Business & People
Appointments, results, deals and the people leading the industry.
Arrrow told to sell Portlink land
The administrators of Arrrow International are demanding the company sells its remaining 15.3 hectares of land in Portlink Industrial Park near Lyttelton. Colliers International industrial sales…
TRT expands Hiab network
Tidd Ross Todd (TRT) is expanding its nationwide support network for the full range of Hiab equipment. The Hamilton-based transport engineering company (with branches in Auckland…
OCR unchanged – but forecast negative
The Reserve Bank today kept the Official Cash Rate at 1.75%, though it is unlikely to be kept up in future announcements. In its statement to…
Fiat Chrysler merger with PSA Group rumoured
Comments from senior executives at Fiat Chrysler Automobiles and Peugeot Citroen Group indicate a merger could be imminent between the two companies. Suggestions from both the…
Mixed results for ports with maintenance and repairs
This story first appeared in the March issue of transporttalk– CLICK HERE to download the magazine FREE Ports of Auckland has seen a negative impact on…
Transport industry reports half year earnings
This story first appeared in the March issue of transporttalk– CLICK HERE to download the magazine FREE Higher fuel prices and operating margins as well as…
MAN sales up, profit down
German truck and bus manufacturer MAN increased sales revenue by 1 billion euros for the 2018 financial year. Sales revenue grew 9% to €12.1bn for the…
Fonterra ‘back in black’ to tune of $80m
Fonterra is reporting a net profit after tax of NZ$80 million for its interim results. It’s a return to profit for the co-operative after its first…
Fulton Hogan profit down
Privately held civil construction firm Fulton Hogan has reported pre-tax first-half profit of $70.6 million, down by a third, BusinessDesk reports. The Christchurch-based infrastructure and construction…
Truckometer shows two-way traffic
The ANZ Truckometer indexes went in different directions in February, showing weak signals in light traffic volumes and average rates of growth in heavy traffic. The…