News: UDC boss defending ANZ sale to Chinese conglomerate

thumbnail_logo-udc-ogThe chief executive of UDC is supporting ANZ’s move to sell its asset finance arm to Chinese conglomerate HNA for $660m after an Auckland finance consultant called the move a backwards step.

Auckland-based finance expert Simon Thompson told the New Zealand Herald that a credit downgrade of UDC’s rating from A minus to BBB with a negative credit watch by the Standard and Poors agency immediately after the sale announcement, would mean higher interest rate costs for UDC customers.

“Secondly HNA has no prior exposure to New Zealand markets and no direct finance experience so there must be concerns about their direction,” Thompson told the New Zealand Herald. Continue reading “UDC boss defending ANZ sale to Chinese conglomerate” »

The chief executive of UDC is supporting ANZ's move to sell its asset ...

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News: Neilson St improvements completed early

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Work to demolish an old railway bridge at the intersection of Neilson St and Onehunga Mall and replace with a new road finished a day ahead of schedule, reopening to traffic on January 14.

The NZ Transport Agency and Auckland Transport say completing the work is providing benefits for freight and other vehicles in Onehunga.

“These improvements are now providing early benefits around the Onehunga area as part of the first stage of the East West Link project,” says NZTA’s acting Auckland manager Mieszko Iwaskow. Continue reading “Neilson St improvements completed early” »

Work to demolish an old railway bridge at the intersection of Neilson ...

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News: Canterbury focusing on infrastructure links to North Island

thumbnail_quarterly-report-portfolio-thumbnailReinstating the rail and road routes from Christchurch along the east coast to the North Island is a key focus of infrastructure improvements says the Canterbury Development Corporation (CDC).

The CDC released the quarterly Christchurch economic infrastructure situation report on January 17, documenting work underway in Canterbury’s transport, energy, water and communication networks.

The report says the medium term focus will be on repairing damage caused by the Kaikoura earthquake, which severed the most direct link from Christchurch to the North Island. Continue reading “Canterbury focusing on infrastructure links to North Island” »

Reinstating the rail and road routes from Christchurch along the east ...

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News: LDV reckons it’s the fastest growing light commercial brand

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LDV New Zealand claims it is the country’s fastest growing light commercial vehicle brand.

Sales for LDV vans were up 117% from 2015, the total for 2016 being 1032 units.

LDV New Zealand spokesperson Warren Willmot says the market is responding favourably to the products price points and marketing strategy. Continue reading “LDV reckons it’s the fastest growing light commercial brand” »

LDV New Zealand claims it is the country’s fastest growing light comme ...

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Magazine: DIESELtalk magazine is out now

The January 2016 issue of DIESELTalk is available for download.

screen-shot-2017-01-17-at-5-43-50-pmThere is an air of caution for 2017 as some truck distributors believe the heavy commercial vehicle market may soften, despite signs that the passenger car market will continue to boom thanks to consumer confidence in the economy.

However civil construction projects in Canterbury, the Waikato, and Auckland will continue to drive the need for labour and heavy equipment as will the post earthquake reconstruction in Kaikoura, Wellington and Canterbury.

In this issue we have focussed on Business Efficiency as the first editorial feature of the year, we have looked at the growing market for ute accessories, and we preview the new Kenworth T610 heavy duty truck which makes its New Zealand debut at T.H.E Expo in March.

We also have our regular round up of news, opinions, and statistics. Continue reading “DIESELtalk magazine is out now” »

The January 2016 issue of DIESELTalk is available for download. There ...

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News: Potholing trucks causing a stink in Inglewood

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Trucks and trailers parking and creating potholes in the grass verge of Moa Street, Inglewood has incensed residents who plan to petition the New Plymouth mayor for a remedy.

Moa Street is a heavy vehicle bypass which runs parallel with State Highway 3 through the Taranaki town.

The Taranaki Daily News is reporting that Moa Street residents Gary and Anne Meads say that trucks stopping or leaving trailers parked on the grass verge opposite their house are creating an erosion problem which is also contributing to an odour problem. Continue reading “Potholing trucks causing a stink in Inglewood” »

Trucks and trailers parking and creating potholes in the grass verge o ...

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News: Site managers, civil and structural engineers in high demand

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A recruitment company report says that demand will be high in 2017 for site managers as well as civil engineers and structural engineers, as infrastructure projects get under way.

The Hays Quarterly Report covering the January to March 2017 period says that senior and intermediate civil and structural engineers are required for new build design and alteration, the strengthening of buildings, land development, water and transport design projects and large infrastructure projects.

Following the Kaikoura earthquake in November 2016, demand is also rising for site managers, senior quantity surveyors, project managers, forepersons, tradespeople and skilled labour with seismic strengthening experience. Continue reading “Site managers, civil and structural engineers in high demand” »

A recruitment company report says that demand will be high in 2017 for ...

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News: First post-earthquake train runs from Blenheim

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The first freight train to leave the Blenheim Freight Hub heading south completed its journey to Lake Grassmere yesterday without incident.

It opens the way for commercial goods to run again on this section of the South Island’s main north line following November’s 7.8 earthquakes.

Freight from Dominion Saltworks at Lake Grassmere was then carried on the first stage of its journey to the North Island, arriving in Blenheim just after noon. Continue reading “First post-earthquake train runs from Blenheim” »

The first freight train to leave the Blenheim Freight Hub heading sout ...

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