26th October 2023 Move Logistics / Supply Chain
Move International will not be processing with the construction of the new vessel which was slated as part of its entry into coastal shipping.
Move Logistics has fallen to a $7.2m net loss after tax after a significant slowing in its freight division.
Craig Evans will start in the top job at Move on 1 February 2023, replacing current executive director Chris Dunphy as the company continues with a business turnaround programme commenced in August 2021.
Move Logistics Group has said that following an unexpected contract loss of circa $14m revenue, full year results for its freight division will be below expectations.
Transport group Move Logistics says it is expecting to come in ahead of last year’s underlying EBITDA from continuing operations of $54.3m.
Move Logistics Group has walked away from its proposed $15.2m acquisition of domestic bulk liquids and dry powder transport provider Fluidex.
Move Logistics Groups plans to order a new coastal roll-on, roll-off vessel capable of running on methanol fuel as part of its entry into coastal shipping.
Move Logistics Group has signed a $15.2m agreement to acquire the business and assets of Fluidex Transport, a domestic bulk liquids and bulk dry powder transport provider with recurring revenue of $11m.
Move Logistics Group is gearing up its new oceans business with its first trans-Tasman sailing scheduled for Q4 2022.
Move Logistics Group is looking to grow its supply chain market share by expanding its presence in dairy and oceans, appointing two new general managers to lead its efforts in those sectors.
Move Logistics Group is accelerating its oceans strategy, having now entered a funding agreement for $10m of co-investment from Waka Kotahi NZ Transport Agency.
Move Logistics Group is undertaking further proposal development after being included as one of four firms receiving $30m co-investment from Waka Kotahi for a coastal shipping pilot.
Transport and logistics specialist Move Logistics Group has downgraded its full year earnings guidance on the back of Covid-19 and economic pressures disrupting trade and its investment plans.
Transport and logistics specialists Move Logistics Group has applied for dual listing on the ASX, alongside its NZX listing.
The Commerce Commission is running a rule over competition issues that could arise from the proposed acquisition of Cold Storage Nelson by global giant Lineage Logistics.
Pāmu has posted a net profit after tax of $41m for the half-year ended 31 December 2021, up from $8m in 2020 as commodity prices increase across its forestry and farming portfolio.
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