Business & People
Appointments, results, deals and the people leading the industry.
MAINFREIGHT EXPECTS TO GROW MARKET SHARE THROUGH COVID
Mainfreight has posted half-year net profit of $72.9 million, up 23% year-on-year with strong results in New Zealand and Australia. Revenue was up $108.3m (7.2%) to…
ANZ Truckometer down in November
The ANZ Truckometer light traffic index fell 3.1% in November, while the heavy traffic eased 0.3% m/m. ANZ chief economist Sharon Zollner says the lack of…
EROAD’s half-year revenue up 19% for FY21
EROAD has posted $45.8 million in revenue for the six months to September 30, up 19% from the same period a year prior. Net profit after…
North Otago truckie wins national award
Hall’s Group South Island driver Jason Coleman has been named Driver of the Year by Woolworths New Zealand. Coleman is based in Oamaru and services the…
Sprinter celebrates 25 years on the job
For 25 years Mercedes-Benz’s Sprinter has been a large European large cargo van segment pace-setter, and to mark that anniversary, we’re sampling the latest version. It’s…
Southpac Trucks expands service network
Southpac Trucks is adding to its service dealer network with new appointments in Blenheim and Taranaki. Transport Repairs Ltd (TRL) Blenheim has been appointed the parts…
Scania’s expanded service open for business
Seven of Scania New Zealand’s eight new nation-wide service centres are shop-window ready and open for business while Scania Rotorua starts with limited capacity in December…
Traton begins US$3.7b takeover of Navistar International
Commercial vehicle giant Traton SE has entered an agreement to fully purchased US truck manufacturer Navistar International Corporation for around US$3.7 billion (NZ$5.4b). Germany-based Traton is…
Truckometer shows traffic settling down
The ANZ Truckometer light traffic index lifted a further 0.6% in October while the heavy traffic index eased 3% as traffic settled following the second Auckland…
Z Energy reports $58m half-year loss
Fuel retailer Z Energy has reported a $58 million net profit after tax loss for its half-year result, down 307% year-on-year. The company says COVID-19 has…