Business & People
Appointments, results, deals and the people leading the industry.
Mainfreight posts $72.9m half-year net profit
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…
Michael Woodhouse appointed opposition transport spokesman
The National Party has announced its new caucus line-up with list MP Michael Woodhouse taking on the opposition transport portfolio along with finance. He replaces Chris…
Keith Andrews makes lower North Island acquisitions
Keith Andrews Trucks (KAT) has purchased two long-standing businesses in the lower North Island to support its Daimler operations. It has agreed to buy both Diesel…
TRT appoints new Australia country manager
Kiwi-owned transport and construction manufacturer and distributor TRT has appointed Marc Baumback to the role of Australia country manager. Baumback started the role on October 12…
Building Nations wins NZ corporate event award
Infrastructure New Zealand’s flagship event Building Nations has won Best Corporate Event at the New Zealand Event Association Awards (NZEA). More than 105 entries were received…
Hybrid truck joins Wel Networks
Waikato electricity lines company WEL Networks has added a hybrid technology live line elevating work platform (EWP) truck to its fleet. The new truck further demonstrates…
Firth celebrates tikanga Maori and Pasifika
Fletcher Building company Firth is celebrating tikanga Māori and Pasifika culture with a bold new concrete truck about to hit the road in Auckland. Firth worked…
Double-dip recession next year says Infometrics
Despite rebounding from the initial lockdown and effects of the COVID-19 pandemic so far, the New Zealand economy remains vulnerable, according to the latest projections from…
Daimler reports $3.6b third quarter recovery
Daimler is reporting a “faster than expected” market recovery and a strong September performance ahead of its third quarter 2020 results. It has released preliminary figures…
Port Nelson full year net profit down 46%
Port Nelson has reported net profit after tax of $8.2 million for its 2020 annual result, down 46% year-on-year. Revenue was down 6% to $66.7m compared to…