These must have served him well, given Mainfreights current NZX number six position on market capitalisation. In 2001, Mainfreights management decided that technology needed a global role, and Drinkwater became CIO. From our data, we infer that the largest shareholder is Bruce Plested (who also holds the title of Top Key Executive) with 17% of shares outstanding. Mainfreight founder Bruce Plested says businesses can help solve inequality and low wage growth through profit sharing with employees, which this year cost the company $27 million. You can click here to see if those insiders have been buying or selling. "[8], In June 2013, Mainfreight launched a lawsuit seeking 11 million or $18 million against Wim Bosman Group's former owners. Now with over 8,000 employees and 282 branches in 26 countries, Mainfreight has an extensive presence in the global supply chain. Third year in a row Milford has been awarded the Consumer People's Choice for KiwiSaver by Consumer NZ. He hasnt made any plans beyond the summer other than continuing as chair of Duffy Books in Homes, but he will be looking at new opportunities that crop up. But Plested also devours books that look askance at the global economic system. [17], "Shareholding Information - Mainfreight Limited", "Mainfreight co-founder Neil Graham dies", "Road transport regulation a controversial measure to protect railways", "Mainfreight announces agreement to acquire Halford International", "Mainfreight breaks into Europe with $227m acquisition", "Mainfreight sues for $18m after shock client loss", "Mainfreight gets $14m payout - drops Euro claim", "The Wim Bosman Group becomes Mainfreight", "Mainfreight sells Pan Orient Project Logistics and its 75% shareholding in LEP (New Zealand and Australia) for over A$83 million", "Mainfreight Limited (Mainfreight) completes sale of Pan Orient Project Logistics", "Target Logistics, Inc. Agrees to be Acquired by Mainfreight Limited", https://en.wikipedia.org/w/index.php?title=Mainfreight&oldid=1136159997, Daily Freight (NZ), Carotrans (Worldwide), Owens (AU/NZ), ChemCouriers (AU/NZ) Mainfreight Europe (EU), This page was last edited on 29 January 2023, at 01:07. After the full acquisition that took place August 2007, Mainfreight Asia quickly gained momentum in the Air and Ocean sector, driving business in China and Southeast Asia. In March 2011, Mainfreight entered the European market with the acquisition of Netherlands-based company Wim Bosman Group for 120 million; or $227 million. Other high profile residents on Waiheke include former All Blacks rugby coach Sir Graham Henry, Mainfreight transport founder Bruce Plested and New Zealand's richest man Graeme Hart, who bought . As for new sector-specific technologies, he says that driverless trucks are on their way but the technology isnt here yet. Greg Hurrell left a journalism career to work around the Middle East for 23 years and returned to New Zealand full-time in 2020. With well-established locations that include China, Hong Kong, Taiwan, Malaysia, Thailand, Vietnam, Singapore, Japan and Korea, the Mainfreight global network continues to expand year over year. You wont get many consultants that tell you to build a bespoke system.. It now sits at 79.3.ANZs chief economist Sharon Zollner said households were concerned about the rising cost of living, particularly those with large ANZs economists now expects house prices to fall 18% from the November 2021 peak and bottom out in June.It previously signalled they would fall 22% but noted housing market data has been stronger than expected. The company is led by founder Bruce Plested and managing director Don Braid. [3][4], When the company was founded it entered a highly regulated transport market. Northport is forecasting a 15 per cent lift in container traffic volume for the financial year ending June. ", Bruce Plested starts Mainfreight Auckland. In May, the. . Chia Sisters introduces game-changing drinks packaging taking inspiration from an unexpected sector. Plested is also a great reader; some of those ideas come from books. Mainfreight International was Mainfreight's first international sea and airfreight business and was started in 1984 by Bruce Plested's brother Gerald. Thats why there are so many packages out there, because consultants find it easy to sell packages. Concerned about the content? During his farewell speech to the 50 people in Mainfreights NZ technology team (the global IT team numbers 125), Drinkwater shared his tips for success, including these 10. The firm's Australian domestic freight and logistics division, Mainfreight Distribution, began operations in 1989, with an operation in Sydney. Neil Graham joins Bruce Plested helping shepherd the company into what is now a publicly-listed logistics firm, Plested's brother Gerald starts Mainfreight's first international sea and airfreight business, Don Braid joins through acquisition of Daily Freightways, Bought Netherlands firm as European springboard, Family feel: Don Braid's sons also work in the business, Strong association with Bairds Mainfreight Primary School. A substantial holder notice showed Mainfreight founder Plested sold 1 million shares off-market for $75m through Rorohara No. Yes, we are using a lot more energy and cooling, but the density of the compute has been a huge enabler., Drinkwater estimates that just 5% of its compute is in the public cloud, with 95% in servers in New Zealand, Asia, Australia, and the US. Braid says Plested's vision is for the future. Despite the protests, his view is the score is now 18 down, one to go. This reading helps inform Plesteds world views and contributes toward his impassioned statements on climate change and the need for better education standards. Arriving fresh faced from university, this company for the past (almost) three years has. Mainfreight Ltd. engages in the freight logistics services and supply chain solutions. Mainfreight is a global supply chain company that prides itself for having "special people, special company" . The High Court has backed the sale of Tilt Renewables to Powering Australian Renewables (owning the Australian business) and Mercury Energy (taking over the New Zealand business), and Tilt shareholders will meet on July 14 to vote on the deal worth $8.10 a share. Its the end of the road at Mainfreight for CIO Kevin Drinkwater, who officially retires on 31 December 2020. Plested and Braid are based at unfashionable Otahuhu in South Auckland. Drinkwater has contributed to the local CIO community and has regularly featured in the CIO50 New Zealand Awards in 2019 he was No. The company management answer to the board and the latter should represent the interests of shareholders. The High Court said no. Braid says: "There a capitalist motive behind this, Bruce believes profit is a great motivator.". A good Samaritan. Mainfreight 5 years 8 months National Sales Manager Apr 2021 - Present2 years 1 month New Zealand Sales Manager Jan 2020 - Apr 20211 year 4 months Auckland, New Zealand Account Manager Apr 2018 -. Board meetings. He has a home on Waiheke and said the marina was not in the locals' interests. Richard has been elected a fellow of the Chartered Institute of Logistics and Transport. Insights Newsletter. Shares go up and down.". He is most proud of his professional qualifications. Check out their presentation - https://bit.ly/3BAWpSs #mainfreight # . The Mainfreight instruction manual is short: Feel the fear but do it anyway. This is a world where budgets are deemed 'bullshit'. Having clocked almost 35 years, his tenure at one of New Zealands most successful global companies has been a long one. How Cisco maintains a new sustainable startup model, producing the next generation of industry-leading technologies. You can find historic revenue and earnings in this detailed graph. Some small berths in the centre and other longer berths further out into the bay are unsold. He built a billion-dollar logistics business, starting with a single Bedford truck in the 1970s. As a Government Minister, Richard was responsible for creating SOEs, deregulating telecommunications and broadcasting, reforming ports, airports, railways and aviation. Here, he shares the lessons of his career with CIOs everywhere. It's always worth thinking about the different groups who own shares in a company. Property market metrics show the national average asking price is now almost $100,000 down on a year ago. When such a trade goes wrong, multiple parties may compete to sell stock fast. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. It's the answer to poverty, says Mainfreight co-founder Bruce Plested. The other thing is to have our own ideas. Plested's. The pitch, the house, and much of the bay belong to Kiwi businessman, philanthropist and sports fan Bruce Plested, a founder of the Mainfreight freight company. Reminder, this is a Premium article and requires a subscription to read. Mair said another drilling rig would arrive shortly. From there, providing you have passion, the Mainfreight . People expect more, boats got bigger. Mainfreight was founded in 1977 by the visionary Bruce Plested, who set out to make the company a family, a team, where everyone has a share in the riches and where the word 'management' is banned. That means that even when the share price was higher. Mainfreight is a pretty big company. During that time the business has expanded its operation into 26 countries and its staff count has grown from 80 to 8,600. We note that hedge funds don't have a meaningful investment in Mainfreight. The Centre is part of a particularly dynamic ecosystem, within the second French . See more CEO Mainfreight Limited (NZE: MFT) is a global transport and logistics business based in New Zealand.. Formerly Halford Young, Halford is a private logistics company and freight forwarder with operations and networks in Australia and New Zealand, Japan, Germany, throughout Asia and the United States.[6]. Under the visionary eye of founder and chairperson Bruce Plested, they say, the company's performance has demonstrated "total consistency, total focus". The certification is based. They had a total of 1,540,506 employees among them. Despite a steady recovery in 2021, the magazine was hit by a recent decline in volumes and rising costs. Braid says the company offers staff training in every country it operates in. Bruce believes people grow when they are given this responsibility. This information will be used to measure the effectiveness of our advertising from various channels and to offer you personalised ads. Leverage your professional network, and get hired. Everyone can see the bottom line and everyone understands what it means for the company and for themselves. "It's no use just giving people more money." Plested's early home life was a book-filled one, and his mother would always read to her two sons. To help pay the bills on time, Plested gave the charity a $500,000 interest-free loan in 2020. It's no use just giving people more money.. 25+ search types; Win/Lin/Mac SDK; hundreds of reviews; full evaluations. Plested gave the charity $250,000 in 1998, which Duff used to buy shares in the company. Braid says Mainfreight is a strong believer that people can make mistakes, but though Plested can be a tolerant manager, Braid says there's nothing loose about the way the business is run: "Bruce has an eye for detail.". At each branch the profit and loss figures are put up on the cafeteria wall. "I've always been interested in education. Target operate domestic and international time-sensitive freight-forwarding and logistics services through its wholly owned subsidiary, Target Logistic Services. "It's about creating a feeling of whanau. NZ shows little interest in Australian phosphate pollution fix, Tough road ahead to reduce NZ's emissions, says Forsyth Barr, Space: Victoria University's final frontier, Reuseable bank fit-outs XFrame's next target, Radical change is needed Productivity Commission, New listings drop, house asking prices down 10%, Sustainable drinks company partners with fellow B-Corp Kiwibank to take on the world, Wellington developer Mark Dunajtschik gets award, Businesses tithing a way to support charities, Arise Church lender wants answers following damaging report, The gift of time: how your bach can change lives. Simply Wall St has no position in any stocks mentioned.Have feedback on this article? He has also been involved in organisations outside Mainfreight, notably TUANZ when it was lobbying for a national fibre network a decade ago, and as the current chair of Duffy Books in Homes. Notably, sometimes top-level managers are on the board themselves. Much closer on the horizon are electric trucks. Our information suggests that insiders maintain a significant holding in Mainfreight Limited. Port of Tauranga was up 4c to $7.30, and Marsden was down 3c to $6.02. The company was founded by Bruce G. Plested in 1978 and is headquartered in Auckland, New Zealand. Nearly a third of the trading value was in Mainfreight, which fell $1.80 or 2.33 per cent to $75.30. He brings strong financial skills and business acumen to the role. Weve been very innovative to the business, he says. Its a way of saying things that couldnt be said elsewhere, Plested said. Last Saturday, the picturesque $23 million ocean-front farm owned by Mainfreight boss Bruce Plested, whose wealth NBR estimated at $270m last year, was used for a family affair.
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