New Zealand

At least two governments, Australia and New Zealand, are helping to correct distortions in the airfreight market.

New Zealand’s Mainfreight spells out “MERRY XMAS” with its trucks and trailers for an aerial photo that delights Facebook users.

Kuala Lumpur-headquartered trading conglomerate Sime Darby (BMB: 4197) of Malaysia has conditionally acquired the privately held automotive and construction machinery dealer Gough Group of Christchurch, New Zealand.

Stock market analysts are not excited by the initial public offering (IPO) of the container- and forestry-products focused Port of Napier on New Zealand’s east coast.

Old Dominion has made a commitment to donate up to $250,000 to the American Red Cross Disaster Relief fund.

Coretex supplies fleet management solutions. Known for its refrigerated trailing monitoring capabilities, the company has recently expanded more into the cab with a new ELD and other services.

A series of company earnings from New Zealand shows that the international maritime trade to and from the Pacific archipelago is largely strong, especially for the bigger ports, but the smaller ports have experienced some downturns in trade.

New Zealand’s Ports of Auckland has been conditionally granted funds to buy hydrogen fuel cell vehicles as part of a wider project to build a hydrogen fuel production plant. That second project, in turn, is part of a bigger project to transform New Zealand into an electricity-powered economy.

CargoChain aims to make it easier for all the parties in the supply chain – shippers, truckers, ports, authorities, everyone, to share what data they want, with who they want, how they want, when they want. It uses BlockChain to provide security and trust.