A combination of good timing and astute treasury management has paid off nicely for Freightways, helping it keep interest costs steady while driving growth in its information management segment.

Logistics firm posts improved revenue and profit figures for six months to December, keeps lid on interests costs despite borrowing an additional $19 million for acquisitions.

Freightways gives positive trading update for the three months to September 30. 

Freightways has acquired Iron Mountain New Zealand for $12.7 million and will merge the operations of its acquisition with its subsidiary Online Security Services.

UPDATED: Forsyth Barr gives stock a "buy" recommendation on back of today's results.