Freightways works to lift margins as rising household traffic increases costs
By Jenny Ruth Feb. 25 (BusinessDesk) - Freightways chief executive Mark Troughear says courier prices could rise 5-6 percent if New Zealand follows the example set by Europe and the United States. A major factor all courier services around the world are grappling with is th...
Freightways lifts first-half profit 6%
By Jenny Ruth Feb. 25 (BusinessDesk) - Freightways lifted first-half profit 6 percent through strong revenue and volume growth coupled with greater productivity in the express package division. Organic expansion and acquisitions bolstered information management revenue. Net...
Quayside's 1H net profit slides 62.4% on losses on equities
By Jenny Ruth Feb. 25 (BusinessDesk) - Quayside Holdings, which owns 54.2 percent of Port of Tauranga, reported a 62.4 percent drop in first-half net profit, reflecting losses on its equity portfolio. The Bay of Plenty Regional Council-owned investment company made a $15.4...
Retail sales and ANZ business confidence data will show pulse of economy
By Jenny Ruth Feb. 25 (BusinessDesk) - December quarter retail sales data today should provide more indications that the economy continues to hum along, albeit at a slower pace than previously. The data is expected to show retail sales rose about 0.5 percent in the last thr...
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