Business & People
Appointments, results, deals and the people leading the industry.
Locomotive-sized billboard signals warning
A “large-as-life reminder” is urging drivers to take care when crossing rural railway tracks. The NZ Transport Agency has unveiled a locomotive-sized billboard near a railway…
New appointment for port boss
Ports of Auckland boss Tony Gibson has been appointed to the board of Marsden Maritime Holdings. Marsden Maritime chairman Sir John Goulter says he is “delighted”…
DAF trucks celebrate 90 years
Dutch truck manufacturer DAF, a division of Paccar, is celebrating its 90th anniversary. To celebrate, it’s selling a special 90th Anniversary limited edition of the award-winning…
Fonterra boss to step down
Fonterra chief executive Theo Spierings has handed in his resignation. Board chairman John Wilson says the announcement was set for April but brought forward to this…
Fonterra reports $348m interim loss
Fonterra is reporting a $348 million after-tax loss for its half-year result to January 31. The co-operative’s 18.8% holding in Chinese investment partner Beingmate Baby &…
Shell to sell off NZ oil and gas assets
Shell has reached an agreement to sell its New Zealand assets to Vienna-based oil and gas company OMV. The US$578 million deal includes eight Shell NZ…
Residents gather to fight quarry expansion
South Auckland residents are fighting a resource consent approval for a local quarry expansion which would allow up to 90 truck trips every hour. Clevedon residents…
Truckometer shows heavy traffic dip
Heavy traffic fell 2.5% in February after a strong start to the year, according to the ANZ Truckometer Heavy Traffic Index. The light traffic index also…
Daimler AG trucks $60.3bn revenue
The world’s largest heavy vehicle maker Daimler AG is reporting strong growth in truck sales. The German company, owner of brands such as Fuso, Freightliner and…
Refining NZ reports $78.5m profit
Refining New Zealand is reporting a strong half-year result on the back of its fuel supply crisis. The Marsden Point-based company has posted a $78.5 million…