FRE, MFT, MOV-3 freight & logistic stocks to keep an eye on in May

Highlights Vaccinated Australians and permanent residents entered NZ without undergoing any quarantine on Wednesday. Air NZ announced that domestic passengers would not have to show vaccination proof or a negative COVID-19 report from Thursday....

Highlights The aviation sector is the powerhouse of the economy as it generates economic growth Air New Zealand announces its Rights Offer Auckland International Airport appoints a new independent director who has been associated with top NZ-b...

Napier Port (NZX.NPH) on Monday announced an update on 1HFY22 trade volumes and earnings guidance.   For the six months till March 31, container volumes decreased by 16.6% and bulk cargo volumes were down by 8.7% over pcp. The fall in cargo ...

Highlights NZ’s logistics industry is well structured and has experienced strong growth in last few years Freightways records impressive HY22 performance, paid dividend this month Mainfreight suspends operations in Russia, owing to the R...

Highlights AIR NZ’s shares were trading lower by 9.5% at $0.86 on Wednesday. The airline plans to raise equity capital through a discounted rights issue and redeemable shares. Trading in Air NZ’s rights offer began today. Air ...

Highlights NZ ports report slower services due to the Omicron outbreak. The ports expect a lower throughput due to disruptions and closed borders. The workforce impacted due to self-isolation practices. Many ports have warned shipping com...

Highlights The logistics sector of any country plays a crucial role in transferring goods from the point of source to the point of consumption. Mainfreight suspended its logistics services in and out of Russia on 9 March due to the ongoing conf...

Highlights Air NZ to start direct flights from Auckland to NYC from September 2022. The flight will operate 3 times a week using a Boeing 787-9 Dreamliner. Air NZ announced on Wednesday that it would be relaunching its non-stop Auckland to...

Highlights NZ has announced plans to reopen its borders after remaining closed for nearly 2 years. However, many factors can affect the sector’s recovery. AIR NZ may increase its airfares on international flights and expects to incur a ...

Highlights  Armstrong dealership has deferred its listings plans on the share market. It will wait for stable market conditions to emerge. The company says market turbulence, macro-economic conditions and the Russia-Ukraine war are all cr...