Business & People
Appointments, results, deals and the people leading the industry.
Trucking firms weathering tough economic conditions, data shows
New Zealand's road transport industry is continuing to meet market demand despite tougher economic times, with most companies successfully withstanding rising costs, new economic data reveals…
Heavy traffic down 1.8% in September
The ANZ Truckometer light traffic index fell 1% m/m in September, while the heavy traffic index fell 1.8% for the period. On a year-on-year basis, light…
Dom Kalasih: Changes, celebrations and consultations
We had a record turnout at our AGM last Friday with the highlight being the election of the board. Congratulations to Brett Hamilton, Greg Pert, Murray…
Reserve Bank cuts OCR to 4.75%
The Reserve Bank is cutting New Zealand’s official cash rate (OCR) by another 50 basis points to 4.75% – the lowest it has been since February 2023.
UK firm acquires NZ job management platform Tradify
UK-based business management software giant Access Group has acquired New Zealand tech company Tradify to serve a range of industries including construction and supply chain. Access…
New faces, top awards for freight sector
Road freight body Transporting New Zealand is welcoming new faces to its board following its annual general meeting in Napier.
Port Nelson sees full year underlying profit down $1.5m
Port Nelson has posted an underlying net profit after tax (NPAT) of $6.2 million for its full year result, down $1.5m on last year. Cargo volumes…
NZ Autocar acquired by Auto Media Group
NZ Autocar magazine has been sold to Auto Media Group with well-known industry publisher Richard Edwards to take over under the new ownership structure. Edwards is…
Fonterra posts $1.1b full year profit, announces special dividend
Fonterra has announced a profit after tax of $1.1 billion for its full year results with earnings delivered at the top end of its forecast range…
Penske awards 2024 Master Technicians
Penske Australia and New Zealand has presented Jason Gavin and Frederich Pfuhl the 2024 Penske Guild Master Technician awards for on-highway and off-highway, respectively.