Business & People
Appointments, results, deals and the people leading the industry.
‘Investment Boost’ not enticing enough for truckies — Transporting NZ
The Government’s Investment Boost tax incentive has delivered only a modest lift in heavy truck sales and needs to go further to get more productive, lower-emission…
Port Marlborough posts $46m revenue
Port Marlborough has reported revenue of $46 million for its 2025 financial year including a projected dividend of $4.2 million to its shareholder, Marlborough District Council…
Transport firms squeezed as liquidations continue –– Centrix
New Zealand’s transport sector is under mounting strain, with 154 transport companies put into liquidation in the past year — up 52% — and road freight…
Synlait strikes $307m deal to sell North Island assets
New Zealand dairy processor Synlait Milk has unveiled its FY25 results and a binding conditional agreement to sell its North Island assets to global healthcare firm…
South Port posts record profit on stronger bulk volumes
South Port New Zealand has reported a record net profit after tax of $13.3 million for the year ended June 30, up 81% from $7.4m a…
Fonterra lifts full-year operating profit 13% to $1.73b
Fonterra has reported FY25 results for the 12 months to July 31, with operating profit rising 13% to $1.73 billion. Profit after tax was $1.07b, down…
GDP shrinks 0.9% amid international turbulence
New Zealand’s economy contracted 0.9% in the second quarter of 2025, with Finance Minister Nicola Willis attributing the decline to global uncertainty and the impact of…
Fruehauf NZ appoints Aaron Smith to advisory board
Heavy transport equipment manufacturer Fruehauf NZ has appointed Aaron Smith to its board of advisors as the company looks to strengthen its governance and strategic direction.
Fieldays winner takes home JAC ute and $10k in farming gear
From left: Andrew Craw, general manager at JAC Motors New Zealand; the giveaway winner, Kevin Cowley, with his family; and Richard Lindroos, CEO of the New Zealand National…
Heavy traffic dips while light traffic edges up – Truckometer
Traffic volumes gave a mixed picture of economic momentum in August, according to the latest ANZ Truckometer. The light traffic index (LTI) rose 1% in the…