Business & People
Appointments, results, deals and the people leading the industry.
85 jobs lost as Absolute Traffic Solutions goes into liquidation
Absolute Traffic Solutions, an Auckland-based traffic management company, has gone into liquidation owing more than $1 million to Inland Revenue, employees and other creditors. The shareholders…
Supply chain consultancy Middlebank appoints Philip Walsh as associate
Supply chain and value chain management consultancy Middlebank Consulting Group has appointed experienced executive Philip Walsh as an associate, strengthening its advisory capability in finance, operations and logistics.
Move narrows losses, targets FY26 positive earnings
Move Logistics Group has reported improving earnings metrics in a weak economy, saying its transformation programme is on track to return the business to positive normalised…
Port of Tauranga lifts profit as capacity crunch bites, fast-track plan halted
Port of Tauranga has posted stronger earnings on the back of rising export volumes but warned mounting berth constraints are now costing the economy after a…
Vehicles down but Port of Auckland posts record $85m profit
Fewer vehicles moved through Auckland’s port this year, but strong container growth and improved efficiency helped deliver a record underlying net profit after tax (UNPAT) of…
New leaders join NRC Board as long-serving members step down
The National Road Carriers Association (NRC) has farewelled two of its longest-serving leaders while welcoming three new members to its board.
Southpac trucks hit by tough trading as Colonial Motor posts $17.8m profit
The Colonial Motor Company’s heavy truck arm Southpac has been hit by falling volumes, even as the group reported a trading profit after tax of $17.83…
Turners tracking for record half-year profit
Turners Automotive Group says it is on track to deliver more than 10% earnings growth in the first half of FY26, despite a sluggish economy, low…
First fast-track project approved: Auckland port wharf expansion gets green light
Infrastructure Minister Chris Bishop and Regional Development Minister Shane Jones have welcomed the approval of the first project under the Government’s new Fast-track Approvals Act. The…
Reserve Bank cuts OCR to 3%
The Reserve Bank has cut the Official Cash Rate (OCR) by 25 basis points to 3 percent, citing subdued economic activity and easing inflation pressures, but warning the outlook remains finely balanced.