Freight & Logistics
Ports, rail, shipping, air freight and the logistics companies moving New Zealand’s goods.
Covid-19 fallout suspends airport earnings guidance
Following the international outbreak of Covid-19 and strict new border controls, Auckland Airport is suspending earnings guidance for the year to 30 June 2020. Chief executive…
Mainfreight rallies for bushfire support
Mainfreight has raised A$84,300 to go towards the Australian Salvation Army bushfire recovery operation. The fundraiser started with an idea from one of the air &…
Air NZ reducing capacity by 85%
Air New Zealand is further reducing capacity across its network as a result of the impact of Covid-19 on travel demand and it will also start…
Napier Port monitoring supply chain risk
Napier Port says market disruptions caused by the coronavirus outbreak present an “increased risk” to earnings with log prices back to levels seen during last year’s…
Port of Tauranga lowers profit guidance
Port of Tauranga is lowering its full-year profit guidance due to market uncertainty following the coronavirus outbreak. The company says the full impact on trade from…
AHG Refrigerated Logistics sold for $100m
Automotive retail group A.P. Eagers has sold its AHG Refrigerated Logistics division to Sydney-based private equity firm Anchorage Capital Partners for A$100 million. The division includes…
RTF takes rail opposition to Parliament
Trucks and other road users should not be funding rail freight, Road Transport Forum (RTF) chief executive Nick Leggett told a select committee at Parliament today…
Vehicle imports up in February
Vehicle imports were up in February led by an increase in passenger cars but a decline in commercials, according to New Zealand Customs Motor Vehicle Statistics…
Ports of Auckland profit down
Ports of Auckland is reporting net profit of $17.2 million, down $7.2m for the six months to December. Revenue was flat for the period with $123.2m…
KiwiRail reports $33.7m half-year loss
KiwiRail is reporting a net loss of $33.7 million for the six months to December 2019. However, it marks an improvement on the $104.6m loss in…