New Zealand's Freightways rises on VT Freight Express acquisition

Freightways

17/12/2025 24:59

** Shares of Freightways FRW.NZ rise as much as 6.4% to NZ$14.97, their highest level since October 31; stock last up 4.6%

** Stock posts steepest intraday pct rise since October 19

** Freight service provider acquires Australia-based VT Freight Express for A$71 million ($47.00 million)

** VT Freight Express provides express delivery of parcels and palletised freight

** Stock up 35.5% YTD, including the session's moves

($1 = 1.5106 Australian dollars)

(Reporting by Anjali Singh in Bengaluru)

((anjali.singh2@thomsonreuters.com; ))