Business & People
Appointments, results, deals and the people leading the industry.
Southpac trucks face challenging market as CMC posts steady profit
Colonial Motor Company's heavy truck division Southpac has endured a difficult year with declining demand and high inventory costs, even as the group delivered a resilient…
Port Nelson lifts full-year profit as cargo holds steady at 3.2m tonnes
Port Nelson has posted a net profit after tax of $7.1 million for the year to June 30, up $900,000 on 2024, as overall cargo volumes…
Tyrewise collects 1.12m tyres in three months as scheme expands
New Zealand’s nationwide tyre recycling scheme, Tyrewise, recorded more than 1.12 million end-of-life tyres collected for processing and recycling between April 1 and June 30, with…
VTNZ boss to step down
VTNZ’s long-serving country manager Greg O’Connor has resigned after nearly 30 years with the company. The vehicle testing firm says the decision is not linked to…
Business optimism cools as firms cut staff and investment — NZIER
Business confidence slipped in the September quarter, with firms trimming staff and pulling back on investment as demand stays weak, the NZ Institute of Economic Research’s…
Shona Robertson elected to Transporting NZ board
Shona Robertson of Road Transport Logistics has been elected to the board of Transporting New Zealand at the road freight association’s annual meeting.
KiwiRail’s retired Aratere vessel to be recycled in India
KiwiRail has agreed to sell the retired Interislander ferry Aratere to a buyer that will deliver the vessel to a specialist recycling shipyard in India. Aratere…
ANZ Truckometer shows heavy traffic up 0.9% in September
The ANZ Truckometer shows the heavy traffic index was up 0.9% in September and is up 1.7% on a year ago, while the light traffic index…
Lower rates boost business investment enquiries
Falling interest rates are driving increased business investment enquiries at Speirs Finance, with equipment distributors, civil construction and infrastructure businesses showing renewed confidence as economic conditions begin to improve.
RBNZ cuts OCR 50 basis points to 2.5%
The Reserve Bank of New Zealand has cut the Official Cash Rate by 50 basis points to 2.5%, a move that will reduce borrowing costs for…