Business & People
Appointments, results, deals and the people leading the industry.
Truckometer pulling away in May
ANZ Research says both of its Truckometer indexes lifted in May. The heavy traffic index jumped 4.1% month on month, more than reversing a fall in…
Fliway revises its earnings guidance
Listed logistics company Fliway says it now expects revenue for the fiscal year 2017 (FH17) revenue to exceed the $82.6 million achieved in FY16. It says…
Penske appointing New Zealand director
Penske Transportation Group International is appointing Jim Livermore as Director of Penske New Zealand, effective immediately. Due to significant growth in both Penske Power Systems and…
Air New Zealand lifts earnings guidance
An investor day statement released to the NZX by Air New Zealand says that the national carriers 2017 earnings before taxation are likely to exceed $525…
Kea awards recognising Wrightspeed’s Kiwi founder
Kea New Zealand is announcing its 2017 World Class New Zealand (WCNZ) award recipients, for the gala dinner in Auckland on June 22. Wrightspeed founder, California-based…
EROAD announcing $5.3 million net loss before tax
EROAD Limited is announcing a net loss before tax of $5.3 million for the financial year ending March 31, 2017, which the company attributes to investment…
Mainfreight record net profit result exceeds $100m
Mainfreight is announcing that for the first time its net profit is exceeding $100 million in another year of record results to March 31, 2017. "These…
Former earthmoving director ordered to pay liquidator $450k
The High Court is ordering former South Canterbury earthmoving business director Daniel O'Neill to pay more than $450,000 to the company, and it's liquidators. According to…
Brisbane Truck Show award winners show innovation
“Innovation is alive and well in the heavy vehicle industry,” Heavy Vehicle Industry Association (HVIA) chief Executive Brett Wright says following the presentation of the 2017…
Mercedes-Benz wins best heavy duty truck award
The Mercedes-Benz Actros has been voted the best heavy duty truck at the Brisbane Truck Show Awards. The new Mercedes-Benz model beat other finalists, the Kenworth…