News: Former Navistar MD returns to MTU Detroit Diesel

Kevin-Dennis

Kevin Dennis

Former Navistar managing director Kevin Dennis will return to MTU Detroit Diesel Australia to head up its on-highway business.

Dennis assumes responsibility for the on-highway business and dealer network, from October 20.

He will manage all Australia/New Zealand/Pacific on-highway sales and dealer development, as well as product and technical support functions. Continue reading “Former Navistar MD returns to MTU Detroit Diesel” »

News: Diversification is key to strong Fulton Hogan profit

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Roading company Fulton Hogan has reported strong returns thanks to its diversification into water, rail, and airports which now makes up 10 to 15% of its business.

Although the group’s order book is down and revenue has fallen due to the strong New Zealand dollar and a reduction of construction business in Australia, the company’s reported earnings of $303.8 million (before interest, tax, depreciation, and amortisation) is up 43% from the previous corresponding period.

Net profit after tax was $138.2 million, in comparison to $96.5 million in the previous corresponding period, and $7.9 million in the previous corresponding period before that. Continue reading “Diversification is key to strong Fulton Hogan profit” »

News: One tunnel built, now one to go

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The first of the twin road tunnels that will connect Auckland’s southwestern and northwestern motorways as part of the NZ Transport Agency’s Waterview Connection project has been built.

Alice, the tunnel boring machine, broke into daylight this afternoon, at the end of her 10-month 2.4km underground journey from Owairaka to Waterview.

The tunnel is the tenth largest diameter tunnel in the world and the longest road tunnel in New Zealand. Once opened in 2017, it will carry three lanes of southbound traffic up to 40 metres below Avondale and Waterview in west Auckland. Continue reading “One tunnel built, now one to go” »

News: Construction is key Canterbury economic driver

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The ‘Cantometer’ index rose to a fresh high of 1.9 in September, compared to the previous high of 1.8 in August, reflecting the role of increased building construction as a key economic driver in the region.

“Construction activity continues to stand out with continued gains across both residential and non-residential construction,” says ASB chief economist Nick Tuffley.

“An increase in major construction projects is a good sign as businesses begin to feel more confident about committing to large-scale projects. Continue reading “Construction is key Canterbury economic driver” »

News: Five more people inducted into transport Hall of Fame

GNEMA210612Five new inductees have been honoured for their contribution to the road transport industry in New Zealand at the NZ Road Transport Hall of Fame Awards in Invercargill.

The five inductees include one posthumous award, that of Les Cleveland. His award was accepted by his daughter, Shirley McLennan. All other inductees were present this year with family and friends also attending the ceremony at the Bill Richardson transport museum.

The full list of 2014 inductees follows: Continue reading “Five more people inducted into transport Hall of Fame” »

News: Longburn freight hub to open in December

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Limited employment opportunities are predicted from the $20 million intermodal freight hub development at Longburn during its first three months in the region.

Icepak, Ports of Auckland and Napier Port have formed a joint venture to create the intermodal freight hub development on the site of the former Longburn freezing works in the Manawatu.

According to the Manawatu Standard, construction of the facility is expected to be completed in November, with operation starting December 1. Continue reading “Longburn freight hub to open in December” »

News: Vehicle imports and logs boost Wellington port’s profits

house1A 17% increase in port revenue contributed to an underlying net profit after tax of $11.8 million for Wellington-based CentrePort for the year to June 30.

A number of key factors have driven CentrePort’s trade growth, including:

  • growing project cargo and vehicle imports, with a 16% increase in ship calls and 29% increase in vehicles
  • a 5% increase in container trade
  • the announcement of a new container shipping service
  • a 46% increase in log ship calls and 22% increase in volume
  • maintaining crane rate productivity

Continue reading “Vehicle imports and logs boost Wellington port’s profits” »

News: Importing fuel to keep jets and transport going

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Oil companies are forging ahead with a contingency plan to import more fuels locally to minimise disruption if planned industrial action at New Zealand Refining goes ahead next month.

BP external relations manager Jonathan Mills, spoke to BusinessDesk on behalf of the industry, and he says they are assessing how much fuel across all grades is being held in storage at the Marsden Point Refiner and on ships and in terminals nationwide, before deciding how much needs to be imported to meet demand over the threatened 11-day shutdown of the refinery.

Two unions representing 160 of its workers, or about half its workforce, have served notice of a two-day strike on October 7 and 8, a move that would require the company to shut down refinery processing units, and given restart times, could result in 11 days of disruption. Continue reading “Importing fuel to keep jets and transport going” »

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