Business & People
Appointments, results, deals and the people leading the industry.
UDC posts record profit
Major automotive lender UDC Finance has boosted its net profit after tax by 5% to $61.6 million for the year to September. One of the key…
EROAD reports $3.6m loss
Logistics and fleet management company ERoad has reported a net loss of $3.6 million in its latest business update. The figures for the six months to…
Turners boosts profit
Growing retail sales, and strongly performing finance and insurance businesses have seen Turners Automotive Group post a 18% increase in after tax profit for the six…
AHG sells Australian refrigerated logistics business
Automotive Holdings Group (AHG) will sell its refrigerated logistics business to HNA International. The $400 million sale follows an unsolicited offer, and will include the Rand…
CablePrice appoints new sales and marketing general manager
A major construction equipment and commercial vehicle business is celebrating a new appointment. Deon Stephens is taking on the role of sales and marketing general manager…
Global freight company appoints new technology manager
New Zealand global freight company Kotahi has appointed a new digital technology general manager. Matthew Wright will take on the role next month, with the business…
Economy strong despite concerns
Road transport statistics shows the New Zealand economy “is doing pretty well” despite concerns, financial commentator Bernard Hickey says. Hickey spoke at the Road Transport Forum’s…
New Transporttalk editor appointed
Nigel Moffiet is our new Transporttalk editor. Transporttalk is the new name from January 1 for Auto Media Group’s Dieseltalk online and monthly magazine presence. Moffiet…
HMI and Transmax join forces
Technology companies HMI Technologies and Transmax are working together to develop intelligent transport solutions. Under a new agreement the companies will look into how traffic management…
TranzAlpine celebrates 30 years
KiwiRail’s iconic TranzAlpine train journey marked 30 years of operation this week with celebrations in Christchurch and Greymouth. Guests included those involved in the TranzAlpine’s beginning…