
Mainfreight forecasts annual profit hike
Mainfreight expects annual profit to rise as much as 7.1 per cent on revenues in excess of $2 billion.
Mainfreight expects annual profit to rise as much as 7.1 per cent on revenues in excess of $2 billion.
There is a certain irony that at a time Auckland is celebrating its founding as a port city 175 years ago, calls are growing to move the port elsewhere.
A protest group of concerned Aucklanders has joined the outcry against two large wharf extensions by Ports of Auckland, which eventually wants to reclaim 3ha of seabed between the wharves.
Ports of Auckland will start work in April on the first step to reclaim more of the Waitemata Harbour.
Fliway, a transport and logistics company owned by Duncan and Gretchen Hawkesby, has confirmed it will be the first new listing on the NZX this year.
Freightways posted a 3pc gain in full-year profit, driven by growth in its express package and mail business, and said it expects further growth in 2015.
A motorist, who ignored warning lights and drove around level crossing barrier arms at a known blackspot, was seconds away from being hit by a train.
Robert Neale has hit three vehicles at level crossings, resulting in three deaths, in his nine years as a freight train driver.
Indian PM Narendra Modi is pledging $25 billion to unclog India's transportation links, spur power output and build cities.
A freight train derailment in the central North Island has resulted in a gas leak.
Swiss air freight company Kuehne + Nagel International has been penalised $3.1m.
A Swiss air freight company has been penalised $3.1 million by a NZ judge for being part of a "classic hard-core cartel" that used gardening codewords to try disguise itself.
The Commerce Commission and Swiss air freight company Kuehne + Nagel have agreed it should be penalised $3.1m for "hardcore cartel conduct" deliberately hidden using gardening codewords and ran for five years, the High
A waterfront dispute has broken out between two of New Zealand's biggest ports, arguing about who is the best.