In 2001, Mainfreights management decided that technology needed a global role, and Drinkwater became CIO. Since then, we have grown to become a global logistics provider with over 11,387 team members across 26 countries, including . Mainfreight was founded on 6 March 1978 by Bruce Plested who started the company with just $ 7,200 and a 1969 Bedford truck. They describe him as both a "rounded person who links to the commercial community" and an "extraordinary character". The TimeOut Charitable Trust connects holiday homeowners with the terminally ill and their families, offering them a chance to make lasting memories together. 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. He earlier studied science at the Victoria University of Wellington. He says education is an area where New Zealand could improve by teaching students how to create new technology, rather than just be passive users of it. [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. Most would say this shows a good degree of alignment with shareholders, especially in a company of this size. Reporting directly to the CEOfirst to founder Bruce Plested, and then to Don Braidhe has been involved in every milestone of a business that has largely grown through acquisition. Nearly a third of the trading value was in Mainfreight, which fell $1.80 or 2.33 per cent to $75.30. 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. "We'd find a soft spot and dig eight to 10ft in and find these cannonballs," recalls the engineer, now in his mid-70s. She says Plested learned his management style growing up in blue collar Grey Lynn with Maori and Pacific neighbours. [16] In 2020, CaroTrans Chile was re-branded as Mainfreight Chile. No matter what level you are at, people care for each other, and thats demonstrated in many ways. In 2016, when Auckland Council granted consent, SKP appealed that to the Environment Court but was refused and the consent was upheld. Mainfreight employees are empowered to make decisions. In the 12 months ended June 2021, the Alan Duff Charitable Foundation received $3.65 million, mostly grants and donations, and included a $110,000 investment dividend. The pair see books and reading as a way to get people out of the poverty trap. One broker, who didn't want to be named, said Plested no doubt sold the shares to buy an asset. 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. A "living wage" is paid, Plested has contributed to the Maori Party, and Mainfreight also sponsors a school in Otara. Mainfreight Americas 21,433 followers 7mo Hey there Dallas, TX! He imagines he follows the rules but still gets "hauled off to a concentration camp". He recalls how he and friends would swing off ropes on to the cliffs beneath what is now the Devon Park apartment tower at Stanley Point to dig large metal object out of the banks. Subscribe to our free 7am Headlines newsletter. Kitt Littlejohn, an independent director of the marina business, says construction began in March because a valid resource consent existed. [7] This takeover was in response to the purchase of Tranz Rail by Australian transport firm Toll Holdings. Click on [Agree] or [Disagree] to accept or refuse cookies. mainfreight 250bruce plested1978 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. more. Mainfreight executive chairman Bruce Plested is the winner of the Deloitte Top 200 Visionary Leader 2014 Award. Mainfreight Limited is a listedNew Zealand logistics and transport company headquartered in Auckland. Mainfreight commenced operations in Auckland in 1978 and is the largest freight company in New Zealand. To join your company account for BusinessDesk and enjoy full access, 3. He has worked with author Alan Duff to put books in the homes of poorer children. In the meantime, opponent SKP hopes to go to court this month. 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. Mainfreight group managing director, Don Braid, (l) and chairman, Bruce Plested. In March 2011, Mainfreight entered the European market with the acquisition of Netherlands-based company Wim Bosman Group for 120 million; or $227 million. The company management answer to the board and the latter should represent the interests of shareholders. He imagines he follows the rules but still gets "hauled off to a concentration camp". I just liked reading and it was regarded as being very important at school, he told BusinessDesk, recalling his most memorable teacher was one who was always reading to students. Local firm Heron Construction has the manufacturing rights for that system here and Mair has been to Sweden to meet the firm's chiefs. For more information, please visit our cookie statement. Mainfreight commenced operations in Auckland in 1978 and is the largest freight company in New Zealand. Other Current Significant Directorships and Trusteeships: BUPA ANZ Pty Limited (Chairman), Adherium Limited, Clearspan Limited, Thinxtra Australia, Starship Foundation, Massey University Foundation. This can be incompatible with technology, which is constantly changing. His visits to our local and overseas operations guide our teams to be sales-focused and always aiming for operational excellence. Ngti Poa iwi members have also been camping at the site where Mair's business began development in early March. Those iwi members are also vowing to stop the scheme, citing the kaupapa of the moana. We can see that Mainfreight does have institutional investors; and they hold a good portion of the company's stock. 1, and in 2020 No. Bruce is a one-off," Duff said. If you would like to customise your choices, click 'Manage privacy settings'. 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. Plested continues to be an avid reader, and lately novels have been saved for plane trips, whereas Plested prefers them to in-flight movies. Mair did an engineering degree in Auckland in the early 1970s, then worked for the once-great Wilkins & Davies. 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 -. Change to Next-generation, cloud-based ERP systems yield new levels of strategic agility and business insights. [4] This operation was expanded with depots in Melbourne and Brisbane. He built a billion-dollar logistics business, starting with a single Bedford truck in the 1970s. 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. I love the cloud concept; I dont like the cost so we have a fraction of our compute in the cloud ,and [yet] it costs us almost as much as all the HPE equipment we have in our primary and secondary data centres.. This may not be consistent with full year annual report figures. The government must focus on supporting exporters to innovate. In 2003 Mainfreight bought Owens Group, one of New Zealand's largest trucking firms. 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. Visit Lyon. 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. 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. It isnt only schools that lack technology know-how, its also company boards, where Drinkwater says they are often led by consultants. People are given free rein and that means sometimes they make mistakes. Simply Wall St has no position in any stocks mentioned.Have feedback on this article? 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]. During his tenure, Drinkwater has witnessed huge changes in technology. The Top 200 Awards judges say he built a global transport company from nothing. [4] In 1998, Mainfreight acquired Australian freight forwarder ISS Express lines, subsequently establishing an Australian international freight business. 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. . He has also lent his considerable support to not-for-profit organisations such as the Starship Foundation. 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. Tilt's share price edged ahead 2c to $8.02. The firm's Australian domestic freight and logistics division, Mainfreight Distribution, began operations in 1989, with an operation in Sydney. Bruce G Plested, Mainfreight Ltd: Profile and Biography - Bloomberg Markets Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and. 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. Insights Newsletter. Please note that with cookies disabled you will have a degraded experience with some features. He was sent to the Bluff aluminium smelter and Manapouri underground power projects, helped drive a 500m channel through a Samoan coral reef, and helped build 48 bridges in Fiji. 1. Selwyn has worked with Plested for 41 years, since before he started Mainfreight. I do want to say that there is no way wed ever go build our own email. Leisure and travel stocks SkyCity Entertainment rebounded 10c or 2.9 per cent to $3.55; Serko gained 30c or 4.23 per cent to a new high of $7.40; and Tourism Holdings increased 4c to $2.57. That barge was tagged by protesters "we don't want u!!". All subscriptions auto renew but are easy to cancel. 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. 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. Generally. In November 2014, Mainfreight acquired a regional air and sea freight company located in Dunedin. "It turned out to be the best money they ever made, Plested admits. He sets high standards for himself and has created a family atmosphere where people want to prove their worth to him. Current positions of Bruce Plested Holdings of Bruce Plested Bruce Plested : Personal Network 04/04 They make their own decisions and have autonomy, but they want 'Dad' to be happy with them. As Chairman and Founder, Bruce shares his vision for the Company with the Mainfreight team, bringing a particular focus to quality and our culture. Northport is forecasting a 15 per cent lift in container traffic volume for the financial year ending June. Mainfreight was founded on 6 March 1978 by Bruce Plested who started the company with just $7,200 and a 1969 Bedford truck. You will be charged in 10 days unless you cancel beforehand. All berths beside the wharf, closest to the land, are pre-sold. As for new sector-specific technologies, he says that driverless trucks are on their way but the technology isnt here yet. 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 Plested's stake.Feted We had trouble validating your card. The government must focus on supporting exporters to innovate. Or use the information youve already given Google to create your subscription. These must have served him well, given Mainfreights current NZX number six position on market capitalisation. 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. What sort of money? Mainfreight also renamed Wim Bosman branches in the countries France, Poland, Russia and Ukraine under the Mainfreight name.[12]. This reading helps inform Plesteds world views and contributes toward his impassioned statements on climate change and the need for better education standards. That will be a jack-up barge with a drilling rig, able to work on the 26 reinforced concrete piles for the new wharf. You can access this free report on analyst forecasts for the company. Mainfreight is a pretty big company. 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. As Chairman and Founder, Bruce shares his vision for the Company with the Mainfreight team, bringing a particular focus to quality and our culture. Mair is using Swedish technology from a floating marine business in Gothenburg. Plesteds early home life was a book-filled one, and his mother would always read to her two sons. In 1979, he was asked to build a new marina at Westharbour (now called Hobsonville Marina). DCB had a staff base of five employees on the date of acquisition, however, staff was expected to rise to seven employees. Bruce George Plested founded Mainfreight Ltd. There's more to the man's generosity than this example. He is fiercely proud of the Mainfreight culture seeing this as a key reason customers choose Mainfreight over the competition. "I went crook at Alan. [2] In 1979, Bruce Plested partnered with Neil Graham, with Graham based in Christchurch and Plested in Auckland. 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. Baigent said late last year that the organisation hoped for a result by around April and he indicated SKP was well-resourced to carry out the half-decade stoush. When an insider holds a sizeable amount of a company's stock,. Meal kit company My Food Bag rose 6c or 4.26 per cent to $1.47 after telling the market it will be using social enterprise firm GoGo's carbon footprint tracker app. 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. Liked by Tansy Austin. Global marketer a2 Milk's recovery ran out of puff after falling 18c or 2.93 per cent to $5.97. Aligned with shareholders. Nearly 30 years ago the billionaire helped kick-start the Duffy Books in Homes programme, along with writer Alan Duff and philanthropist Christine Fernyhough. Ideas. 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. And Drinkwater says that COVID-19 has changed the nature of work irrevocably by showing that working from homeor from anywhereis achievable at scale. [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. Plested and Braid are based at unfashionable Otahuhu in South Auckland. [3] [4] When the company was founded it entered a highly regulated transport market.
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