Business & People
Appointments, results, deals and the people leading the industry.
Fletcher Building posts $419m full-year loss
Fletcher Building has reported a net loss of $419 million for the year to June 30, as the company grappled with weak demand, one-off costs, and…
Freightways lifts profit 12.9%, declares higher dividend
Freightways Group has posted a solid full-year result despite a contracting economy, with net profit rising 12.9% to $80.1m for the 12 months to June 30…
Truckometer heavy traffic data up 1.8% in July
The ANZ Truckometerheavy traffic index saw a monthly lift of 1.8% in July, and is up 2.8% year-on-year. The light traffic index rose 1.4% m/m in…
Ferry Holdings appoints chief executive
Ferry Holdings Limited, the schedule 4a company charged with negotiating ferry procurement contracts for two new inter-island ferries, has appointed Sandip Ranchhod as its new chief executive, effective September 22.
Tata Motors to acquire Iveco Group in $7.4b deal
India's Tata Motors has announced plans to acquire Italian truck and bus manufacturer Iveco Group in a €3.8 billion deal (NZ$7.4b) which is set to boost…
Fletcher Building explores sale of construction division
Fletcher Building has confirmed it is considering selling its construction division — including Higgins, Brian Perry Civil and Fletcher Construction Major Projects — following strong inbound…
Fleet safety awards deadline extended for entries
Entries for the 2024 Australasian Fleet Champions Awards have been extended to August 8, giving fleet operators and suppliers more time to showcase their commitment to…
Microlise drives Australia and New Zealand expansion
Transport management technology provider Microlise is accelerating its expansion across Australia and New Zealand after securing major contracts with leading supermarket groups and transport operators. The…
Hyster NZ celebrates 80 years, enters new chapter under Adaptalift Group
Hyster New Zealand is marking 80 years of service to Kiwi industries with the business now part of Adaptalift Group, Australia’s largest privately owned forklift company…
Truckometer’s heavy traffic index ‘trending higher’ despite June drop
The ANZ Truckometer heavy traffic index was down 1.3% month-on-month in June while remaining up 3% versus a year ago. The light traffic index (motorbikes, cars…