Latest Transportation News

South Port New Zealand is navigating a significant leadership transition with CEO Nigel Gear stepping down after 8.5 years, replaced by port veteran Derek Nind, while Chair Philip Cory-Wright plans retirement. The company reports strong trading momentum, aiming for a record full year despite geopolitical uncertainties.

Napier Port reported a robust half-year performance with an 8.8% revenue rise to NZ$84.9 million and underlying net profit after tax up 21.5%, driven by container services growth and key infrastructure projects progressing on schedule.

Aurizon reports volume growth across coal, bulk, and container freight for ten months to April, maintaining FY2026 EBITDA and dividend guidance amid a temporary $10 million fuel cost timing hit.

Janus Electric has unveiled a comprehensive growth strategy targeting over 1,600 electrified heavy trucks by FY29, leveraging its unique retrofit and battery swap technology across multiple international markets.

Virgin Australia navigates a doubling of jet fuel prices with robust hedging and fare adjustments, maintaining its FY26 earnings outlook despite rising costs.

Janus Electric has locked in two California HVIP vouchers worth US$112,500 each for its initial US vehicle conversions, validating its tech under a key decarbonisation program. It also inked a non-binding MOU with Energy One to explore battery swap and charging infrastructure for Class 8 freight trucks across North America.

Qantas has sharply revised its FY26 outlook as jet fuel prices soar, doubling its international unit revenue growth forecast while trimming domestic capacity and deferring its share buyback.

Kelsian Group’s UK arm has clinched a five-year Liverpool bus franchising contract worth $80 million, marking a strategic foothold in the UK’s evolving public transport sector.

Janus Electric has appointed Lynx Advisors and Spark Plus to bolster its capital strategy and investor engagement while settling longstanding disputes with Kjøller A/S. The company also ends its agreement with EVUNI, opening new partnership opportunities.

Auckland International Airport confirms the share allotment price for its Dividend Reinvestment Plan tied to the 2025 half-year dividend, signalling steady shareholder returns.

Qantas Airways has updated its interim dividend announcement, confirming a fully franked payment of AUD 0.198 per share for the half-year ending December 2025, with a clarified NZD equivalent amount.

Air New Zealand has halted its full-year 2026 earnings guidance following a sharp spike in jet fuel prices triggered by Middle East conflict, introducing uncertainty into its financial outlook.