Business & People
Appointments, results, deals and the people leading the industry.
EROAD lifts FY24 revenue, achieves positive free cash flow
EROAD is reporting $182 million in revenue for its FY24 result, up 10% on last year with the firm meeting or exceeding all guidance measures and…
Truckometer shows heavy traffic up in April
The ANZ Truckometer light traffic index fell 1.3% month-on-month in April, while the heavy traffic index rose 0.3% after falling the previous month. “Unusually, the trend…
STL Linehaul goes into liquidation
Christchurch-based trucking firm STL Linehaul 2023 Ltd has gone into liquidation owing more than $1.7 million to creditors. The company was placed into liquidation on May…
Daimler Truck reports steady Q1 revenue as markets return to ‘normal’
German commercial vehicle manufacturer Daimler Truck has reported 13.3 billion euros (NZ$23.8b) in revenue in the first quarter of 2024 alongside a 13% year-on-year decline in…
Scania reports record earnings in Q1
Swedish truck manufacturer Scania has announced record earnings in the first quarter of 2024 with an uptick in sales driven by the launch of the Scania…
UD Trucks celebrates 20 years of Quon
UD Trucks' flagship model, the Quon, marks its 20th anniversary this month and local distributors and customers are celebrating the milestone. Since its launch in 2004…
Auckland to Northland SH1 upgrade could grow GDP $1.2b per year – report
Investing in a four-lane expressway along the entirety of State Highway 1 between Auckland and Northland could boost national gross domestic product (GDP) by $1.2 billion…
Fruehauf NZ acquires Adams & Currie
Heavy transport manufacturer Fruehauf NZ has acquired Christchurch-based transport engineering company Adams & Currie. The acquisition will complement Fruehauf’s existing manufacturing and service centre sites in…
Truckometer reveals a slow March
The ANZ Truckometer light traffic index rose 0.1% month-on-month in March, while the heavy traffic index fell 1.8% following a couple of strong months. “While both…
Market downturn impacts Lyttelton Port results
Lyttelton Port Company (LPC) has posted a net profit after tax of $8.08 million for the six months to December 31, 33% down on the same…