Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Mainfreight is a rapidly expanding international business, so there's no shortage of overseas postings on offer. Property market metrics show the national average asking price is now almost $100,000 down on a year ago. Mainfreight Ltd. provides transportation and logistics solutions. In addition, we use tracking cookies, which can collect information about you and follow your internet activity within our website, and possibly outside our website as well. Of initial expressions of interest in berths, 68 per cent have indicated they are Waiheke ratepayers, Mair says. At each branch the profit and loss figures are put up on the cafeteria wall. COLLIERS INTERNATIONAL BEST GROWTH STRATEGY : Mainfreight - Boldly Thats at least 10% of the branchs profit, and we paid worldwide $28 million in profit bonuses last year, Drinkwater says. 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. Mainfreight was founded on 6 March 1978 by Bruce Plested who started the company with just $ 7,200 and a 1969 Bedford truck. Much closer on the horizon are electric trucks. When the company was founded it entered a highly regulated transport market. These must have served him well, given Mainfreights current NZX number six position on market capitalisation. more. Mainfreight chair sells $75m in shares to expand Waiheke property 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. ", Bruce Plested starts Mainfreight Auckland. Bruce George Plested founded Mainfreight Ltd. 2 Trust. Few other business leaders think in terms of a 100 years or so. The Mainfreight culture is what has kept Drinkwater at the company for so long, which he describes as like you would expect a family to be. Mainfreight listed on the NZX in 1996 Mainfreight was founded on March 23, 1978 by Bruce Ples Together we believe that for our tamariki "Anything is Possible.". Bruce believes in sharing success with people who work hard. "In more recent times I just read business books, which is quite naughty, he adds. There is nothing better than having a rugby star saying I would not be an All Black if it weren't for books, says Plested. One of the critical areas that we need to improve on is using data to create more predictability, he says. Tony recalls "what we used to call the gut boat", filled with rubbish from boats, discharging near the Rangitoto Island lighthouse. Appointment to Board 1978 - With Mainfreight since 1978. People expect more, boats got bigger. Plested's. The top 10 UPS competitors are; FedEx, DB Schenker, Mainfreight, United States Postal Service, DPDgroup, Purolator, CEVA Logistics, C. H. Robinson, DHL, and YRC Worldwide. It is very interesting to see that insiders have a meaningful NZ$1.4b stake in this NZ$6.8b business. He was later joined by Neil Graham. The Group MD & Director of Mainfreight Limited (NZSE:MFT - Yahoo Mair said he had grown up at Stanley Point in the 1950s, had developed around 18 marinas here and overseas and is vowing to carry on. Ready Fire Aim: The Mainfreight Story - Penguin Mainfreight boss asks should profit sharing with staff be essential The lawsuit claimed that Wim Bosman, the former owner, had prior knowledge of a large client, Giant Bicycles, intentions to end corporate ties with the group. "It is all about visionary leadership. But David Baigent of marina opponents SKP Inc describes the project as "an offensive, elitist edifice". madness, quite extreme. INRAE center Clermont-Auvergne-Rhne-Alpes As Chairman and Founder, Bruce shares his vision for the Company with the Mainfreight team, bringing a particular focus to quality and our culture. Synlait Milk, which supplies a2 Milk, was down 9c or 2.5 per cent to $3.51. New Engineer jobs added daily. In addition to the all-hands Board meetings, the Board will have a number of . Braid says Plested's vision is for the future. In the meantime, opponent SKP hopes to go to court this month. We will remind you three times before charging you. He said it. For six years, he has fought to build an Auckland marina adjacent to SeaLink's vehicle ferry terminal and breakwater on Waiheke Island. What Kind Of Shareholders Hold The Majority In Mainfreight Limited's [5] When deregulation of land transport occurred in October 1982, Mainfreight quickly took advantage of the opportunities presented and won a large share of the freight market. Their cumulative revenue turnover for 2019 was $300.21 billion. Mainfreight was founded on 6 March 1978 by Bruce Plested who started the company with just $7,200 and a 1969 Bedford truck. 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. The Board of Directors typically meet once a month for Board meetings. SUPPLIED Bruce Plested - founder of Mainfreight - has fired a salvo about social issues facing New Zealand ahead of national elections. Mainfreight group managing director Don Braid says: "The $1000 gift was unexpected, but in a way it came as no surprise to those who had worked with Bruce for some time. [3] [4] When the company was founded it entered a highly regulated transport market. Here, he shares the lessons of his career with CIOs everywhere. Fri, 13 May 2022 "I've always been interested in education. Founding Owner & Executive. 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. Generally. Paul Ford on Auckland cricket | ESPNcricinfo Bruce believes people grow when they are given this responsibility. {{ registerForm.errors.get('password') }}, {{ registerForm.errors.get('password_confirmation') }}, {{ plans[index].attributes.old_price | currency }}, 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, Consumer confidence lifts slightly, still 'extremely low', Primary industries bear brunt of cyclone, Treasury says, Deeply researched, twice-edited and fact-checked news, Reporters in Auckland, Hamilton, Tauranga, Wellington, Christchurch and Queenstown, Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers, Access to FundSource - the deepest data on KiwiSaver and managed funds, updated daily, World news from The Economist and Bloomberg. Mainfreight Limited is a New Zealand logistics and transport company headquartered in Auckland. Plested has planted 100,000 native trees to bring bird life back to parts of the country and, Braid says, he insisted on the firm using recycle bins long before they were common. The project is downsized from the original plans. How Cisco maintains a new sustainable startup model, producing the next generation of industry-leading technologies. A good Samaritan. The latter is a charity that hands out free books to students in low-decile primary schools in the belief that children in households with books achieve better educational outcomes. Boats will discharge into facilities at the bay end of the marina. The Mainfreight instruction manual is short: Feel the fear but do it anyway. Mainfreight founder Bruce Plested battling Waiheke Island marina [9], Within its announcement, the Mainfreight sad, "Wim Bosman is a well respected, profitable organisation which will provide Mainfreight with a significant European presence and opportunity to further grow its supply chain logistic services throughout the world. MAINFREIGHT Careers and Employment | Indeed.com Top 10 UPS Competitors in 2023 He is a long-term bull on the stock and I have no issue whatsoever with his move.". His leadership is underpinned by a strong belief in Mainfreights global competency and capabilities to provide high-quality supply chain solutions for our customers. Marina services will run in hollow shafts within the new pontoons, bringing power, fresh water and fibre for communications and security cameras to each berth. Stay informed on business, government and financial developments across New Zealand from our team of 27 journalists. Its the right horses for courseswhere we have things very specific to the way we operate, then we will build it, as per our culture, in the way we do it.. 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]. transactions overall, the S&P/NZX 50 Index drifted, closing on its low for the day at 12,518.01, down 48.49 points or 0.39 per cent. Braid says over the years the chairman has designed a philosophy to run the company. "When Mainfreight was starting out, people had to work late on Thursday nights loading sea freighters. 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. I'm a life member of IPENZ (the Institute of Professional Engineers)," he says, referring to the old name of the now-rebranded professional body Engineering New Zealand. 25+ search types; Win/Lin/Mac SDK; hundreds of reviews; full evaluations. 1. [16] In 2020, CaroTrans Chile was re-branded as Mainfreight Chile. Bruce Plested - NBR | The Authority since 1970 . You can see Mainfreight's historic earnings and revenue below, but keep in mind there's always more to the story. People are given free rein and that means sometimes they make mistakes. Plesteds friend Duff said they couldnt have done the Books in Homes scheme without him, from the original seeding finance to its rent-free offices in south Auckland, and Mainfreight volunteers. Mainfreight also renamed Wim Bosman branches in the countries France, Poland, Russia and Ukraine under the Mainfreight name.[12]. They describe him as both a "rounded person who links to the commercial community" and an "extraordinary character". [4] In 1998, Mainfreight acquired Australian freight forwarder ISS Express lines, subsequently establishing an Australian international freight business. Mainfreight is a global supply chain company that prides itself for having "special people, special company" . Reminder, this is a Premium article and requires a subscription to read. Tilt's share price edged ahead 2c to $8.02. Mainfreight dominated the trading on the New Zealand sharemarket after it was revealed that its chairman Bruce Plested sold $75 million worth of shares in the transport and logistics company. As Chairman and Founder, Bruce shares his vision for the Company with the Mainfreight team, bringing a particular focus to quality and our culture. Mainfreight, formed in 1978, has 240 branches. In April 2007, Mainfreight announced its intentions to sell its Pan Orient Project Logistics business and its 75% interest in Lep Australia and New Zealand to global logistics company Agility Group for A$83 million. He will officially leave the business at the end of this year and his successor, John Eshuis, who has held finance and IT roles at Mainfreight since 2002, has been named his successor. The Founding Owner & Executive Chairman Bruce Plested made the biggest insider purchase in the last 12 months. She says Plested learned his management style growing up in blue collar Grey Lynn with Maori and Pacific neighbours. He was also involved in maritime projects in Singapore, Malaysia and Borneo followed. Nearly 30 years ago the billionaire helped kick-start the Duffy Books in Homes programme, along with writer Alan Duff and philanthropist Christine Fernyhough. Weve been very innovative to the business, he says. He imagines he follows the rules but still gets "hauled off to a concentration camp". This is a world where budgets are deemed 'bullshit'. We did a concert which raised about $40,000 for lawyers and I gave them an amount of money very similar to that three to six months ago.". Drinkwater started at Mainfreight in 1986 as its financial controller, and he has held several roles, including in sales and warehousing in New Zealand and the US. 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. [3][4], When the company was founded it entered a highly regulated transport market. It's no use just giving people more money.. Plesteds early home life was a book-filled one, and his mother would always read to her two sons. When an insider holds a sizeable amount of a company's stock,. Reporting is done weekly. The company is led by founder Bruce Plested and managing director Don Braid. Likewise, his strongly-held beliefs relating to the importance of education and of recycling/ sustainability . INRAE center Lyon-Grenoble Auvergne-Rhne-Alpes A "living wage" is paid, Plested has contributed to the Maori Party, and Mainfreight also sponsors a school in Otara. Swallows and Amazons, Arthur Ransomes perennial tale of a summer camping and sailing in the English Lake District, is one book he fondly remembers. He says Plested's motivation mixes incentives with responsibility. Plested says some households ended up with 60 books on their shelves. They had a total of 1,540,506 employees among them. 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. Mainfreight Australia Graduate Programs | GradAustralia Plested and Braid are based at unfashionable Otahuhu in South Auckland. From there, providing you have passion, the Mainfreight . To join your company account for BusinessDesk and enjoy full access, The cheapest berths went for $180,000. Its a way of saying things that couldnt be said elsewhere, Plested said. Mainfreight chair and NBR Lister Bruce Plested has sold $75 million in Mainfreight shares to buy more property in Waiheke. That barge was tagged by protesters "we don't want u!!". The Top 200 Awards judges say he built a global transport company from nothing and has done many wonderful things along the way. 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. Those iwi members are also vowing to stop the scheme, citing the kaupapa of the moana. Its share price increased 1.5c to $1.62. Of the 186 berths, 150 are pre-sold, with deposits taken of around 20 per cent and balances due as the project reaches hallmark stages. . 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. In 2007, Mainfreight acquired Target Logistics, a United States based forwarder with 34 offices, and an extensive agent network. Aligned with shareholders. Our studies suggest that the top 25 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder. Facilities for the wider boating community were, he said, a big plus on Waiheke. The charitys aim is to promote a love of reading in children, with a focus on lower-income families. During the first lockdown in March 2020 when COVID-19 was set to rage across New Zealand and mass unemployment was expected if the economy crashed, he wondered if it was time to give someone else a go at Mainfreight. Mainfreight commenced operations in Auckland in 1978 and is the largest freight company in New Zealand. He has also personally funded marinas at Tutukaka, pua and rkei. As a Government Minister, Richard was responsible for creating SOEs, deregulating telecommunications and broadcasting, reforming ports, airports, railways and aviation. The company was founded by Bruce G. Plested in 1978 and is headquartered in Auckland, New Zealand. Local firm Heron Construction has the manufacturing rights for that system here and Mair has been to Sweden to meet the firm's chiefs. The relationship has been ongoing. Mair is using Swedish technology from a floating marine business in Gothenburg. Change to Next-generation, cloud-based ERP systems yield new levels of strategic agility and business insights. Third year in a row Milford has been awarded the Consumer People's Choice for KiwiSaver by Consumer NZ. He brings strong financial skills and business acumen to the role. To get the disclaimer out of the way, Mainfreight's founder and chair Bruce Plested is not only a member of the Initiative. He has also lent his considerable support to not-for-profit organisations such as the Starship Foundation. He has worked with author Alan Duff to put books in the homes of poorer children. -Warehouse BDM / ()_Warehouse BDM / () When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. The hidden mansions of Billionaire's Bay | Stuff.co.nz "It's about creating a feeling of whanau. Mainfreight - Bairds Mainfreight Primary School Recent reads includeKleptomania: How Dirty Money is Conquering the World by Tom Burgiss, and Affluenza by Oliver James, a treatise on how consumerism on steroids is making people miserable and unfulfilled. Books are handed out at some 510 participating schools, often with a role model on hand. The speed of data transmission and the power of the compute has increased exponentially, while software solutions have become more efficient, and hardware has de-scaled. Duffs confidence in Mainfreight has led to the charity taking a large stake in the company. Since then, we have grown to become a global logistics provider with over 11,387 team members across 26 countries, including . Mainfreight group managing director, Don Braid, (l) and chairman, Bruce Plested. [7] This takeover was in response to the purchase of Tranz Rail by Australian transport firm Toll Holdings. Mainfreight - Wikipedia We, Yahoo, are part of the Yahoo family of brands. Ultimately the future is most important. Thats why we divide the profit at the branch evenly. The firm offers managed warehousing and international and domestic freight forwarding services. Essentially the company helps firms move and store goods from A to B via land, air and sea. Having started his own freight business in 1978 when he set out with $7200 and an old Bedford truck, 78-year-old Plested now chairs a global juggernaut that goes from strength to strength. They make their own decisions and have autonomy, but they want 'Dad' to be happy with them. What sort of money? 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. "It's a small part of his overall holding and I suspect it would have pained him to sell. Founded in 1969 as Dunedin Customs Brokers Ltd, DCB International provides international air and sea freight services from Dunedin. Mainfreight is hosting a BBQ for customers, family and friends on September 22nd! Its his view that many CIOs fall into the cloud sprawl trap. 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. The Centre is part of a particularly dynamic ecosystem, within the second French . Mainfreight founder Bruce Plested, who started the firm in 1978, remains involved as board chairman, and the average tenure of Mainfreight's global leadership team is 20 years, Bowley. Today he chairs a group of telecommunication companies. The index's intraday high was 12,587.68 points. He sets high standards for himself and has created a family atmosphere where people want to prove their worth to him. He notes that Mainfreight favours a sustainable approach through programmes such as recycling water, installing solar panels, deploying hybrid and electric vehicles in its car fleet, and favouring rail over road where possible. Plested's secretary Carol Selwyn says she doesn't do slow: "It would be hard to work for anyone who moves slower than I do." No matter what level you are at, people care for each other, and thats demonstrated in many ways. He is also on the board of Rorohara No 2 Trust. In 2008, the United States locations were re-branded as Mainfreight USA. The Mainfreight instruction manual is short: Feel the fear but do it anyway. Copyright 2023 IDG Communications, Inc. We were spellbound.. We can see that Mainfreight does have institutional investors; and they hold a good portion of the company's stock. Daughter Sarah Mair is marketing and sales manager and Tony Mair says more than 1000 people are on the company's database, updated about the project's progress. Likewise, his strongly-held beliefs relating to the importance of education and of recycling/ sustainability . Target operate domestic and international time-sensitive freight-forwarding and logistics services through its wholly owned subsidiary, Target Logistic Services. His visits to our local and overseas operations guide our teams to be sales-focused and always aiming for operational excellence. Jeremy Serrurier posted on LinkedIn Mainfreight Limited was founded in 1978 by chairman Bruce Plested. "I just give SKP money so it's more of an even fight. Find out Normally institutions would own a significant portion of a company this size. A Ferry-Commute from Auckland, Waiheke Island Offers Sun, Sand and Wine In one example, the company had spent $20 million on an accounting system and had 50 people in its finance team. In looking back at his career, Drinkwater tells CIO New Zealand there are two ways for CIOs to measure their success: One is whether the solutions they deploy are better than people expected, and the other is whether the business keeps wanting to spend money on technology. It was a Chia Sisters introduces game-changing drinks packaging taking inspiration from an unexpected sector. At the time Plested said he just wanted to say thank you to the people who had given him so much. Richard Prebble is by profession a lawyer. As for new sector-specific technologies, he says that driverless trucks are on their way but the technology isnt here yet. A licence from New Zealand Railways Corporation was needed to carry freight over 150km. Bruce G Plested, Mainfreight Ltd: Profile and Biography In 2016, when Auckland Council granted consent, SKP appealed that to the Environment Court but was refused and the consent was upheld. Latest Mainfreight share price and news. Follow MFT on the NZX Small company shows how the power of digital can transform lives. Notably, that recent purchase by Bruce Plested is the biggest insider purchase of Mainfreight shares that we've seen in the last year. 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. This may not be consistent with full year annual report figures. Shares go up and down.". While they have used off-the-shelf solutions (or packages, as he describes them), Drinkwater says these often dont meet the needs of the business. He built a billion-dollar logistics business, starting with a single Bedford truck in the 1970s. He was later joined by Neil Graham. Nearly a third of the trading value was in Mainfreight, which fell $1.80 or 2.33 per cent to $75.30. Many of us here believe in the same principles, we're here for the long term. transactions overall, the S&P/NZX 50 Index drifted, closing on its low for the day at 12,518.01, down 48.49 points or 0.39 per cent. Mainfreight CEO and Executives. "Some of it comes from within, some comes from experience, knowing what works and what doesn't. Online (PDF) Ready Fire Aim The Mainfreight Story Download | The Pranitas Brad Greer - National Business Development Manager - Mainfreight - LinkedIn
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