Business & People
Appointments, results, deals and the people leading the industry.
Port of Auckland back in black with $40.5m full-year profit
Port of Auckland has recovered from last year’s financial loss on the back of its failed automation project and posted a full-year net profit after tax…
DHL appoints new Asia Pacific boss
Javier Bilbao DHL Supply Chain has appointed Javier Bilbao as its new chief executive for Asia Pacific effective September 1. He replaces Terry Ryan who is…
Freightways posts $75m net profit, NZ growth slows
Freightways has lifted net profit after tax 7.3% to $75.3 million for its full-year result marked by strong growth in its Australian operations but a more…
Daimler Truck boss takes on finance role following death of CFO
Daimler Truck chief executive Martin Daum is temporarily taking on chief financial duties following the death of its former CFO Jochen Goetz, 52, who died “suddenly and unexpectedly in a tragic incident” on August 5.
Fletcher Building full-year net profit down 45%
Fletcher Building has posted a net profit after tax of $235 million for its full year result, down 45.6% compared to last year. Revenue was down…
New management appointments for NRC
The National Road Carriers (NRC) is making new management appointments as part of a transformation strategy to strengthen its road transport advocacy.
Isaac Mutu: Weather and inflation batters insurance market
We all know that the weather in Aotearoa can be unpredictable. Claims analysis by our largest insurer IAG New Zealand, which owns State Insurance, AMI Insurance and NZI Insurance, revealed ten significant weather events between September 2022 and March 2023.
TR Group acquires trailer hire firm in South Australia
New Zealand-owned TR Group is expanding its Australian operations with the acquisition of Adelaide-based trailer hire business Southern Cross Rentals. The purchase, effective from August 1, is the fifth rental…
Mainfreight reports freight decline, eyes market share growth
Mainfreight is reporting a slump in its June quarter trading results as a result of reduced freight volumes and slowing economic conditions globally. The company revealed…
ANZ Truckometer: traffic data ‘bumping along’
The ANZ Truckometer light traffic index rose 0.3% month-on-month in June, while the heavy traffic index fell 1% with the quarter period suggesting “low but positive…