Business & People
Appointments, results, deals and the people leading the industry.
Downer expecting $160m loss
Australian and New Zealand listed infrastructure giant Downer EDI is raising A$400 million (NZ$428m) as it forecasts a big loss for its 2020 financial year. The…
Z Energy Q1 earnings down 60%
Z Energy has posted $38 million in earnings for its first quarter result for the year. This includes an $11m loss in April during alert level…
ANZ Truckometer nears last year’s levels
The ANZ Truckometer shows overall June traffic volumes almost back to last year’s levels with the heavy traffic index up 14.5% for the month while light…
Hyundai appoints Martin Zeilinger to lead fuel cell trucks and buses
Hyundai Motor Group has appointed Martin Zeilinger as executive vice president and head of its commercial vehicle (CV) development unit. Zeilinger brings 30 years of experience…
TIL Logistics reports post-lockdown earnings guidance
TIL Logistics is providing an earnings guidance of between $25 million to $27m for its FY20 result and says its businesses are recovering since the lifting…
InterCity expands Northland services
National bus network InterCity is expanding Northland operations following routes that had been suspended due to the COVID-19 level 4 lockdown. From July 1, services will…
EROAD reports full-year profit
Transport technology services company EROAD has posted profit before tax of $1.4 million for its 2020 financial year. This is up from a $5.1m loss in…
Giant GDP slump sees transport industry down 5.2%
The transport industry fell 5.2% for the March 2020 quarter and contributed to New Zealand’s largest gross domestic product (GDP) drop in 29 years, Stats NZ…
Air NZ forecasts $120m loss for financial year
Air New Zealand has updated its earning guidance for the 2020 financial year and says it expects to post a $120 million loss. The guidance for…
ANZ Truckometer jumps back
The ANZ Truckometer light and heavy traffic index both recovered more than half of the previous month’s fall in May. However, the light traffic index was…