Business & People
Appointments, results, deals and the people leading the industry.
Takeover bid for EROAD
Toronto stock exchange-listed company Constellation Software is making a $147 million takeover bid through one of its subsidiaries for EROAD. Constellation, through its Australian holding company…
Wood resigns, new transport minister announced
Michael Wood Prime minister Chris Hipkins says newly unveiled additional shareholdings held by a trust in which Michael Wood is a trustee and beneficiary raise concerns…
Recession: NZ’s economic activity falls in first quarter
New Zealand is officially in a recession as gross domestic product (GDP) fell 0.1% in the first quarter. This included the initial impacts of Auckland Anniversary…
ANZ expands green loan to include transport
ANZ is expanding the scope of its Business Green Loan scheme to help more companies switch to cleaner fleets including electric vehicles. The loan allows eligible…
Southpac to host Kenworth centenary celebration
Kenworth enthusiasts are marking their calendars as the brand’s 100th global anniversary is celebrated in New Zealand. Local distributor Southpac Trucks is hosting the special event…
Team Global Express appoints NZ chief executive
Logistics company Team Global Express has appointed Stewart Smith as the new chief executive for the firm’s New Zealand operations.
Cardinal pioneers fully automated warehouse with $450m investment
Cardinal Logistics is investing more than $450 million in developing the country’s first fully automated third-party logistics (3PL) warehouse in Drury, South Auckland. Cardinal, the country’s largest privately-owned 3PL company…
Mainfreight posts $426.5m full-year profit
Mainfreight is reporting 20% growth in net profit to $426.5 million for its full-year result but reports second half results were impacted by a decline in…
EROAD full-year revenue up 52%, narrows net loss
EROAD has grown reported revenue 52% to $174.9 million for its full-year result. The transport technology company’s results were in line with guidance and reflected a…
Napier Port half-year profit down to $8.7m
Photo by John Cowpland / alphapix Napier Port has posted a 3.3% drop in reported net profit after tax to $8.7 million for its half-year result…