Business & People
Appointments, results, deals and the people leading the industry.
Truckometer’s heavy traffic index drops in May
The ANZ Truckometer heavy traffic index was down 3% month-on-month in May and is up 1.7% versus a year ago. The light traffic index fell 0.5%…
Fonterra lifts Q3 profit, confirms $10 farmgate milk price for 2025/26
Fonterra has posted $1.16 billion normalised profit after tax for the nine months to April 30, up 11% on the same period last year, as it…
Mainfreight lifts full-year net profit 31%
Mainfreight has reported a strong lift in net profit for the year to March 31, up 31% to $274.3 million, despite challenging conditions in several key…
Govt appoints new board leadership at KiwiRail
KiwiRail has new board leadership with the appointment of Sue Tindal as chair and Jeff Kendrew as deputy chair, effective from July 1. Rail Minister Winston…
TDX appoints new CEO
TDX has named Greg Slaughter as its new chief executive, with his appointment to take effect from August 20.
EROAD posts $1.4m net profit as turnaround strategy gains traction
EROAD is back in the black, posting a net profit after tax (NPAT) of $1.4 million for the year to March 31–– reversing a $0.8m loss…
Budget 2025: ‘Investment Boost’ tax break targets vehicle and machinery upgrades
Businesses investing in vehicles, machinery and equipment are set to benefit from a new tax incentive unveiled in Budget 2025, aimed at spurring growth and lifting…
Rural sector leads slow economic recovery –– Infometrics
Economic conditions across New Zealand remain challenging in early 2025, with only modest signs of recovery in some sectors, according to the latest Infometrics Quarterly Economic…
JAC expands NZ dealership network
JAC Motors is extending its presence in New Zealand with three new dealership locations, bringing its top-of-the-line JAC T9 ute to more regions. Described as the…
Truckometer shows heavy traffic lifting
The ANZ Truckometer heavy traffic index was up 2.7% month-on-month in April and is up 1.7% versus a year ago. Meanwhile, the light traffic index lifted…