Business & People
Appointments, results, deals and the people leading the industry.
Toyota finance chief to take over as CEO
Toyota has named finance chief Kenta Kon as its next chief executive, in a surprise move that will see current CEO Koji Sato step down after just three years to focus on broader industry issues.
Lyttelton Port Company posts record first-half revenue and profit
Lyttelton Port Company has delivered record revenue and profit in the first half of the financial year, driven by strong growth in bulk cargo volumes and…
Auckland Transport chief executive Dean Kimpton to step down
Auckland Transport chief executive Dean Kimpton will step back from the role on May 1, after almost three years leading the organisation.
Freightways completes $81m acquisition of Australian express operator VT Freight Express
Freightways has completed its acquisition of Australian express freight operator VT Freight Express (VTFE), strengthening its presence in the Australian express market and expanding its business-to-business…
Inflation ticks up to 3.1% in December as transport costs rise again
Annual inflation rose to 3.1% in the December 2025 quarter, edging above the Reserve Bank of New Zealand’s 1–3% target band, according to figures released by…
UD Trucks expands its New Zealand service network
UD Trucks has expanded its New Zealand service network with the appointment of eight new Truckstops service locations across the upper and central North Island. The…
Fletcher Building sells construction arm to Vinci for $315.6m
Fletcher Building has agreed to sell its construction division to French-based international infrastructure group Vinci Construction for $315.6 million, as the company sharpens its focus on…
Go Bus expands South Island footprint with Golden Bay Coachlines acquisition
Kinetic New Zealand, through its Go Bus brand, has expanded its South Island operations with the acquisition of Golden Bay Coachlines, extending its presence into Golden…
Microlise appoints new chief technology officer
Fleet management technology provider Microlise has appointed Dean Garvey-North as its new chief technology officer, as the company looks to build on recent growth across Australia and New Zealand.
Economy rebounds in September quarter as GDP rises, unemployment edges higher
New Zealand’s economy returned to growth in the September 2025 quarter, while the unemployment rate continued to rise, according to the latest economic snapshot from Stats…