Business & People
Appointments, results, deals and the people leading the industry.
AdvanceQuip and MIMICO enter acquisition
New Zealand operated heavy equipment suppliers AdvanceQuip and MIMICO have entered into an unconditional acquisition agreement. The deal will see MIMICO secure the distribution rights to…
Mainfreight CFO Tim Williams to retire
Mainfreight has announced its chief financial officer, Tim Williams, will be stepping down following the company’s year-end result in June 2024.
Mainfreight’s half year profit down 42% as ‘normalised’ trading returns
Mainfreight has posted a net profit of $124.5 million for its half year result, down 42.6% on the same period last year. Revenue was down 21.6%…
Freightways lifts Q1 earnings but signals caution
Freightways is reporting a rise in revenue and earnings for the first quarter of the 2024 financial year but warns tougher than expected economic conditions will have an impact on full-year results.
Familiar face joins UDC Finance as dealer GM
Andrew Brough has rejoined UDC Finance after 13 years, taking on the role of dealer general manager.
Traffic Management NZ acquired by Altus Group
Altus Group, Australia’s largest full-service traffic management business, is entering the New Zealand market with the 100% acquisition of Traffic Management NZ (TMNZ). Altus, majority owned…
Experts to share insights on FUSO eCanter
A special FUSO eCanter event is being held in Hamilton to help the transport industry boost its knowledge of the all-electric light-duty truck. Hosted by Keith Andrews Hamilton, the…
Truckometer: Heavy traffic data sending weak signals
The ANZ Truckometer heavy traffic index fell 3.5% month-on-month in September while the light traffic index fell 1.3% m/m. The drops followed decent lifts the previous…
Fleet safety leaders shine at awards
Safety-conscious organisations from New Zealand and Australia have been recognised for working hard to reduce incidents involving at-work drivers and vehicles. The winners of the ninth…
Ex-Fonterra COO joins Port of Tauranga board
Port of Tauranga is welcoming a new board member with the appointment of Fraser Whineray.