Shares in Mainfreight have dropped nearly 5% after the transport and logistics provider forecast a lower than expected full year result.
Excluding abnormal items, the company expects to make a profit of $65 million to $67 million for the year to March, compared with $65.7 million in the previous year.
Mainfreight managing director Don Braid said the company had a strong first six months but a flat Australian market in the last three months has not helped overall growth.
"We had a very big Christmas where we moved a lot of freight and geared up accordingly with extra labour and facilities and then that revenue hasn't remained strong into this last three months."
Mr Braid said consequently Mainfreight has acquired increased revenue costs due to pre-Christmas volumes but that revenue has not remained from January onwards.
He said the company is still waiting to see growth from Netherlands firm Wim Bosman, which it acquired two years ago.
Mainfreight shares fell 55 cents to $11.20 each on Thursday.