Third year in a row Milford has been awarded the Consumer People's Choice for KiwiSaver by Consumer NZ. "It's a disgrace, a kind of Currently, he is Executive Chairman at this company and Chairman of Mainfreight GmbH (a subsidiary of Mainfreight Ltd.). Get started by entering your email address below. Ultimately the future is most important. In 2007, Mainfreight acquired Target Logistics, a United States based forwarder with 34 offices, and an extensive agent network. Please note that with cookies disabled you will have a degraded experience with some features. You may withdraw your consent at any time. MAINFREIGHT LIMITED Company Profile - Dun & Bradstreet Drinkwater says the team are prescriptive about the software they deploy, and they often opt for bespoke solutions that are specific to Mainfreights business. Waiheke Island marina re-hearing denied, Kennedy Point project to proceed - NZ Herald, Kennedy Point marina construction starting, berths sold from $180k each - NZ Herald, Opponents lose Appeal Court attempt against Waiheke's first commercial marina - NZ Herald. "Some of it comes from within, some comes from experience, knowing what works and what doesn't. Mainfreight is a global supply chain company that prides itself for having "special people, special company" . madness, quite extreme. Braid says Plested's vision is for the future. Today he chairs a group of telecommunication companies. Other Current Directorships: Information and Communication Services Limited (Chairman), Seronic (NZ) Limited, and his family companies. The charitys aim is to promote a love of reading in children, with a focus on lower-income families. I do want to say that there is no way wed ever go build our own email. It also has investments in Z Energy and a portfolio run by Fisher Funds. [3] [4] When the company was founded it entered a highly regulated transport market. 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. Mair is the youngest of three. If you do not want us and our partners to use cookies and personal data for these additional purposes, click 'Reject all'. It's the answer to poverty," says Mainfreight co-founder Bruce Plested. Institutional investors commonly compare their own returns to the returns of a commonly followed index. Reporting is done weekly. Mainfreight was founded on 6 March 1978 by Bruce Plested who started the company with just $ 7,200 and a 1969 Bedford truck. The definition of company insiders can be subjective and does vary between jurisdictions. We wont charge for 10 days. Of initial expressions of interest in berths, 68 per cent have indicated they are Waiheke ratepayers, Mair says. [2] In 1979, Bruce Plested partnered with Neil Graham, with Graham based in Christchurch and Plested in Auckland. Precinct's portfolio will be valued at $3.3 billion at the end of June. . Mainfreight was founded on 6 March 1978 by Bruce Plested who started the company with just $7,200 and a 1969 Bedford truck. Generally. 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. enter your email and well send you details, Mainfreight's Bruce Plested's love of books has benefited charity. This risk is higher in a company without a history of growth. His intellect and pragmatic approach is highly regarded at the Board table. It's a tough venue to weave into . We, Yahoo, are part of the Yahoo family of brands. Market close: Mainfreight chairman Bruce Plested sells $75 million Within four months of the sale, that system was ripped out and replaced by Mainfreights bespoke system at a cost of $25,000 and the finance team reduced to three people. Kitt Littlejohn, an independent director of the marina business, says construction began in March because a valid resource consent existed. Mainfreight founder turns eye to social and environmental issues - Stuff Whilst describing the foundation of Mainfreight in 2000, Plested said to the New Zealand Herald, "We moved all our freight by sea between Auckland, and Christchurch and Dunedin, and we worked weekend shifts to make sure we loaded and unloaded the ship using the whole of the seven days - we found that was faster and more reliable than our big competitors."[4]. Located in a very diverse region rich in assets, not only geographically (relief, climate), but also economic and human, the Lyon-Grenoble Auvergne-Rhne-Alpes is the latest INRAE centre to be created. Aligned with shareholders. Plested is within a hair's breadth of becoming a billionaire - on paper at least - from his Mainfreight stake alone when the shares hit an all-time high $60.10 yesterday, valuing the 16.2 million shares he directly owns or oversees as a trustee at $974.7 million.The shares were trading this morning at $59.30 for a valuation of $960.55 million for A "living wage" is paid, Plested has contributed to the Maori Party, and Mainfreight also sponsors a school in Otara. "Each person has responsibility for what they do. Its the end of the road at Mainfreight for CIO Kevin Drinkwater, who officially retires on 31 December 2020. 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.". In one example, the company had spent $20 million on an accounting system and had 50 people in its finance team. His visits to our local and overseas operations guide our teams to be sales-focused and always aiming for operational excellence. In his 35-year career, Kevin Drinkwater has seen tremendous change and many fads. 2 Trust's extensive shareholding at $75 a share. Luke Carran on LinkedIn: Per Angusta Ad Augusta. Appointment to Board 1978 - With Mainfreight since 1978. Profile. Bruce George Plested founded Mainfreight Ltd. So it went to the Court of Appeal, which also said no. Liked by Tansy Austin. enter your email and well send you details. Richard has been elected a fellow of the Chartered Institute of Logistics and Transport. Get in touch with us directly. Executive Summary. It was founded by Bruce Plested in 1978 and headquartered in Auckland, New Zealand with 5,771 employees and over 240 branches across Australia, China, Europe, New Zealand and the United. Plested's. He recalls the money was for spending, not investing. They put it up for sale in 2012 with an asking price of. Top 10 UPS Competitors in 2023 At Mainfreight we all eat at one big long table.". Mainfreight chair and NBR Lister Bruce Plested has sold $75 million in Mainfreight shares to buy more property in Waiheke. Other Current Directorships: Member of the CFO Advisory Board, Auckland University Business School, Member of the Board of Trustees of Dress for Success Incorporated, and private family companies. Tansy Austin - Health and Safety - Mainfreight | LinkedIn [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. Nearly 30 years ago the billionaire helped kick-start the Duffy Books in Homes programme, along with writer Alan Duff and philanthropist Christine Fernyhough. The Group MD & Director of Mainfreight Limited (NZSE:MFT - Yahoo Taking a look at our data on the ownership groups (below), it seems that institutional investors have bought into the company. Asia, and the United States. Plested is a thinker. Liked by Brad Greer. Northport, a joint venture between Port of Tauranga and Marsden Maritime Holdings, is spending $8m on container infrastructure as volumes increase. Me Today has opened its $3.75m offer of shares to retail investors at 8.8c a share to help fund the purchase of King Honey, and Me Today's share price slipped 0.005c or 4.46 per cent to 10.7c. This is a world where budgets are deemed 'bullshit'. Our data reflects individual insiders, capturing board members at the very least. Despite continued strong volume of Board meetings. The company management answer to the board and the latter should represent the interests of shareholders. [2] In 1979, Bruce Plested partnered with Neil Graham, with Graham based in Christchurch and Plested in Auckland. Between 1994 and 1997 Mainfreight started acquiring former competitors, such as, Daily Freightways and Chem Couriers in 1994, a 75% shareholding in Lep New Zealand in 1996, and Combined Haulage and Senco Haulage in 1997. Mainfreight commenced operations in Auckland in 1978 and is the largest freight company in New Zealand. In 2006 when we created our new data centre, I was concerned there wasnt enough room in that footprintits not much bigger than a meeting room. Big giver: Mainfreight's Bruce Plested | BusinessDesk He built a billion-dollar logistics business, starting with a single Bedford truck in the 1970s. As Chairman and Founder, Bruce shares his vision for the Company with the Mainfreight team, bringing a particular focus to quality and our culture. If you would like to customise your choices, click 'Manage privacy settings'. Chia Sisters introduces game-changing drinks packaging taking inspiration from an unexpected sector. Plans to develop Waiheke Island's first marina are opposed by Mori as well as rich-lister Bruce Plested, chairman and founder of Mainfreight with a $6.8 billion market capitalisation. If youre in the kitchen or the branch manager, you get the same amount of dollars based on your branchs performance, Drinkwater says. The philanthropist was recognised at the New Zealander of the Year awards. It has a market capitalization of NZ$6.8b. We note that hedge funds don't have a meaningful investment in Mainfreight. They can and probably do influence decisions on executive compensation, dividend policies and proposed business acquisitions. "At the moment, you only need to go 200m off from Oneroa and discharge." The port company is well advanced with its new 350m long wharf, having installed 380 of the 400 piles, constructed 35 per cent of the deck and completed more than half of the dredging. In March 2011, Mainfreight entered the European market with the acquisition of Netherlands-based company Wim Bosman Group for 120 million; or $227 million. [8], Headquartered in 's-Heerenberg, The Netherlands, Wim Bosman is privately held and operates more than 1,000 transport units, manage more than 275,000m2 of cross-docking facilities and warehouse area, and employ roughly 1,414 staff within 14 branches located in The Netherlands, Belgium, France, Romania, Poland, and Russia. Mainfreight founder says bonuses help solve inequality and - Stuff Berths are 10m, 12m, 14m and 16m: "When I started, the average berth length at Westharbour around 1980 was 9m but now the average is 18m.". Nearly a third of the trading value was in Mainfreight, which fell $1.80 or 2.33 per cent to $75.30. 1. It's all part of the firms celebrated Mainfreight way. This reading helps inform Plesteds world views and contributes toward his impassioned statements on climate change and the need for better education standards. When an insider holds a sizeable amount of a company's stock,. On March 9, Heron Construction Co sent in the 180-tonne barge Calliope, a 50m x 20m structure topped by a 150ft beam crane, able to lift the heavy gear into place at Kennedy Point. The government must focus on supporting exporters to innovate. Founded by Bruce Plested who started the company with just NZD$7000.00 and a 1969 Bedford Truck. Mainfreight Limited is a listedNew Zealand logistics and transport company headquartered in Auckland. SUPPLIED Bruce Plested - founder of Mainfreight - has fired a salvo about social issues facing New Zealand ahead of national elections. Mainfreights newest regions, Asia, Europe and The Americas (spanning from Canada to South America), are expected to grow exponentially as the world trade shifts towards other developing countries. That barge was tagged by protesters "we don't want u!!". Stay informed on business, government and financial developments across New Zealand from our team of 27 journalists. A year later they had nearly doubled in value to $11.10m. Port of Tauranga was up 4c to $7.30, and Marsden was down 3c to $6.02. Thats why we divide the profit at the branch evenly. Together we believe that for our tamariki "Anything is Possible.". In New Zealand, Mainfreight has partnered with Spark on an internet of things (IoT) network to keep track of shipments, and this effort may extend to more analytical capability. Property market metrics show the national average asking price is now almost $100,000 down on a year ago. Last period it bought $2.88m worth of them. Target operate domestic and international time-sensitive freight-forwarding and logistics services through its wholly owned subsidiary, Target Logistic Services. Mainfreight started building its offshore business with move into the Australian market in 1989, driven by vision to provide logistics/technology-based bridge that would allow customers . Mainfreight founder and chairman Bruce Plested. Mainfreight employees are empowered to make decisions. "I don't look at myself as a developer. This article by Simply Wall St is general in nature. The certification is based. Mainfreight - Alchetron, The Free Social Encyclopedia After the 1987 sharemarket crash and the firm's end, Mair founded a construction company and built the wharf in the Chatham Islands, and got the contract to repair thousands of metres of wharves in Auckland and Onehunga, including at the naval base. We note that hedge funds don't have a meaningful investment in Mainfreight. The Top 200 Awards judges say he built a global transport company from nothing and has done many wonderful things along the way. Bruce George Plested founded Mainfreight Ltd. Mainfreight on LinkedIn: Northlake Warehouse Mainfreight Limited was founded in 1978 by chairman Bruce Plested. Our data suggests that Bruce Plested, who is also the company's Top Key Executive, holds the most number of shares at 15%. He earlier studied science at the Victoria University of Wellington. 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 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. But to understand Mainfreight better, we need to consider many other factors. He is also on the board of Rorohara No 2 Trust. Change to Next-generation, cloud-based ERP systems yield new levels of strategic agility and business insights. Celebrating our founder, Bruce Plested's 80th Birthday at Mainfreight Warehousing Toronto! A good Samaritan. Thats why there are so many packages out there, because consultants find it easy to sell packages. Mainfreight Ltd. provides transportation and logistics solutions. [13] The transaction was completed on 6 June 2007. 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