atak, Ebru Aytac, Susanna Bactsoglou, Olivier Bakels,<br />

Frouke Bamps, Osman Biberoglu, Geert Biesmans, Tanja Biets, Johnny Brouns, Johnny Buelinckx, Dennis Buys, Jarne Byloos, Johan Claes, Lisa Claes, Wouter Conings, Kaan Oguz Copur, Jeroen Creyns,<br />

Frank Crommen, Dorine Daniels, Guilian Das, Christophe De Backer, Domenico De Nicolo, Peter Decock, Daniel Di Pardo, David Dops, Farid Farchich, Alessio Franquelli, Cederic Franssen, Dennis Gabriels,<br />

Jasmine Geyzen, Kewin Goszewski, Juan Grados-Alcalde, Matthias Hoeben, Dirk Hoofs, Davy Hubar, Vartoui Jahanova, Denise Kanters, Frans Kanters, Ronny Keuren, Dimitri Kubiczek, Eddy Laermans,<br />

Ivo Leurs, Thamara Lieben, Philippe Liegeois, Jarne Loos, David Lowijs, Gijs Luyts, Nicola Manniello, Joris Martens, Livia Mascagni-Pinke, Marco Masia, Johnny Mellenbergh, Djamaleddine Merada,<br />

Thijs Mertens, Debby Missfeldt, Dennis Moelans, Frank Moors, Cosmin-Gabriel Muia, Henrik Norikjan, Frederik Opdeweegh, Karolien Orlandini, Ali Osman, Erik Osseforth, Bart Peeters, Christiaan Peeters,<br />

Sven Peeters, Hendrikus Peggen, Jarne Philtjens, Ronald Poelmans, Daniel Ponsart, Nicolas Pouet, Axel Ramaekers, Marleen Saeren, Gunther Smolders, Patrick Spreuwers, Eddy Stals, Brent Sybers,<br />

Nicky Theuwissen, Franky Tielen, Antonetta Trobbiani, Irfan Tûrgût, Ziyaettin Unal, Ronny Van Cauter, Astrid Van Cauwelaert, Simon Van De Riet, Robbert-Jan Vanaken, Ingmar Vandebroek, Tom Vandeurzen,<br />

Nicky Vandewinkel, Ann Vanhaeren, Patrick Vanloffelt, Maarten Vannoppen, Michelle Verhoeven, Olivier Verjans, Tom Verlinden, Arno Wackerghom, Parcifal Wackerghom, Bjorn Weygerse, Zekeriya Yildiz,<br />

Bencho Zamanov. MAINFREIGHT GENT Samuel Abeka, Doush Aliev, Mehmet Altintas, Zekeriya Altintas, Adjoa Andoh, Ignace Arnou, Eva Asuman, Ainidin Aznabakiev, Florentina Babic, Jules Barten,<br />

Shady Basha, Carine Bauwens, Pascal Boulangier, Basma Bouselamti, Jamie Cagnard, Neil Calingaert, Jessica Cambon-Cambon, Steffen Capiau, Mario Carette, Annemie Casier, Berkay Celikoz,<br />

Burak Ali Celikoz, Orkan Ciger, Alex Corbisier, Stijn Cozijns, Danny Craeye, Pierre Emmanuel Damas, Philippe David, Peter De Backer, Ricardo De Buyser, David De Caluwe, Arne De Corte, Joachim De Frenne,<br />

Nicholas De Jonghe, Guy De Landtsheer, Guy De Mey, Danny De Meyer, Ivan De Smedt, Joeri De Smet, Tom De Walsche, Didier De Wannemacker, Pascal Debrabandere, Peter Deconijnck, Franky Delanghe,<br />

Serioja Delrue, Mario Demey, Marc Denecker, Xavier Depuydt, Jan Desmet, Erwin Dieusaert, Bethany Dixon, Adnane El Ouahabi, Udo Engels, Atilla Ferent, Henk Feys, Sander Flore, Wim Foulon, Tom François,<br />

Kevin Gailliaert, Francois Gesquiere, Frederik Gielis, Christophe Goossens, Said Gouche, Jessy Hardy, Daniel Helsen, Steven Heyneman, Pieter-Jan Hutse, Anton Iliev, Jesse Jacques, Pascal Janssens,<br />

Yves Janssens, Ména Jeronimo Cardoso Dos Santos, Marinel-Remus Jurj, Arinchaya Kamolvarin, Mirsad Karmaj, Serhat Kilic, Francisco Kinanga, Daniel Klupczynski, Nikolay Kolev, Jozef Kujawa, Bryan Laga,<br />

Mathias Lava, Marc Lelie, Kenny Lemoine, Luna Leyman, Oleg Logounovitch, Veronique Lootens, Jesse Louage, Abdel-Ilah Mahali, Marc Marey, Pieter Matthys, Bichon Mbama-Moba, Patrick Melis,<br />

Jens Messelier, Monaam Moknassi, Joseph Molenberghs, Bram Nekkebroeck, Jean De Dieu Niyo, Fidele Nzuzi Kindanda, Gôkhan Ôzdemir, Walter Parmentier, Marinus Pastoor, Rudolf Peeters, Tansu Pinar,<br />

Lennert Poppe, Katrien Portier, Cosmin Alexandru Preda, Flore Quitelier, Gunther Raes, Steven Raman, Zyon Raman, Johannes Ronde, Kristof Rousseau, Sofiane Sadek, Axel Saerens, Henrique Santos,<br />

Sebastien Sarens, Christophe Scheef, Sandy Scy, Christian Sergeant, Marlies Sevenhant, Filip Simoens, Manga Singh, Felix Smeyers, Farid Souaddi, Khady Sow, Kurt Stadeus, Guido Staels,<br />

Jerry Synaeve, Jorit Sys, Bram Taelman, Hugo Tanghe, Jacob Terrie, Gilles T'Jaeckx, Dimitri Torreele, Ives Torrekens, Nor-Eddin Toubadie, Yonca Uckuyulu, Joeri Van De Pontsele, Helena Van Goethem,<br />

Chris Van Hoecke, Sven Van Hulle, Tom Van Iterson, Yves Van Vooren, Miguel Vande Walle, Andy Verbrugghe, Stefaan Vercruysse, Carl Verhulst, Wim Verpoort, George Wauters, Jay Wyns, Nick Wyns,<br />

Abdurrezzak Yildirim, Keaton Ysebaert, Yacine Zerrouk, Hassen Zouaoui. MAINFREIGHT OOSTENDE Jos Allemeersch, Carine Bovy, Annick Brokken, Marie Buysse, Kristof Cool, Jimmy Cooleman,<br />

Bruno De Bruyn, Karel Devogeleer, Lili Devriendt, Lore D'Hooghe, Thomas Elzing, Sabrina Haeghebaert, Stefanie Jurewyts, Yves Knockaert, Glenn Labens, Philemon Moyersoon, Dirk Ragaert, Peter Sabbe,<br />

Brent Staelens, Katrien Vanden Eeckhoute, Kim Vandervorst, Sofie Vanhee, Jos Vanmullem, Ingeborg Verschorre, Sander Xhajaj. MAINFREIGHT AIR & OCEAN ANTWERP Vincent Coninx,<br />

Ward Debeuckelaere, Aline Draps, Ugo Manzato, Matteo Melis, Tim Quaeyhaegens, Mitchell Stint, Patrick Van Der Hoek. MAINFREIGHT AIR & OCEAN BRUSSELS Katrien Baes,<br />

Sally Buelens, Sven Corthals, Michael Decoster, Charlotte Egrix, Jean-Baptiste Frateur, Elke Loockx, Maria Catalina Munteanu, Ines Waegemans, Rudy Yoka, Laura Zenebergh. MAINFREIGHT<br />

WAREHOUSING GENT Kwaku Addai, Jules Branswyck, Hannelore De Muynck, Evelien De Wispelaere, Kathy De Wispelaere, Dimitri Hautekeete, Kenneth Kooy, Seth Kwabena Sanwu,<br />

Martijn Venhoeven, Arno Versprille. MAINFREIGHT WAREHOUSING OOSTENDE Medhat Abd El Hamid, Fadi Abdulghani, Cajetan Chinedu Achimnole, Musa Adilsoultanov, Anissa Adjou,<br />

Zubair Ahmad, Imran Ahmadzai, Zainullah Ahmadzai, Asif Ahmedzai, Gul Nazir Ahmedzai, Daad Khan Akhund Zada, Omoruyi Steve Akpata, Hassan Al-Khazzan, Naseebullah Aloko, Anas Al-Rawe,<br />

Glenn Ampe, Nancy Arnouw, Artur Avetisyan, Cristina Avram, Toma Gabriel Avram, Sarah Baert, Julien Bahati Chigangu, Ionel-Florin Baicu, Morade Alim Bassoune, Stephanie Baudot, Johnny Beddeleem,<br />

Zahrane Ben Hassen, Quentin Bentein, Kaylian Bertrem, Katarzyna Beszczynska, Nicky Beutels, Abdellah Bihi, Natalie Blomme, Bart Blondeel, Killian Bocquez, Olga Bourtseva, Nabil Bouzoumita,<br />

Jeffrey Broucke, Davy Brys, Francisca-Bianca Burca, Stephanie Camerlynck, Daniel Capriotti, Alain Cauwenbergh, Tyron Cauwenbergh, Alex Cazzato, Elena Chetinina, Krishna Chhantyal,<br />

Wesley Cicou, Emilia Claridi, Bruno Clybouw, Benjamin Coopman, Mo Coudijser, Carl Criem, Jens Croene, Miguel Crombez, Stijn David, Zelimkhan Davtaev, Mario De Baets, Maxime De Clercq,<br />

Jordy De Gheselle, Tessa De Groote, Robin De Neef, Ingrid De Rechter, Didier De Roover, Robin De Sutter, Johan Debruyne, Nathalie Decramer, Kyeno Degeneffe, Jamie Delorge, Robert Deman,<br />

Amina Dendane, Diego Denoo, Caroline Depuydt, Johni Desaever, Kim Desmet, Jimmy Devick, Fanny Dewanin, Christine D'Hont, Youssouf Diakhite, Bilel Dimassi, Narcisa Dreaj, Karime Drigo,<br />

Sandro Dumon, Yannick Dupont, Jimmy Duriez, Steven Duyck, Katarzyna Dziedzic, Frank Ediale, Frederik Eeckloo, Nizar El Ali, Karol Flak, Ilona Franckx, Daisy Gaillez, Anthony Gallez, Mansur Gandalojev,


45<br />

46<br />

Anke Geebelen, Rezene Gerense Solomun, Jony Germonpre, Romano Glavan, Piotr Gliniecki, Ireneusz Godlewski, Dylan Gouwy, Jessica Greer, Nar Gurung, Bruno Gyssens, Coraline Haelvoet,<br />

Erik Haesendonckx, Dieter Hamers, Fawzi Abdullah Hamid, Farizat Hasanova, Zuki Hassan Abdelsattar Lazgin, Ayrton Hendrickx, Nicky Hendriks, Tommy Hendrycks, Miguel Hollevoet, Claudine Houkx,<br />

Sylvie Hullebus, Dave Huwel, Glenn Huwel, Mohamed Idamre, Lisa Igodt, Khan Jabarkhel, Younus Jaji, Yousuf Jaji, Antony Janssens, Christa Janssens, Yury Jolnerevitch, Zoltan Jonas, Fabrice Junion,<br />

Gari Justianz, Day Kaba, Samuel Kamdem, Burim Kastrati, Ibrahim Khaksar, Haroon Khan, Matondo Kinavuidi, Meseret Kiros Tekeste, Aljohn Kleinod, Ivana Kovacic, Noah Kuhlevind, Abdelaziz Labane,<br />

Fanny Laleman, Filip Laleman, Rahma Laouiti, Peter Laseure, Katja Lebeuf, Lynn Legein, Joke Lepeire, Danny Liebersens, Lisa Loridon, Massivi Lubaki, Jason Lussaert, Marketa Madlova,<br />

Diego Maertens, Catalina-Georgiana Manolache, Didier Martinat, Joy Matthyssens, Audrey Mc Laughlin, Danny Merchie, Mir Merzada, Gilles Messens, Kevin Mestdagh, Stacy Mesuere, Axel Meuleman,<br />

Luc Meulemeester, Mohebullah Miakhel, Filimon Michael Woldu, Riva Mingashanga Elongi, Izharullah Mirzakhel, Mohammad Bilal Mirzakhel, Mohsen Moazeni, Bashir Mohamadali Esmael,<br />

Mohammadrahman Mohammadi, Remus-Stefan Moldoveanu, Roxana-Ioana Moldoveanu, Faisal Arfan Molla, Ayaz Khan Momand, Jawid Momand, Shana Mylle, Dawood Naceri, Cherif Nagga,<br />

Darwesh Khan Nasiri, Gamali Ndikuriyo, Sanda Maria Neagoe, Mihaela Nichita, Jaffar Nicolaas, Sylvain Nowakowski, Aisha Nshimirimana, Ruxandra Obreja, Guldad Omarkhel, Dicky Oppong,<br />

Abubaker Osman Mohammed, Palenthiran Patmanathan, Nicolas Peel, Olivier Peel, Jeremy Pestiaux, Jean-Pierre Pierloot, Bjorn Plas, Gregory Prevot, Khagendra Pun, Veerle Ramon, Glenn Rogiers,<br />

Cindy Rondelez, Didier Rosseel, Nick Rouzere, Gëzim Rrustemi, Pol Sabbe, Khanzada Safi, Mahboub Safi, Samiullah Safi, Samiullah Sahibzada, Iqbal Hussain Salarzai, Khalifa Salek, Arno Samaey,<br />

Sairam Saurzhanova, Joachim Schaepdrijver, Yves Scherpereel, Bram Schoutteten, Mahmud Seed Hussein, Jean Paul Semirindi, Khalid Shagi Wal, Nessar Ahmad Sherzad, Wahid Sherzad,<br />

Issa Sherzad Mohammed, Bairam Shinwari, Lutfullah Shinwari, Hekmatullah Shirzad, Mandeep Singh, Nirmal Singh, Peter Slight, Tom Slight, Abraham Soloman Wassie, Jose Soto Nicolas,<br />

Danny Spillier, Hashmat Ullah Stanikzai, Dorin Stoica, Rachid Taki, Julio Cesar Tapia Gomez, Glenn Teetaert, Dawit Tekali Tesfay, Mohamad Theibich, Kevin Thonet, Sebastien T'Jonck, Augustin Toukou,<br />

Veselin Tsarkov, Kevin Van De Voorde, Elka Van Den Bergh, Franck Van Der Heyde, Myckie Van Hove, Cedric Van Huffel, Kenneth Van Nieuwenborgh, Frederick Van Rapenbusch, Daimy Vanbavinckhove,<br />

Gregory Vandamme, Kjenta Vandecasteele, Andy Vandekerckhove, Christiaan Vandenberghe, Isabelle Vandenberghe, Kenneth Vandeputte, Niels Vandueren, Roger Vanhoorne, Jay Vanhou,<br />

Rudi Vankerckhove, Maxim Vanmullem, Pascal Vanroose, Mike Vanstechelman, Steven Vansteenkiste, Michael Verbruggen, Elisama Verheecke, Fabienne Verhelst, Sandy Verhelst, Adrien Verleyen,<br />

Marc Vermeire, Bart Verschelde, Patrick Volbrecht, Manu Volckaert, Ghennadi Vulpe, Linda Vyvey, Thoi Willems, Kevin Windelinckx, Jeroen Wybouw, Musim Yousufzai, Romal Yousufzai, Kamil Zakrocki,<br />

Mohamed Zeine. FRANCE MAINFREIGHT LILLE Massinissa Faci, Mehdi Peelman. MAINFREIGHT LYON Yann Borsellino, Marie Coralie Bruillot, Orlene Buisson, Thalita Carvalho Da Costa,<br />

Alexandre Coelho Paiva, Mathilde Decevre, Assia El Houssni, Douglas Felippe Barcelos, Amandine Gerardin, Armando Goncalves Pereira, Abdelaadim Khellout, Dylan Lesluin, Frédéric Martinez,<br />

Lou-Ann Missier, Maria Nercessian, Gaetan Quignard, Hugo Rusdikian, Erick Saes, Ahmed Sahraoui, Antonio Jose Silva Dos Santos, Ala Touati. MAINFREIGHT PARIS Gregory Aucouturier,<br />

Kamel Ayachi, Sarah Baloush, Tristan Bialek, Martine Blandin Neri, Stephane Bobu, Dylan Cadiou, David Chatillon, Irvin Collignon, Sylvie Costa Neves, Steeve Dalaize, Meddy Danjoutin,<br />

Damien De L'Espinay, Rene Claude Delblond, Vincent Delpech, Marine Deniau, Isabelle Denon, Tyler Derby, Elina Desbat Malakhova, Thibault Detrousselle, Paola Dos Santos Evora, Nadir Dramsy,<br />

Clement Dupas, Florian Durand, Chahrazed El Habib Kahloul, Kenza El Khatir, Jean Arnold Esser, Antonin Frayssinet, Fatima Ghalimi, Patricia Goncalves, Julie Groell, Nicolas Gutierrez, Maeva Havard,<br />

Laurent Janniaud, Stephanie Jasmin, Sofiane Jbilou, Melodie Julien, Lenny Kadmi, Luc Kele Maneno, Thomas Komaniecki, Sebastien Labe, Thierry Lacoudray, Julien Lahache, Loic Le Bars-Girinon,<br />

Jeremy Le Texier, Rodolphe Lenhart, Dylan Maaroufi, Charles-Henri Maingard, Sarah Marchitti, Abdoulaye Marega, Antoine Maslyczyk, Oumar M'Baye, Faten Meite Essid, Achille Merceron, Thierry Moisan,<br />

Flora Moussay, Celine Munoz, Julien Neuschwander, Franck Pardo, Emmanuel Peccatte, Melanie Perrot, Erwan Persee, Nathan Pezzucchi, M'Maka Piaraly, Raphael Pideciyan, Christophe Pihourd,<br />

Bruno Pommier, Soda Ponn, Jeremy Potel, Clemence Prive, Robert Prunier, Eric Puyet, Yannick Rodrigues Ribeiro, Arthur Roulier, Jacky Rupaire, Souad Salhi, Freddy Selenge Fotto, Eugene Seveur,<br />

Willem Pietersen, Kees Plantinga, Rob Polman, Rowan Polman, Toine Polman, Frans Poorter, Jurre Post, Marijn Pothoff, Thomas Prinsen, Ronald Putman, Anna Radosavljevic,<br />

Jonathan Ras, Bogdan Rascol, Reinoud Reesink, Eline Reulink, Maarten Reumer, Youri Rewinkel, Bianca Rexwinkel-Lieftink, Rudi Rietman, Regina Riggeling, Harmen Rijks, Léon Robbe,<br />

Bram Robeerst, Erwin Roelofs, Bryan Roelofsen, Anita Roelofsen-Besselink, Frank Roelofzen, Jeffrey Roes, Sven Romp, Wilfred Romp, Nardie Rosendaal-Verweg, Sandy Rossel,<br />

Margo Rottger-Goorman, Erik Ruesink, Mark Ruesink, Maurice Ruesink, Roland Ruesink, Johnny Ruikes, Sandra Ruikes, Bradley Russell, Marjel Rutgers, Mark Rutjes, Arno Rutten,<br />

Rob Rutten, Enrico Sabajo, Tamme Sanders, Pascal Sas, Jan Schepers, Laurens Schepers, Koen Schreur, Danny Schreurs, Jürgen Schuimer, Rob Schürmann, Bennie Schut,<br />

Jeroen Schuurman, Theo Schuurman, Jack Schweckhorst, Anita Seegers, Ronnie Sessink, Jimmy Sewalt, Nico Sewalt, Marloes Siemes, Rick Siemes, Silvia Siemes-Aalders,<br />

Thom Sileon, Rob Silvius, Mark Sloetjes, Jan Smits, Willem Smits, Niels Snelder, Mirjam Soetekouw-Lieven, Mike Sommers, Yvonne Sommers-Böhmer, Amanda Sonneveld-Lents,<br />

Annelies Spaan, Chris Spaan, Piet Speet, Hendrik Speksnijder, Patrick Spierenburg, André Sprenkeler, Nick Stapelbroek, Ramon Starink, Angelique Stefas-Vinkenvleugel,<br />

Angelique Steinvoort-Remijnse, Aydé Sterk, Floris Stevens, Harry Stevens, Jenny Stift, Joey Stinissen, Pascal Stoffels, Margo Stoverinck, Nadya Stroomer-Korovina, Michiel Sturrus,<br />

Joël te Dorsthorst, Tim te Grootenhuis, Thijs te Riele, Fred te Wiel, Eyüp Temir, Sevket Temir, Nick ten Brinke, Mark ten Have, Rick ten Have, Theo ten Have, Giel ter Beek, Jeroen ter Beest,<br />

Wesley ter Beest, Marcel ter Heerdt, Bertil ter Maat, Mart Terhaerdt, Bastian Termijtelen, Emiel Teunissen, Bjorn Theijssen, Isabel Thuss, Karin Timmerman, Bobby Timmermans,<br />

Giovanni Tornabene, Ruud Tousain, Nick Trentelman, Monique Tuenter-ten Holder, Jet van Aalst, Rob van Aken, Jamie van Andel, Dirk van Boggelen, Jeroen van Broeckhuijsen,<br />

Marcus van Brummelen, Suzanne van Dam, Marcel van de Wetering, Sjoerd van den Bos, Timo van den Bos, René van den Broek, Ewald van den Heuvel, Peter van den Toren,<br />

Luc van der Horst, Jeroen van der Rijst, Wouter van der Toorn, Rob van der Zee, Jos van der Zwet, Martijn van Dongen, Tom van Doorn, Mathijs van Drueten, Joost van Eerden,<br />

Jurgen van Eerden, Joost van Gaalen, Eddie van Gerven, Job van Gessel, Jet Van Haaren-te Dorsthorst, Jelle van Haarlem, Marc van Haarlem, Marijn van Haarlem, Wouter van Hartskamp,<br />

Gerard van Heeswijk, Wilfred van Kippersluis, Margo van Kooten, Joost van Leijen, Helga van Manen, Luc van Marwijk, Hans van Niekerk, Danny van Oostveen, Tom van Ree,<br />

Marco van Remmen, Sander van Schie, Guus van Schip, Harald van Schooten, Aart van Silfhout, John van Soelen, Martijn van Telgen, Rutger van Toor, Maren van Uhm, Niko van Uhm,<br />

Jacques van Uum, Elles van Veen-Winkel, Winfried van Vessem, Sebastiaan van Wageningen, Andy van Zolingen, Marco Veenstra, Ronald Venhoeven, Marijn Venhorst, Joost Verdouw,<br />

Ilona Verheij-Geerts, Niels Verheijen, Sylvana Verheijen, Fred Verholen, Lotte Verkerk, Hans Verploegen, Tim Verstege, Nick Verweij, Björn Visser, Reginald Visser, Ron Vlijm,<br />

Marieke Vredegoor, Jesse Vriezen, Edwin Vrogten, Sjoerd Waanders, Lammert Wanders, Michael Wanga, Rutger Wassink, Martine Wegenhousen, Natalie Weijenbarg-Bos, Bas Wensink,<br />

Henk Wentink, Maroesja Wentzel, Melvin Westerveld, Robin Westerveld, Edith Wevers, Michel Whien, Sandy Wielheesen, Richard Wienen, Jeroen Wierbos, Beau Wieskamp,<br />

Koen Wiesman, Kay Wijkamp, Erwin Willemsen, Erwin Willemsen, Michèlle Willemsen, Alex Wilmans, Cissy Wingelaar, Ron Winters, Monique Winters-Bruins, Marloes Wissink,<br />

Jordy Witjes, Patrycja Wolczyk, Sander Wolsink, Oktay Yalcin, Sakir Yilmaz, Frans Zuidgeest. MAINFREIGHT CROSSDOCK ‘S-HEERENBERG Yashar Ahmedov,<br />

Burak Akkan, Munsef Alshahhaf, Adam Altom, Mo Altun, Abrehaley Aman, Bodo Apmann, Chantal Arts, Mustafa Aulbi, Ibrahima Bangoura, Erhan Becerikli, Serkan Becerikli, Gert Beernink,<br />

Lucas Berendsen, Bastiaan Besselink, Anna Bigda, Jacek Bigda, René Bisselink, Diana Bisselink-Disbergen, Harold Bosch, Vinnie Botschuijver, Jeroen Bouwman, David Burkhardt,<br />

Sam Buser, Yunus Cadir, Stephan Campschroer, Atakan Celik, Piotr Chmielowski, Thorsten Claassen, Bahri Coroz, Guido Derogee, Osman Dincsoy, Elroy Elderman, Essaam Elrukabi,<br />

Deniz Eriel, Onur Eris, Samet Esen, Gert Essink, Robert Fricke, Nikolaj Fuks, Bart Giesen, Eyup Göcer, Alaa Habash, Khalil Habash, Hans Hageman, Eyob Haile, Patrick Helmink,<br />

Wilco Hendriks, Milko Heurnink, Gerben Heymen, Stephan Horn, Mirel Ionita, Mirela Mihaela Ionita, Bjorn Jansen, Kai Jansen, Nick Jansen, Sven Jansen, Waleed Jazirali,<br />

Naoual Teffah, Celine Thomas, Jody Tumba Makinu, Clementine Tutiaux, Oscar Van Der Have, Julien Vieville, Stephane Wargnier, Linhui Zhan. MAINFREIGHT AIR & OCEAN LYON Lenny Arnol,<br />

Anys Atoui, Manuella Boumpouthoud, Sandra Brun, Evann Garnier, Eva Guyot, Hajar Lamine, Mouna Lelorrain, Leila Mechta. MAINFREIGHT AIR & OCEAN PARIS Samy Anouche,<br />

Damien Barrault, Victoria Canisius, Joey Cardoso, Olivier Morin, Veronique Sabatier, Tomas Slabbers, Guillaume Thonet, Karima Yachou. GERMANY MAINFREIGHT AIR & OCEAN<br />

FRANKFURT Neslihan Bekdemir, Anouk Doosje, Lisa Heckmann, Severin Janus, Stefan Kickler, Daniel Kirsch, Christian Kleis, Damjan Krasulja, Leny Leinich, Sebastian Novak, Christiane Schäfer,<br />

Dennis Scheppert, Franziska Trinkner, Maximilian Ziegener. MAINFREIGHT AIR & OCEAN HAMBURG Tobias Collatz, Jonas Franz, Adrian Furhrmann, Timo Jozwiak, Verena Kohlstruck,<br />

Malvisa Leka, Zeinab Rehman, Shu-hui Riehle, Maximilian Schauerte, Tim Stubbe. ITALY MAINFREIGHT MILAN Alessandro Annecchino, Pierre Bretault, Gianmarco De Prosperis.<br />

MAINFREIGHT AIR & OCEAN MILAN Marica Anselmi, Valentina Brambilla, Paolo Cabrini, Stefano Centrone, Francini Rosa Dandolini, Alessandra Divina, Chiara Farneti, Daniele Giannetto,<br />

Julian Kistenmacher, Corina Maties, Eleonora Cinzia Milcali, Giuseppe Signorile. NETHERLANDS MAINFREIGHT ‘S-HEERENBERG Koos Aaldering, Rob Aalders, Djolinda Aarsen,<br />

Marc Aarsen, Tonnie Abbenhuis, Diana Abbenhuis-Siroen, Wichard Achten, Afshin Alipor, Theo Alofs, Celine Altena, Jhonny Amting, Freddie Anneveld, Danielle Arendsen, Bram Assendorp, Luuk Baakman,<br />

Lydia Baars-Kuster, Dion Bakker, Leon Bakker, Serdar Baktir, Salih Bal, Thijs Ballast, Quincy Banning, Stefan Banning, Wilco Bannink, Sven Baum-Sonntag, Sem Bavelaar, Sylvia Bavelaar-Cowan,<br />

Ina Beekhuizen-Roes, Pieternel Beekvelt, Nick Beijer, Aart Bendeler, Tom Benning, Ramona Benning Van Aken, Youri Berendhaus, Roy Bergevoet, Jordy Bergman, Marco Berndsen, Remco Berndsen,<br />

Twan Berndsen, Harriëtte Berndsen-te Dorsthorst, Bas Besselink, Angelo Beumer, Thomas Bijl, Annelies Bijsterbosch-van Leeuwen, Rianne Bisseling, Leon Bleumink, Ivo Bod, Robin Boeijink,<br />

Jamai Boerakker, Silvia Boerakker-Jansen, Justin Böhmer, Esther Bolwerk, Melody Bongaarts, Boudewijn Bongers, Stefan Bongers, Luke Bos, Johan Bötzel, Gerald Braam, Menno Brandsma,<br />

Pauline Brevé, Joan Brink, Arno Broekhuizen, Ton Broekhuizen, Lieke Brom, Hans Bruggeman, Jeroen Bruggeman, Gerard Brugman, Ilona Brugmann, Jeroen Bruil, Robert-Jan Bruil, Annette Bruil-Hofs,<br />

Randy Bruns, Jaron Brunsveld, Michel Bruntink, Gerda Buffinga-Feddes, Mark Buijl, Wim Buijzert, Rob Buiting, Gerjan Bulten, Andrei Burlacu, Alonso Canales Rios, Bülent Cavlun, Chow-Ling Chong,<br />

Arnoud Coenradij, Inge Colenbrander, Gerrit Cornelissen, Roy Cornielje, Marcel Craninckx, Jeff Cunha, Saskia Daams, Erik Dalenoord, Maikel de Graaf, Maarten de Graauw, Janita de Jong, Rinus de Jong,<br />

Marc de Laat, Marco de Laat, Jeroen de Lange, Kevin de Lange, Quando de Man, Hemmy de Reus, Bob de Ruijter, Dariush de Vries, Rudi de Vries, Stefan de Vries, Mariëtte Debets, Peter Deddens,<br />

Theo Deijnen, Musa Dellal, Jordy Dellemann, Bert den Brok, Jeroen Dieker, Menno Diepenbroek, Bart Dijkman, Dinie Dijkman-Reessink, Tania Donis Psarou, Mirjan Donkers-Liebrand, Arjen Drent,<br />

Wim Driessen, Nicole Driever-Ruess, Ivo du Plessis, Furkan Durmaz, Muhammed Durucan, Linda Duvigneau, Marcel Duvigneau, Corrie Ederveen, Denise Eenkhoorn, Olaf Eenstroom, Marjo Egging,<br />

Jordi Eijgelsheim, Jorn Eijkelkamp, Leroy Elderman, Sander Elfring, Marc Elting, Rody Elting, Michel Engel, Hans Engelen, Ramon Engelen, Theo Engelen, Ron Enzerink, Martin Essink, Niek Essink,<br />

Jeremy Evers, Corine Evers-Karsten, Bart Ewijk van, Dana Feldmann, Jesse Feukkink, Mark Feukkink, Tommy Firing, Ben Fitts, Patrick Fleuren, Noël Fotopoulos, Michelle Frank, Danja Frauenfelder,<br />

Yoram Frauenfelder, Jeanette Frauenfelder-Frazer, Peter Frederiks, Rob Frencken, Ceriel Frensen, Colin Frericks, Mike Freriks, Alexandra Fricosu, Rosite Frielink-Gerrits, Joost Froeling, Lucas Fuzaro,<br />

Leander Geelen, Koen Geerts, Jan Geertsema, Lorenzo Gerritsen, Remco Gerritsen, Donny Gerritzen, Bram Gesink, Stephanie Giesen, Meryn Gladdines, Cemil Gönc, Karolina Gorczynska,<br />

Kaja Goudswaard, Rosanne Gregoor, Arjan Greven, Indy Greven, Justin Groen, Hans Groothuis, Danillo Gussinklo, Eva Haanen, Justin Hagelstein, Tamara Hakfoort, Niek Hansen, Ylaine Hansen-Böhmer,<br />

Nino Harbers, Anke Harding, Remco Harleman, Ted Hebinck, Wessel Heezen, Erik Jan Heijkoop, Jesper Heijkoop, Patricia Heijnst, Marieke Heinen, Eddy Heister, Leon Heister, Stefan Heitink,<br />

Bert Hendriks, Niels Hendriksen, Ineke Hendrixen-Wissink, Bas Hermsen, Anouck Hesseling, Chiel Hesseling, Harm-Jan Hilhorst, Ronny Hoefman, Wilco Hogenkamp, Danny Hoksbergen,<br />

Berry Holleboom, Monique Holleman, Sebastiaan Holleman, Bianca Holtslag, Robin Hoogenraad, Demi Hoogland, Arthur Hoogsteder, Roos-Marijn Hoytink, Jeffrey Huffner, Rob Hulshof, Gijs Hunting,<br />

Okhan Huy, René Inkenhaag, Amar Jaggan, Cindy Jansen, Dennis Jansen, Frank Jansen, Frans Jansen, Gerald Jansen, Lars Jansen, Robbin Jansen, Sander Jansen, Wouter Jansen, Berry Janssen,<br />

Koen Janssen, Wouter Janssen, Laura Jentink, Robert Jochoms, Gepko Jonker, Douwe Kaastra, Henk Kamphuis, Danny Karsten, Hennie Karsten, Pargol Kashani Nejad-Azarbad, Zoltán Kecskeméti,<br />

Paul Kempers, Frank Ketelaar, Evelien Keurentjes, Sander Keus, Dominic Klein Bleumink, Iuliia Klepikova, Hans Kloosterboer, Wilma Kloosterboer-Bisselink, Jan Kniest, Jeroen Kniest, Jordy Kniest,<br />

Recep Koçak, Emily Kochhäuser, Aaron Kock, Raymond Kock, Miranda Kock-Augustijn, Fred Kolkman, Wim Konings, Evie Koolenbrander-Tinnevelt, Linda Korteweg, Antoine Kortlever, Rut Koster,<br />

Mehmet Kozan, Marcel Kramp, Rien Kranen, Demi Kriesels, Bert Krijger, Stina Kristiansson, Devlin Krul, Pascal Kuiper, Willy Kuiper, Jeroen Kuipers, Timo Kummeling, Ellen Kuppers, Co Küppers,<br />

Nik Lambooij, Erik Lammers, Nikky Langkamp-van Veluwen, Ivan Larsen, Erik Leijgrave, Mike Lelivelt, Bas Lentink, Corinne Lepine, Wygle Liebrand, Harrie Ligtvoet, Kevin Loef, Roepnarain Loilargosain,<br />

Tanja Loskamp-Verstegen, Angelique Lovink, René Luijmes, Berni Luimes, Petra Luiten-Zweers, Casper Lukassen, Jurgen Lukassen, Tessa Luttmer, Hishem Maksoud, Mulugeta Mandefiro, Mitchel Marcks,<br />

Joep Marissink, Jos Marissink, Dennis Marschall, Astrid Martens-Verbeeten, Nicol Martínez Marcinkowska, Ferdinand Massop, Petra Massop, Jelle Medze, Arjan Meijer, Wesley Mennings, Britt Mennink,<br />

Lars Mennink, Marco Menting, Roy Menting, Natalie Menting-Helmink, Nicole Messing-Liebrand, Sem Methorst, Anneke Meulenbelt, Björn Meunders, David Meurs, Lex Miechels, Kasia Mierzwinska-Donck,<br />

Simon Milla, Antonie Moonen, Lisan Moorman-Wielheesen, Delphin Mulder, Gerben Müller, Peter Nagel, Rosie Neervoort, Hakija Nekic, Edwin Nienhuis, Chris Nijland, Daan Nijman, Barry Notten,<br />

Charlotte Nuissl, Silvan Obelink, Henry Oosterdijk, Ronnie Overbeek, Anette Overgoor, Frank Overgoor, Jordi Overgoor, Thijs Papenborg, Marcel Peppelman, Dylan Perloy, Alice Peters, Liane Philipsen,<br />

Nehemia Johannes Semere, Daniel Karpinski, Hakan Kermen, Ozan Kermen, Fatih Kesoglu, Poldien Keurntjes, Erol Kilicdere, William Kniest, Dennis Konstapel, Krzysztof Kurek,<br />

Mehmet Kurum, Jeroen Lakwijk, Henk Lammers, Peter Langenheim, Pascal Lieon, Osama Luay Jabbar, Erwin Lubbers, Herman Lubbers, Niels Lubbers, Ronald Luikink, Adrian Marin,<br />

Daniel Marin, Frauke Mellendijk, Martin Meyne, André Miguel, Lukas Miskinis, Romedan Mohammed Ali, Angelo Morosini, Ysa Mouri, Joost Mulder, Jekar Khwein Mustafa,<br />

Tewelde Nablish Ukbatsen, Michael Neils, Santana Nijland, Daniel Nowak, Ricardo Oosterveld, Mohamed Osman, Veyis Özkara, Furkan Pektas, Sean Peters, Michal Pilka, Pawel Plewka,<br />

Dirk Remkes, Meriam Rengelink-Bongers, Guido Roes, Alexander Rudi, Rik Ruikes, Dorie Rutjes-Janssen, Denis Sadovic, Umut Sari, Dávid Semivan, Boris Sestakov, Saban Sevimliay,<br />

Nick Sewalt, Daniel Simmes, Geert Steltjes, Cor Straub, Karl Heinz Tabatt, Zohir Tachfi, Richie Tatoglu, Hein te Winkel, Dewi Tebeest, Ahmet Temir, Cuma Temir, Wibo Tempel,<br />

Raymond ten Haaf, Mike ten Holder, Annette Thiele, Ralf Timmer, Tom Tinnevelt, Ercan Tuku, Sebastiaan van Aken, Peter van de Kamp, Monique van der Velden, Sven van Elburg,<br />

Francis van Zelst, Lucas Veenhof, Luuk Veerbeek, Remo Verschueren, Jarno Visser, Willem Visser, Baris Vural, Sjoerd Waanders, Joanna Warczak, Pascal Wevers, Marc Wijnsema,<br />

Hennie Willemsen, Corinna Winkels, Danny Witjes, Hatem Yaktemur, Dogukan Yildirim, Emre Yildirim, Haci Yildirim, Emirhan Yorulmaz, Arthur Zegstroo,<br />

Adam Zietek. MAINFREIGHT CUSTOMS CLEARANCE ‘S-HEERENBERG Marianne Becker, Petra Beumer, Marion Boeré, Coco Buunk, Olcay Cil, Aleyna Çil,<br />

Martin Coenen, Angelo Daamen, Ramon de Bakker, Burcin Erler-Oral, Remilda Jansen-Mennings, Franc Kleizen, Fred Martens, Bas Moll, Tim Peperkamp, David Pouwels, Jacqueline Ras,<br />

Burak Sahin, Maksym Savrytskyi, Rieky te Grootenhuis-Hebbink, Bram Tromp, Ruud van Buuren, Britta van Gerrisheim, Peggy van Koot. MAINFREIGHT TILBURG Jurriaan Cijsouw,<br />

Bart Decnop, Corné Leijtens, Saloua Ouchen, Marco Ouwehand, Manaure Pineda Santos, Lukas Schmidt, Karishma van Dongen, Roy Verploegen, Michiel Zijlmans.<br />

MAINFREIGHT AIR & OCEAN AMSTERDAM Dwin Abnosian, Demy Appel, Vitesh Bhaboeti, Arnold Bierma, Thom Dijkslag, Jeroen Geerdink, Leslie Gorter, Samuel Grootjes,<br />

Esmee Heuvink, Daniel Joor, Marèl Leferink op Reinink, Gideon Lioe-A-Tjam, Ina Miraka, Joost Schyns, Jacco van Ouwerkerk, Yorben Wiebers. MAINFREIGHT<br />

AIR & OCEAN ROTTERDAM Sven Arkel, van, Youri Bal, Wesley Banis, Mitchel Barendregt, Marije Beliën, Ricardo Bello, Felix Boyce, Bastiaan Broere, Dermot Clark, Melvin da Luz,<br />

Marjenka de Bell, Ramon de Feijter, Ronald den Held, Nadia Diraa, Björn Febus, Cora Greven, Bert Hoepel, Enisa Kajmović, Jimmy Kiekens, Monique Kleijburg-Streefland, Laura Kuijpers,<br />

Mitchell Lagendijk, Colijn Liebeton, Chi Hin Man, Nic Matthews, Claudia Mellier, Maarten Mol, Mary Mumper, Roushan Nohar, Carlo Pons, Rhea Post, Remy Rosendahl, Hendrik Schuman,<br />

Hendrik Schuman, Sharareh Shalileh, Danielle Spanjersberg-Scharff, Dion Tolenaars, Dursun Ulutaş, Arthur van Amen, Astrid van Dam, Yvonne van den Berg,<br />

Veronique van den Berge-Peerboom, Nina van der Roest, Elena Van der Sypt, Mels van Egmond, Ramon van Hek, Matthijs van Herk, Mariska van Schaik, Julia Vasileva, Stijn Vliegen,<br />

Jacco Wijker, Shazia Zadi, Ricardo Zwaan. MAINFREIGHT WAREHOUSING BORN Azur Aben, Arej Bajbouj, Tom Bakkers, Hakan Bayhan, Libor Bednarik, Ronald Bergrath,<br />

Lotte Beurskens, Andre Bonnie, Roald Bosch, Riana Brauwers-Bening, Sven Bronkhorst, Emilia Brouns, Raminta Cepulyte, Sare Cevik, Christina Chan, Kiki Cogh, Richard Cords,<br />

Jos Cox, Vivian Daniëls, Mark de Boer, Marvin de Kok, Brigitte Deckers, Colin Derks, Marcel Destreel, Joanna Drwiega, Shoukry Elsharawy, Geert Eummelen, Silvia Eussen, Anita Everaerts,<br />

Jeroen Evers, Dammy Fajugbagbe, Bart Fischer, Ron Frijters, Edwin Geerman, Plony Gouw, Peter Grammé, Hans Graus, Mitch Hendriks, Eddy Hermans, Joselien Hoen-Adams,<br />

Werner Hoofs, Nigel Jacobs, Dietmar Jahn, Jakub Kaczmarski, Romy Kampstra, Gazi Keba, Ferno Keesmeekers, József Kiss, Jennifer Knap, Kevin Koster, Arno Kuijpers, Nick Lamers,<br />

Mike Lemmens, Saskia L'Espoir, Daniel Lewicki, Stefan Maas, Trees Maessen, Maurice Makhaisingh, Anna Matla, Anna Miszczyk, Eno Mobers, Rabija Nedzibovic, Jan Nijssen, Ivo Notten,<br />

Fred Paas, Daniel Palikowski, Cameron Pfeiffer, Quentin Pfeiffer, Rafal Pieronkiewicz, Lesley Raadschelders-Wouters, Robin Ramaekers, Naomi Reijnders, Liesbeth Reyskens,<br />

Norman Ridderbeekx, Chris Roering, Justyna Rogacka, Adam Rogatzky, Fidel Rosaria, Ger Schröder, Karl Schubert, Davey Sloesen, Ira Smeets, Jordy Smits, Marlies Soetelmans-Gerits,<br />

Margreet Spoor-Koopman, Edyta Szkaluba, Yolanda Tholen-Bork, Ronny van Cauter, Martijn van der Helm, Chongnapa van Dijken-Suwannapak, Daphne van Dosselaar, Danny van Driel,<br />

Yin Van Meegen-Lin, Jelle van Riesen, Purusharth Verma, Kevin Wagemans, Louis Wijnen, Monique Wolffs, Nico Wuyts, Mark Zelis, Rob Zonneveld. MAINFREIGHT<br />

WAREHOUSING ‘S-HEERENBERG Sherif Abdelaziz, Enver Aktaran, Anisa Alla, Hasan Alla, Jessica Alla, Vathiana Alla, Stef Althoff, Robertas Ambrasas, Elina Ambrasiene,<br />

Carlos Romero Amoros, Giovanni Angenent, Ariana Elizabeth Arias Gomez, Guillermo Arteaga Hernández, Ando Asatryan, Marine Auguin, Mihaly Babincsák, Florin Babuica,<br />

Inês Bacalhau Leal De Jesus, Wilbert Bach, Marcel Backus, Glenn Balder, Krisztian Balogh, Richard Balogh, Sandor Balogh, Sorin Bambir, Daphne Bannink, David Baranowski,<br />

Simone Bartilomo, Kristian Básti, Marcel Bax, Kasia Beekhuizen, Melvin Beekhuizen, Danny Beernink, Franny Bekema, Koen Bekkers, Robert Benedek, Dennis Berends, Eline Berendsen,<br />

Hans Berendsen, Sandra Berendsen, Edwin Berfelo, Katja Berntsen, Jael Besseling, Christiaan Besselink, Daniel Bida, Dominika Bielasinska, Andre Biermann, Musa Bilici,<br />

Hans-Peter Bisseling, Patricia Blanken-Epskamp, Ronald Boers, Tonny Bomers, Sverre Bonaparte, Vivian Bongers, Julian Bos, Mike Bosch, Monica Bosman, Ahmed Boughanmi,<br />

Vincent Brakenhoff, Gonnie Brand, Danny Brinkhorst, Maurice Brinkman, Manon Broekhuizen, Sandra Broer, Willem Bronsema, Jolanda Brouwer, Detlef Brucks, Danique Bruntink,<br />

Dennis Brzoska, David Buijl, Bernard Bularca, Monica Bularca, Hannie Bulten-Tijken, Roy Campschroer, Lukasz Capar, Wi Chaisim, Dominique Chen, Daria Ciesielska, Artur Ciesielski,


47 48<br />

Magdalena Ciesla, Anil Cil, Dawid Cislak, Lukasz Cislak, Joanna Ciurkot, Jeannette Clarke, Nigel Clarke, Martin Coenen, Amir Coric, Arnold Cremers, Gabor Csepregy, Lubos Cuchran,<br />

Veronika Cuchranová-Jascurova, Agnieszka Cygan, Aleksandra Cynar, Marcin Czarniecki, Annemiek Dahles, Tan Dao, Gerwin de Boer, Hilbrand de Boer, Dax de Man,<br />

Miguel De Nobrega Navarro, Niek de Vries, Mike de Wit, Miguel Delamo Lopez, Bart Demkes, Bennie Demkes, Jeannette Derksen, René Derksen, John Derlagen, Petra Derlagen,<br />

Marijke Dikker-Hamer, Gudrun Dirlich, Bernadett Dombai, Nicole Donders, Sylwia Donga, Maurice Dongelmans, Jurgen Doppen, Lars Driessen, Thomas Driessen, Mariusz Drzewicki,<br />

Anna Dubacka, Dominika Dudek, Jeffrey Duinmaijer, Adis Dzanko, Marco Eding, Rasha Elsherif, Sonja Elshof-Zoetekouw, Ismet Erzi, Anouk Evers, Sarieke Ewes, Eduardo Feliz Arias,<br />

Jeffrey Forterie, Marnix Frazer, Adrian Frencek, Ernst Freriks, Patrycja Gaciarz, Jerry Gacik, Maria Galán, Sander Geerts, Marise Gerritsen-Zwetsloot, Tina Gerritzen, Edwin Geurts,<br />

Tom Geurts, Marcella Gielens, Sandra Gierszewska, Monique Giesen, Iris Gijsbertsen, Beata Gliwka, Krzysztof Gnacinski, Barry Goöle, Djuwla Goöle, Dirk Goossen, Patrick Goossen,<br />

Sonia Goralczyk, Ronnie Gotink, Tijn Grintjes, Esmiralda Groen, Kamila Grubich, Nathalie Gruijters, Jolanta Grynfelder, Joanna Grzegolec, Gökhan Güler, Mike Guschauski, Rafal Hadrych,<br />

Soran Hady Ali, Juraj Hajdú, Alexander Harmelink, Robbin Hartemink, Detlef Hawranke, Aron Heerschap, John Hegeman, Arjen Heijboer, Juliane Hein, Peter Heinrich, Jeanette Hendriks,<br />

Willie Hermsen, Peter Hetterscheid, Ires Heutinck, Derk Heuvelink, Bernadeta Hilgner, René Hill, Ludovit Hladky, Billy Ho, Sandy Ho, Yannick Hoornstra, Jennifer Hoppe-Tueck,<br />

Gabor Horvath, Esther Houtman, Damian Hruby, Gabriela Hucovicova, Patricia Hucovicova, Lucia Hudakova, Richard Huisman, Laura Hunting, Kathleen Huntink-Richter, Marian Iancu,<br />

Bogdan Incarca, Remus Ionascu, Zahid Ishaq, Ivana Ivancova, Paulina Jagodka, Jeroen Jansen, Mathijs Jansen, Michel Jansen, Ingo Janssen, Jorn Janssen, Milo Janssen,<br />

Wilfred Janssen, Karolina Jarocka, Magdalena Jaworska-Kowalczyk, Daniela Jedlickova, Gerrie Jeene, Robert Jeszka, Florin Jianu, Gabriele Jocyte, Dawid Jonca, Hans Jonker,<br />

Stefan Jozefik, Silvia Jozefiková, Matthie Kaak, Paulina Kaczmarek, Angeliki Kaiti, Lars Kalinski, Brigitte Kambel-Bleumer, Simona Kamhalova, Hubert Kamphuis, Iryna Kamphuis,<br />

Vanilien Karbunara, Joanna Karwat, Edyta Karwata, Holger Kasimir, Robert Kempka, Furkan Kesoglu, Karen Keuben, Sven Keurntjes, Edward Kingma, Kimberly Kistemaker, Kamil Klatka,<br />

Nico Klein Wolterink, Patryk Knapik, Maik Knopke, Rob Kobesen, Niels Kok, Malgorzata Kolosa, Kamil Koniecko, Cecile Konstapel, Django Kooij, Patrick Kooijmans, Tomasz Koprowicz,<br />

Robert Korczynski, Joanna Korevaar, Alan Kort, Christian Koskamp, José Koster, Arjen Koudijs, Angelika Kowalska, Wioletta Kozij, Jakub Koziol, Anna Koziol-Krol, Nikolas Králik,<br />

Peter Kraps, Simon Krawczyk, Imco Kreeft, Tessa Kromkamp-Schoonderwoerd, Lisanne Kruiniger, Magdalena Kubina, Kaspars Kula, Adam Kupczynski, Paul Kuster, Beata Kutera,<br />

Katarzyna Kutera, Jakub Kuzminski, Piotr Lagiewka, Jarst Lammers, Timothy Landman, Aneta Langer, Nina Langhi, Kimberly Langwerden, Astrid Lankreijer, Kim Le, Johanna Leenders,<br />

Timo Leenders, Michel Lenderink, Levi Lenting, Dariusz Lenz, Katarzyna Lenz, Kerliai Letwory, Pauline Leunen, Christian Leurs, Kailin Leusink, Kamil Lewandowski, Indira Liebers,<br />

Anna Lis, Twan Loeven, Dariusz Longer, Izabela Lorentowicz, Ernesta Lotvinaite, Richard Louwe, Bartlomiej Lubaszewski, Eefje Lucassen, Janny Lucassen, Twan Lucassen, Karol Lyczak,<br />

Michalina Maciuk, Linda Maquine, Krzysztof Markowski, Lajos Markus, Tina Markusa, Andreas Martens, Airam Martin Valverde, Agnieszka Maruszak, Aafke Mateman, Johnny Maurick,<br />

Aleksandra Mazurowska, Eliezel Jose Medina Reyes, Gerbert Medze, Eirini Meijer, Jip Meijer, Tom Meijer, Arjen Meijering, Lucia Meliskova, Jeroen Mellendijk, Lucie Mensikova,<br />

Tomasz Mertka, Anna Michalak, Beata Mielczarek, Patricia Momcilova, Aleksandra Morawska, Kristina Mrvová, Martijn Mul, Nadine Muller, Jelmer Munsterman, Bashir Mustafa,<br />

Laura Navarro Lopez, Andrej Necpal, Mike Neidhöfer, Bogdan Nicolici, Grzegorz Niedzielski, Gabi Niersmann, Karin Nitschker, Martyna Nojfeld, Katarzyna Norek, Yilmaz Norman,<br />

Agnieszka Nosal, Monika Nowak, Jarno Nuijen, Maria Jose Nunes, Maylen Nuñez Trompiz, Thomas Obermeit, Nicole Obojes, Adam Ociepa, Karolina Ociepa, Rafal Oleszczak,<br />

Danielle Oudbier, Marga Overgoor, Ronnie Paar, Imre Papp, Naike Parolo, Piotr Parszeniew, Paulina Pchelka, Juul Peeters, Karen Perez Santana, Danny Peters, Henk Peters, Maik Peters,<br />

Michaël Peters, Wim Peters, Wouter Peters, Jacopo Picardo, Marleen Pietersen, Hetty Plasschaert, Claudia Plucker, Nico Polak, Kevin Polman, Roy Polman, Lenka Ponertova,<br />

Walter van Bergen van der Grijp, Egbert van Brakel, Saridjah van de Noort, Hans van den Berg, Hans van den Boogaard, Britt van den Wijngaard, Cobi van der Leij-den Heijer, Caroline van der Linden,<br />

Alli van der Linden-van Veen, Astrid van der Loo-Mulders, Sten van der Pennen, Gerrit van der Vliet, Mark-Pieter van Diggelen, Ton van Dorst, Adrie van Haaren, Ria Van Hemert-Mulders,<br />

Kimberly van IJzendoorn, Arno van Leeuwen, Björn van Lith, Michelle van Maanen, Giel van Malsen, Sander van Meurs, Luuk van Oers, Anita van Oort, Jan Willem van Oostrum, Julia van Rinsum,<br />

Naomi van Santen, Anja van Valen, Annelies van Vendelo, Anna Vasasne Deak, Lorens Vecaukums, Miranda Verbon, Romans Vingris, Priscilla Voskamp, Rob Voskamp, Gonda Voskamp-Berends,<br />

Jolanda Walravens, Rick Warmerdam, Rémon Weerwag, Dorien Wenting, Gerbrand Wesselink, Kasia Woitaschek, Benno Wormgoor, Klaudia Laura Wysocka, Nicole Xhofleer, Cansel Yilmaz,<br />

Monika Zaczek, Janis Zvaigznons. TRAINING TEAM EUROPE Anne-Kim Alserda, Elif Bilici, Courtney Bould, Claire van Welzenis. POLAND MAINFREIGHT KATOWICE Kamila Albayrak,<br />

Sabina Bryniarska, Aleksander Foik, Katarzyna Kaczmarek, Dominika Kluczwajd, Patrycja Lach, Sebastian Łonak, Rafał Maciaszek, Aleksandra Mandel, Izabela Pera, Agnieszka Ratajczak, Paweł Skrzek,<br />

Jakub Warda, Łukasz Winiarski, Filip Wolanowski. MAINFREIGHT POZNAN Szymon Błasiak, Kamil Cieślik, Maciej Glapka, Bartosz Kiełbowicz, Przemysław Ławniczak, Szymon Pietrzyk,<br />

Katarzyna Piłacik, Przemysław Sas. MAINFREIGHT PRUSZKOW Marek Adamowicz, Michał Antuszewski, Robert Bajkowski, Tomasz Barańczuk, Andriy Bartkiv, Dzmitry Belaus, Ilona Berne,<br />

Łukasz Białowąs, Konrad Bielenda, Natalia Bielenda, Janusz Bołtruczuk, Izabela Bonderska, Patrycja Bor, Kacper Borejsza, Agnieszka Brymerska, Andriy Bychyk, Tomasz Bzura, Paulina Cabaj,<br />

Stanisław Chrustny, Zdzisław Chrustny, Krzysztof Chryciuk, Aleksander Czerwiński, Paulina Dąbrowska, Krzysztof Dąbrowski, Ruslan Dikhtiar, Artur Domżał, Krzysztof Dróżdż, Paweł Filipek, Roman Gabryl,<br />

Marcin Gaze, Dariusz Gładki, Bogdan Gonerski, Paweł Gozdalski, Kamil Gregier, Dariusz Grządzielewski, Rafał Grządzielewski, Andrzej Grzesik, Kamil Haluch, Kamil Haluch, Simon Harvey, Kamil Idziaszek,<br />

Mirosław Jóźwiak, Magdalena Kado, Bożena Kałuska, Łukasz Kamiński, Mikalai Katkavets, Valery Katkavets, Ivan Khimach, Zbigniew Kiper, Ivan Klym, Tomasz Kochanowski, Bogdan Kojkoł,<br />

Wiesław Konik, Renata Korytkowska, Stanislav Koval, Andrzej Kowalewski, Jacek Kowalewski, Rafał Kowalik, Jarosław Kowalski, Andrii Kudryk, Ihor Kulyk, Witold Kurek, Yury Kurpatsin, Dariusz Kusztal,<br />

Adam Lach, Piotr Łopaciński, Grzegorz Łukomski, Piotr Maciejczak, Dmytro Makagonov, Andrei Makarevich, Andrei Makarevich, Adam Makowski, Mariusz Malec, Andrzej Mandziński, Petro Marchuk,<br />

Rafał Marczuk, Zbigniew Marczuk, Siarhei Markavets, Paweł Matraszek, Karol Miller, Filip Mirgos, Katarzyna Mirgos, Tomasz Mosingiewicz, Piotr Nawrocki, Magdalena Obiegło, Łukasz Okruch,<br />

Tomasz Olesiński, Ihor Oliinyk, Rafał Pankiewicz, Yury Pavalanski, Zbigniew Pawlak, Artur Pawłowski, Janusz Perski, Grażyna Piątkowska, Dominik Pietrzyk, Zdzisław Pietrzyk, Ewelina Podgórska,<br />

Ryszard Podsiadło, Arkadiusz Pokora, Kamil Polowczyk, Krzysztof Przyborowski, Marta Przybylska, Marcin Pytel, Bogdan Rakowski, Agnieszka Raunmiagi, Roman Reluga, Adam Romejko,<br />

Marcin Rudowski, Tomasz Rudzki, Adrian Ścibiorek, Vitali Shreitar, Ireneusz Siłaczewski, Piotr Skipor, Rafał Sobociński, Maciej Sobolewski, Piotr Świętochowski, Vel Rybak Sylwester Szlendak,<br />

Grzegorz Szymanek, Mariusz Teluk, Wojciech Tokarz, Arkadiusz Tomczak, Paweł Uchal, Jarosław Ulewicz, Valery Vabishchevich, Bohdan Voloshyn, Hanna Walkowiak, Piotr Walkowiak, Joanna Wąsowska,<br />

Henryk Weber, Michał Wieteska, Hubert Wiśniewski, Bogdan Witanowski, Katarzyna Wodowska, Piotr Wolański, Ryszard Wolański, Oleksandr Zakharko, Marcin Zamojski, Krzysztof Zawojek,<br />

Stefan Zieliński. MAINFREIGHT AIR & OCEAN WARSAW Piotr Dejtrowski, Adam Izdebski, Kamil Krawczyk, Rafał Latała, Emilia Pogonowska, Patrik Popek, Paweł Rutkowski.<br />

ROMANIA MAINFREIGHT BACAU Ioan Bandila, Roxana Elena Grigoras, Cornel Hriban, Cristi Madalin Hriban, Roxana Iosub, Laura Maria Pavel, Bogdan Constantin Sturzu.<br />

MAINFREIGHT CLUJ Bogdan Constantin Chiscovici, Gheorghe Ciobanu, Marius Ionut Dinca, Denise Laura Duduiala, Silviu Ioan Lup, Alexandrin Macavei, Flaviu Emanuel Marian, Silviu Moldovan,<br />

Victor Alexandru Muresan, Alina Ramona Oros, Delia Pasztor, Cristian Marius Petrus, Vlad Iustinian Popa, Luiza Maria Stoian, Roxana Suciu, Sergiu Vasile Suciu, Ilie Florin Urs,<br />

Robert Gyory Vajas. MAINFREIGHT PLOIESTI Marian Daniel Andrei, Marin Anghel, Georgian Marius Angheloiu, Daniela Elena Anton, Razvan Apostolescu, Alina Elena Barbu, Daniela Barbu,<br />

Loredana Barbu, Pandele Barbulescu, Mugurel Ciprian Bejan, Bogdan Stefan Boboc, Adrian Ionut Bocan, Ilie Costin Bostina, Cristina Ramona Bratu, Livius Florentin Calinescu, Mihai Florin Capraru,<br />

Anisoara Catalin, Nicoleta Mariana Cazacu, Nicolae Cristian Ceaus, Gheorghe Cega, Camelia Gabriela Cercel, Ionut Leonard Cercel, Mihaela Cernat, Traian Laurentiu Cimpeanu, Gheorghe Constantinescu,<br />

Magdalena Poniatowska, Marcin Prus, Vasiliki Psychogiou, Danica Puljic, Adrian Pytlak, Isabel Raayman-Tito, Sascha Rap, Rebin Rashid, Pascal Ratering, Kinga Regnowska,<br />

Marcin Regnowski, Joop Reitsma, Benjamin Rekoert, Konny Rennings, Bertie Reumer, Paulien Reumer, Jos Rexwinkel, Attila Riba, Ferdie Robben, Martina Rödel, Petra Rodewald,<br />

Pablo David Rodriguez Taltavull, Alicja Rogowska, Aleksandra Rojek, Franck Roodbeen, Magdalena Rosolinska, Harry Röttger, Ida Roznicka, Ainaras Rudvalis, Joyce Ruesink,<br />

Douwe Ruikes, Charline Rutten-de Boer, Rafal Sadowski, Ferit Sahin, Debbie Salemink, Braulio Salgueiro Gonzalez, Alexandru Santa, Antoniya Saracheva, Eqbal Sarwari, Iris Saulus,<br />

Marco Schaap, Owen Schenning, Vincent Schilp, Sandra Schneider, Elena Schokkenbroek, Bram Scholts, Dominique Schonewille, Jürgen Schöttler, Betsie Schuurman, Hans Schuurman,<br />

Marc Schwittepper, Krzysztof Sedlak, Geert Seegers, Dawid Serafin, Slawomir Seremet, Natacha Shahani Roque, Erwin Siebelink, Roy Siebelink, Hennie Siebes, Mike Siemons,<br />

Magdalena Siennicka-Kowal, Suzanne Sigmond-Coops, Bart Slutter, Tonny Smeenk, Harrie Smit, Erwin Smitjes, Ruud Snaar, Juste Sneideraityte, Ruben Snippe, Monika Sobczynska,<br />

Monika Sornat, Mehmet Soy, Marco Spadone, Anita Span, Magda Sromek, Alexandru Stan, Katharina Stasch, Dan Stavarache, Andreas Steinvoort, Marcin Stemski, Tom Steverink,<br />

Bas Stienissen, Tonny Stoffels, Robert Stoltman, Adam Stram, Tim Stronk, Mieke Sturkenboom, Beata Sufin-Dzieszkowska, Adrian Szerszeniewski, Szymon Szymkowski, Monique 't Hart,<br />

Olga Tabashnenko, Jaimy te Grotenhuis, Sjoerd Teerink, Can Tekin, Maurice ten Bensel, Jan ten Have, Cigdem Tepegoz-Yildiz, Sander ter Beek, Cody ter Beest, Kidane Tesfameskel,<br />

Gerard Thuijs, Diana Tiemens, Hermien Tiessink, Florin Tircomnicu, Barbara Tkocz, Michal Tokarski, Sebastian Tokarski, Tomasz Tokarski, Lisa Tomasoni, Kamil Tomczyk,<br />

Andre Marques Tome, Vidal Torres, Izabella Tóth, Mark Tuijten, Erdal Tuku, Serhat Turan, Mariola Turemka, Meho Usubjan, Rustem Usubjan, Marc van Aalst, Rob van Aken, Koen van Alst,<br />

Gert van Asperen, Willem van Baalen, Jory van de Bor, Cheriva van de Pol, Luke van den Aarssen, Ingo van den Bogert, Susan van den Bree-Roest, Ronne van den Hondel,<br />

Roel van den Hoogen, Jill van den Oosterkamp, Joan van den Toorn, Tom van der Leeden, Eric van der Pol, Marjolein van der Putten, Sebastiaan van der Putten, Reina van der Til,<br />

Gerben van der Veen, Sebastiaan van der Vliet, Robin van der Woude, Wilfried van Dulmen, Bianca van Dun, Bram van Elven, Marc van Ewijk, Stefan van Gemmern, Roy van Gendt,<br />

Roger van Ginhoven, Ceryl van Hasselt, Ferdinand van Hilst, Yngwie van Hummel, Patrick van Lavieren, Alex van Moerkerk, Jelle van Rinsum, Helena van Rooijen, Melanie van Saase,<br />

Patrick van Weij, Jos van Wessel, Leticia Varga, Ákos Varjú, Roel Veenstra, Marieta Veleva, Evaldas Venckus, Matthew Verberk, Daniela Veuger-Ardelean, Remco Visée, Jan Visser,<br />

Jac Vlaminckx, Raoul Vreeke, Angela Vrendenbarg, Annemieke Vriezen, Huba Wachtendonk, Tim Wagemans, Maik Wagensveld, Sascha Wagner, Kamil Wajgert, Melanie Wakkermans,<br />

Erik Wallinga, Olga Patrycja Warzycha, Katarzyna Waszczuk, Anouk Weijkamp, Rick Weikamp, Bart Gertjan Welling, Jos Wennekes, Perry Wennink, Fiona Westerveld, Diane Westland,<br />

Piotr Wieczorek, Kim Wienholts, Oriana Wilczak, Wesley Willems, Dennis Winters, Bas Witjes, Tim Wittenhorst, Konrad Wodzak, Bart Wolkenfelt, Raymond Wolters, Herman Wuijster,<br />

Elif Yılmaz-Celebi, Onir Yousef, Natalia Zadka, Zilvinas Zagorskis, Silvia Zahoreczova, Bartlomiej Zaremba, Magdalena Zaremba, Justyna Zaucha, Kamila Zborowska, Karina Zborowska,<br />

Alessia Zicolella, Hidayet Zorluer, Michal Zurek, Karolina Zyglinska. MAINFREIGHT WAREHOUSING ZALTBOMMEL Anthony Abdoella, Abdi Abdullahi Alasow,<br />

Gonzalo Ahumada, Marcelo Ahumada, Rolf Akkermans, Abdu Mohammed Ali, Elina Andersone, Edgars Anisimovs, Kahsay Atoshim Ruusom, Boglárka Baloghné Kiss, Libby Baring,<br />

Bruno Bazina, Michael Beekwilder, Lucas Berm, Tesfaldet Beyene Weldetatious, Sahr Boakai, Pascal Boer, Denise Boerboom, Eric Boerboom, Hidde Böttcher, Ewelina Brodzinska-Dabrowska,<br />

Marten Brunner, Joey Bruylants, Emils Buneris, Huriye Can-Koc, Edwin Tatenda Chawirah, Alex Chirila, Michaad Chouay, Marta Chrobak, Marija Cistjakova, Richard Clappers,<br />

Zuhour Dalloul, Jaap-Jan de Bie, Job de Graaf, Esmee de Vink, Daniela Deac, Rob Dekker, Lisette den Braber, Marielle den Braber, Severin Dery, Ruba Dib, Sylvia Doornkamp,<br />

Kamil Dykban, Aleksandra Dzido, Hajji El Arbi, Abderrachid El Idrissi, Khaled Elkhalifa, Rikar Esmail, Pato Espinoza Vasque, Boleslaw Falecki, Jean-Gérard Fifis, John Frank,<br />

Ioannis Giannelos, Sonia Gil, Fabiola Gokke, Juris Gusars, Anouk Harbers, Robert Hendrickx, Ciska Hofman, Marlies Huismans, Mohamed Hussein, Maira Jansone, André Janssens,<br />

Jelena Jelavić, Toni Jelavić, Linda Jelisejeva, Stanislavs Jerjomenko, Radu-Stefan Jitarasu, Monika Kaczorowska, Stefānija Kalniņa-Sisojeva, Ingrid Keeris, Mutasem Khashan,<br />

George Klein, Berry Kluitmans, Radoslaw Kmiotek, Kim Kooyman, Megi Kosova, Dominika Kowalska, Mariska Kruissen, Patrycja Kurkowska, Ramon Lamers, Klaudia Łapka,<br />

Bozena Lebek, Indre Leliugaite, Szymon Liskiewicz, Yarno Looijen, Sylwia Lorenowicz, Elena-Florentina Lupu, Andre Marques Amante, Maciej Mazur, Henrik Meelen, Anja Megens,<br />

Mary Megens, Mouayad Mhallaieh, Michal Michalski, Cilesio Miguel Silvestre, Silvija Mikneviciute, Bart Mooij, Bartek Mroczkowski, Shelan Muhamad, George Nasra, Bernadett Nedermann,<br />

Piet Noordam, Kinga Nowakowska, Saskia Nulden, Rozalia Okaj, Dolores Olivar, Grzegorz Ondrzejek, Sylwia Ondrzejek, Jochem Oomen, Anne Oomen-van Arkel, Marshella Oosterbeek,<br />

Valeshja Oosterbeek, Sebastian Opoka, Melina Pano, Natalia Pawlowska-Elžbieta, Grzegorz Pomerening, Karolina Prokop, Patryk Prokop, Floris Proost, Mohamed Rahou,<br />

Chemaine Reijers, Marjan Rengeling-van Veen, Andrejs Ribins, Ester Ricardo, Marieke Riemersma, Sjanie Riemersma-van der Maas, Grzegorz Sadolewski, Michał Sadolewski,<br />

Servet Sahin, Palwasha Salam, Frank Schalk, Natasja Schippers, Tim Schneider, Bram Schoenmakers, Sheena Senato, Keiron Seymour, Kamal Shehade, Simona Siuskute,<br />

Mounia Smiseh, Maryon Snabel, René Spaan, Paul Spiering, Marcis Treimanis, Kenneth Tsie, Mark Tuerlings, Stephan Uenk, Sven van Almenkerk, Thomas van Baal,<br />

Gabriel Razvan Corciu, Teodor Dragos Cososchi, Daniel Adrian Costache, Gabriel Costache, Iulian Costache, Ioan Andrei Craciun, Mihai Liviu Culea, Andrei Daniel Curca, Ionut Cosmin Cursaru,<br />

Sabina Damian, Constantin Damian Dima, Alexandru Dinescu, Dragos Dumitru Dinu, Neculai Dogea, Gheorghe Dragu, Andrei Emilian Duciop, Nicoleta Duta, Mihai Robert Florea, Lidia Elena Floroiu,<br />

Mihai Eugen Fronea, Neculai Fronea, Cristian Georgescu, Constantin Gheorghe, Georgiana Gheorghe, Andreea Glod, Mihai Sorin Goaga, Gabriel Goia, Sergiu Gabriel Grecu, Alexandru Costin Grigore,<br />

Ioana Carla Grigorescu, Alexandru Grosu, Dragos Hornaru, Ionut Alexandru Iacob, Marian Ianculescu, Daniela Ionita, Lucian Ionita, Catalin Laurentiu Iordache, Marius Iordache, Iulian Leca,<br />

Stefan Vladimir Lupu, Dan Maftei, Constantin Manu, Daniel Gheorghe Marasescu, Mihaita Constantin Matei, Ovidiu Ciprian Mazilu, Marian Bogdan Mihalcea, Catalin Marian Minculescu, Adrian Marcel Minea,<br />

Irina Lavinia Mocanu, George Eduard Mosneanu, Dragos Bogdan Nae, Gheorghe Valentin Neagu, Ionut Laurentiu Neagu, Petre Neagu, Ion Negre, Ecaterina Maria Negulescu, Gabriela Alina Negut,<br />

Octavian Olaru, Elena Olteanu, Mihai Gabriel Olteanu, Anghel Marian Oprea, Theodor Cristian Paraschivoiu, Sorin Laurentiu Patrascu, Cosmin Mihai Paturan, Florin Catalin Paun, Gabriela Paun,<br />

Ion Marius Paun, Bogdanel Paunescu, Valerica Pirvu, Constantin Bogdan Pletosu, Nicolae Giani Popa, Valentin Andy Popescu, Constantin Racatej, Valentin Toni Radu, Ion Adrian Roncea,<br />

Iulian Alexandru Rotaru, Ion Iulian Scarlat, Oana Mariana Scordaliu, Marian Serban, Andreea Maria Simion, Andreea Rafaella Sloser, Georgiana Larisa Soare, Elena Bianca Spinu, Gabriel Stanciu,<br />

Marian Razvan Stanescu, Mihai Iulian Stanescu, Adrian Stanila, Justina Stanila, Anamaria Rodica Stoica, Aurel Stoica, Ionut Daniel Stoica, Nicolae Stoica, Lucian Cristian Sulu, Alexandru Ioan Tanase,<br />

Catalin Irinel Tarara, Georgiana Victoria Tatarus, Marian Teleanu, Mugurel Doru Tilimpea, Viorel Tintea, Florin Toader, Nicoleta Toader, Dragos George Toma, Constantin Tudor, Georgiana Mihaela Tudorache,<br />

Simona Mariana Unger, Anca Beatrice Vasile, Andrei Bogdan Vasile, Cristina Vasile, Madalina Voicu, Irina Voivozeanu, Georgiana Loredana Vulpe, Andra Mihaela Zahiu.<br />

MAINFREIGHT TIMISOARA Razvan Constantin Balasea, Silvius Vlad Bohariu, Liliana Dobrin, Alexandru Dragoi, George Catalin Galicza, Aluna Elena Stanculescu-Lupu.<br />

MAINFREIGHT WAREHOUSING PLOIESTI Virgil Cristian Alexandru, Florian Gabriel Alexe, Gheorghe Anton, Florin Petrisor Apostol, Ionel Lucian Arcip, Maria Avram, Adrian Bacanu,<br />

Florin Irinel Baciu, Catalin Balalia, Ion Baligoi, Timotei Cristian Barbu, Adrian Mihai Benchi, Marin Marius Bivolaru, Vasile Boitan, Razvan Costin Brumarescu, Viorel Bucur, Marian Ionut Budulacu, Ion Bunea,<br />

Constantin Catanescu, Mihail Chivu, Catalin George Constantin, Ion Costache, Andreea Curavale, Manuela Dinca, Minodora Dinu, Razvan George Dinu, Nicolae Ionut Dobre, Valeriu Dobre,<br />

Alexandru Doican, Ion Dorobantu, Ioan Dragan, Florian Cristian Duica, Sorin-Catalin Enache, Aurelian Ene, Cosmin Filip, Ionut Adrian Fratila, Ionut Mirel Gheorghe, Marian Adrian Gheorghe, Constantin Ghita,<br />

Adrian Grigoras, Florentina Diana Grigore, Adrian Mihai Hagiu, Emil Nicolae Ion, Nicolaie Ion, Florian Isdraila, Gheorghe Istrate, Constantin Mircea Ivan, Amoras Marian Lamba, Petre Ionut Lepadatu,<br />

Alexandru Macinic, Constantin Marian Manole, Adrian Marin, Stefan Maslina, Mihai Matei, Sorin Ion Matei, Tomis Florin Matei, Ion Gheorghe Mihalcescu, Georgeta Militaru, Marcel Moise,<br />

Viorel Motoc, Constantin Neagu, Stefania Alina Neagu, Dialisa Alexandra Neata, Vasile Nedea, Adrian Niculescu, Dragos Constantin Niculescu, Ionut Nistor, Dumitru Viorel Oniciuc,<br />

Georgel Ovreuta, Marius Constantin Pana, Ana Paraschiv, Cristian Constantin Pavel, George Mihai Pavel, Augustin Marius Peste-Ras, Nicolae Iulian Petcu, Elena Petre, Gigi Bogdan Petre,<br />

Mircea Marian Petre, Iulian Catalin Popa, Razvan Constantin Popa, Constantin Popa-Marin, Vasile Popescu, Stefan Predescu, Gheorghita Racareanu, Liviu Viorel Racasanu, Catalin Radu,<br />

Maria Alexandra Radu, Toni Raducea, George Marius Rotaru, Ionut Sandu, Nicusor Daniel Scarlat, Bogdan Gabriel Serban, Gabriela Serban, Cosmin Andrei Serbaneci,<br />

George Soare, Nicolae Iulian Soare, Vasile Stanciu, Albert-Gabriel Stoian, Dumitru Adrian Stoian, Adrian Stoica, Elena Doina Stoica, Puiu Stoica, Nicolae Stroe, Elena Andreea Tarara, Catalin Timceag,<br />

Mihai Eduard Tone, Alexandru Tudor, Aurel Tudor, Constantin Cornel Ungureanu, Silviu Cristian Untaru, Daiana Loredana Voicu, Nicolae Eduard Voinoiu, Dumitru Zemoiu,Dragos Bogdan Zidaru.<br />

SPAIN MAINFREIGHT AIR & OCEAN BARCELONA Veronica Gutierrez, Leonardo Gonzalez, Sara Benedi, Cristian Andreu, Nathaly Lazo, Gonzalo Chiarino, Jorge Ulric,<br />

Claudi Calvera. UKRAINE MAINFREIGHT KIEV Dmytro Shtuchniy, Irina Petrenko, Mariya Kubar, Maxim Moshkovsky, Oksana Dzyubenko, Oleg Garbar, Serhii Arzhekovskii, Valeria Karnabatska,<br />

Maxim Savritsky, Artur Kovalov,Yuriy Kuznetsov. UNITED KINGDOM MAINFREIGHT AIR & OCEAN LONDON Alfie Allen, Paul Arnold, Arvinder Bahia, Tomasz Cichoki, Colin Crowhurst,<br />

Marc Davies, Oliver Davies, Annelien Deceuninck, Thomas Ellis, Collette Evans, Seth Freeman, Matt Kibbler, John Lane, Konstantina Liveri, Jihan Giada Mazouzi, Mahf Rahman, Zain Rawn, Samuel Roger,<br />

Jake Saunders, Richard Stojcevski, Wannes Van Overstraeten, Emma West. MAINFREIGHT AIR & OCEAN MANCHESTER Mark Browne, Jack Clarke, Graham Cordingley, Michael Fielding,<br />

Steve Gyekye, Alan Kenny, Ian Lodge, Louise Walker, Nicola White. MAINFREIGHT WAREHOUSING MIDLANDS Mahmoud Abdollah, Basem Ahmed, Steve Allan, Joshua-James Casey,<br />

Kurt Dabbs, Alex Hariss, Lukasz Kowalski, Natasha Linton, Angus Morrissy, Geoffrey Norman, Daria Nowak, Carl Panter, Alun Patrick, Steven Patrick, Andrew Proctor, Craig Steward, Zak Swift.<br />

Thank you to our global team of 10,393.


JAMES RIEGO, SPRINGBANK, AUSTRALIA<br />

49


50 51<br />

PEOPLE AND COMMUNITIES Our People<br />

It is our people's pride, resolve<br />

and commitment that delight<br />

our customers.<br />

Our People: are the reason why our customers align<br />

with our business across the globe. It is our people who<br />

have found solutions and ways to get freight moving in<br />

the face of unrelenting pressures and challenges. It is<br />

our people who have always gone the extra mile, who<br />

have made the follow-up phone call or who have taken<br />

ownership themselves to get the job done. It is their<br />

pride, their resolve and their commitment, which delight<br />

our customers.<br />

Our Teams: are at their best when given the<br />

freedom and autonomy to fulfil their role. Teams who<br />

thrive in the responsibility vested in them to make<br />

decisions and support the many supply chains with<br />

which we interact. Our teams are accustomed to working<br />

under pressure and to operating with high expectations.<br />

There are many ingredients to our continued success but<br />

at the core of our culture and teams is trust. A culture<br />

built around local people building relationships with local<br />

networks and making local decisions to deliver global<br />

solutions.<br />

Our Culture: is the way we do things around here.<br />

The challenges of the past year have resulted in new<br />

roles, new services, new branches and new opportunities<br />

for our people to grow themselves. Promotion from<br />

within based on an individual’s desire and capacity<br />

to grow is a central tenet to who we are and why we<br />

do things the way we do. Our key disciplines are nonnegotiable:<br />

taking responsibility at branch level for<br />

profit and loss, and reporting this weekly, and of course,<br />

sharing the profits with those who have earned them.<br />

Our Future: we are a better business for the<br />

experiences and lessons learnt across the pandemic.<br />

We are a better business for learning how to apply and<br />

deploy our culture which has been forged over 44 years.<br />

The fundamentals of who we are and the way we do<br />

things will remain a key focus. We have become who we<br />

are by recognising and preserving our unique approach<br />

to conducting business and developing our people.<br />

More<br />

RESOLVE<br />

to harness this momentum and seize the opportunities in front of us<br />

– always with regard for our people, customers and 100-year vision.<br />

CLINTON KEWENE, AUCKLAND, NEW ZEALAND


52<br />

PEOPLE AND COMMUNITIES Environmental, Social and Governance<br />

53<br />

Approach to Sustainability<br />

Our Impact<br />

<strong>Mainfreight</strong>’s 100-year vision, established in its earliest<br />

days, has been a guiding principle in our commitment<br />

to sustainability. All decisions are made on the<br />

basis that we will be here for another 100 years, and<br />

are aligned with the key concepts of sustainability:<br />

investing in our people and communities, reducing the<br />

environmental impact of our activities, supporting our<br />

customer, supplier and stakeholder relationships, and<br />

developing our growth strategies.<br />

OUR OUTCOMES<br />

RELIABLE supply chain delivery<br />

outcomes for our customers<br />

PROSPERITY for our team and their<br />

families, and our communities<br />

RETURNS for our shareholders<br />

FINANCIAL STRENGTH<br />

to invest in further growth and<br />

development<br />

Our sustainability focus has the<br />

greatest impact on the following<br />

United Nations Sustainability<br />

Development Goals:<br />

HOW WE CREATE VALUE<br />

OUR RESOURCES<br />

FINANCIAL > Strong Financial Position<br />

PHYSICAL ASSETS<br />

NATURAL > Fuel, Water & Solar<br />

SOCIAL STANDING > Community, Brand & Reputation<br />

INTELLECTUAL > Technology & Systems<br />

PEOPLE > Our Team & Culture<br />

OUR OUTPUTS<br />

7,286,572 TONNES of land freight<br />

138,279 TONNES of air freight<br />

424,610 TEU of sea freight<br />

Our team culture means sustainability is not a top-down<br />

directive or bureaucratic process, but is driven from the<br />

ground up, by teams that are empowered to make their<br />

own decisions. It is they who take responsibility to make<br />

their branch, their business, and their world, just that<br />

little bit better today than it was yesterday.<br />

OUR MEANS<br />

10,393 Team Members<br />

NETWORK spanning<br />

25 Countries<br />

305 Branches<br />

Air & Ocean, Warehousing and<br />

Transportation OPERATIONS<br />

Bespoke TECHNOLOGY Platforms<br />

In this Sustainability section and elsewhere in this <strong>Annual</strong><br />

<strong>Report</strong>, we have reported on economic, environmental,<br />

social and governance topics that <strong>Mainfreight</strong>’s<br />

management believes are material to its business and<br />

the communities it operates in. The topic selection is also<br />

guided by feedback from team members, customers,<br />

shareholders, and other stakeholders during the year.<br />

Our Economy, Our Contribution<br />

As a provider of integrated supply chain services,<br />

<strong>Mainfreight</strong>’s global network offers efficient, reliable and<br />

sustainable value for our customers.<br />

By enabling the flow of goods, domestically and<br />

internationally, we connect suppliers to markets and<br />

global consumers to products, which is the basis for the<br />

Company’s ongoing growth and success, and the source<br />

of value for its investors and other stakeholders.<br />

Our Community, Our Dedication<br />

Investment in our business and our people also has a<br />

material impact on environments and communities.<br />

<strong>Mainfreight</strong>’s success in serving our customers is<br />

reflected in the ongoing growth in our business across<br />

the world. We continue to expand and intensify our<br />

network through the development of new depots and<br />

warehouses. This creates opportunities to work with local<br />

communities in the development of our facilities, and<br />

ongoing engagement with <strong>Mainfreight</strong>’s global team.<br />

The investment in our people has the greatest impact on<br />

our communities. <strong>Mainfreight</strong> has long recognised the<br />

benefits of education, training and career development<br />

for its people. Long service to the company is celebrated<br />

and internal promotion is encouraged. The company<br />

believes in sharing its economic value through higher<br />

salaries, educational scholarships and its discretionary<br />

team profit bonus scheme.<br />

Our community focus is also outward facing and we<br />

enjoy supporting a number of educational causes for<br />

those less privileged, across the regions where we<br />

operate as detailed on page 56 of this report.<br />

Our People<br />

Despite the contribution from our assets, infrastructure,<br />

systems and technology it is our people that set us apart<br />

from our competitors. People, who want to make a<br />

difference, are hungry for success and want to be part of<br />

a team that constantly challenges itself to do better.<br />

Our people come first. We challenge the status quo<br />

and we look after each other. We share our success –<br />

through our profits – with both our shareholders and our<br />

team. We have a transparent, team-driven approach to<br />

reaching our targets and then lifting them.<br />

<strong>Mainfreight</strong> has a ‘promote from within’ philosophy,<br />

which means we are committed to developing the<br />

individual strengths of our people.<br />

Training and education are critical to our success.<br />

Parallel to the on-the-job learnings are global leadership<br />

development programmes and succession plans<br />

for leadership roles at all levels, in all regions, of our<br />

business. Succession planning, ongoing development<br />

and promotion from within means our people are quite<br />

literally our future.<br />

<strong>Mainfreight</strong> is committed to diversity and equality in all<br />

areas of its operations, and the Group’s Diversity Policy<br />

is available on our website. The supply chain industry<br />

has historically been male dominated, but we continue<br />

to see promising developments both in the makeup of<br />

our workforce and in the number of females in Branch<br />

Manager roles, now at 54 (53 at the same time last year).<br />

However we recognise we need to do better in this regard.<br />

Our Future<br />

Regardless of the challenges we meet today and those<br />

that emerge in the near and more distant future, our<br />

commitment to sustainability is inherent in our 100-year<br />

vision. We will continue to explore and invest across all<br />

aspects of sustainability that impact our organisation, our<br />

people, our community and our environment.<br />

Our Environment, Our Commitment<br />

We harbour no illusion of the impact global supply<br />

chains have on climate change particularly greenhouse<br />

gas emissions and global warming.<br />

Yet sustainability is nothing new for <strong>Mainfreight</strong>, many<br />

of our largest emissions sources represent significant<br />

operating costs and we manage them intently, every day,<br />

in every branch.<br />

<strong>Mainfreight</strong> is trusted to move goods in far more<br />

sustainable ways than would otherwise be accessible<br />

to our customers – utilising our modern fleet, our<br />

investment in infrastructure around sea and rail, our<br />

ability to consolidate freight and minimise empty<br />

running, and our technology and delivery reliability (to<br />

minimise stock accumulation and obsolescence).<br />

Climate Change<br />

In this annual report, we welcome the opportunity<br />

to present our global emissions inventories. Data is<br />

provided for the 2021 and 2020 calendar years.


54 55<br />

PEOPLE AND COMMUNITIES Environmental, Social and Governance<br />

For the 2021 year, we have seen reductions across all five<br />

of our tracked emissions intensity measures. With the<br />

significant business and volume growth across our global<br />

business over this period, we have recorded a gross<br />

increase in carbon dioxide equivalents of 211,053 tonnes<br />

representing a 14.37% increase in gross greenhouse gas<br />

emissions.<br />

This increase is reflective of the ongoing reverberations<br />

across global supply chain. In particular, a shift in<br />

customer preference to airfreight due to congestion,<br />

price increases and poor reliability in ocean-based<br />

alternatives, and the return of belly freight capacity in<br />

passenger aviation.<br />

Emissions for customer airfreight alone rose 237,098<br />

tonnes in 2021, almost 30,000 tonnes more than the<br />

increase in our global inventory year on year.<br />

This represents a mixed result; an increase is<br />

disappointing, however excluding the impacts of<br />

airfreight, <strong>Mainfreight</strong> would have seen a second year<br />

of reductions in gross emissions. This comes despite<br />

significant business growth and market share gains over<br />

these last two years.<br />

Unfortunately we do not foresee a normalisation of<br />

global supply chain in <strong>2022</strong>, although the dynamics may<br />

shift somewhat. We continue to target reductions in<br />

emissions intensity year-on-year while aiming to reduce<br />

gross emissions wherever possible.<br />

We do expect and strive to continuously reduce the<br />

emissions intensity of our operations globally.<br />

With this disclosure to ISO 14064-1:2018, <strong>Mainfreight</strong><br />

intends to demonstrate best practice in emissions<br />

reporting and reinforce its commitment to better<br />

understanding and, ultimately, improving our operational<br />

carbon emissions performance. Our inventories are<br />

independently verified by Toitū Envirocare and follow the<br />

six categories structure of the new standard rather than<br />

the closely aligned Scopes 1-3.<br />

A significant feature of this carbon disclosure is the<br />

inclusion of emissions on the basis of operational control<br />

(not financial control). It is our belief that if we can<br />

exercise reasonable influence over an emissions source<br />

then we must include it. As a result, we incorporate<br />

emissions from vehicles operated by owner drivers and<br />

agents, rail providers, shipping lines and airlines that<br />

support our service offering to customers. For full details<br />

and wider explanation of our emissions inventories,<br />

please refer to our Greenhouse Gas Inventory <strong>Report</strong>s:<br />

available at https://www.mainfreight.com/global/en-nz/<br />

investor/reports-library<br />

Other Environmental Initiatives<br />

We began recycling office and depot waste in<br />

New Zealand 34 years ago, and we continue to invest and<br />

explore new opportunities and innovations that support<br />

more sustainable business across our global business.<br />

Some of our existing initiatives include:<br />

> Major solar installations on sites across New Zealand,<br />

Australia and Europe total some 2,855 kW generation<br />

from a total of 9,830 panels (enough to power over<br />

700 households).<br />

> Rain and greywater recycling for truck wash, ablutions<br />

and irrigation as a standard feature in our branch<br />

designs.<br />

> Moving capacity from road to rail and coastal shipping.<br />

> GPS and route planning software to bring efficiencies to<br />

freight deliveries and pick ups.<br />

> Continuing programme of modernising owner driver<br />

fleets, so that more environmentally efficient vehicles<br />

replace older and less efficient vehicles.<br />

> Utilising EV and hybrid vehicles for our sales team;<br />

currently over 315 vehicles in Australasia and Europe (last<br />

year 243 vehicles). New Zealand and Australia now both<br />

above 40% hybrid and electric.<br />

> Conversion of gas and diesel powered forklifts to electric<br />

and supplementing with manual pallet trucks.<br />

> Branch vegetable gardens and ‘hungry bins’ for food<br />

scrap composting.<br />

> Waste exchange arrangement for shrink-wrap, pallet<br />

waste repurposing, and polystyrene recycling.<br />

> Progressing trials and explorations of electric truck<br />

opportunities.<br />

> We continue to develop our GHG emissions reporting<br />

tools for customers. Along with <strong>Mainfreight</strong>’s own peerreviewed<br />

emission factors, customers can get an accurate<br />

inventory of their supply chain emissions from local<br />

deliveries through to international shipments.<br />

INTENSITY FACTORS<br />

CO2-e per <strong>Mainfreight</strong> Team Member # 161.97<br />

tonnes<br />

CO2-e per million dollars in Revenue # 329.43<br />

tonnes<br />

2021 2020<br />

164.69<br />

tonnes<br />

436.89<br />

tonnes<br />

CO2-e per tonne Domestic Freight* 49.65 kg 58.46 kg<br />

CO2-e per tonne of Air Freight* 1.20 tonnes 1.21 tonnes<br />

CO2-e per TEU of Seafreight* 0.09 tonnes 0.12 tonnes<br />

#<br />

Total CO2-e<br />

* Category 1 & 3 CO2-e<br />

Airfreight and Seafreight intensity measures have been updated to use<br />

T-KM/TEU-KM rather than weight alone<br />

MAINFREIGHT EMISSIONS (TONNES CO2-E)<br />

CATEGORY CATEGORY DESCRIPTION 2021 2020<br />

Category 1 Direct GHG emissions and<br />

removals in tonnes CO2-e<br />

278,964 263,759<br />

(Road freight: Owner Driver<br />

vehicles & owned/leased<br />

vehicles)*<br />

Category 2 Indirect GHG emissions from<br />

imported energy<br />

14,865 15,414<br />

(Electricity, LPG, etc)<br />

Category 3 Indirect GHG Emissions from<br />

Transportation<br />

1,309,744 1,115,134<br />

(Third party road, rail, air, sea<br />

transport)*<br />

Indirect GHG emissions<br />

Category 4 associated with the use of<br />

76,389 74,678<br />

products by the organisation<br />

Category 5<br />

Indirect GHG emissions<br />

associated with the use<br />

of products from the<br />

- -<br />

organisation<br />

Category 6<br />

Other indirect GHG<br />

emissions sources<br />

137 61<br />

TOTAL 1,680,099 1,469,046<br />

2021 2020 CHANGE<br />

Road 464,327 460,063 0.93%<br />

Rail 9,603 7,038 36.45%<br />

Air 943,337 706,239 33.57%<br />

Sea 226,769 261,739 -13.36%<br />

TOTAL CUSTOMER<br />

FREIGHT EMISSIONS<br />

(Total of Road,<br />

Rail, Air, Sea)<br />

Direct <strong>Mainfreight</strong><br />

Emissions<br />

EMISSIONS SOURCES<br />

1,644,036 1,435,079 14.56%<br />

36,063 33,967 6.17%<br />

TOTAL EMISSIONS 1,680,099 1,469,046 14.37%<br />

* 2020 figures have been updated and republished to account for a change in road freight calculations that affected categories 1 and 3.<br />

For more details please see section 4.2.1 of our 2021 GHG <strong>Report</strong>.<br />

KIKI COGH, BORN, THE NETHERLANDS


56 57<br />

PEOPLE AND COMMUNITIES <strong>Mainfreight</strong> in the Community<br />

Our team of people all over the<br />

world support local community<br />

and charitable projects.<br />

<strong>Mainfreight</strong> has been part of the “Duffy Books in Homes”<br />

programme since its inception in 1994 and currently we<br />

support over 100 schools in New Zealand, Australia and<br />

the USA. This means over 25,000 children every year are<br />

getting new books to read with our support.<br />

The philosophy behind the programme is simple – to<br />

break the cycle of ‘booklessness’. Kids who can’t read<br />

become adults who can’t communicate and that’s a<br />

serious disadvantage in a world that operates on the<br />

written word.<br />

In America, Books In Homes USA improves the<br />

trajectories of under-resourced children in over 150<br />

partnerships and initiatives improving the lives of<br />

children in need. Thanks to <strong>Mainfreight</strong> USA and<br />

CaroTrans, two of the program’s lead sponsors, Books In<br />

Homes USA has given away nearly 859,212 books to more<br />

than 336,507 recipients since 2008.<br />

In Australia, Books in Homes supports around 10,000<br />

children each term, across 140 schools, pre-schools and<br />

other organisations throughout Australia. <strong>Mainfreight</strong><br />

has sponsored Books in Homes Australia since its<br />

foundation in 2001, and is proud of the organisation’s<br />

distribution of over 2.8 million books in that time.<br />

In New Zealand this year, Duffy Books in Homes will<br />

hit their 14 million books milestone. We are delighted<br />

with the new Government initiative, which will grow our<br />

families’ home libraries with an additional book for every<br />

Duffy Kid during the upcoming Term 2 Government<br />

Book Week (4-8 July <strong>2022</strong>). There are now 515 Primary<br />

and Intermediate schools, as well as 202 Early Childhood<br />

Centres (including Te Reo and Pasifika language nests),<br />

on the Duffy Books in Homes programme. Thanks to<br />

<strong>Mainfreight</strong>’s support, 45,000 books were gifted to over<br />

22,000 children in New Zealand last year.<br />

<strong>Mainfreight</strong>’s support of Life Education began in 2007.<br />

For 35 years, Life Education has been supporting young<br />

people throughout New Zealand, providing them with<br />

the knowledge and skills to live a fulfilling and healthy life<br />

through their positive health-based education.<br />

Over 86% of New Zealand’s primary and intermediate<br />

schools use Life Education to support children in<br />

their community. Each year their team of registered,<br />

specialist teachers teach more than 200,000 children<br />

in their mobile classrooms, supporting children’s<br />

health education through topics such as building<br />

resilience, cyber safety, nutrition, and reducing bullying.<br />

<strong>Mainfreight</strong>’s long-term commitment has enabled Life<br />

Education to continue to grow and expand their mahi<br />

to rangatahi in secondary schools, where they support<br />

youth alcohol and substance education, financial literacy<br />

and most recently the risks of vaping and understanding<br />

the roles social media influencers play.<br />

Life Education also provides teacher professional<br />

development ‘coaching the coaches’, to make<br />

sustainable change in their goal to ‘inspire tamariki and<br />

rangatahi to make positive choices’.<br />

We remain concerned around the standards of<br />

education in New Zealand, particularly for those less<br />

privileged. Our commitment to these exceptional<br />

organisations is an effort to make a difference to our<br />

nation’s educational standards, and we would encourage<br />

more businesses to do the same. The need remains<br />

acute, with many of our children impacted by the effects<br />

of the pandemic.<br />

Now more than ever, our children need access to the<br />

best education possible. It is what will take them and our<br />

world forward.<br />

You can learn more about how you can help<br />

by visiting their websites:<br />

www.booksinhomes.org.nz<br />

www.booksinhomesaustralia.com.au<br />

www.booksinhomesusa.org<br />

www.lifeeducation.org.nz<br />

Our team of people all over the world also support<br />

community and charitable projects at a local level, with<br />

a wide variety of initiatives from fund-raising events,<br />

to hosting groups at our facilities, and voluntary time<br />

commitments. It’s part of who we are.<br />

LINDA VAGANA, GENERAL MANAGER OF DUFFY BOOKS IN HOMES NZ, SHARING A NEW BOOK WITH A LUCKY READER


58 59<br />

GOVERNANCE AND LEADERSHIP Corporate Governance Statement<br />

This statement is a summary of the Corporate<br />

Governance arrangements approved and observed<br />

by <strong>Mainfreight</strong>’s Board of Directors (“the Board”) as at<br />

25 May <strong>2022</strong>. The code of ethics, policies, charters and<br />

other associated documents are available on the Investor<br />

pages of the Company’s website:<br />

https://www.mainfreight.com/<br />

global/en/global-home/investor-centre/<br />

governance.aspx<br />

<strong>Mainfreight</strong>’s corporate governance practices do not<br />

materially differ from the NZX Corporate Governance<br />

Best Practice Code, except that <strong>Mainfreight</strong> has not<br />

established a Nominations Committee, preferring to<br />

accomplish this task with the assistance of the full Board.<br />

Also, Recommendation 2.9 of the NZX Corporate<br />

Governance Best Practice Code (“the Code”) states, “An<br />

issuer should have an independent chair of the board.<br />

If the chair is not independent, the chair and the CEO<br />

should be different people”. We consider the wording<br />

of this Recommendation to be ambiguous and, for<br />

clarity, we note:<br />

> <strong>Mainfreight</strong>’s founder, Bruce Plested, has chaired the<br />

Company since 2002, and is not considered to be an<br />

independent director;<br />

> The Chair and the CEO are different people, with<br />

the CEO role held by Group Managing Director,<br />

Don Braid.<br />

The Role of The Board of Directors<br />

The Board is committed to the highest standards of<br />

ethical behaviour in its own undertakings and those<br />

of the Group’s team members. The Board follows the<br />

corporate governance rules established by NZX, and<br />

Directors exercise their duties in the best interests of the<br />

Group. A formal charter has been adopted by the Board<br />

and further sets out the responsibilities of Directors.<br />

The Board is responsible for the proper direction and<br />

control of the Group’s activities. This responsibility<br />

includes such areas of stewardship as the identification<br />

and control of the Group’s business risks (including<br />

oversight of health and safety, sustainability, and cybersecurity<br />

considerations), the integrity of management<br />

information systems and reporting to shareholders.<br />

While the Board acknowledges that it is responsible<br />

for the overall control framework of the Group, it<br />

recognises that no cost effective internal control system<br />

will preclude all errors and irregularities. Our system is<br />

based upon written procedures, policies and guidelines,<br />

organisational structures that provide an appropriate<br />

division of responsibility, and the careful selection and<br />

training of all qualified personnel.<br />

The Board includes in its decision-making; dividend<br />

payments, the raising of new capital, major borrowings,<br />

the approval of annual accounts and the provision of<br />

information to shareholders, major capital expenditure<br />

and acquisitions. The Board delegates the conduct of the<br />

day-to-day affairs of the company to the Group Managing<br />

Director and Executive Management.<br />

Financial statements are prepared monthly in<br />

conjunction with the weekly profit and loss statements<br />

generated at branch level. These are reviewed by<br />

the Board progressively through the year to monitor<br />

management’s performance and assess the integrity of<br />

management information.<br />

Board Composition<br />

The Board comprises six Directors: our Chairman, Group<br />

Managing Director and four Directors, all of whom are<br />

independent.<br />

We also note that commentary included in the Code<br />

identifies tenure as a factor that may impact a director’s<br />

independence. <strong>Mainfreight</strong> values the contribution<br />

of its long-serving Directors, who have a depth of<br />

understanding and insight gained through extensive<br />

travel to the Company’s global facilities and ongoing<br />

review of each business unit’s progress in meeting the<br />

Group’s strategic goals. These relationships are actively<br />

reviewed to ensure that our Directors’ independent<br />

judgement is not compromised.<br />

BURT SO, HONG KONG


60 61<br />

GOVERNANCE AND LEADERSHIP Corporate Governance Statement<br />

Directors’ Meetings<br />

The Directors normally hold five full Board Meetings<br />

per year; three of these are held over two- to three-day<br />

periods in operational regions of interest and concern,<br />

with opportunities to meet with customers and/or our<br />

team in those locations; with the other two meetings<br />

being shorter, and held primarily to review performance<br />

and strategy. Additional meetings are held for the<br />

purposes of considering interim and final dividends, and<br />

approving financial results for release to the market, and<br />

as otherwise required. From time to time, key executives<br />

are invited to attend full Board Meetings and are<br />

encouraged to fully participate in all debate.<br />

The Board met on seven occasions in the financial year<br />

ended 31 March <strong>2022</strong>. Restrictions on travel as a result<br />

of the pandemic meant all but one meeting were held<br />

in New Zealand. Executives in our overseas locations<br />

attended Board meetings by video-conference.<br />

The following table summarises Director attendance at<br />

Board and Committee meetings:<br />

Director Board Audit<br />

Committee<br />

Remuneration<br />

Committee<br />

Bruce Plested 7/7 – 2/2<br />

Don Braid* 7/7 2/2 –<br />

Simon Cotter 7/7 2/2 2/2<br />

Bryan Mogridge 7/7 2/2 –<br />

Richard Prebble 7/7 2/2 2/2<br />

Kate Parsons 7/7 – –<br />

* Don Braid attends the Audit Committee by invitation<br />

Share Trading<br />

The Board has set out a procedure which must be<br />

followed by Directors and key Executive Management<br />

when trading in <strong>Mainfreight</strong> Limited shares. This<br />

procedure assists those persons to ensure they comply<br />

with the insider trading provisions in the Financial<br />

Markets Conduct Act 2013.<br />

Group Management Structure<br />

The Group’s organisational structure is focused on<br />

its core competencies; domestic transportation,<br />

international air and ocean freight forwarding,<br />

warehousing and supply chain management.<br />

These operations are located in New Zealand, Australia,<br />

the Americas, Europe and Asia. A country/region<br />

management structure exists to reflect the size and<br />

diversity of our global operations.<br />

Our management structure is deliberately kept as<br />

flat and minimal as we can achieve. This provides an<br />

ideal platform for succession planning, and allows for<br />

decision-making from those closest to our customers.<br />

We manage with a philosophy that encourages all to<br />

contribute.<br />

Diversity<br />

The Board recognises the current requirement placed by<br />

NZX Listing Rules on Issuers to report on diversity, and<br />

has included a gender breakdown across its full team in<br />

its <strong>Annual</strong> <strong>Report</strong>s for many years. <strong>Mainfreight</strong> is firmly<br />

committed to diversity and equality in all areas of its<br />

operations, and the Group’s Diversity Policy is available on<br />

our website.<br />

At the level of Directors and Officers, gender composition<br />

is set out below:<br />

THIS YEAR<br />

LAST YEAR<br />

Male Female Male Female<br />

Directors 5 1 5 1<br />

Officers 10 0 10 0<br />

Team<br />

Gender<br />

Ratios<br />

THIS YEAR<br />

LAST YEAR<br />

Male Female Male Female<br />

New Zealand 78% 22% 78% 22%<br />

Australia 73% 27% 72% 28%<br />

Europe 75% 25% 73% 27%<br />

Americas 66% 34% 68% 32%<br />

Asia 34% 66% 42% 58%<br />

Total Group 72% 28% 73% 27%<br />

If we remove Owner Drivers and EU Drivers from the<br />

calculation, gender ratios are 65% Male and 35% Female (last<br />

year 66% Male and 34% Female).<br />

We are pleased that the number of female managers<br />

(in roles with profit & loss responsibility) is currently 54<br />

(53 in 2021 and 2020, 46 in 2019). The number of key<br />

management roles held by females still falls well below<br />

our expectations and we look for improvement.<br />

Anti-Corruption and Competitive<br />

Practice Guideline<br />

With the advent of the global economy, most countries<br />

have put in place anti-corruption and competition laws,<br />

which we at <strong>Mainfreight</strong> welcome and endorse.<br />

<strong>Mainfreight</strong>, as a global company, has adopted guidelines<br />

and policy to enforce anti-corruption and<br />

anti-competitive behaviour.<br />

The integrity of our brand and the way we are perceived<br />

in the market is of paramount importance to us.<br />

<strong>Mainfreight</strong> demands from its team members at all<br />

times honesty, integrity and a scrupulously “clean”<br />

approach to the way we conduct our business.<br />

The Role of Shareholders<br />

The Board aims to ensure that shareholders are informed<br />

of all major developments affecting the Group’s state<br />

of affairs. Information is communicated to shareholders<br />

in the <strong>Annual</strong> <strong>Report</strong>, and twice-yearly Newsletters<br />

in addition to information released via the NZX and<br />

available on our website. The Board has adopted a<br />

continuous disclosure policy to assist <strong>Mainfreight</strong> to<br />

comply with its continuous disclosure obligations<br />

under the NZX Listing Rules. The Board encourages full<br />

participation of shareholders at the <strong>Annual</strong> Meeting to<br />

ensure a high level of accountability and identification<br />

with the Group’s strategies and goals.<br />

The Board has constituted the following standing<br />

Committees that focus on specified areas of the Board’s<br />

responsibility. Each Committee operates under its own<br />

charter outlining composition and responsibilities.<br />

Audit Committee<br />

The Committee is responsible for the framework<br />

of internal control mechanisms that ensure proper<br />

management of the Group’s affairs. The Committee is<br />

accountable to the Board for the recommendations of<br />

the external auditors, EY, directing and monitoring the<br />

audit function and reviewing the adequacy and quality<br />

of the annual audit process. The Committee provides the<br />

Board with additional assurance regarding the accuracy<br />

of financial information for inclusion in the Group’s<br />

<strong>Annual</strong> <strong>Report</strong>, including the Financial Statements.<br />

The Committee is also responsible for ensuring that the<br />

Group has an effective internal control framework.<br />

A member of the Group’s finance team oversees regular<br />

internal control assessments, and reports to the Group<br />

Chief Financial Officer and the Audit Committee as<br />

appropriate.<br />

These controls include the safeguarding of assets,<br />

maintaining proper accounting records, complying with<br />

legislation, including resource management and health<br />

and safety issues, ensuring the reliability of financial<br />

information, and assessing and over viewing business risk.<br />

The Committee also deals with Governmental and NZX<br />

compliance requirements.<br />

AUDIT COMMITTEE:<br />

Simon Cotter, Chairman<br />

Bryan Mogridge, Director<br />

Richard Prebble, Director<br />

Remuneration Committee<br />

The Committee is responsible for reviewing the<br />

remuneration and benefits of the Group Managing<br />

Director and senior executives, for reviewing the<br />

remuneration of Board members, and makes its<br />

recommendations to the Board. The Committee also<br />

monitors and reports on general trends and proposals<br />

concerning employment conditions and remuneration.<br />

General remuneration for all team members is reviewed<br />

on an annual basis and takes into account CPI and<br />

responsibility changes for each individual. This does not<br />

include senior executives. Senior executive remuneration<br />

is reviewed every two years and was last reviewed in<br />

October 2020.<br />

The discretionary bonus system used in <strong>Mainfreight</strong> was<br />

applied during the financial period with Board approval.<br />

The bonus calculation is applied across all business units<br />

which meet the criteria, and only to those people who<br />

have completed 12 months’ continuous full time service<br />

for <strong>Mainfreight</strong>. The total cost of this discretionary bonus<br />

for the <strong>2022</strong> financial year is $94.2 million (an increase<br />

from $43.9 million in the prior year).<br />

REMUNERATION COMMITTEE:<br />

Bruce Plested, Chairman<br />

Richard Prebble, Director<br />

Simon Cotter, Director


62<br />

GOVERNANCE AND LEADERSHIP Our Global Leadership Team<br />

63<br />

LEADERS NEW ZEALAND<br />

LEADERS EUROPE<br />

ROB CROFT<br />

NIC KAY<br />

CARL GEORGE<br />

MITCH GREGOR<br />

PAUL RIETHMAIER<br />

NIC MATTHEWS<br />

LIANE PHILIPSEN<br />

BEN FITTS<br />

FRANS ZUIDGEEST<br />

BRAD RUSSELL<br />

12 years with <strong>Mainfreight</strong><br />

26 years with <strong>Mainfreight</strong><br />

27 years with <strong>Mainfreight</strong><br />

21 years with <strong>Mainfreight</strong><br />

22 years with <strong>Mainfreight</strong><br />

10 years with <strong>Mainfreight</strong><br />

11 years with <strong>Mainfreight</strong><br />

15 years with <strong>Mainfreight</strong><br />

11 years with <strong>Mainfreight</strong><br />

6 years with <strong>Mainfreight</strong><br />

Leading Sales in<br />

New Zealand since 2015<br />

Leading Transport<br />

New Zealand since <strong>2022</strong><br />

Leading the New Zealand<br />

business since <strong>2022</strong><br />

Leading Warehousing<br />

New Zealand since 2016<br />

Leading Air & Ocean<br />

New Zealand since <strong>2022</strong><br />

Leading Sales in Europe<br />

since 2021<br />

Leading Warehousing<br />

Europe since 2018<br />

Leading the European<br />

business since 2015<br />

Leading Transport<br />

Europe since 2015<br />

Leading Air & Ocean<br />

Europe since 2021


64<br />

GOVERNANCE AND LEADERSHIP Our Global Leadership Team<br />

65<br />

LEADERS AUSTRALIA<br />

LEADERS AMERICAS<br />

RIYAZ JORDAN<br />

DAVE SCOTT<br />

GRANT DRAPER<br />

RODD MORGAN<br />

SIMON HART<br />

NATHAN THOMAS<br />

STEVE TURNER<br />

RENÉ VAN HOUTUM<br />

JASON BRAID<br />

CHRIS WILSON<br />

SHAWN ROACH<br />

22 years with <strong>Mainfreight</strong><br />

Leading Warehousing<br />

Australia since 2021<br />

22 years with <strong>Mainfreight</strong><br />

Leading Sales in<br />

Australia since 2009<br />

25 years with <strong>Mainfreight</strong><br />

Leading Air & Ocean<br />

Australia since 2015<br />

19 years with <strong>Mainfreight</strong><br />

Leading the Australian<br />

business since 2011<br />

16 years with <strong>Mainfreight</strong><br />

Leading Transport<br />

Australia since 2021<br />

19 years with<br />

<strong>Mainfreight</strong><br />

Leading Air & Ocean<br />

Americas since 2015<br />

16 years with<br />

<strong>Mainfreight</strong><br />

Leading Sales in the<br />

Americas since 2019<br />

11 years with<br />

<strong>Mainfreight</strong><br />

Leading Warehousing<br />

Americas since 2014<br />

25 years with<br />

<strong>Mainfreight</strong><br />

Leading the business in<br />

the Americas since 2021<br />

16 years with<br />

CaroTrans<br />

Leading CaroTrans<br />

since 2017<br />

6 years with<br />

<strong>Mainfreight</strong><br />

Leading Transport<br />

Americas since 2016


66 67<br />

GOVERNANCE AND LEADERSHIP Our Global Leadership Team<br />

LEADERS ASIA<br />

GLOBAL SUPPORT TEAM<br />

CARY CHUNG<br />

11 years with <strong>Mainfreight</strong><br />

Leading the Asian business since 2017<br />

MICHELLE YIP<br />

6 years with <strong>Mainfreight</strong><br />

Leading Warehousing in Asia since <strong>2022</strong><br />

BILLY ZHANG<br />

21 years with <strong>Mainfreight</strong><br />

Leading Sales in Asia since 2017<br />

MARTIN DEVEREUX<br />

GROUP MANAGER TEAM<br />

DEVELOPMENT<br />

22 years with <strong>Mainfreight</strong><br />

Leading our Training & Development<br />

team since 2010<br />

TIM WILLIAMS<br />

CHIEF FINANCIAL OFFICER<br />

28 years with <strong>Mainfreight</strong><br />

Has held the CFO role since 1995<br />

JOHN ESHUIS<br />

GROUP IT MANAGER<br />

19 years with <strong>Mainfreight</strong><br />

Took on the leadership role for<br />

<strong>Mainfreight</strong>’s IT in 2021


68<br />

GOVERNANCE AND LEADERSHIP Directors’ <strong>Report</strong><br />

69<br />

The Directors are pleased to present this twenty-sixth<br />

published <strong>Annual</strong> <strong>Report</strong> of <strong>Mainfreight</strong> Limited.<br />

Financial Result<br />

Total revenue for the year was $5,218 million, up on the<br />

previous year by $1,674 million, or 47.2%.<br />

PBT for the year was $489 million, up 86.5%<br />

Net profit for the year increased 88.9% to $355 million.<br />

Comparisons to the 2021 result are set out in the fiveyear<br />

review; page 112 of the financial statements.<br />

Financial Position<br />

The Group has improved its financial position, with<br />

shareholders’ equity of $1,429 million funding 47.2% of<br />

total assets. Earnings cover interest on debt 24.64 times<br />

compared to 13.09 times in the prior year. Net cash flows<br />

from operations were $504 million, up from $376 million<br />

last year.<br />

Dividend<br />

A dividend of 45.0 cents per share was paid in July 2021,<br />

fully imputed. A supplementary dividend of 7.94 cents<br />

per share was paid to non-resident shareholders with this<br />

dividend. A further dividend of 55.0 cents per share was<br />

paid in December 2021, fully imputed. A supplementary<br />

dividend of 9.71 cents per share was paid to nonresident<br />

shareholders with this dividend. A fully imputed<br />

dividend of 87.0 cents per share, payable on 22 July <strong>2022</strong><br />

is proposed, together with a supplementary dividend<br />

of 15.35 cents per share for non-resident shareholders.<br />

Books close for this dividend on 15 July <strong>2022</strong>.<br />

Statutory Information<br />

Additional information is set out on pages 109 to<br />

111 including Directors’ Interests as required by the<br />

Companies Act 1993.<br />

Directors<br />

Don Braid, Simon Cotter and Kate Parsons retire by<br />

rotation, and are available for re-election.<br />

Directors’ Remuneration<br />

Directors’ fees were not increased during the financial<br />

year, and remain at $120,000 per annum for each<br />

Director, and $240,000 per annum for the Chairman of<br />

the Board. The Chairman has for some time elected not<br />

to take his fee entitlement.<br />

Audit<br />

The Company’s Auditors, EY, will continue in office in<br />

accordance with the Companies Act 1993. The Company<br />

has a formally constituted Audit Committee.<br />

<strong>Report</strong>ing And Communications<br />

<strong>Mainfreight</strong> continues to support high levels of public<br />

company disclosure. The Company provides half-yearly<br />

reporting on results, with ongoing disclosure as required.<br />

The Company is effective in communicating the Group’s<br />

affairs and results to shareholders, NZX, regulatory bodies<br />

and the media. The first half-year result to 30 September<br />

<strong>2022</strong> is scheduled for release on 10 November <strong>2022</strong>.<br />

Outlook<br />

The Directors are satisfied with the direction and<br />

development of the Group. The next twelve months<br />

will continue the developments that <strong>Mainfreight</strong><br />

has underway with the subsequent benefits to our<br />

shareholders and stakeholders.<br />

For and on behalf of the Board<br />

28 June <strong>2022</strong><br />

BRUCE PLESTED, CHAIRMAN<br />

SIMON COTTER, DIRECTOR<br />

RESPONSIBILITY<br />

Taking<br />

for getting it done. Our local teams know our local<br />

customers best and operate proactively, decisively and fast.<br />

TORI GRAHAM, ALBURY, AUSTRALIA WITH OUR CUSTOMER, SAM MIRANDA


70<br />

GOVERNANCE AND LEADERSHIP Our Board of Directors<br />

71<br />

THE KNOWLEDGE, COHESION AND TENURE of our Board, have been<br />

more valuable than ever through these extraordinary times.<br />

Our Board brings relevance and value to our business, with members experienced<br />

across finance, education, politics, technology, telecommunications and not-forprofit<br />

sectors. Each member is highly regarded in their own right and a forthright<br />

contributor to decision-making and the direction of our business.<br />

There are no passengers at this table.<br />

BOARD OF DIRECTORS:<br />

RICHARD PREBBLE, BRYAN MOGRIDGE, BRUCE PLESTED, DON BRAID, KATE PARSONS AND SIMON COTTER.


72 73<br />

GOVERNANCE AND LEADERSHIP Board of Directors<br />

BRUCE PLESTED CHAIRMAN AND FOUNDING OWNER<br />

44 years with <strong>Mainfreight</strong><br />

Appointment to Board 1978<br />

Shareholding at 31 March <strong>2022</strong>: 14,845,062 shares*<br />

AGE: 80<br />

As Chairman and Founder, Bruce shares his vision for<br />

the Company with the <strong>Mainfreight</strong> team, bringing a<br />

particular focus to quality and our culture. Likewise,<br />

his strongly-held beliefs relating to the importance of<br />

education and of recycling/sustainability, continue to<br />

positively shape the Company’s behaviours.<br />

DON BRAID GROUP MANAGING DIRECTOR<br />

28 years with <strong>Mainfreight</strong><br />

Appointment to Board 2000<br />

Shareholding at 31 March <strong>2022</strong>: 2,892,890 shares*<br />

AGE: 62<br />

Don has over 45 years’ experience in the freight<br />

industry, including 28 with <strong>Mainfreight</strong>. His leadership<br />

is underpinned by a strong belief in <strong>Mainfreight</strong>’s global<br />

competency and capabilities to provide high-quality<br />

supply chain solutions for our customers. His visits to<br />

our local and overseas operations guide our teams to<br />

be sales-focused and always aiming for operational<br />

excellence. He is fiercely proud of the <strong>Mainfreight</strong><br />

culture – seeing this as a key reason customers choose<br />

<strong>Mainfreight</strong> over the competition.<br />

BRYAN MOGRIDGE INDEPENDENT DIRECTOR<br />

Appointment to Board 2003<br />

Shareholding at 31 March <strong>2022</strong>: 200,000 shares*<br />

AGE: 76<br />

Bryan has a wealth of experience, both in executive and<br />

board roles. He has also lent his considerable support<br />

to not-for-profit organisations such as the Starship<br />

Foundation. His intellect and pragmatic approach are<br />

highly regarded at the Board table.<br />

Other Current Significant Directorships and Trusteeships:<br />

BUPA ANZ Pty Limited (Chairman), Clearspan Limited,<br />

SeaDragon Limited, Thinxtra Limited, Starship Foundation,<br />

Massey University Foundation.<br />

SIMON COTTER INDEPENDENT DIRECTOR<br />

Appointment to Board 2013<br />

Shareholding at 31 March <strong>2022</strong>: 80,000 shares*<br />

AGE: 55<br />

Simon has a long association with <strong>Mainfreight</strong> having<br />

served as the Company’s main adviser for acquisitions,<br />

debt structure and other matters since 2003 (through<br />

Grant Samuel & Associates), prior to joining the<br />

<strong>Mainfreight</strong> Board. He brings strong financial skills and<br />

business acumen to the role.<br />

Other Current Directorships:<br />

Grant Samuel & Associates Ltd.<br />

RICHARD PREBBLE INDEPENDENT DIRECTOR<br />

Appointment to Board 1996<br />

Shareholding at 31 March <strong>2022</strong>: 88,274 shares*<br />

AGE: 74<br />

Richard Prebble is by profession a lawyer. As a<br />

Government Minister, Richard was responsible for<br />

creating SOEs, deregulating telecommunications<br />

and broadcasting, reforming ports, airports, railways<br />

and aviation. Richard has been elected a fellow of the<br />

Chartered Institute of Logistics and Transport.<br />

Other Current Directorships:<br />

Private family companies.<br />

KATE PARSONS INDEPENDENT DIRECTOR<br />

Appointment to Board 2017<br />

Shareholding at 31 March <strong>2022</strong>: 1,015 shares*<br />

AGE: 49<br />

Kate brings to the Board her broad financial and<br />

analytical experience acquired in a range of industries,<br />

both in New Zealand and overseas. Her knowledge<br />

of high-tech companies is a welcome addition to<br />

the Board’s capabilities, as is her familiarity with the<br />

complexities of acquisitions, and steering companies<br />

through growth and change.<br />

Other Current Directorships:<br />

Entrada Travel Group Limited (and a number of subsidiary<br />

companies), Rush Digital Interactive Limited, and private family<br />

companies.<br />

* Number of shares are those held with beneficial interest. Additional detail for Director Shareholdings is provided under the Statutory Information<br />

section on page 109.<br />

SEMISI FALASISILA, AUCKLAND, NEW ZEALAND


74<br />

FINANCIAL STATEMENTS Contents<br />

FINANCIAL STATEMENTS Income Statement & Statement of Comprehensive Income<br />

75<br />

CONTENTS<br />

75 Income Statement 75<br />

78<br />

Statement of<br />

Comprehensive<br />

Income<br />

76<br />

Balance Sheet<br />

Statement of<br />

Changes in Equity 79 Cash Flow Statement 80<br />

106 Auditor’s <strong>Report</strong> 109 Statutory Information 111<br />

112<br />

Five Year Review<br />

Notes to the<br />

Financial Statements<br />

Interests Register<br />

Income Statement<br />

FOR THE YEAR ENDED 31 MARCH <strong>2022</strong><br />

TOTAL REVENUE 5,218,259 3,543,838<br />

Transport Costs (3,356,790) (2,141,744)<br />

Labour Expenses 6 (886,614) (723,444)<br />

Other Expenses (263,818) (211,836)<br />

Earnings before Finance Costs, Tax, Depreciation and Amortisation 711,037 466,814<br />

Depreciation of Right of Use Assets 20 (127,289) (113,938)<br />

Finance Costs Relating to Lease Liabilities 20 (15,731) (16,225)<br />

Other Depreciation and Amortisation Expenses 14,15,20 (73,324) (68,460)<br />

Other Finance Costs (5,312) (5,784)<br />

Profit Before Taxation for the Year 489,381 262,407<br />

Income Tax Expense 7 (133,984) (74,297)<br />

NET PROFIT FOR THE YEAR 355,397 188,110<br />

Earnings per share for profit attributable to the ordinary equity holders of the company are:<br />

BASIC AND DILUTED EARNINGS PER SHARE: 9 352.93 186.81<br />

Note<br />

<strong>2022</strong><br />

$000<br />

Cents<br />

2021<br />

$000<br />

Cents<br />

Statement of Comprehensive Income<br />

FOR THE YEAR ENDED 31 MARCH <strong>2022</strong><br />

Net Profit for the Year 355,397 188,110<br />

OTHER COMPREHENSIVE INCOME<br />

Other comprehensive income to be reclassified to profit or loss in subsequent periods:<br />

Exchange Differences on Translation of Foreign Operations (7,412) (22,545)<br />

Income Tax Effect (1,047) (2,782)<br />

NET OTHER COMPREHENSIVE INCOME TO BE RECLASSIFIED TO PROFIT<br />

OR LOSS IN SUBSEQUENT PERIODS (8,459) (25,327)<br />

Other comprehensive income not to be reclassified to profit or loss in subsequent periods:<br />

Revaluation of Land 82,659 55,814<br />

Income Tax Effect (15,016) (5,324)<br />

NET OTHER COMPREHENSIVE INCOME NOT TO BE RECLASSIFIED TO PROFIT<br />

OR LOSS IN SUBSEQUENT PERIODS 67,643 50,490<br />

Other comprehensive income not to be reclassified to profit or loss in subsequent periods:<br />

Defined Benefit Pension Provision 455 (159)<br />

Income Tax Effect (114) 40<br />

NET OTHER COMPREHENSIVE INCOME NOT TO BE RECLASSIFIED TO PROFIT<br />

OR LOSS IN SUBSEQUENT PERIODS 341 (119)<br />

<strong>2022</strong><br />

$000<br />

2021<br />

$000<br />

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF TAX 59,525 25,044<br />

TOTAL COMPREHENSIVE INCOME FOR THE YEAR, NET OF TAX 414,922 213,154<br />

The accompanying notes form an integral part of these financial statements.


76 77<br />

FINANCIAL STATEMENTS Balance Sheet<br />

FINANCIAL STATEMENTS Balance Sheet<br />

Balance Sheet<br />

AS AT 31 MARCH <strong>2022</strong><br />

Note<br />

<strong>2022</strong><br />

$000<br />

2021<br />

$000<br />

Note<br />

<strong>2022</strong><br />

$000<br />

2021<br />

$000<br />

CURRENT ASSETS<br />

Bank 10 202,258 139,555<br />

Trade Debtors 11 805,568 489,246<br />

Income Tax Receivable 275 251<br />

Other Receivables 12 48,563 89,531<br />

1,056,664 718,583<br />

NON-CURRENT TANGIBLE ASSETS<br />

Property 14 925,190 755,566<br />

Plant & Equipment 14 185,020 162,597<br />

Right of Use Assets 20 585,970 567,956<br />

1,696,180 1,486,119<br />

NON-CURRENT INTANGIBLE ASSETS<br />

Software 15 52,081 53,510<br />

Goodwill 15 204,498 208,626<br />

Other Intangible Assets 15 1,288 1,607<br />

Deferred Tax Asset 7 17,240 18,461<br />

275,107 282,204<br />

TOTAL ASSETS 3,027,951 2,486,906<br />

CURRENT LIABILITIES<br />

Bank 10 - -<br />

Trade Creditors & Accruals 18 562,004 412,826<br />

Employee Entitlements 16 152,305 91,997<br />

Provision for Taxation 56,609 30,344<br />

Lease Liability for Right of Use Assets 20 121,136 118,158<br />

Asset Finance Loans 19 8,841 9,198<br />

900,895 662,523<br />

NON-CURRENT LIABILITIES<br />

Bank Term Loan 19 176,005 210,000<br />

Employee Entitlements 16 2,519 2,922<br />

Deferred Tax Liability 7 10,684 6,571<br />

Lease Liability for Right of Use Assets 20 490,099 467,276<br />

Asset Finance Loans 19 18,480 22,568<br />

697,787 709,337<br />

TOTAL LIABILITIES 1,598,682 1,371,860<br />

SHAREHOLDERS’ EQUITY<br />

Share Capital 21 85,821 85,821<br />

Retained Earnings 1,152,081 897,383<br />

Revaluation Reserve 208,737 141,094<br />

Foreign Currency Translation Reserve (17,119) (8,660)<br />

Defined Benefit Pension Reserve (251) (592)<br />

TOTAL EQUITY 1,429,269 1,115,046<br />

TOTAL LIABILITIES AND EQUITY 3,027,951 2,486,906<br />

For and on behalf of the Board who authorised the issue of these financial statements on 28 June <strong>2022</strong>.<br />

Bruce Plested, Chairman<br />

Simon Cotter, Director<br />

The accompanying notes form an integral part of these financial statements.


78<br />

FINANCIAL STATEMENTS Statement of Changes in Equity<br />

FINANCIAL STATEMENTS Cash Flow Statement<br />

79<br />

Statement of Changes in Equity<br />

FOR THE YEAR ENDED 31 MARCH <strong>2022</strong><br />

Cash Flow Statement<br />

FOR THE YEAR ENDED 31 MARCH <strong>2022</strong><br />

<strong>2022</strong><br />

$000 Note<br />

Ordinary<br />

Shares<br />

Asset<br />

Revaluation<br />

Reserve<br />

Foreign<br />

Currency<br />

Translation<br />

Reserve<br />

Defined<br />

Benefit<br />

Pension<br />

Reserve<br />

Retained<br />

Earnings<br />

Balance at 1 April 2021 85,821 141,094 (8,660) (592) 897,383 1,115,046<br />

Profit for the Year - - - - 355,397 355,397<br />

Other Comprehensive Income - 67,643 (8,459) 341 - 59,525<br />

TOTAL COMPREHENSIVE<br />

INCOME FOR THE YEAR - 67,643 (8,459) 341 355,397 414,922<br />

TRANSACTIONS WITH OWNERS IN THEIR CAPACITY AS OWNERS:<br />

Supplementary Dividends - - - - (3,674) (3,674)<br />

Dividends Paid 8 - - - - (100,699) (100,699)<br />

Foreign Investor Tax Credit - - - - 3,674 3,674<br />

BALANCE AT 31 MARCH <strong>2022</strong> 85,821 208,737 (17,119) (251) 1,152,081 1,429,269<br />

2021<br />

$000 Note<br />

Ordinary<br />

Shares<br />

Asset<br />

Revaluation<br />

Reserve<br />

Foreign<br />

Currency<br />

Translation<br />

Reserve<br />

Defined<br />

Benefit<br />

Pension<br />

Reserve<br />

Retained<br />

Earnings<br />

Balance at 1 April 2020 85,821 90,604 16,667 (473) 773,720 966,339<br />

Profit for the Year - - - - 188,110 188,110<br />

Other Comprehensive Income - 50,490 (25,327) (119) - 25,044<br />

TOTAL COMPREHENSIVE<br />

INCOME FOR THE YEAR - 50,490 (25,327) (119) 188,110 213,154<br />

TRANSACTIONS WITH OWNERS IN THEIR CAPACITY AS OWNERS:<br />

Supplementary Dividends - - - - (2,132) (2,132)<br />

Dividends Paid 8 - - - - (64,447) (64,447)<br />

Foreign Investor Tax Credit - - - - 2,132 2,132<br />

BALANCE AT 31 MARCH 2021 85,821 141,094 (8,660) (592) 897,383 1,115,046<br />

Total<br />

Total<br />

CASH FLOWS FROM OPERATING ACTIVITIES<br />

Receipts from Customers 4,930,932 3,459,132<br />

Interest Received 341 307<br />

Payments to Suppliers and Team Members (4,289,186) (2,992,486)<br />

Finance Charge on NZ IFRS 16 Leases (15,731) (16,225)<br />

Interest Paid (5,312) (5,784)<br />

Income Taxes Paid (117,247) (68,662)<br />

NET CASH FLOWS FROM OPERATING ACTIVITIES 22 503,797 376,282<br />

CASH FLOWS FROM INVESTING ACTIVITIES<br />

Proceeds from Sale of Property, Plant & Equipment 3,724 3,529<br />

Proceeds from Sale of Software 66 -<br />

Purchase of Property, Plant & Equipment (175,908) (104,048)<br />

Purchase of Software (16,962) (18,030)<br />

Advances to Team Members - (2)<br />

NET CASH FLOWS FROM INVESTING ACTIVITIES (189,080) (118,551)<br />

CASH FLOWS FROM FINANCING ACTIVITIES<br />

Proceeds of Long Term Loans 22 74,792 62,054<br />

Dividend Paid to Shareholders (100,699) (64,447)<br />

Repayment of Loans 22 (104,724) (118,073)<br />

Lease Payments NZ IFRS 16 22 (119,336) (107,125)<br />

NET CASH FLOWS FROM FINANCING ACTIVITIES (249,967) (227,591)<br />

NET INCREASE / (DECREASE) IN CASH AND CASH EQUIVALENTS 64,750 30,140<br />

Net Foreign Exchange Differences (2,047) (6,719)<br />

CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 139,555 116,134<br />

CASH AND CASH EQUIVALENTS AT END OF PERIOD 202,258 139,555<br />

COMPRISED<br />

Bank and Short Term Deposits 10 202,258 139,555<br />

Bank Overdraft - -<br />

202,258 139,555<br />

Note<br />

<strong>2022</strong><br />

$000<br />

2021<br />

$000<br />

The accompanying notes form an integral part of these financial statements.<br />

The accompanying notes form an integral part of these financial statements.


80<br />

81<br />

Notes to the FINANCIAL STATEMENTS<br />

Notes to the FINANCIAL STATEMENTS<br />

Notes to the Financial Statements<br />

FOR THE YEAR ENDED 31 MARCH <strong>2022</strong><br />

1 CORPORATE INFORMATION<br />

The financial statements of <strong>Mainfreight</strong> Limited (“the Parent“) and its subsidiaries (“the Group”) for the year ended 31 March <strong>2022</strong> were<br />

authorised for issue in accordance with a resolution of the Directors.<br />

<strong>Mainfreight</strong> Limited is a company limited by shares incorporated in New Zealand whose shares are publicly traded on the NZX Main<br />

Board (New Zealand Stock Exchange).<br />

2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES<br />

(a) Basis of Preparation<br />

The financial statements have been prepared in accordance with generally accepted accounting practice in New Zealand (NZ<br />

GAAP) and the requirements of the Companies Act 1993 and the Financial Markets Conduct Act 2013. The financial statements<br />

have been prepared:<br />

• On a historical cost basis, except for land, and derivative financial instruments.<br />

• On a GST exclusive basis, except for receivables and payables that are stated inclusive of GST.<br />

(b) Statement of Compliance<br />

The financial statements comply with New Zealand equivalents to International Financial <strong>Report</strong>ing Standards (NZ IFRS) and<br />

other applicable Financial <strong>Report</strong>ing Standards, as appropriate for profit-oriented entities. The financial statements comply with<br />

International Financial <strong>Report</strong>ing Standards (IFRS).<br />

(c) Basis of Consolidation<br />

The consolidated financial statements comprise the financial statements of <strong>Mainfreight</strong> Limited and its subsidiaries (the<br />

“Group”) as at 31 March each year (as outlined in note 13).<br />

Consolidation of a subsidiary begins when the Group obtains control over the subsidiary and ceases when the Group loses<br />

control of the subsidiary. Assets, liabilities, income and expenses of a subsidiary acquired or disposed of during the year are<br />

included in the statement of comprehensive income from the date the Group gains control until the date the Group ceases to<br />

control the subsidiary.<br />

Control is achieved when the Group is exposed, or has rights, to variable returns from its involvement with the investee and has<br />

the ability to affect those returns through its power over the investee.<br />

The financial statements of subsidiaries are prepared for the same reporting period as the parent company, using consistent<br />

accounting policies. Income and expenses for each subsidiary whose functional currency is not New Zealand dollars are<br />

translated at exchange rates which approximate the rates at the actual dates of the transactions. Assets and liabilities of such<br />

subsidiaries are translated at exchange rates prevailing at balance date. All resulting exchange differences are recognised in the<br />

foreign currency translation reserve which is a separate component of equity.<br />

In preparing the consolidated financial statements, all inter-company balances and transactions, income and expenses and<br />

profit and losses resulting from intra-group transactions have been eliminated in full.<br />

(d) Foreign Currency Translation<br />

(i) Functional and Presentation Currency<br />

The presentation currency of the Group is New Zealand dollars ($) and all values are rounded to the nearest thousand dollars<br />

($000). Each entity in the Group determines its own functional currency and items included in the financial statements of each<br />

entity are measured using that functional currency.<br />

(ii) Transactions and Balances<br />

Transactions in foreign currencies are initially recorded in the functional currency by applying the exchange rates ruling at the<br />

date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the rate of exchange<br />

ruling at the balance sheet date.<br />

All exchange differences in the consolidated financial statements are taken to the income statement with the exception of<br />

differences on foreign currency borrowings that provide a hedge against a net investment and differences arising on translation<br />

of a foreign operation. These are recognised in other comprehensive income and accumulated in reserves until disposal of the<br />

net investment at which time they are recognised in profit or loss. On disposal of a foreign operation, the cumulative amount<br />

recognised in equity relating to that particular foreign operation is recognised in the income statement. Tax charges and credits<br />

attributable to exchange differences on those borrowings are also recognised in equity.<br />

2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)<br />

Non-monetary items that are measured in terms of historical cost in a foreign currency are translated using the exchange rate<br />

as at the date of the initial transaction. Non-monetary items measured at fair value in a foreign currency are translated using the<br />

exchange rates at the date when the fair value was determined.<br />

(iii) Hedges of a Net Investment<br />

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<br />

investment, are accounted for by including the gains or losses on the hedging instrument relating to the effective portion of the<br />

hedge directly in equity while any gains or losses relating to the ineffective portion of the hedge are recognised in profit or loss.<br />

(e) Changes in Accounting Policies<br />

The accounting policies applied in the preparation of the consolidated financial statements are consistent with the prior year.<br />

The Group has not early adopted any standards, interpretation or amendment that have been issued but are not yet effective.<br />

(f) New Accounting Standards and Interpretations<br />

The Group has no new material standards that require adoption in future years.<br />

(g) Revenue Recognition<br />

In relation to freight transactions, the Group considers its sole performance obligation to be the delivery of freight to the final<br />

destination. Ancillary services such as customs clearance are not considered to be separate performance obligations. Instead,<br />

together with freight they represent a bundle of performance obligations.<br />

The Group considers that the performance obligation is satisfied over time, and so will recognise the related revenue as the<br />

performance obligation is satisfied. In relation to domestic transport and warehousing the stage of completion is to be measured<br />

relative to cost whereas in relation to air and ocean freight it will be measured relative to time.<br />

Judgement is involved in determining the measure of cost and time on which to base the recognition of revenues at each<br />

reporting date.<br />

Revenue has been disaggregated in note 5 by domestic transport, warehousing and air and ocean forwarding.<br />

3 FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES<br />

The Group’s principal financial instruments, other than derivatives, comprise bank loans and overdrafts, cash and short-term deposits,<br />

trade creditors and accruals and trade debtors.<br />

The main purpose of these financial instruments is to raise finance and provide working capital for the Group’s operations.<br />

The Group also enters into derivative transactions, principally interest rate swaps. The purpose is to manage the interest rate risks<br />

arising from the Group’s operations and its sources of finance. These are not currently hedge accounted.<br />

The main risks arising from the Group’s financial instruments are cash flow interest rate risk, fair value interest rate risk, liquidity risk,<br />

foreign currency risk and credit risk.<br />

Details of the significant accounting policies and methods adopted, including the criteria for recognition, the basis of measurement<br />

and the basis on which income and expenses are recognised, in respect of each class of financial assets, financial liabilities and equity<br />

instruments are disclosed in notes 2 and 4 to the financial statements and other relevant notes.<br />

Cash Flow Interest Rate Risk<br />

The Group’s exposure to cash flow risk through changes in market interest rates relates primarily to the Group’s long-term debt<br />

obligations with a floating interest rate. The level of debt is disclosed in note 19.<br />

The Group’s policy is to manage its interest cost using a mix of fixed and variable rate debt. To manage this mix in a cost efficient<br />

manner, the Group enters into interest rate swaps, in which the Group agrees to exchange, at specified intervals, the difference<br />

between fixed and variable rate interest amounts calculated by reference to an agreed-upon notional principal amount. With the<br />

current low interest rate environment the Board decided not to enter into any swaps at this time. At 31 March <strong>2022</strong> none of the Group’s<br />

borrowings are at a fixed rate of interest (2021: nil).


82<br />

83<br />

Notes to the FINANCIAL STATEMENTS<br />

Notes to the FINANCIAL STATEMENTS<br />

3 FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONTINUED)<br />

Fair Value Interest Rate Risk<br />

If the Group holds fixed rate debt there is a risk that the economic value of a financial instrument will fluctuate because of changes<br />

in market interest rates. The level of fixed rate debt is disclosed in note 19 and it is acknowledged that this risk is a by product of the<br />

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<br />

interest rate swaps. The Group accepts this risk as a by-product of its hedging strategy.<br />

Interest on financial instruments classified as floating have their rates repriced at intervals of less than one year. Fixed rate instruments<br />

are fixed until the maturity of the instrument.<br />

The Group constantly analyses its interest rate risk exposure. Within this analysis consideration is given to potential renewals of existing<br />

positions, alternative financing and the mix of fixed and variable interest rates.<br />

The following sensitivity analysis is based on the interest rate exposures in existence at the balance sheet date.<br />

At 31 March <strong>2022</strong>, if interest rates had moved, as illustrated in the table below, with all other variables held constant, post tax profit<br />

(including swap fair value movements) and equity would have been affected as follows:<br />

Post Tax Profit and Equity<br />

Higher (Lower)<br />

+ 1.0% (100 Basis Points) (7) (513)<br />

- 0.5% (50 Basis Points) 4 256<br />

Foreign Currency Risk<br />

Foreign currency risk is the risk that the value of the Group’s assets, liabilities and financial performance will fluctuate due to changes<br />

in foreign currency rates.<br />

The Group is primarily exposed to currency risk as a result of its operations in Australia, America, Europe and Asia.<br />

The risk to the Group is that the value of the overseas subsidiaries’ and associates’ financial positions and financial performances will<br />

fluctuate in economic terms and as recorded in the financial statements due to changes in overseas exchange rates.<br />

The Group economically hedges some of the currency risk relating to its Australian operations by holding a portion of its bank<br />

borrowings in Australian dollars. Any foreign currency movement in the net assets of the Australian subsidiaries is partly offset by an<br />

opposite movement in the Australian dollar loan. In addition, the Group has loans in Euros to assist in funding its European operations<br />

and to offset the variability of future post interest financial performance to foreign exchange rate fluctuations.<br />

Included in bank term loans at 31 March <strong>2022</strong> is a borrowing of EU€68,700,000 (2021 €83,000,000) which has been designated as a<br />

hedge of the net investments in the European subsidiaries. It is being used to hedge the Group’s exposure to changes in exchange<br />

rates on the value of its net investments in Europe. Gains or losses on the retranslation of this borrowing are recognised in other<br />

comprehensive income to offset any gains or losses on translation of the net investments in the subsidiaries. A net after tax gain on<br />

the hedge of the net investment of NZ$2,693,231 (2021 net after tax gain $7,153,938) was recognised in other comprehensive income for<br />

the period.<br />

There is an economic relationship between the hedged item and the hedging instrument as the net investment creates a translation<br />

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<br />

risk of the hedging instrument is identical to the hedged risk component. Hedge ineffectiveness will arise when the amount of the<br />

investment in the foreign subsidiary becomes lower than the amount of the fixed rate borrowing.<br />

<strong>2022</strong><br />

$000<br />

<strong>2022</strong><br />

AU$000<br />

2021<br />

$000<br />

2021<br />

AU$000<br />

Net Assets Relating to Australian Subsidiaries Exposed to Currency Risk 273,087 191,508<br />

US$000<br />

US$000<br />

Net Assets Relating to American & Asian Subsidiaries Exposed to Currency Risk 215,846 138,058<br />

EU€000<br />

EU€000<br />

Net Assets Relating to European Subsidiaries Exposed to Currency Risk 98,740 70,118<br />

Currency movements in the foreign denominated balances above are reflected in the Foreign Currency Translation Reserve.<br />

The movements were comprised of the following:<br />

3 FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONTINUED)<br />

The Group is exposed to currency risk in relation to trading balances denominated in other than the NZ dollar, principally by the<br />

trading of the Group’s overseas businesses.<br />

At 31 March <strong>2022</strong> the Group has the following monetary assets and liabilities denominated in other than the NZ dollar: 78% of trade<br />

accounts payable (2021 76%), 81% of trade accounts receivable (2021 78%), 90% of cash assets (2021 86%), and 100% of cash liabilities<br />

(2021 100%). These amounts are inclusive of the above balances held in foreign subsidiaries.<br />

The following sensitivity is based on the foreign currency risk exposures in existence at the balance sheet date:<br />

At 31 March <strong>2022</strong>, had the New Zealand Dollar moved as illustrated in the table below with all other variables held constant, post tax<br />

profit and equity would have been affected as follows:<br />

Judgements of reasonably possible movements:<br />

Post Tax Profit<br />

Higher / (Lower)<br />

<strong>2022</strong><br />

$000<br />

2021<br />

$000<br />

Equity<br />

Higher / (Lower)<br />

<strong>2022</strong><br />

$000<br />

NZD/AUD +10% (5,766) (3,866) (25,703) (21,800)<br />

NZD/AUD -10% 7,047 4,726 31,416 26,644<br />

NZD/USD +10% (10,178) (3,287) (28,447) (18,147)<br />

NZD/USD -10% 12,439 4,017 34,768 22,177<br />

NZD/EURO +10% (3,379) (2,545) (17,174) (12,987)<br />

NZD/EURO -10% 4,129 3,111 20,992 15,873<br />

The movement in equity is a combination of movement in post-tax profit and the movement in the foreign currency translation<br />

reserve as values of overseas investments in subsidiaries change.<br />

Management believes the balance date risk exposures are representative of the risk exposure inherent in the financial instruments.<br />

Credit Risk<br />

In the normal course of business, the Group is exposed to credit risk from financial instruments including cash, trade receivables, and<br />

derivative financial instruments.<br />

Receivable balances are monitored on an ongoing basis with the result that, in management’s view, the Group’s exposure to bad debts<br />

is not significant. The Group does not have concentrations of credit risk by industry but does have concentrations by geographical<br />

sectors (refer to Segment <strong>Report</strong>ing in note 5).<br />

With respect to credit risk arising from the other financial assets of the Group, which comprise cash and cash equivalents, and certain<br />

derivative instruments, the Group’s exposure to credit risk arises from default of the counterparty, with a maximum exposure equal<br />

to the carrying amount of these instruments. The Group has a policy only to deal with registered banks or financial institutions with<br />

high quality credit ratings.<br />

It is the Group’s policy that customers considered higher risk who wish to trade on credit terms are subject to credit verification<br />

procedures including an assessment of their independent credit rating, financial position, past experience and industry reputation.<br />

Risk limits are set for each individual customer in accordance with parameters set by the Board. These risk limits are regularly<br />

monitored.<br />

Liquidity Risk<br />

Liquidity risk represents the Group’s ability to meet its contractual obligations. The Group’s objective is to maintain a balance between<br />

continuity of funding and flexibility through the use of bank overdrafts, bank loans, and asset finance loans. The Board considers that,<br />

in general, the Group has sufficient cash flows from operating activities to meet their obligations. If there are projected shortfalls,<br />

management ensures adequate committed finance is available.<br />

At 31 March <strong>2022</strong>, none of the Group’s debt will mature in less than one year (2021: nil).<br />

The table below reflects all contractually fixed payments and receivables for settlement, repayments and interest resulting from<br />

recognised financial assets and liabilities, including derivative financial instruments as of 31 March <strong>2022</strong>. The respective undiscounted<br />

cash flows for the respective upcoming fiscal years are presented. Cash flows for financial assets and liabilities without fixed amount<br />

or timing are based on the conditions existing at 31 March <strong>2022</strong>.<br />

2021<br />

$000<br />

<strong>2022</strong><br />

NZ$000<br />

2021<br />

NZ$000<br />

Retranslation of Net Assets in Foreign Subsidiaries (7,412) (22,545)<br />

Tax on Unrealised Foreign Exchange Gain (1,047) (2,782)<br />

MOVEMENT IN FOREIGN CURRENCY TRANSLATION RESERVE (8,459) (25,327)


84<br />

85<br />

Notes to the FINANCIAL STATEMENTS<br />

Notes to the FINANCIAL STATEMENTS<br />

3 FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONTINUED)<br />

Liquidity Risk (continued)<br />

The remaining contractual maturities of the Group's financial liabilities are:<br />


86 87<br />

Notes to the FINANCIAL STATEMENTS<br />

Notes to the FINANCIAL STATEMENTS<br />

5 SEGMENTAL REPORTING (CONTINUED)<br />

Division Segments<br />

The following table represents revenue and PBT regarding the three main types of services for the years ended 31 March <strong>2022</strong> and<br />

31 March 2021.<br />

6 EXPENSES AND OTHER INCOME<br />

The Profit before Taxation is stated:<br />

<strong>2022</strong><br />

$000<br />

2021<br />

$000<br />

Year Ended 31 March <strong>2022</strong><br />

Domestic<br />

Transport<br />

Warehousing<br />

Air & Ocean<br />

Forwarding<br />

Revenue 1,914,903 583,821 2,719,535 5,218,259<br />

PBT 183,861 55,262 250,258 489,381<br />

Total<br />

$000<br />

AFTER CHARGING:<br />

Audit Fees - Parent Company Auditors* 2,378 2,329<br />

Audit Fees - Other Auditors - -<br />

Year Ended 31 March 2021<br />

Domestic<br />

Transport<br />

Warehousing<br />

Air & Ocean<br />

Forwarding<br />

Revenue 1,610,741 452,116 1,480,981 3,543,838<br />

PBT 140,527 42,207 79,673 262,407<br />

Total<br />

$000<br />

Other Fees Paid to Parent Company Auditors*<br />

Tax Advice 182 206<br />

Tax Compliance 956 1,081<br />

Financial Statement Compilation 40 30<br />

Other 36 20<br />

Reconciliation between non-GAAP and the Income Statement<br />

PROFIT BEFORE TAXATION FOR THE YEAR 489,381 262,407<br />

Interest Income (341) (307)<br />

Finance Costs Relating to Lease Liabilities 15,731 16,225<br />

Other Finance Costs 5,312 5,784<br />

EBITA 510,083 284,109<br />

<strong>2022</strong><br />

$000<br />

2021<br />

$000<br />

Employee Benefits Expense<br />

Wages and Salaries 886,134 723,054<br />

Directors’ Fees 480 390<br />

TOTAL EMPLOYEE BENEFITS 886,614 723,444<br />

Interest: Variable Loans 5,001 5,351<br />

Asset Finance Loans 311 433<br />

Finance Costs Relating to Lease Liabilities (note 20) 15,731 16,225<br />

Donations** 1,451 1,253<br />

Depreciation of Right of Use Assets 127,289 113,938<br />

Other Depreciation and Amortisation Expenses 73,324 68,460<br />

EBITDA (adjusted) 710,696 466,507<br />

EBITDA (adjusted) is defined as earnings before net interest expense, tax, depreciation, amortisation and royalties (segment only;<br />

not Group).<br />

There are no customers in any segment that comprise more than 10% of that segment's revenue.<br />

Bank term loan is allocated based on segment net assets excluding bank term loan.<br />

The geographical segments are determined based on the location of the Group's assets.<br />

AFTER CREDITING OTHER INCOME:<br />

Interest Income 341 307<br />

Net Gain / (Loss) on Foreign Exchange 4,150 1,428<br />

Net Gain / (Loss) on Disposal of Property, Plant & Equipment 898 601<br />

*EY are independent of the Group in accordance with Professional and Ethical Standard 1 "International Code of Ethics for Assurance Practitioners<br />

(including International Independence Standards) (New Zealand)" issued by the New Zealand Auditing and Assurance Standards Board, and they have<br />

fulfilled their other ethical responsibilities in accordance with these requirements – refer Auditor's <strong>Report</strong> pages 107-109.<br />

Lloyd Bunyan, the current EY audit partner, was appointed 27 June 2018.<br />

**No donations to political parties were made in either year.<br />

7 INCOME TAX<br />

Current tax assets and liabilities for the current and prior periods are measured at the amount expected to be recovered from or paid<br />

to the taxation authorities based on the current period’s taxable income. The tax rates and tax laws used to compute the amount are<br />

those that are enacted or substantively enacted by the balance sheet date.<br />

Deferred income tax is generally provided on all temporary differences at the balance sheet date between the tax bases of assets and<br />

liabilities and their carrying amounts for financial reporting purposes.<br />

Deferred income tax liabilities are recognised for all taxable temporary differences except:<br />

• When the deferred income tax liability arises from the initial recognition of goodwill or of an asset or liability in a transaction that<br />

is not a business combination and that, at the time of the transaction, affects neither the accounting profit nor taxable profit or<br />

loss; or ·<br />

• When the taxable temporary difference is associated with investments in subsidiaries, associates or interests in joint ventures, and<br />

the timing of the reversal of the temporary difference can be controlled and it is probable that the temporary difference will not<br />

reverse in the foreseeable future.


88 89<br />

Notes to the FINANCIAL STATEMENTS<br />

Notes to the FINANCIAL STATEMENTS<br />

7 INCOME TAX (CONTINUED)<br />

Deferred income tax assets are recognised for all deductible temporary differences, carry-forward of unused tax credits and unused<br />

tax losses, to the extent that it is probable that taxable profit will be available against which the deductible temporary differences and<br />

the carry-forward of unused tax credits and unused tax losses can be utilised, except:<br />

• When the deferred income tax asset relating to the deductible temporary difference arises from the initial recognition of an asset<br />

or liability in a transaction that is not a business combination and, at the time of the transaction, affects neither the accounting<br />

profit nor taxable profit or loss; or<br />

• When the deductible temporary difference is associated with investments in subsidiaries, associates or interests in joint ventures,<br />

in which case a deferred tax asset is only recognised to the extent that it is probable that the temporary difference will reverse in<br />

the foreseeable future and taxable profit will be available against which the temporary difference can be utilised.<br />

The carrying amount of deferred income tax assets is reviewed at each balance sheet date and reduced to the extent that it is no<br />

longer probable that sufficient taxable profit will be available to allow all or part of the deferred income tax asset to be utilised.<br />

Unrecognised deferred income tax assets are reassessed at each balance sheet date and are recognised to the extent that it has<br />

become probable that future taxable profit will allow the deferred tax asset to be recovered.<br />

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<br />

or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted at the balance sheet date.<br />

Income taxes relating to items recognised directly in equity are recognised in equity and not in the income statement.<br />

Deferred tax assets and deferred tax liabilities are offset only if a legally enforceable right exists to set off current tax assets against<br />

current tax liabilities and the deferred tax assets and liabilities relate to the same taxable entity and the same taxation authority.<br />

Profit Before Taxation for the Year 489,381 262,407<br />

Prima Facie Taxation at 28% NZ, 30% Australia, 27% USA, 16.5% Hong Kong, 25% China, 25% Europe 132,733 72,217<br />

(31 March 2021 28% NZ, 30% Australia, 27% USA, 16.5% Hong Kong, 25% China, 25% Europe)<br />

Adjusted by the Tax Effect of:<br />

Prior Year Tax Adjustments - (286)<br />

Non-deductible Expenses 1,251 2,366<br />

AGGREGATE INCOME TAX EXPENSE 133,984 74,297<br />

Current Tax 128,650 77,803<br />

Deferred Tax 5,334 (3,506)<br />

133,984 74,297<br />

IMPUTATION CREDIT ACCOUNT<br />

THE AMOUNT OF CREDITS AVAILABLE FOR USE IN SUBSEQUENT REPORTING PERIODS 61,984 66,505<br />

<strong>2022</strong><br />

$000<br />

<strong>2022</strong><br />

$000<br />

2021<br />

$000<br />

2021<br />

$000<br />

7 INCOME TAX (CONTINUED)<br />

Recognised Deferred Tax Assets and Liabilities<br />

(i) Deferred Tax Assets<br />

Balance Sheet<br />

<strong>2022</strong><br />

$000<br />

2021<br />

$000<br />

Income Statement<br />

Doubtful Debts 956 1,025 67 (77)<br />

Provisions:<br />

<strong>Annual</strong> Leave 7,462 6,059 (1,440) (1,063)<br />

Long Service Leave 4,288 3,717 (613) (681)<br />

Bonuses 22,255 10,675 (11,628) (3,926)<br />

Superannuation 10 5 (5) 11<br />

Other 5,750 7,742 1,817 (459)<br />

Lease NZ IFRS 16 7,119 4,920 (2,234) (1,878)<br />

Unrealised FX Gains / Losses 175 146 (30) (280)<br />

Foreign Exchange Impact - - (190) (930)<br />

Gross Deferred Tax Assets 48,015 34,289<br />

Set-off of Deferred Tax Liabilities 30,775 15,828<br />

NET DEFERRED TAX ASSETS PER BALANCE SHEET 17,240 18,461<br />

(ii) Deferred Tax Liabilities<br />

Deferred Tax on Property, Plant & Equipment 41,438 22,361 19,607 6,343<br />

Customer Lists 21 38 (17) (566)<br />

Gross Deferred Tax Liabilities 41,459 22,399<br />

Set-off of Deferred Tax Liabilities Against Assets 30,775 15,828<br />

NET DEFERRED TAX LIABILITIES PER BALANCE SHEET 10,684 6,571<br />

DEFERRED TAX (INCOME) / EXPENSE 5,334 (3,506)<br />

8 DIVIDENDS PAID AND PROPOSED<br />

RECOGNISED AMOUNTS<br />

Declared and Paid During the Year to Parent Shareholders<br />

Final Fully Imputed Dividend for 2021: 45.0 cents (2020: 34.0 cents) 45,314 34,237<br />

Interim Fully Imputed Dividend for <strong>2022</strong>: 55.0 cents (2021: 30.0 cents) 55,385 30,210<br />

<strong>2022</strong><br />

$000<br />

<strong>2022</strong><br />

$000<br />

2021<br />

$000<br />

2021<br />

$000<br />

100,699 64,447<br />

UNRECOGNISED AMOUNTS<br />

Final Fully Imputed Dividend for <strong>2022</strong>: 87.0 cents (2021: 45.0 cents) 87,608 45,314<br />

After the balance date, the above unrecognised dividends were approved by Directors’ resolution dated 25 May <strong>2022</strong>. These amounts<br />

have not been recognised as a liability in <strong>2022</strong> but will be brought to account in 2023.


90 91<br />

Notes to the FINANCIAL STATEMENTS<br />

Notes to the FINANCIAL STATEMENTS<br />

9 EARNINGS PER SHARE<br />

Basic earnings per share is calculated as net profit attributable to members of the Parent, adjusted to exclude any costs of servicing<br />

equity (other than dividends), divided by the weighted average number of ordinary shares.<br />

Diluted earnings per share is calculated as net profit attributable to members of the parent, adjusted for:<br />

• Costs of servicing equity (other than dividends);<br />

• The after tax effect of dividends and interest associated with dilutive potential ordinary shares that have been recognised as<br />

expenses; and<br />

• Other non-discretionary changes in revenues or expenses during the period that would result from the dilution of potential<br />

ordinary shares;<br />

divided by the weighted average number of ordinary shares and dilutive potential ordinary shares.<br />

There was no dilution of earnings per share in <strong>2022</strong> (nil 2021).<br />

The following reflects the income used in the basic and diluted earnings per share computations:<br />

Net profit from continuing operations attributable to ordinary equity holders of the Parent.<br />

11 CURRENT ASSETS – TRADE DEBTORS<br />

Trade debtors are non-interest bearing and are generally on 7–30 day terms. They are recognised initially at fair value and subsequently<br />

measured at amortised cost using the effective interest method, less an allowance for impairment. Trade debtors includes amounts<br />

for services performed but unbilled at balance date.<br />

Collectability of trade debtors is reviewed on an ongoing basis. Debts that are known to be uncollectible are written off when identified.<br />

The Group applies a simplified approach in calculating expected credit losses. Therefore, the Group does not track changes in credit<br />

risk, but instead recognises a loss allowance based on lifetime expected credit losses at each reporting date. This is based on historical<br />

credit loss experience, adjusted for forward-looking factors specific to the debtors and the economic environment. Trade debtors are<br />

written off as bad debts when all avenues of collection have been exhausted. Due to the short-term nature of these debtors, their<br />

carrying value is assumed to approximate fair value.<br />

Trade Debtors 810,333 493,862<br />

Allowance for Impairment Loss (4,765) (4,616)<br />

<strong>2022</strong><br />

$000<br />

2021<br />

$000<br />

<strong>2022</strong><br />

$000<br />

2021<br />

$000<br />

Movements in the allowance for impairment were as follows:<br />

805,568 489,246<br />

FOR BASIC AND DILUTED EARNINGS PER SHARE<br />

Net Profit Attributable to Ordinary Equity Holders of the Parent 355,397 188,110<br />

Balance at 1 April 4,616 4,798<br />

Charge for the Year 4,333 2,527<br />

Amounts Written Off (4,184) (2,709)<br />

WEIGHTED AVERAGE NUMBER OF SHARES Thousands Thousands<br />

BALANCE AT 31 MARCH 4,765 4,616<br />

Weighted Number of Ordinary Shares for Basic Earnings Per Share 100,699 100,699<br />

Cents<br />

Cents<br />

Basic and Diluted Earnings Per Share: Total Operations 352.93 186.81<br />

At 31 March, the ageing analysis of trade receivables is as follows:<br />

$000 Total<br />

0-30<br />

Days<br />

31-60<br />

Days<br />

61-90<br />

Days<br />

PDNI*<br />

61-90<br />

Days<br />

CI#<br />

+91<br />

Days<br />

PDNI*<br />

+91<br />

Days<br />

CI#<br />

10 CURRENT ASSETS – CASH AND CASH EQUIVALENTS<br />

Cash and cash equivalents in the balance sheet comprise cash at bank and in hand and short-term deposits with an original maturity<br />

of three months or less that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes<br />

in value.<br />

Cash at bank earns interest at floating rates based on daily bank deposit rates. The carrying amounts of cash and cash equivalents<br />

represent fair value.<br />

Reconciliation to Cash Flow Statement<br />

For the purposes of the Cash Flow Statement, cash and cash equivalents comprise the following at 31 March:<br />

<strong>2022</strong> 810,333 670,982 109,050 17,673 786 7,863 3,979<br />

2021 493,862 381,061 91,325 13,199 605 3,661 4,011<br />

* Past due not impaired (PDNI)<br />

# Considered Impaired (CI)<br />

Credit risk management policy is disclosed in note 3.<br />

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<br />

transfer or factor receivables.<br />

<strong>2022</strong><br />

$000<br />

2021<br />

$000<br />

12 CURRENT ASSETS – OTHER RECEIVABLES<br />

Cash at Bank and in Hand 202,258 139,555<br />

Bank Overdrafts - -<br />

AS PER CASH FLOW STATEMENT 202,258 139,555<br />

Sundry Prepayments and Other Receivables 48,563 89,531<br />

CARRYING AMOUNT OF OTHER RECEIVABLES 48,563 89,531<br />

<strong>2022</strong><br />

$000<br />

2021<br />

$000


92 93<br />

Notes to the FINANCIAL STATEMENTS<br />

Notes to the FINANCIAL STATEMENTS<br />

13 INVESTMENT IN SUBSIDIARY COMPANIES<br />

Principal Subsidiary Companies all with<br />

31 March Balance Dates Include: Principal Activity<br />

Country of<br />

Incorporation<br />

<strong>2022</strong><br />

Shareholding<br />

2021<br />

Shareholding<br />

Daily Freight (1994) Ltd Domestic Freight Forwarding New Zealand 100.0% 100.0%<br />

Owens Transport Ltd Domestic Freight Forwarding New Zealand 100.0% 100.0%<br />

<strong>Mainfreight</strong> Air & Ocean Ltd Air & Ocean Freight Forwarding New Zealand 100.0% 100.0%<br />

<strong>Mainfreight</strong> Distribution Pty Ltd Domestic Freight Forwarding Australia 100.0% 100.0%<br />

Owens Transport Pty Ltd Domestic Freight Forwarding Australia 100.0% 100.0%<br />

<strong>Mainfreight</strong> Air & Ocean Pty Ltd Air & Ocean Freight Forwarding Australia 100.0% 100.0%<br />

<strong>Mainfreight</strong> Holdings Pty Ltd Holding Company Australia 100.0% 100.0%<br />

<strong>Mainfreight</strong> Finance Australia Holding Partnership Australia 100.0% 100.0%<br />

Carotrans International Inc. Air & Ocean Freight Forwarding U.S.A. 100.0% 100.0%<br />

<strong>Mainfreight</strong>, Inc.<br />

Domestic & Air & Ocean Freight U.S.A. 100.0% 100.0%<br />

Forwarding<br />

<strong>Mainfreight</strong> USA Partnership Holding Partnership U.S.A. 100.0% 100.0%<br />

<strong>Mainfreight</strong> Chile SpA Air & Ocean Freight Forwarding Chile 100.0% 100.0%<br />

<strong>Mainfreight</strong>, Inc. Air & Ocean Freight Forwarding Canada 100.0% 100.0%<br />

<strong>Mainfreight</strong> Mexico S de RL de CV Air & Ocean Freight Forwarding Mexico 100.0% 100.0%<br />

<strong>Mainfreight</strong> Hong Kong Ltd Air & Ocean Freight Forwarding Hong Kong 100.0% 100.0%<br />

<strong>Mainfreight</strong> China Ltd Air & Ocean Freight Forwarding Hong Kong 100.0% 100.0%<br />

<strong>Mainfreight</strong> Int.Logistics (Shanghai) Co Ltd Air & Ocean Freight Forwarding China 100.0% 100.0%<br />

Mainline Global Logistics Pte Ltd Air & Ocean Freight Forwarding Singapore 100.0% 100.0%<br />

<strong>Mainfreight</strong> Global Taiwan Ltd Air & Ocean Freight Forwarding Taiwan 100.0% 100.0%<br />

<strong>Mainfreight</strong> (Thailand) Co Ltd Air & Ocean Freight Forwarding Thailand 100.0% 100.0%<br />

<strong>Mainfreight</strong> Vietnam Company Ltd Air & Ocean Freight Forwarding Vietnam 100.0% 100.0%<br />

<strong>Mainfreight</strong> Logistics (Malaysia) Sdn Bhd Air & Ocean Freight Forwarding Malaysia 100.0% 100.0%<br />

<strong>Mainfreight</strong> Japan Co Ltd Air & Ocean Freight Forwarding Japan 100.0% 100.0%<br />

<strong>Mainfreight</strong> Korea Ltd Air & Ocean Freight Forwarding South Korea 100.0% 100.0%<br />

PT <strong>Mainfreight</strong> Air Ocean Indonesia * Air & Ocean Freight Forwarding Indonesia 100.0% n/a<br />

<strong>Mainfreight</strong> Netherlands Coop UA Holding Entity Netherlands 100.0% 100.0%<br />

<strong>Mainfreight</strong> Netherlands International BV Holding Entity Netherlands 100.0% 100.0%<br />

<strong>Mainfreight</strong> Holding BV Holding Entity Netherlands 100.0% 100.0%<br />

Debo Montferland BV Holding Entity Netherlands 100.0% 100.0%<br />

<strong>Mainfreight</strong> Customs Clearance BV Domestic Freight Forwarding Netherlands 100.0% 100.0%<br />

<strong>Mainfreight</strong> Forwarding Netherlands BV Domestic Freight Forwarding Netherlands 100.0% 100.0%<br />

<strong>Mainfreight</strong> Transport Netherlands BV Domestic Freight Forwarding Netherlands 100.0% 100.0%<br />

<strong>Mainfreight</strong> Crossdock BV Domestic Freight Forwarding Netherlands 100.0% 100.0%<br />

<strong>Mainfreight</strong> BV Air & Ocean Freight Forwarding Netherlands 100.0% 100.0%<br />

Wim Bosman C.E.E. BV Domestic Freight Forwarding Netherlands 100.0% 100.0%<br />

<strong>Mainfreight</strong> Logistic Services Netherlands BV Domestic Freight Forwarding Netherlands 100.0% 100.0%<br />

<strong>Mainfreight</strong> Logistic Services Geleen BV Domestic Freight Forwarding Netherlands 100.0% 100.0%<br />

SystemPlus Logistics Services BV Domestic Freight Forwarding Netherlands 100.0% 100.0%<br />

<strong>Mainfreight</strong> Support Belgium NV Group Services Belgium 100.0% 100.0%<br />

SystemPlus Logistics Services NV Domestic Freight Forwarding Belgium 100.0% 100.0%<br />

<strong>Mainfreight</strong> Forwarding Belgium NV Domestic Freight Forwarding Belgium 100.0% 100.0%<br />

<strong>Mainfreight</strong> Transport Belgium BVBA Domestic Freight Forwarding Belgium 100.0% 100.0%<br />

<strong>Mainfreight</strong> Logistic Services Belgium NV Domestic Freight Forwarding Belgium 100.0% 100.0%<br />

<strong>Mainfreight</strong> N.V. Air & Ocean Freight Forwarding Belgium 100.0% 100.0%<br />

<strong>Mainfreight</strong> France SA Domestic Freight Forwarding France 100.0% 100.0%<br />

<strong>Mainfreight</strong> SAS Air & Ocean Freight Forwarding France 100.0% 100.0%<br />

<strong>Mainfreight</strong> Poland Sp ZOO Domestic Freight Forwarding Poland 100.0% 100.0%<br />

<strong>Mainfreight</strong> Sp ZOO Air & Ocean Freight Forwarding Poland 100.0% 100.0%<br />

<strong>Mainfreight</strong> S.R.L. Domestic Freight Forwarding Romania 100.0% 100.0%<br />

<strong>Mainfreight</strong> Russ LLC # Air & Ocean Freight Forwarding Russia 100.0% 100.0%<br />

<strong>Mainfreight</strong> GmbH Air & Ocean Freight Forwarding Germany 100.0% 100.0%<br />

<strong>Mainfreight</strong> Ukraine LLC Domestic Freight Forwarding Ukraine 100.0% 100.0%<br />

<strong>Mainfreight</strong> UK Ltd<br />

Domestic & Air & Ocean Freight U.K. 100.0% 100.0%<br />

Forwarding<br />

<strong>Mainfreight</strong> Italy SRL<br />

Domestic & Air & Ocean Freight Italy 100.0% 100.0%<br />

Forwarding<br />

<strong>Mainfreight</strong> Spain, S.L.U. Air & Ocean Freight Forwarding Spain 100.0% 100.0%<br />

* PT <strong>Mainfreight</strong> Air Ocean Indonesia was incorporated on 18 February <strong>2022</strong> but will not commence trading until the 2023 financial year.<br />

#<br />

<strong>Mainfreight</strong> Russ LLC ceased operations in March <strong>2022</strong>.<br />

14 NON-CURRENT ASSETS – PROPERTY, PLANT AND EQUIPMENT<br />

Property, plant and equipment, except land, is stated at historical cost less accumulated depreciation and any accumulated<br />

impairment losses. Such cost includes the cost of replacing parts that are eligible for capitalisation when the cost of replacing the<br />

parts is incurred. All other repairs and maintenance are recognised in the income statement as incurred.<br />

Land is measured at fair value, based on valuations by external independent valuers who apply the International Valuation Standards<br />

Committee International Valuation Standards, less any impairment losses recognised after the date of the revaluation. Land is revalued<br />

at least every three years with the last valuation done as at 31 March <strong>2022</strong>.<br />

Depreciation is calculated on a straight-line basis at rates calculated to allocate the assets’ cost, less estimated residual value, over their<br />

estimated useful lives as follows:<br />

Per annum<br />

Land<br />

not depreciated<br />

Buildings 1.33% to 3.00%<br />

Leasehold Improvements<br />

10% or life of lease if shorter<br />

Plant, Vehicles and Equipment 8% to 36%<br />

The assets’ residual values, useful lives and depreciation methods are reviewed, and adjusted if appropriate, at each balance date.<br />

Revaluations of Land<br />

Revaluations increment is credited to other comprehensive income and accumulated in the asset revaluation reserve except to the<br />

extent that it reverses a revaluation decrease of the same asset previously recognised in the income statement, in which case the<br />

increase is recognised in the income statement.<br />

Any revaluation decrement is recognised in the income statement, except to the extent that it offsets a previous revaluation increase<br />

for the same asset, in which case the decrease is debited directly to other comprehensive income to the extent of the credit balance<br />

existing in the revaluation reserve for that asset.<br />

Disposal<br />

An item of property, plant and equipment is de-recognised upon disposal or when no further future economic benefits are expected<br />

from its use or disposal.<br />

Any gain or loss arising on de-recognition of the asset (calculated as the difference between the net disposal proceeds and the carrying<br />

amount of the asset) is included in the income statement in the year the asset is de-recognised.<br />

(a) Reconciliation of Carrying Amounts at the Beginning and End of the Year<br />

Year Ended<br />

31 March <strong>2022</strong><br />

Land<br />

$000<br />

Buildings<br />

$000<br />

Leasehold<br />

Improvements<br />

$000<br />

Plant,<br />

Vehicles<br />

&<br />

Equipment<br />

$000<br />

Leased<br />

Plant,<br />

Vehicles &<br />

Equipment<br />

$000<br />

Work in<br />

Progress<br />

$000<br />

At 1 April 2021,<br />

Net of Accumulated Depreciation 354,444 371,866 19,624 125,835 30,761 15,633 918,163<br />

Additions 8,765 5,064 7,041 53,417 8,068 93,487 175,842<br />

Disposals (9) (41) (45) (3,622) (7) - (3,724)<br />

Transfer Between Asset<br />

Classifications *** - 4,278 - 5,338 - (9,751) (135)<br />

Revaluations 83,776 - - - - - 83,776<br />

<strong>Annual</strong> Depreciation - (12,700) (3,343) (29,692) (9,098) - (54,833)<br />

Foreign Exchange Impact (3,205) (2,935) (14) (1,448) (1,023) (254) (8,879)<br />

AT 31 MARCH <strong>2022</strong>,<br />

NET OF ACCUMULATED<br />

DEPRECIATION 443,771 365,532 23,263 149,828 28,701 99,115 1,110,210<br />

Cost or Fair Value 443,771 525,135 54,516 355,692 54,511 99,115 1,532,740<br />

Accumulated Depreciation - (159,603) (31,253) (205,864) (25,810) - (422,530)<br />

NET CARRYING AMOUNT 443,771 365,532 23,263 149,828 28,701 99,115 1,110,210<br />

***The transfer between asset classification of $135,000 comprises transfers out of fixed assets to software intangibles.<br />

Work in progress net carrying amount included $92,622,000 for property (2021 $9,632,000).<br />

Total<br />

$000


94 95<br />

Notes to the FINANCIAL STATEMENTS<br />

Notes to the FINANCIAL STATEMENTS<br />

14 NON-CURRENT ASSETS – PROPERTY, PLANT AND EQUIPMENT (CONTINUED)<br />

Year Ended<br />

31 March 2021<br />

Land<br />

$000<br />

Buildings<br />

$000<br />

Leasehold<br />

Improvements<br />

$000<br />

Plant,<br />

Vehicles<br />

& Equipment<br />

$000<br />

Leased<br />

Plant,<br />

Vehicles<br />

& Equipment<br />

$000<br />

Work in<br />

Progress<br />

$000<br />

At 1 April 2020,<br />

Net of Accumulated<br />

Depreciation 269,737 294,658 18,931 115,007 3,438 74,804 776,575<br />

Adjustment to opening<br />

balance ### - - - - 7,382 - 7,382<br />

Additions 26,155 2,512 5,039 36,364 2,117 31,861 104,048<br />

Disposals - (157) - (2,733) (106) (533) (3,529)<br />

Transfer Between Asset<br />

Classifications *** - 86,528 - 5,151 29,823 (91,679) 29,823<br />

Revaluations 56,285 - - - - - 56,285<br />

<strong>Annual</strong> Depreciation - (11,978) (3,181) (25,363) (8,687) - (49,209)<br />

Foreign Exchange<br />

Impact 2,267 303 (1,165) (2,591) (3,206) 1,180 (3,212)<br />

AT 31 MARCH 2021,<br />

NET OF ACCUMULATED<br />

DEPRECIATION 354,444 371,866 19,624 125,835 30,761 15,633 918,163<br />

Cost or Fair Value 354,444 522,713 48,515 321,184 48,632 15,633 1,311,121<br />

Accumulated<br />

Depreciation - (150,847) (28,891) (195,349) (17,871) - (392,958)<br />

NET CARRYING AMOUNT 354,444 371,866 19,624 125,835 30,761 15,633 918,163<br />

###<br />

Last year on 1 April 2020, a further $7,382,000 was added to Leased Vehicles due to the inclusion of the final balloon payment for<br />

those vehicles. A corresponding liability was recognised as an Asset Finance Loan as set out in note 19.<br />

***Last year, a reclassification of $29,823,000 from NZ IFRS 16 Right of Use Lease Assets to leased vehicles was made effective 1 April<br />

2020 - see note 20.<br />

At 31 March <strong>2022</strong> independent registered valuers performed a valuation of the Group's New Zealand and overseas land, buildings<br />

and leasehold improvements.<br />

A summary of the <strong>2022</strong> valuations are:<br />

Registered Valuer<br />

Country<br />

Total<br />

$000<br />

Weighted Average<br />

Capitalisation Rate Valuation <strong>2022</strong><br />

Extensor Advisory Ltd New Zealand 5.47% NZ$618,370,000<br />

Jones Lang LaSalle Australia 4.03% AU$289,880,000<br />

DTZ Zadelhoff V.O.F. Netherlands 6.32% EU€23,823,291<br />

DTZ Zadelhoff BE Belgium 7.35% EU€28,750,397<br />

Galtier Expertise France 6.75% EU€4,493,753<br />

Nica Violeta Cornelia Romania 10.30% EU€6,247,023<br />

GROUP TOTAL<br />

NZ$1,031,956,000<br />

14 NON-CURRENT ASSETS – PROPERTY, PLANT AND EQUIPMENT (CONTINUED)<br />

The element of this valuation related to land has been recorded in the financial statements resulting in the revaluation of land by<br />

$236,037,000 (2021 $153,378,000) above cost. In addition a deferred tax liability of $27,300,000 (2021 $12,284,000) was recorded resulting<br />

in a revaluation reserve of $208,737,000 (2021 $141,094,000).<br />

The element of this valuation related to buildings has not been recorded in the financial statements. If it had been recorded a<br />

revaluation in buildings of $223,119,000 (2021 $190,152,000) would have occurred. In addition, a deferred tax liability of $21,484,000 (2021<br />

$14,515,000) would have needed to be recorded resulting in an increase in the revaluation reserve of $201,635,000 (2021 $175,637,000).<br />

In determining the fair value of land, the valuers have considered relevant general and economic factors and in particular have<br />

investigated recent sales and leasing transactions of comparable properties that have occurred in the relevant locations within which<br />

the assets sit. The valuers have used two principal approaches which are a capitalisation analysis and a direct comparison approach.<br />

The valuations of land have been determined using some inputs that are not observable in the market, namely capitalisation rate and<br />

the cashflows, and as a result these are considered level 3 valuations.<br />

Included in the Group book values above but not in the valuations are Leasehold Improvements of $17,642,000 (2021 $17,505,000).<br />

There were no properties held for sale included in these valuations (2021 nil).<br />

Leased plant, vehicles and equipment is pledged as security for the related asset finance loans.<br />

(b) Carrying Amounts if Land Was Measured at Cost Less Accumulated Impairment<br />

If Land, including properties for sale, was measured using the cost model the carrying amounts would be as follows:<br />

Cost 207,734 201,066<br />

Accumulated Impairment - -<br />

NET CARRYING AMOUNT 207,734 201,066<br />

15 NON-CURRENT ASSETS – INTANGIBLE ASSETS AND GOODWILL<br />

(i) Goodwill<br />

Goodwill acquired in a business combination is initially measured at cost being the excess of the cost of the business combination<br />

over the Group’s interest in the net fair value of the acquiree’s identifiable assets, liabilities and contingent liabilities.<br />

Following initial recognition, goodwill is measured at cost less any accumulated impairment losses.<br />

For the purpose of impairment testing, goodwill acquired in a business combination is, from the acquisition date, allocated to each<br />

of the Group’s cash-generating units, or groups of cash-generating units, that are expected to benefit from the synergies of the<br />

combination, irrespective of whether other assets or liabilities of the business acquired are assigned to those units or groups of units.<br />

Each unit or group of units to which the goodwill is so allocated:<br />

• Represents the lowest level within the Group at which the goodwill is monitored for internal management purposes; and<br />

• Is not larger than a segment based on the Group’s operating segments determined in accordance with NZ IFRS 8 Segment<br />

<strong>Report</strong>ing.<br />

Impairment is determined by assessing the recoverable amount of the cash-generating unit (group of cash-generating units), to<br />

which the goodwill relates. When the recoverable amount of the cash-generating unit (group of cash-generating units) is less than the<br />

carrying amount, an impairment loss is recognised. When goodwill forms part of a cash-generating unit (group of cash-generating<br />

units) and an operation within that unit is disposed of, the goodwill associated with the operation disposed of is included in the<br />

carrying amount of the operation when determining the gain or loss on disposal of the operation. Goodwill disposed of in this manner<br />

is measured based on the relative values of the operation disposed of and the portion of cash-generating unit retained.<br />

Impairment losses recognised for goodwill are not subsequently reversed.<br />

<strong>2022</strong><br />

$000<br />

2021<br />

$000


96 97<br />

Notes to the FINANCIAL STATEMENTS<br />

Notes to the FINANCIAL STATEMENTS<br />

15 NON-CURRENT ASSETS – INTANGIBLE ASSETS AND GOODWILL (CONTINUED)<br />

(ii) Intangible Assets<br />

Intangible assets acquired separately or in a business combination are initially measured at cost. The cost of an intangible asset<br />

acquired in a business combination is its fair value as at the date of acquisition. Following initial recognition, intangible assets are<br />

carried at cost less any accumulated amortisation and any accumulated impairment losses. Internally generated intangible assets,<br />

excluding capitalised development costs, are not capitalised and expenditure is recognised in profit or loss in the year in which the<br />

expenditure is incurred.<br />

The useful lives of intangible assets are assessed to be either finite or indefinite. Intangible assets with finite lives are amortised over<br />

the useful life and tested for impairment whenever there is an indication that the intangible asset may be impaired. The amortisation<br />

period and the amortisation method for an intangible asset with a finite useful life are reviewed at least at each financial year‐end.<br />

Changes in the expected useful life or the expected pattern of consumption of future economic benefits embodied in the asset are<br />

accounted for prospectively by changing the amortisation period or method, as appropriate, which is a change in accounting estimate.<br />

The amortisation expense on intangible assets with finite lives is recognised in profit or loss in the expense category consistent with<br />

the function of the intangible asset.<br />

Intangible assets with indefinite useful lives are tested for impairment annually either individually or at the cash‐generating unit<br />

(group of cash-generating units) level. Such intangibles are not amortised. The useful life of an intangible asset with an indefinite life<br />

is reviewed each reporting period to determine whether the indefinite life assessment continues to be supportable. If not, the change<br />

in the useful life assessment from indefinite to finite is accounted for as a change in an accounting estimate and is thus accounted<br />

for on a prospective basis.<br />

(iii) Software<br />

The Group uses both internal and external resources to develop software. An intangible asset arising from expenditure on an internal<br />

project is recognised only when the Group can demonstrate the technical feasibility of completing the intangible asset so that it will<br />

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<br />

benefits, the availability of resources to complete the development and the ability to measure reliably the expenditure attributable to<br />

the intangible asset during its development. Following the initial recognition of the expenditure, the cost model is applied requiring<br />

the asset to be carried at cost less any accumulated amortisation and accumulated impairment losses. Any expenditure so capitalised<br />

is amortised over the period of expected benefit from the related project.<br />

The carrying value of an intangible asset arising from development expenditure is tested for impairment annually when the asset is<br />

not yet available for use, or more frequently when an indication of impairment arises during the reporting period.<br />

A summary of the policies applied to the Group’s software assets is as follows:<br />

Amortisation method used:<br />

Amortised over the period of expected future benefit from the related project on a straight line basis generally from three to ten years.<br />

Internally generated or acquired:<br />

Both.<br />

Impairment testing:<br />

Reviewed annually for impairment indicators and when an impairment indicator has been identified an impairment test is completed.<br />

The amortisation method is reviewed at each balance date.<br />

Gains or losses arising from de-recognition of an intangible asset are measured as the difference between the net disposal proceeds<br />

and the carrying amount of the asset and are recognised in the income statement when the asset is de-recognised.<br />

15 NON-CURRENT ASSETS – INTANGIBLE ASSETS AND GOODWILL (CONTINUED)<br />

(a) Reconciliation of Carrying Amounts at the Beginning and End of the Year<br />

Customer<br />

Year Ended 31 March <strong>2022</strong><br />

Agency<br />

Agreements<br />

$000<br />

Lists /<br />

Rel’ships<br />

$000<br />

***<br />

Software<br />

$000<br />

Goodwill<br />

$000<br />

Total<br />

$000<br />

At 1 April 2021, Net of Accumulated Amortisation 1,557 50 53,510 208,626 263,743<br />

Adjustment for Movement in Exchange Rate 1 - (354) (4,128) (4,481)<br />

Additions - - 17,027 - 17,027<br />

Amortisation (270) (50) (18,171) - (18,491)<br />

Disposals - - (66) - (66)<br />

Transfer Between Asset Classifications - - 135 - 135<br />

AT 31 MARCH <strong>2022</strong>, NET OF ACCUMULATED<br />

AMORTISATION 1,288 - 52,081 204,498 257,867<br />

Cost (Gross Carrying Amount) 6,877 - 161,146 223,631 391,654<br />

Accumulated Amortisation and Impairment (5,589) - (109,065) (19,133) (133,787)<br />

NET CARRYING AMOUNT 1,288 - 52,081 204,498 257,867<br />

Year Ended 31 March 2021<br />

Agency<br />

Agreements<br />

$000<br />

Customer<br />

Lists /<br />

Rel’ships<br />

$000<br />

***<br />

Software<br />

$000<br />

Goodwill<br />

$000<br />

Total<br />

$000<br />

At 1 April 2020, Net of Accumulated Amortisation 2,256 2,322 53,542 226,566 284,686<br />

Adjustment for Movement in Exchange Rate (263) (124) (1,395) (17,940) (19,722)<br />

Additions - - 18,030 - 18,030<br />

Amortisation (436) (2,148) (16,667) - (19,251)<br />

Disposals - - - - -<br />

Transfer Between Asset Classifications - - - - -<br />

AT 31 MARCH 2021, NET OF ACCUMULATED<br />

AMORTISATION 1,557 50 53,510 208,626 263,743<br />

Cost (Gross Carrying Amount) 6,945 27,473 150,669 227,810 412,897<br />

Accumulated Amortisation and Impairment (5,388) (27,423) (97,159) (19,184) (149,154)<br />

NET CARRYING AMOUNT 1,557 50 53,510 208,626 263,743<br />

*** Software included work in progress with a book value at 31 March <strong>2022</strong> of nil (2021 nil). $3,047,000 of the total software net carrying amount was<br />

internally generated, primarily team member costs for the development of new software systems (2021 $3,761,000).


98 99<br />

Notes to the FINANCIAL STATEMENTS<br />

Notes to the FINANCIAL STATEMENTS<br />

15 NON-CURRENT ASSETS – INTANGIBLE ASSETS AND GOODWILL (CONTINUED)<br />

(b) Impairment Tests for Goodwill and Brand Names<br />

(i) Description of the cash generating units and other relevant information<br />

Goodwill acquired through business combinations have been allocated to seven groups of cash generating units (CGUs) for<br />

impairment testing. The recoverable amount per CGU has been determined based on a value in use calculation using cash flow<br />

projections based on financial forecasts approved by senior management covering a four year period. The pre-tax discount rate<br />

applied to cash flow projections per CGU and long-term growth rates used per CGU are as follows:<br />

<strong>2022</strong><br />

Pre-Tax %<br />

Discount<br />

Rate<br />

2021<br />

Pre-Tax %<br />

Discount<br />

Rate<br />

<strong>2022</strong><br />

Long-Term %<br />

Growth<br />

Rate<br />

2021<br />

Long-Term %<br />

Growth<br />

Rate<br />

New Zealand Domestic 9.40% 9.40% 2.00% 2.00%<br />

New Zealand Air & Ocean 9.40% 9.40% 2.00% 2.00%<br />

Australian Domestic 9.70% 9.70% 2.00% 2.00%<br />

Australian Air & Ocean 9.70% 9.70% 2.00% 2.00%<br />

Americas 8.30% 8.30% 2.00% 2.00%<br />

Asia 12.10% 12.10% 2.00% 2.00%<br />

Europe 7.16% 7.16% 2.00% 2.00%<br />

Impairment testing has indicated significant headroom across all CGUs in the prior period and given the growth in EBITDA<br />

across the Group, the Group has relied on the most recent (March 2021) detailed impairment testing calculation of the<br />

recoverable amount for all CGUs in assessing impairment for the current year. Based on an analysis of events that have occurred<br />

and circumstances that have changed since the most recent recoverable amount calculation, the likelihood of impairment is<br />

considered remote.<br />

(ii) Carrying amount of goodwill and brand names allocated to each group of cash generating units<br />

New Zealand Domestic 12,215 12,215<br />

New Zealand Air & Ocean 8,549 8,549<br />

Australian Domestic 5,444 5,497<br />

Australian Air & Ocean 16,635 16,816<br />

Americas 65,912 65,783<br />

Asia 10,092 10,092<br />

Europe 85,651 89,674<br />

204,498 208,626<br />

(iii) Key assumptions used in value in use calculations for cash generating units (CGUs)<br />

The calculation of value in use for all CGUs is most sensitive to the following assumptions; EBITDA (adjusted), discount rates and<br />

growth rates used.<br />

EBITDA (adjusted) is based on the average achieved in the last twelve months allowing for expected efficiency, sales and<br />

utilisation gains.<br />

Discount rates reflect management's estimate of the time value of money and the risks specific to each unit.<br />

For the purposes of impairment testing a terminal growth rate has been used for all segments based on the long-term industry<br />

and country averages.<br />

(iv) Sensitivity to changes in assumptions<br />

With regard to the assessment of the value in use for all CGUs, management believes that no reasonably possible change in any<br />

of the above key assumptions would cause the carrying values of the units to materially exceed its recoverable amount.<br />

<strong>2022</strong><br />

$000<br />

2021<br />

$000<br />

16 EMPLOYEE ENTITLEMENTS<br />

(i) Wages, Salaries, and <strong>Annual</strong> Leave<br />

Liabilities for wages and salaries, including non-monetary benefits and annual leave expected to be settled within 12 months of<br />

the reporting date are recognised in respect of employees' services up to the reporting date. They are measured at the amounts<br />

expected to be paid when the liabilities are settled. Liabilities for non-accumulating sick leave are recognised when the leave is<br />

taken and are measured at the rates paid or payable.<br />

(ii) Long Service Leave<br />

The liability for long service leave is recognised and measured as the present value of expected future payments to be made<br />

in respect of services provided by employees up to the reporting date using the projected unit credit method. Consideration<br />

is given to expected future wage and salary levels, experience of employee departures, and periods of service. Expected future<br />

payments are discounted using market yields at the reporting date on national government bonds with terms to maturity and<br />

currencies that match, as closely as possible, the estimated future cash outflows.<br />

CURRENT<br />

<strong>2022</strong><br />

$000<br />

2021<br />

$000<br />

NON-CURRENT<br />

<strong>Annual</strong> Leave 44,325 36,941 - -<br />

Bonus Accrual 94,717 43,595 - -<br />

Long Service Leave 13,263 11,461 1,539 1,241<br />

Defined Benefit Pension Scheme - - 335 789<br />

Other - - 645 892<br />

17 PROVISIONS<br />

<strong>2022</strong><br />

$000<br />

2021<br />

$000<br />

152,305 91,997 2,519 2,922<br />

Provisions are recognised when the Group has a present obligation (legal or constructive) as a result of a past event, it is probable<br />

that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be<br />

made of the amount of the obligation. When the the Group expects some or all of a provision to be reimbursed, for example under<br />

an insurance contract, the reimbursement is recognised as a separate asset but only when the reimbursement is virtually certain.<br />

The expense relating to any provision is presented in the income statement net of any reimbursement.<br />

Provisions are measured at the present value of management’s best estimate of the expenditure required to settle the present<br />

obligation at the balance sheet date. If the effect of the time value of money is material, provisions are discounted using a current<br />

pre-tax rate that reflects the time value of money and the risks specific to the liability. The increase in the provision resulting from the<br />

passage of time is recognised in finance costs.<br />

There were no significant provisions in the <strong>2022</strong> year (2021 nil).<br />

18 TRADE CREDITORS AND ACCRUALS<br />

Trade payables and other payables are carried at amortised cost. They represent liabilities for goods and services provided to the<br />

Group prior to the end of the balance date that are unpaid and arise when the Group becomes obliged to make future payments in<br />

respect of the purchase of these goods and services.<br />

The amounts are unsecured and are usually paid within 30 days of recognition. Due to their short term nature they are not discounted.<br />

CURRENT LIABILITIES<br />

Trade Creditors & Accruals 562,004 412,826<br />

<strong>2022</strong><br />

$000<br />

2021<br />

$000


100 101<br />

Notes to the FINANCIAL STATEMENTS<br />

Notes to the FINANCIAL STATEMENTS<br />

19 INTEREST-BEARING LOANS AND BORROWINGS<br />

All loans and borrowings are initially recognised at the fair value of the consideration received less directly attributable transaction<br />

costs. After initial recognition, interest-bearing loans and borrowings are subsequently measured at amortised cost using the effective<br />

interest method. Fees paid on the establishment of loan facilities that are yield related are included as part of the carrying amount<br />

of the loans and borrowings. Borrowings are classified as current liabilities unless the Group has an unconditional right to defer<br />

settlement of the liability for at least 12 months after the balance sheet date.<br />

Borrowing Costs<br />

Borrowing costs are recognised as an expense when incurred unless funding costs have been incurred which are directly attributable<br />

to the acquisition, construction, or production of a qualifying asset in which case funding costs are included within the cost of the<br />

asset. Capitalisation of borrowing costs cease when substantially all the activities necessary to prepare the qualifying asset for its<br />

intended use or sale are complete. Borrowing costs of $199,874 were capitalised in <strong>2022</strong> (2021 $203,707). The capitalisation rate was<br />

1.55% (2021 1.36%).<br />

The loans are identified as follows:<br />

Bank Term Loans 176,005 210,000<br />

Asset Finance Loans 27,321 31,766<br />

Bank - -<br />

203,326 241,766<br />

Presented in the balance sheet as:<br />

Current Asset Finance Loans 8,841 9,198<br />

Current Bank - -<br />

Non-current Asset Finance Loans 18,480 22,568<br />

Non-current Bank Loan 176,005 210,000<br />

203,326 241,766<br />

A long-term revolving facility of NZ$100,000,000 with the Westpac Banking Corporation (Westpac) was established on 6 June 2014<br />

expiring on 4 April 2026.<br />

A long-term revolving facility of NZ$30,000,000 plus EU€35,000,000 with the Commonwealth Bank of Australia (CBA) was established<br />

on 6 June 2014 expiring on 4 April 2026.<br />

A long-term revolving facility of NZ$80,000,000 plus EU€30,000,000 with the Hongkong and Shanghai Banking Corporation (HSBC)<br />

was established on 5 June 2014 expiring on 4 April 2026.<br />

A long-term revolving facility of NZ$30,000,000 plus EU€10,000,000 with the MUFG Bank (MUFG) was established on 5 June 2014<br />

expiring on 4 April 2024.<br />

A long-term revolving facility of EU€40,000,000 with ING Belgium NV/SA (ING) was established on 15 August 2017 expiring on 4 April<br />

2026.<br />

A long-term revolving facility of NZ$70,000,000 with the Bank of China (BOC) was established on 25 July 2019 expiring on 4 April 2026.<br />

All facilities operate under a negative pledge and cross company guarantees.<br />

The facilities allow the borrowing Group to offset deposits against borrowings when calculating indebtedness for covenant compliance.<br />

These loan facilities are at a floating interest rate. Banking covenants remain unchanged. Debt approximates fair value due to floating<br />

nature of current drawdowns.<br />

Interest was payable during the year at the average rate of 1.48% per annum (2021 1.51%).<br />

The Asset Finance Loans relate to the financing of vehicles and are typically repayable in equal instalments over 5 to 7 years.<br />

Asset Finance Loans, which transfer to the Group substantially all the risks and benefits incidental to ownership of the leased item,<br />

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<br />

payments. Lease payments are apportioned between the finance charges and reduction of the liability so as to achieve a constant<br />

rate of interest on the remaining balance of the liability. Finance charges are recognised as an expense in profit or loss.<br />

<strong>2022</strong><br />

$000<br />

<strong>2022</strong><br />

$000<br />

2021<br />

$000<br />

2021<br />

$000<br />

20 LEASES<br />

The determination of whether an arrangement is or contains a lease is based on the substance of the arrangement and requires an<br />

assessment of whether the fulfilment of the arrangement is dependent on the use of a specific asset or assets and the arrangement<br />

conveys a right to use the asset.<br />

NZ IFRS 16 Leases<br />

A lessee is in essence required to:<br />

(i) recognise a right of use assets and a lease liability for each lease on the balance sheet.<br />

The liability is initially measured at the present value of future minimum lease payments for the lease term. The right of use asset<br />

reflects the lease liability, initial direct costs, any lease payments made before the commencement date of the lease less any<br />

lease incentives.<br />

(ii) recognise depreciation of right of use assets and interest on lease liabilities in the income statement over the lease term.<br />

The lease term includes the period covered by optional rights to extend lease periods where the exercise of that option is<br />

reasonably certain.<br />

(iii) separate the total amount of cash paid into a principal portion (presented within financing activities) and interest portion<br />

(which the Group presents in operating activities) in the cash flow statement.<br />

Leases comprise:<br />

• Land and buildings with arm’s length third parties on normal commercial terms. The properties are used in all three activity types.<br />

• Vehicles and equipment with arm’s length third parties on normal commercial terms. The equipment is used in all three activity types.<br />

Property leases are often negotiated with rights of renewal in order that we have flexibility in location and size of premises to cater for<br />

future growth; whilst ensuring certainty of future tenure.<br />

At balance date the Group had the following NZ IFRS 16 Lease Right of Use Assets and Lease Liabilities for those Right of Use Assets:<br />

Year Ended 31 March <strong>2022</strong><br />

Right of Use<br />

Lease Assets<br />

NZ IFRS 16<br />

<strong>2022</strong><br />

$000<br />

Right of Use<br />

Lease Assets<br />

NZ IFRS 16<br />

2021<br />

$000<br />

Lease<br />

Liabilities<br />

NZ IFRS 16<br />

<strong>2022</strong><br />

$000<br />

Lease<br />

Liabilities<br />

NZ IFRS 16<br />

2021<br />

$000<br />

Opening Book Value 567,956 615,250 (585,434) (626,862)<br />

Transfer Between Asset / Liability Classifications (see below) - (29,823) - 30,057<br />

Additions 154,131 121,069 (154,060) (121,389)<br />

Disposals (2,164) (4,940) 2,141 5,261<br />

Depreciation Charge for the Year (127,289) (113,938) - -<br />

Lease Payments Net of Notional Finance Charge - - 119,336 107,125<br />

Foreign Exchange Impact (6,664) (19,662) 6,782 20,374<br />

CLOSING BOOK VALUE 585,970 567,956 (611,235) (585,434)<br />

Cost 910,952 785,063 (910,952) (791,267)<br />

Accumulated Depreciation (324,982) (217,107) 299,717 205,833<br />

NET CARRYING AMOUNT / NET REPAYMENTS 585,970 567,956 (611,235) (585,434)<br />

Last year, a reclassification of $29,823,000 from NZ IFRS 16 Right of Use Lease assets to leased vehicles was made effective 1 April<br />

2020 - see note 14.<br />

Last year, a reclassification of $30,057,000 from NZ IFRS 16 Lease Liabilities to Asset Finance Loans (note 19) was made effective<br />

1 April 2020 - see below.<br />

Last year, a reclassification of approximately thirty million from right of use asset and lease liabilities to property, plant and<br />

equipment and Asset Finance Loans was made effective 1 April 2020 to more appropriately reflect the substance of the underlying<br />

transactions where control of certain vehicle assets had not passed to the buyer-lessor. The assets are recognised as property, plant<br />

and equipment (see note 14) and depreciated over their useful lives.<br />

A separate financing liability “Asset Finance Loans” (previously described as “Finance Loans”) is recognised at the fair value of the<br />

consideration received and subsequently measured at amortised cost as set out in note 19.


102 103<br />

Notes to the FINANCIAL STATEMENTS<br />

Notes to the FINANCIAL STATEMENTS<br />

20 LEASES (CONTINUED)<br />

NZ IFRS 16 Leases (continued)<br />

Property<br />

$000<br />

<strong>2022</strong> 2021<br />

Other<br />

$000<br />

Right of Use<br />

Lease Assets<br />

<strong>2022</strong><br />

$000<br />

Property<br />

$000<br />

Other<br />

$000<br />

Right of Use<br />

Lease Assets<br />

2021<br />

$000<br />

Opening Book Value 525,846 42,110 567,956 541,806 73,444 615,250<br />

Closing Book Value 537,067 48,903 585,970 525,846 42,110 567,956<br />

Depreciation Charge for the Year 105,779 21,510 127,289 94,326 19,612 113,938<br />

22 RECONCILIATION OF CASH FLOWS WITH REPORTED NET SURPLUS<br />

Net Surplus After Taxation 355,397 188,110<br />

Non-cash Items:<br />

Depreciation and Amortisation 200,613 182,398<br />

(Increase) / Decrease in Deferred Tax Asset 1,221 (3,423)<br />

Increase / (Decrease) in Deferred Tax Liability 4,113 (83)<br />

<strong>2022</strong><br />

$000<br />

2021<br />

$000<br />

561,344 367,002<br />

LEASE LIABILITIES CLASSIFIED IN THE BALANCE SHEET AS:<br />

Current 121,136 118,158<br />

Non-current 490,099 467,276<br />

<strong>2022</strong><br />

$000<br />

2021<br />

$000<br />

611,235 585,434<br />

21 CONTRIBUTED EQUITY<br />

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new shares or options are shown in<br />

equity as a deduction, net of tax, from the proceeds.<br />

<strong>2022</strong><br />

Shares<br />

2021<br />

Shares<br />

Authorised, Issued and Fully Paid Up Capital<br />

Ordinary shares 100,698,548 100,698,548 85,821 85,821<br />

Ordinary shares do not have a par value. All Ordinary shares have equal voting rights and share equally in dividends and any surplus<br />

on winding up to the extent that they are paid up.<br />

Capital Management<br />

When managing capital, the Board of Directors' (the "Board") objective is to ensure the entity continues as a going concern as well as to<br />

maintain optimal returns to shareholders and benefits for other stakeholders. The Board also aims to maintain a capital structure that<br />

ensures the lowest cost of capital available to the entity. The capital structure of the Group consists of Shareholders' Equity and debt.<br />

The Board is periodically reviewing and adjusting the capital structure to take advantage of favourable costs of capital. As the market<br />

is constantly changing, the Board may change the amount of dividends to be paid to shareholders, return capital to shareholders,<br />

issue new shares or sell assets to reduce debt.<br />

The Board has no current plans to issue further shares on the market.<br />

The Board monitors capital through the Group gearing ratio (net debt / net debt and equity).<br />

Total Borrowings (excluding NZ IFRS 16 lease liabilities) 203,326 241,766<br />

Less Cash and Cash Equivalents (202,258) (139,555)<br />

Net Debt 1,068 102,211<br />

Total Equity 1,429,269 1,115,046<br />

NET DEBT AND EQUITY 1,430,337 1,217,257<br />

<strong>2022</strong><br />

$000<br />

<strong>2022</strong><br />

$000<br />

2021<br />

$000<br />

2021<br />

$000<br />

Add / (Less) Movements in Other Working Capital<br />

Items, Net of Effect of Acquisitions:<br />

(Increase) / Decrease in Accounts Receivable (316,323) (68,407)<br />

(Increase) / Decrease in Other Receivables 40,968 (16,402)<br />

Increase / (Decrease) in Accounts Payable 206,559 95,873<br />

Increase / (Decrease) in Interest Payable - (5)<br />

(Increase) / Decrease in Interest Receivable - 1<br />

Increase / (Decrease) in Taxation Payable 10,873 8,413<br />

Increase / (Decrease) in Net GST 2,875 305<br />

Adjustment for Movement in Exchange Rate (1,602) (9,897)<br />

Less Items Classified as Investing Activity:<br />

Net (Surplus) / Deficit on Sale of Fixed Assets (897) (601)<br />

NET CASH INFLOW FROM OPERATING ACTIVITIES 503,797 376,282<br />

Changes in Liabilities arising from financing activities<br />

Asset<br />

Finance<br />

Loans<br />

Current &<br />

Non-current<br />

$000<br />

NZ IFRS 16<br />

Current &<br />

Non-current<br />

$000<br />

Year Ended 31 March <strong>2022</strong><br />

Bank Term<br />

Loan<br />

$000<br />

Bank<br />

Current<br />

$000<br />

Total<br />

$000<br />

At 1 April 2021, Opening Book Value 210,000 - 31,766 585,434 827,200<br />

New Borrowings 68,126 - 6,666 - 74,792<br />

Repayments (94,992) - (9,732) - (104,724)<br />

New Leases - - - 154,060 154,060<br />

Lease Disposals - - - (2,141) (2,141)<br />

Payments Net of Notional Interest Charge - - - (119,336) (119,336)<br />

Foreign Exchange Impact (7,129) - (1,379) (6,782) (15,290)<br />

AT 31 MARCH <strong>2022</strong>, CLOSING BOOK VALUE 176,005 - 27,321 611,235 814,561<br />

Gearing Ratio 0.1% 8.4%


104 105<br />

Notes to the FINANCIAL STATEMENTS<br />

Notes to the FINANCIAL STATEMENTS<br />

22 RECONCILIATION OF CASH FLOWS WITH REPORTED NET SURPLUS (CONTINUED)<br />

Changes in Liabilities arising from financing activities (continued)<br />

Year Ended 31 March 2021<br />

Bank Term<br />

Loan<br />

$000<br />

Bank<br />

Current<br />

$000<br />

Asset<br />

Finance<br />

Loans<br />

Current &<br />

Non-current<br />

$000<br />

NZ IFRS 16<br />

Current &<br />

Non-current<br />

$000<br />

At 1 April 2020, Opening Book Value 267,698 6 5,814 626,862 900,380<br />

Adjustment to opening balance ### - - 7,382 - 7,382<br />

Liability Reclassifications *** - - 30,057 (30,057) -<br />

New Borrowings 60,000 - 2,054 - 62,054<br />

Repayments (108,063) (6) (10,010) - (118,079)<br />

New Leases - - - 121,389 121,389<br />

Lease Disposals - - - (5,261) (5,261)<br />

Payments Net of Notional Interest Charge - - - (107,125) (107,125)<br />

Foreign Exchange Impact (9,635) - (3,531) (20,374) (33,540)<br />

AT 31 MARCH 2021, CLOSING BOOK VALUE 210,000 - 31,766 585,434 827,200<br />

###<br />

see notes 14 and 19.<br />

*** see note 20.<br />

23 RELATED PARTIES<br />

Besides transactions disclosed elsewhere (see note 24) in these financial statements, the Group did not transact with any other related<br />

parties during the period (2021 nil).<br />

24 KEY MANAGEMENT PERSONNEL<br />

COMPENSATION OF KEY MANAGEMENT PERSONNEL<br />

Short-term Employee Benefits 10,665 9,555<br />

10,665 9,555<br />

25 ABNORMAL ITEMS<br />

Abnormal items are determined in accordance with the principles of consistency, relevance and clarity. Transactions considered for<br />

classification as abnormal items include acquisition and disposal costs; impairment or reversal of impairment of assets; business<br />

integration; and transactions or events outside of the Group’s ongoing operations that have a significant impact on reported profit.<br />

There were no abnormal items in the year (2021 nil).<br />

<strong>2022</strong><br />

$000<br />

Total<br />

$000<br />

2021<br />

$000<br />

26 CAPITAL COMMITMENTS AND CONTINGENT LIABILITIES<br />

The Group had the following capital commitments at 31 March <strong>2022</strong> totalling $165,682,665 (2021 $50,950,596).<br />

- Auckland Hobsonville Freight Facility 6,572,919<br />

- Auckland Otahuhu Warehouse 40,438,957<br />

- New Zealand Sundry Other Building Improvements 6,515,290<br />

- New Zealand Sundry Equipment 148,632<br />

- Melbourne Dandenong Freight and Warehouse Facility 63,329,680<br />

- Adelaide Freight Facility 24,523,302<br />

- Australia Sundry Other Building Improvements 197,526<br />

- American Racking 8,103,226<br />

- American Leasehold Improvements 2,391,371<br />

- American Sundry Equipment 813,620<br />

- Asia Sundry Equipment 205,018<br />

- Europe Building Improvements 1,082,956<br />

- Europe Sundry Equipment 11,360,168<br />

There are additional bank performance guarantees and bonds totalling $21,350,000 (2021 $19,729,000) undertaken by the Group.<br />

GUARANTEES COMPRISE:<br />

Rental Guarantee - -<br />

Custom Guarantees 15,064 12,040<br />

15,064 12,040<br />

PERFORMANCE BONDS COMPRISE:<br />

NZX (New Zealand Stock Exchange) 75 75<br />

European IATA Bond 309 314<br />

European Other Guarantees 4,978 6,332<br />

European Government Licensing Guarantees 924 968<br />

6,286 7,689<br />

The Group is party to sub-lease / tenancy agreements where third parties lease excess office / industrial space from the Group. In the<br />

event of default by third parties the Group would be exposed to these liabilities.<br />

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<br />

Group is similarly subject to routine tax audits in certain overseas jurisdictions. The ultimate outcome of any future tax audits cannot<br />

be determined with an acceptable degree of reliability at this time. Nevertheless, the Group believes that it is making adequate<br />

provision for its taxation liabilities. However, there may be an impact to the Group if any revenue authority investigations result in an<br />

adjustment that increases the Group's taxation liabilities.<br />

The Group can also be subject to legal claims as a result of conducting business. The ultimate outcome of any future legal claims<br />

cannot be determined with an acceptable degree of reliability at this time. Nevertheless, the Group believes that it is making adequate<br />

provision for its legal liabilities. However, there may be an impact to the Group if any legal cases result in an adjustment that increases<br />

the Group's legal liabilities.<br />

<strong>2022</strong><br />

$000<br />

2021<br />

$000<br />

27 SUBSEQUENT EVENTS<br />

A dividend of 87.0 cents per share was declared on 25 May <strong>2022</strong> totalling $87,607,737. Payment date is to be 22 July <strong>2022</strong>.


106 107<br />

FINANCIAL STATEMENTS Auditor’s <strong>Report</strong><br />

FINANCIAL STATEMENTS Auditor’s <strong>Report</strong><br />

Independent auditor’s report to the Shareholders of <strong>Mainfreight</strong> Limited<br />

<strong>Report</strong> on the audit of the financial statements<br />

Opinion<br />

We have audited the financial statements of <strong>Mainfreight</strong> Limited (the “Company”) and its subsidiaries (together the “Group”) on pages<br />

75 to 105, which comprise the consolidated balance sheet of the Group as at 31 March <strong>2022</strong>, and the consolidated income<br />

statement, consolidated statement of comprehensive income, consolidated statement of changes in equity and consolidated<br />

statement of cash flows for the year then ended of the Group, and the notes to the consolidated financial statements including a<br />

summary of significant accounting policies.<br />

In our opinion, the consolidated financial statements on pages 75 to 105 present fairly, in all material respects, the consolidated<br />

financial position of the Group as at 31 March <strong>2022</strong> and its consolidated financial performance and cash flows for the year then ended<br />

in accordance with New Zealand Equivalents to International Financial <strong>Report</strong>ing Standards and International Financial <strong>Report</strong>ing<br />

Standards.<br />

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<br />

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<br />

extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company’s<br />

shareholders, as a body, for our audit work, for this report, or for the opinions we have formed.<br />

Basis for opinion<br />

We conducted our audit in accordance with International Standards on Auditing (New Zealand). Our responsibilities under those<br />

standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report.<br />

We are independent of the Group in accordance with Professional and Ethical Standard 1 International Code of Ethics for Assurance<br />

Practitioners (including International Independence Standards) (New Zealand) issued by the New Zealand Auditing and Assurance<br />

Standards Board, and we have fulfilled our other ethical responsibilities in accordance with these requirements.<br />

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.<br />

Ernst & Young has provided taxation compliance, taxation advisory services and advice on employment law to the Group. We have<br />

also provided financial statement compilation services to certain entities in the Asia region. We have no other relationship with, or<br />

interest in, the Group. Partners and employees of our firm may deal with the Group on normal terms within the ordinary course of<br />

trading activities of the business of the Group.<br />

Key audit matters<br />

Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the consolidated<br />

financial statements of the current year. These matters were addressed in the context of our audit of the consolidated financial<br />

statements as a whole, and in forming our opinion thereon, but we do not provide a separate opinion on these matters. For each<br />

matter below, our description of how our audit addressed the matter is provided in that context.<br />

We have fulfilled the responsibilities described in the Auditor’s responsibilities for the audit of the financial statements section of the<br />

audit report, including in relation to these matters. Accordingly, our audit included the performance of procedures designed to<br />

respond to our assessment of the risks of material misstatement of the financial statements. The results of our audit procedures,<br />

including the procedures performed to address the matters below, provide the basis for our audit opinion on the accompanying<br />

consolidated financial statements.<br />

Component Oversight<br />

Why significant<br />

<strong>Mainfreight</strong> is a global business with approximately 78% of the<br />

Group’s revenue being generated in countries other than New<br />

Zealand.<br />

A significant area of focus when conducting the audit was<br />

assessing that sufficient audit evidence was obtained by each<br />

component audit team to enable us to reach our opinion on the<br />

consolidated financial statements as a whole. This was both with<br />

respect to the determination and allocation of materiality as well<br />

as the determination of the nature and extent of procedures to<br />

be performed by each component audit team.<br />

Revenue Recognition<br />

Why significant<br />

As disclosed in the Income Statement, the Group recognised<br />

revenue totalling $5.2 billion for the year.<br />

Under New Zealand equivalents to International Financial<br />

<strong>Report</strong>ing Standard 15: Revenue from Contracts with Customers<br />

(“NZ IFRS 15”), an entity must recognise revenue with respect to<br />

the performance obligations it has identified within its contracts<br />

with customers.<br />

<strong>Mainfreight</strong> has determined it meets performance obligations<br />

in its customer contracts over time. There is judgement involved<br />

in assessing the stage of completion and therefore the amount<br />

of revenue recognised. This is particularly relevant to the Air<br />

& Ocean Forwarding businesses for which delivery times are<br />

longer than for other revenue streams and the transactions are<br />

therefore more likely to span year end.<br />

The group bills for these services at different points in time<br />

depending on the nature of the service and makes adjustments<br />

to its underlying accounting records to record revenue in the<br />

correct period.<br />

Revenue recognition is a key audit matter as, collectively, material<br />

revenue transactions can occur close to year end and there is a<br />

risk that revenue is recognised in the incorrect period.<br />

How our audit addressed the key audit matter<br />

As Group auditor, EY New Zealand considered the nature, size and<br />

risks associated with each of the Group’s significant components.<br />

As a result of this assessment each component audit team was<br />

allocated a scope and materiality reflecting the business profile.<br />

The Group audit team communicated to the component audit<br />

teams about the significant risk areas to be considered and the<br />

information to be reported back to the Group audit team. The<br />

component and Group audit teams then determined the extent<br />

and nature of audit procedures to be performed in accordance<br />

with International Standard’s on Auditing (New Zealand).<br />

In order to obtain sufficient coverage of Group balances a<br />

number of smaller business units were subjected to analytical<br />

procedures by the Group audit team.<br />

All component teams were required to provide written<br />

confirmation to the Group audit team explaining the work<br />

performed, the results of that work as well any significant<br />

findings or observations.<br />

The Group held several discussions with <strong>Mainfreight</strong><br />

management and component teams in all significant non-New<br />

Zealand locations (Australia, USA, Europe and Asia). During these<br />

discussions, the work performed by each team was assessed,<br />

and the key judgements were discussed, as were the findings<br />

relevant to the Group audit.<br />

We reported to the Audit Committee;<br />

i) The results of audit procedures and testing performed by<br />

both the Group and component teams; and<br />

ii) Any misstatements identified that warrant reporting based<br />

on quantitative or qualitative grounds.<br />

How our audit addressed the key audit matter<br />

In obtaining sufficient audit evidence in respect of revenue<br />

recognised:<br />

• We evaluated the Group’s practices in respect of the timing<br />

of providing the service, timing of billing and when revenue<br />

is recognised.<br />

• We tested a sample of revenue transactions recorded near<br />

year end in accordance with NZ IFRS 15 to assess whether<br />

they were recorded in the correct period. This included<br />

considering shipping or other documentation indicating the<br />

timing of shipment.<br />

• At significant components we completed analytical<br />

procedures considering patterns of reported revenues and<br />

margins before and after year end.<br />

• We analysed credit notes issued after year end to assess<br />

whether these could significantly impact revenue recognised<br />

within the <strong>2022</strong> financial year.<br />

• We performed journal entry testing procedures with a focus<br />

on manual journal entries recognised within revenue near<br />

year end.<br />

• We also considered the adequacy of the disclosures in the<br />

consolidated financial statements.


108 109<br />

FINANCIAL STATEMENTS Auditor’s <strong>Report</strong><br />

FINANCIAL STATEMENTS Statutory Information<br />

Statutory Information<br />

DIRECTORS<br />

The following people held office or ceased to hold office as Director during the year and received the following remuneration including<br />

benefits during the year:<br />

Information other than the financial statements and auditor’s report<br />

The directors of the Company are responsible for the annual report, which includes information other than the consolidated financial<br />

statements and auditor’s report.<br />

Our opinion on the consolidated financial statements does not cover the other information and we do not express any form of<br />

assurance conclusion thereon.<br />

In connection with our audit of the consolidated financial statements, our responsibility is to read the other information and, in doing<br />

so, consider whether the other information is materially inconsistent with the consolidated financial statements or our knowledge<br />

obtained during the audit, or otherwise appears to be materially misstated.<br />

If, based upon the work we have performed, we conclude that there is a material misstatement of this other information, we are<br />

required to report that fact. We have nothing to report in this regard.<br />

Directors’ responsibilities for the financial statements<br />

The directors are responsible, on behalf of the entity, for the preparation and fair presentation of the consolidated financial statements<br />

in accordance with New Zealand Equivalents to International Financial <strong>Report</strong>ing Standards and International Financial <strong>Report</strong>ing<br />

Standards, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that<br />

are free from material misstatement, whether due to fraud or error.<br />

In preparing the consolidated financial statements, the directors are responsible for assessing on behalf of the entity the Group’s<br />

ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis<br />

of accounting unless the directors either intend to liquidate the Group or cease operations, or have no realistic alternative but to<br />

do so.<br />

Auditor’s responsibilities for the audit of the financial statements<br />

Our objectives are to obtain reasonable assurance about whether the consolidated financial statements as a whole are free from<br />

material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance<br />

is a high level of assurance, but is not a guarantee that an audit conducted in accordance with International Standards on Auditing<br />

(New Zealand) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are<br />

considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of<br />

users taken on the basis of these consolidated financial statements.<br />

A further description of the auditor’s responsibilities for the audit of the financial statements is located at the External <strong>Report</strong>ing<br />

Board’s website: https://www.xrb.govt.nz/standards-for-assurance-practitioners/auditors-responsibilities/audit-report-1/. This<br />

description forms part of our auditor’s report.<br />

The engagement partner on the audit resulting in this independent auditor’s report is Lloyd Bunyan.<br />

Chartered Accountants<br />

Auckland<br />

28 June <strong>2022</strong><br />

Name<br />

Remuneration<br />

<strong>2022</strong><br />

Remuneration<br />

2021<br />

Current Director or Date<br />

Appointed or Resigned<br />

Bruce Plested 1 - - Current<br />

Don Braid 2 $3,373,427 $2,593,510 Current<br />

Simon Cotter 3 $120,000 $90,000 Current<br />

Bryan Mogridge 3 $120,000 $90,000 Current<br />

Kate Parsons 3 $120,000 $90,000 Current<br />

Richard Prebble 3 $120,000 $90,000 Current<br />

Sue Tindal 3 $0 $30,000 Resigned 2 June 2020<br />

1. Elected not to receive director fees since 2014.<br />

2. The remuneration comprised:<br />

<strong>2022</strong> 2021<br />

Base Salary ## 2,500,000 1,800,000<br />

Discretionary Performance Bonus *** 806,080 726,163<br />

Vehicle and Other Non-cash 67,347 67,347<br />

$3,373,427 $2,593,510<br />

##<br />

Last year base salary paid at 50% of normal rate from 1 April 2020 to 30 September 2020 with uncertainty of COVID-19 impact on the business.<br />

***The discretionary performance bonus relates to the previous financial year based on that year’s revenue and profit growth as well as other<br />

quality KPIs. A maximum of 33.3% of base salary is payable. There were no other short or long term incentives.<br />

3. Last year Director fees paid at 50% of normal rate from 1 April 2020 to 30 September 2020 with uncertainty of COVID-19 impact on<br />

the business.<br />

No fees are payable in connection with committee roles.<br />

DIRECTORS’ SHAREHOLDINGS AT BALANCE DATE<br />

BG Plested<br />

<strong>2022</strong> 2021<br />

- shares held with beneficial interest 14,845,062 15,933,062<br />

- held by associated persons 1,734,318 1,306,760<br />

DR Braid<br />

- shares held with beneficial interest 2,892,890 2,842,890<br />

- held by associated persons 54,850 54,480<br />

SR Cotter<br />

- shares held with beneficial interest 80,000 80,000<br />

- held by associated persons 7,570 7,570<br />

BW Mogridge<br />

- shares held with beneficial interest 200,000 200,000<br />

CL Parsons<br />

- shares held with beneficial interest 1,015 1,000<br />

- held by associated persons 625 -<br />

RW Prebble<br />

- shares held with beneficial interest 88,274 88,274<br />

TOTAL DIRECTORS 19,904,604 20,514,036<br />

Directors' shareholdings at balance date were 19.77% of total shares issued.


110 111<br />

FINANCIAL STATEMENTS Statutory Information<br />

FINANCIAL STATEMENTS Statutory Information<br />

EMPLOYEES’ REMUNERATION<br />

The <strong>Mainfreight</strong> Group paid remuneration including benefits during the year in excess of $100,000 in the following bands<br />

(excluding Directors):<br />

Remuneration<br />

SUBSTANTIAL PRODUCT HOLDERS<br />

The following information is given pursuant to Section 293 of the Financial Markets Conduct Act 2013.<br />

The following are recorded by the Company as at 31 March <strong>2022</strong> as Substantial Product Holders in the Company, and have declared<br />

the following relevant interest in quoted financial products under the Financial Markets Product Act 2013:<br />

B Plested, C Howard-Smith & D Braid as trustees of Rorohara No.2 Trust 14,933,062<br />

The total number of quoted financial products issued by the Company as at 31 March <strong>2022</strong> was 100,698,548.<br />

SPREAD OF PRODUCT HOLDERS AS AT 2 MAY <strong>2022</strong><br />

Size of Shareholding<br />

New Zealand<br />

Based<br />

Number of<br />

Employees<br />

Overseas<br />

Based<br />

Number of<br />

Employees<br />

$100,000 - $110,000 54 279<br />

$110,000 - $120,000 62 184<br />

$120,000 - $130,000 26 156<br />

$130,000 - $140,000 26 94<br />

$140,000 - $150,000 14 71<br />

$150,000 - $160,000 14 58<br />

$160,000 - $170,000 8 47<br />

$170,000 - $180,000 4 52<br />

$180,000 - $190,000 4 39<br />

$190,000 - $200,000 1 23<br />

$200,000 - $210,000 6 27<br />

$210,000 - $220,000 2 17<br />

$220,000 - $230,000 4 14<br />

$230,000 - $240,000 1 19<br />

$240,000 - $250,000 2 11<br />

$250,000 - $260,000 5 6<br />

$260,000 - $270,000 1 9<br />

$270,000 - $280,000 1 6<br />

$280,000 - $290,000 5<br />

$290,000 - $300,000 1 3<br />

$300,000 - $310,000 1 6<br />

$310,000 - $320,000 1<br />

$320,000 - $330,000 7<br />

$330,000 - $340,000 5<br />

$340,000 - $350,000 1 1<br />

$350,000 - $360,000 1 3<br />

$360,000 - $370,000 1 4<br />

Overseas based remuneration is converted to New Zealand dollars.<br />

Remuneration<br />

Number<br />

of Holders %<br />

New Zealand<br />

Based<br />

Number of<br />

Employees<br />

Overseas<br />

Based<br />

Number of<br />

Employees<br />

$370,000 - $380,000 1 1<br />

$380,000 - $390,000 1 1<br />

$390,000 - $400,000 2<br />

$400,000 - $410,000 1 1<br />

$410,000 - $420,000 1 2<br />

$420,000 - $430,000 1 2<br />

$430,000 - $440,000 1<br />

$440,000 - $450,000 1 1<br />

$450,000 - $460,000 1<br />

$480,000 - $490,000 1<br />

$510,000 - $520,000 2<br />

$520,000 - $530,000 1<br />

$540,000 - $550,000 1 1<br />

$550,000 - $560,000 2<br />

$570,000 - $580,000 1<br />

$580,000 - $590,000 1<br />

$610,000 - $620,000 1<br />

$620,000 - $630,000 1<br />

$660,000 - $670,000 1<br />

$690,000 - $700,000 1<br />

$700,000 - $710,000 1<br />

$850,000 - $860,000 1<br />

$870,000 - $880,000 1 1<br />

$1,170,000 - $1,180,000 1<br />

$1,310,000 - $1,320,000 1<br />

TOTAL NUMBER OF EMPLOYEES 253 1,172<br />

LAST YEAR COMPARISONS 252 1,070<br />

Total Number<br />

Held %<br />

1 - 999 7,373 67.60% 2,178,782 2.16%<br />

1,000 - 4,999 2,839 26.03% 5,551,107 5.51%<br />

5,000 - 9,999 376 3.45% 2,464,273 2.45%<br />

10,000 - 49,999 235 2.15% 3,944,260 3.92%<br />

50,000 - 99,999 25 0.23% 1,728,384 1.72%<br />

100,000 - 999,999 40 0.37% 10,715,888 10.64%<br />

1,000,000 - PLUS 19 0.17% 74,115,854 73.60%<br />

TOTAL 10,907 100.00% 100,698,548 100.00%<br />

LARGEST PRODUCT HOLDERS AS AT 2 MAY <strong>2022</strong><br />

Total Number<br />

Held %<br />

B Plested, C Howard-Smith & D Braid as trustees of Rorohara No.2 Trust 14,717,766 14.62%<br />

Custodial Services Ltd A/c 4 9,095,045 9.03%<br />

Citibank Nominees (New Zealand) Ltd 6,252,744 6.21%<br />

TEA Custodians Ltd 5,809,634 5.77%<br />

HSBC Nominees (New Zealand) Ltd - NZCSD 5,515,610 5.48%<br />

HSBC Nominees (New Zealand) Ltd A/c State Street 3,441,354 3.42%<br />

JP Morgan Chase Bank 3,302,136 3.28%<br />

Australian Foundation Investment Company Ltd 3,267,786 3.25%<br />

DR & MD Braid 2,892,890 2.87%<br />

FNZ Custodians Ltd 2,874,147 2.85%<br />

BNP Paribas Nominees (NZ) Ltd 2,620,229 2.60%<br />

Forsyth Barr Custodians Ltd 2,516,761 2.50%<br />

JB Were (NZ) Nominees Ltd 2,210,731 2.20%<br />

Accident Compensation Corporation 2,145,859 2.13%<br />

HSBC Nominees A/C NZ Superannuation Fund Nominees Ltd - NZCSD 1,832,524 1.82%<br />

National Nominees NZ Ltd 1,786,265 1.77%<br />

ANZ Wholesale Australasian Share Fund 1,391,462 1.38%<br />

New Zealand Depository Nominee Ltd 1,283,549 1.27%<br />

Hobson Wealth Custodians Ltd 1,159,362 1.15%<br />

BNP Paribas Nominees (NZ) Ltd - COGN 40 690,011 0.69%<br />

Interests Register<br />

THE FOLLOWING ENTRIES WERE MADE IN THE INTERESTS REGISTER DURING THE YEAR.<br />

Name of Director or other<br />

Person having Interest<br />

Bruce Plested<br />

Details of Interest<br />

Sold 1,000,000 shares off market for $75.00 per share on 10 June 2021 to a<br />

number of wholesale and retail institutional investors.<br />

Date Interest<br />

Disclosed<br />

10 June 2021<br />

Don Braid Purchased 30,000 shares on market for $76.11 per share on 28 June 2021. 29 June 2021<br />

Bruce Plested Sold 54,077 shares off market for $94.75 per share from 6-10 September 2021. 13 September 2021<br />

Bruce Plested Sold 45,923 shares off market for $92.58 per share from 13-17 September 2021. 20 September 2021<br />

Don Braid Purchased 10,000 shares on market for $90.01 per share on 23 December 2021. 23 December 2021<br />

Don Braid Purchased 10,000 shares on market for $77.66 per share on 28 February <strong>2022</strong>. 1 March <strong>2022</strong><br />

Kate Parsons Purchased 15 shares on market for $76.49 per share on 15 March <strong>2022</strong>. 17 March <strong>2022</strong><br />

Bruce Plested Purchased 12,000 shares on market for $79.79 per share from 17-23 March <strong>2022</strong>. 23 March <strong>2022</strong>


112<br />

Notes to the FINANCIAL STATEMENTS<br />

113<br />

Five Year Review<br />

THE TABLE BELOW PROVIDES A SUMMARY OF KEY PERFORMANCE AND FINANCIAL STATISTICS.<br />

Notes<br />

GAAP<br />

<strong>2022</strong><br />

$000<br />

GAAP<br />

2021<br />

$000<br />

GAAP<br />

2020<br />

$000<br />

Non-GAAP<br />

2020<br />

$000<br />

TOTAL REVENUE 5,218,259 3,543,838 3,094,736 3,094,736 2,953,414 2,616,189<br />

NET PROFIT FOR THE YEAR (NPAT) 1 355,397 188,110 159,201 167,330 137,624 107,678<br />

Net Profit Before Abnormal Items<br />

for the Year 2 355,397 188,110 147,975 156,104 141,084 112,004<br />

Profit Before Abnormal Items and<br />

Taxation 3 489,381 262,407 206,253 217,486 197,074 160,270<br />

EBITDA (adjusted) 4 710,696 466,507 398,671 281,006 257,049 215,114<br />

EBITA 5 510,083 284,109 228,942 223,154 203,942 167,326<br />

Abnormal Items After Taxation 6 - - (11,226) (11,226) 3,460 4,326<br />

Net Interest Cost 20,702 21,702 22,689 5,668 6,868 7,056<br />

PRO-FORMA CASH FLOW 7 556,010 370,508 317,704 213,956 194,191 159,792<br />

2019<br />

$000<br />

2018<br />

$000<br />

Net Tangible Assets 8 1,154,162 832,842 666,615 677,816 562,119 426,657<br />

Net Debt 9 1,068 102,211 157,378 157,378 130,477 196,852<br />

TOTAL ASSETS 3,027,951 2,486,906 2,304,594 1,686,554 1,502,889 1,376,703<br />

TOTAL LIABILITIES 1,598,682 1,371,860 1,338,255 711,804 664,574 667,145<br />

EBIT Margin (Before Abnormals) (%) 9.8 8.0 7.4 7.2 6.9 6.4<br />

Equity Ratio (%) 10 38.1 33.5 28.9 40.2 37.4 31.0<br />

Assets to Liabilities Ratio (%) 189.4 181.3 172.2 236.9 226.1 206.4<br />

Return on NTA (%) 11 30.8 22.6 23.9 24.7 24.5 25.2<br />

Net Interest Cover (x) 12 24.64 13.09 10.09 39.37 29.69 23.71<br />

Dividends covered by Net Profit after<br />

abnormals (x) 2.49 2.49 2.68 2.82 2.44 2.38<br />

Dividends covered by Net Profit before<br />

abnormals (x) 2.49 2.49 2.49 2.63 2.50 2.47<br />

Earnings Per Share (cps) 13 352.93 186.81 158.10 166.17 136.67 106.93<br />

ADJUSTED EARNINGS PER SHARE (cps) 13,14 352.93 186.81 146.95 155.02 140.11 111.23<br />

Pro-forma Cash Flow Per Share (cps) 13 552.15 367.94 315.50 212.47 192.84 158.68<br />

NTA Per Share (cps) 13 1146.16 827.06 661.99 673.11 558.22 423.70<br />

Notes:<br />

1. Net Profit (NPAT) is net profit after tax, abnormal Items and minorities but before dividends.<br />

2. Net Profit Before Abnormal Items for the year is NPAT excluding abnormal items after tax.<br />

3. Profit Before Abnormal Items and Taxation - see note 5 for reconciliation.<br />

4. EBITDA (adjusted) is defined as earnings before net interest expense, tax, depreciation, amortisation, abnormal Items and royalties<br />

(segments only; not Group) - see note 5 for reconciliation.<br />

5. EBITA is defined as earnings before net interest expense, tax, abnormal Items and royalties (segments only; not Group) - see note 5 for<br />

reconciliation<br />

6. Abnormal items for the years ended 31 March <strong>2022</strong> and 31 March 2021 - see note 25.<br />

7. Pro-forma Cash Flow is defined as NPAT before amortisation, depreciation, and abnormal items after tax, share based payments and<br />

abnormal items after tax.<br />

8. Net Tangible Assets does not include Software or Deferred Tax Assets.<br />

9. Net Debt is long-term plus short-term debt less cash balances.<br />

10. Equity Ratio is Net Tangible Assets as a percentage of Total Assets.<br />

11. Return on NTA is NPAT as a percentage of Net Tangible Assets.<br />

12. Net Interest Cover is Profit before abnormal items, interest and tax divided by net interest cost.<br />

13. Per Share calculations are based on the average issued capital in each year - 100,698,548 shares in <strong>2022</strong>.<br />

14. Adjusted Earnings per Share figures are based on Net Profit with tax affected abnormal items added back.<br />

15. Two versions of 2020 figures provided due to introduction NZ IFRS 16 Leases from 1 April 2019.<br />

LUCY CORBIN AND KYM BRETT, AUCKLAND, NEW ZEALAND


114<br />

115<br />

GLOBAL REPORTING INITIATIVE Content Index<br />

THIS REPORT HAS BEEN PREPARED IN ACCORDANCE WITH THE GRI STANDARDS: CORE OPTION<br />

Disclosure<br />

Organisational profile<br />

Page<br />

Number(s)<br />

102-1 Name of the organisation 1<br />

102-2 Operations 16-20, 92<br />

102-3 Head office 117<br />

102-4 Location 26-27, 117<br />

102-5 Legal type of entity 80<br />

Explanations / Other References*<br />

102-6 Markets served 26-27 Six largest customer verticals that are a<br />

focus for our network: Food & Beverage,<br />

DIY, FMCG, Chemicals, Technology &<br />

Electronics, and Medical & Healthcare<br />

102-7 Scale of the organisation 6-7, 26-29<br />

102-8 Workforce GRI Disclosure 102-8 Workforce<br />

102-9 Supply chain Throughout<br />

Disclosure<br />

<strong>Report</strong>ing practice<br />

Page<br />

Number(s)<br />

102-45 Entities included 92<br />

102-46 Basis of report content 53<br />

102-47 List of material topics 53<br />

102-48 Restatement of information 55<br />

102-49 Changes in reporting NA<br />

102-50 <strong>Report</strong> period 80<br />

102-51 Date of most recent previous report For the year ended 31 March 2021<br />

102-52 <strong>Report</strong>ing cycle <strong>Annual</strong><br />

102-53 Contact information 117<br />

102-54 GRI compliance 114-115<br />

102-55 GRI context index 114-115<br />

102-56 External assurance Not Assured<br />

Explanations / Other References*<br />

102-10 Business changes 8-20<br />

102-11 Precautionary principle 58-61, 81-84 Board Charter/Audit Committee Charter<br />

102-12 External Initiatives GLEC, Lean & Green Europe,<br />

ISO14064-1:2018<br />

102-13 Memberships IATA; other memberships apply at<br />

regional levels<br />

Strategy<br />

102-14 Chairman/Managing Director statements 8, 14<br />

Ethics and integrity<br />

102-16 Values, principles, standards https://www.mainfreight.com/global/<br />

en-nz/the-mainfreight-difference<br />

102-17 Ethical behaviour Code of Ethics, Whistle-Blower Policy<br />

Governance<br />

102-18 Governance 58-72<br />

102-22 Composition of the highest governance body 58-60, 72<br />

102-23 Chair of highest governance body 72<br />

102-25 Conflicts of interest 109-111 Board Charter, Code of Ethics<br />

102-26 Role of highest governance body 58-61 Board Charter<br />

102-36 Process for determining remuneration 61 Remuneration Committee Charter,<br />

Remuneration Policy<br />

Stakeholder engagement<br />

102-40 Stakeholders 32-56<br />

102-41 Collective agreements 8.3% European national/driver collectives<br />

102-42 Basis of defining and selecting stakeholders 52-53<br />

102-43 Approach to stakeholder management 61<br />

102-44 Stakeholder engagement NA Communication with stakeholders<br />

through various media and in person<br />

raised no key topics of concern<br />

Material Topics and Related Indicators<br />

Economic performance<br />

201-1 Direct Economic value generated and<br />

distributed<br />

203-1 Infrastructure investments and services<br />

supported<br />

205-2 Communication and training about anticorruption<br />

policies and procedures<br />

Environmental<br />

13, 75-79, 87,<br />

89<br />

30, 56, 87<br />

61 Guidelines for Anti-Corruption Practices<br />

305-1 Greenhouse Gases (GHG) Scope 1 Emissions 55 Note Scope 1 is equivalent<br />

to ISO14064-1:2018 Category 1<br />

305-2 GHG Scope 2 55 Note Scope 2 is equivalent<br />

to ISO14064-1:2018 Category 2<br />

305-3 GHG Scope 3 55 Note Scope 3 is equivalent<br />

to ISO14064-1:2018 Categories 3-6<br />

305-4 GHG emissions intensity 54<br />

Social<br />

404-2 Programs for upgrading employee skills and<br />

transition assistance programs<br />

404-3 Percentage of employees receiving regular<br />

performance and career development reviews<br />

405-1 Diversity of governance bodies and employees 60, 72<br />

417-2 Incidents of non-compliance concerning<br />

product and service information and labelling<br />

Management Approach<br />

29<br />

28-29<br />

103-1 Explanation of material topics 50-55<br />

103-2 Management approach 8-25, 50-55<br />

103-3 Evaluation of management approach 22-23<br />

99% - reviews conducted as part of our<br />

discretionary profit bonus (captured in<br />

internal branch audits)<br />

* Documents shown in green are available in the Corporate Governance section of the Company’s website:<br />

https://www.mainfreight.com/global/en-nz/investor/corporate-governance


116 117<br />

GLOSSARY OF TERMS<br />

DIRECTORY<br />

Air & Ocean<br />

B2B<br />

B2C<br />

C&F<br />

FCL<br />

FEU<br />

FMCG<br />

FOB<br />

FTL<br />

Gearing Ratio<br />

IATA<br />

Inter city<br />

Intra city/Metro<br />

IRA<br />

LCL<br />

Line-haul<br />

LTL<br />

NPAT<br />

NVOCC<br />

NZX<br />

PBT<br />

Retail Freight<br />

Supply Chain Logistics<br />

TEU<br />

Distinguishes <strong>Mainfreight</strong>’s traditional international freight from that moved by<br />

land across borders in Europe and the Americas<br />

Business-to-business transactions<br />

Business-to-consumer transactions<br />

Cost and Freight; a term utilised by importers and exporters determining the<br />

buying and selling criteria (also known as CFR, CNF)<br />

Full Container Load<br />

Forty Foot Equivalent Unit (Container)<br />

Fast Moving Consumer Goods; everyday products that sell quickly<br />

Free On Board; a term utilised by importers and exporters determining the<br />

buying and selling criteria<br />

Full Truck Load<br />

Net debt to net debt and equity<br />

International Air Transport Association<br />

The freight transport between cities<br />

The freight transport within a city known as metropolitan cartage or “metro”<br />

Inventory Record Accuracy; <strong>Mainfreight</strong>’s level of IRA measures location count,<br />

inventory condition, systems alignment to inventory count, product integrity,<br />

total inventory count<br />

Less than Container Load<br />

The method and mode used to transport goods between cities and countries<br />

Less than Truck Load<br />

Net Profit After Tax<br />

Non Vessel Operating Common Carrier<br />

NZX Limited (<strong>Mainfreight</strong> is listed on the NZX Main Board)<br />

Profit before tax (and before abnormal items)<br />

The industry segment that <strong>Mainfreight</strong> operates in<br />

The physical movement and management of supplies and finished product<br />

from source to end user<br />

Twenty Foot Equivalent Unit (sea freight container)<br />

BOARD OF DIRECTORS<br />

Bruce Plested, FCA, Chairman<br />

Don Braid, Group Managing Director<br />

The Hon. Richard Prebble, BA,<br />

LLB (Hons), CBE<br />

Bryan Mogridge, BSc, ONZM<br />

Simon Cotter, BCom, MAppFin, F Fin<br />

Catherine Parsons, BCom, CA<br />

REGISTERED &<br />

ADMINISTRATION OFFICE<br />

<strong>Mainfreight</strong> New Zealand<br />

2 Railway Lane, Otahuhu<br />

Auckland 1062<br />

PO Box 14038, Panmure<br />

Auckland 1741<br />

Tel +64 9 259 5500<br />

www.mainfreight.com<br />

OVERSEAS OFFICES<br />

<strong>Mainfreight</strong> Australia<br />

107 Gateway Boulevard<br />

Epping, Victoria 3076<br />

Australia<br />

Tel +61 3 9267 7300<br />

<strong>Mainfreight</strong> Americas<br />

1400 Glenn Curtiss Street<br />

Carson, CA 90746<br />

United States of America<br />

Tel +1 310 900 1974<br />

<strong>Mainfreight</strong> Asia<br />

8F, Tower 2, Magnet Place<br />

38-42 Kwai Fung Crescent<br />

Kwai Fong<br />

Hong Kong<br />

Tel +852 2264 8188<br />

<strong>Mainfreight</strong> Europe<br />

Industriestraat 10/12<br />

‘s-Heerenberg, NL- 7040<br />

Netherlands<br />

Tel +31 314 678 403<br />

ADDITIONAL INFORMATION<br />

Please visit our website to learn more<br />

about us, for investor information,<br />

or to obtain an electronic version of<br />

this annual report.<br />

www.mainfreight.com<br />

AUDITORS<br />

EY<br />

EY Building<br />

2 Takutai Square, Britomart<br />

PO Box 2146<br />

Auckland 1140<br />

LAWYERS<br />

Carl Howard-Smith<br />

PO Box 7066<br />

Auckland 1141<br />

Bell Gully<br />

Barristers & Solicitors<br />

Vero Centre<br />

48 Shortland Street<br />

PO Box 4199<br />

Auckland 1140<br />

BANKERS<br />

Westpac Banking Corporation<br />

16 Takutai Square<br />

Britomart<br />

PO Box 934<br />

Auckland 1140<br />

Commonwealth Bank<br />

ASB North Wharf,<br />

12 Jellicoe Street<br />

PO Box 35<br />

Auckland 1140<br />

HSBC Bank<br />

One Queen Street<br />

PO Box 5947<br />

Auckland 1141<br />

Bank of Tokyo-Mitsubishi UFJ<br />

Lv 19, 151 Queen Street<br />

PO Box 105160<br />

Auckland 1143<br />

Bank of China<br />

Level 17, Tower One<br />

205 Queen Street<br />

Auckland 1010<br />

ING Belgium<br />

Avenue Marnix 24<br />

B-1000 Brussels<br />

Belgium<br />

INVESTMENT ADVISORS<br />

Grant Samuel and Associates Ltd<br />

Vero Centre<br />

48 Shortland Street<br />

PO Box 4306<br />

Auckland 1140<br />

SHARE REGISTRAR<br />

Computershare Investor Services Limited<br />

Private Bag 92119<br />

Auckland 1142<br />

Level 2, 159 Hurstmere Road<br />

Takapuna, Auckland 0622<br />

New Zealand<br />

MANAGING YOUR<br />

SHAREHOLDING ONLINE:<br />

To view and update your details including<br />

change of address, communication<br />

preferences, bank account instructions,<br />

IRD numbers, view your current holding<br />

and transaction history and view your<br />

payment history, please visit:<br />

www.investorcentre.com/nz and log in.<br />

You will need your CSN or Holder Number<br />

and FIN to initially register on Investor<br />

Centre, or your User ID and password if<br />

previously registered.<br />

General enquiries can be directed to;<br />

> enquiry@computershare.co.nz<br />

> Private Bag 92119, Auckland 1142<br />

> Telephone +64 9 488 8777<br />

ANNUAL REPORT BY<br />

Ripe Creative<br />

www.ripecreative.co.nz<br />

MAIN PHOTOGRAPHY BY<br />

Alistair Guthrie, Snapper Limited<br />

www.alistairguthrie.com<br />

with assistance from offshore<br />

photographers<br />

FOLLOW US HERE:<br />

Facebook<br />

www.facebook.com/mainfreight<br />

Twitter<br />

www.twitter.com/mainfreight<br />

LinkedIn<br />

www.linkedin.com/company/<br />

mainfreight<br />

Instagram<br />

www.instagram.com/mainfreight<br />

BACK COVER:<br />

ALVARO FUERTE, CARSON, USA<br />

(WITH DOG HANDLER<br />

ADAM VILLALOBOS AND AGRON).<br />

Wharf Cartage<br />

The transport of full containers on and off the wharf<br />

Wholesale Sea Freight<br />

The industry segment that CaroTrans operates in, supplying services to other<br />

freight forwarders<br />

The <strong>Mainfreight</strong> annual report is printed on environmentally responsible papers, manufactured using Elemental Chlorine Free pulp from Well Managed<br />

Forests. It is produced under the environmental management system ISO 14001, which aims to prevent pollution and achieve continual improvement.<br />

Printed with vegetable based, mineral oil free inks.


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