Brambles has been aggressively pursuing price rises to recover inflationary costs. In the nine months ended March 31, it lifted prices by 19 per cent in North America.
CEO Graham Chipchase says the costs of timber and transport are starting to moderate, but inflation is still at historically high levels.
The company, which operates a pool of 360 million pallets and containers, lifted its full-year profit forecasts marginally.
Pallets and logistics giant Brambles lifted US prices by 19 per cent in the past nine months, and its chief executive said there were signs that timber and transport inflation were starting to moderate.
Graham Chipchase said Brambles, which operates a pool of 360 million pallets and containers transporting goods to retailers, had been highly disciplined in recovering costs.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
