Mainfreight
Mainfreight Limited (NZX: MFT) is a New Zealand based trucking and logistics firm operating in Australia, China, the United States of America and New Zealand. Bruce Plested founded the firm in 1978, with $2700 and a 1969 Bedford truck. He was later joined by Neil Graham. When the firm was founded, it entered a highly regulated transport market. A licence from New Zealand Railways Corporation was needed to carry freight over 150 km. When deregulation of land transport occurred in 1982, the firm quickly took advantage of the opportunities presented and won a large share of the freight market. Currently, the New Zealand arm of Mainfreight operates over 500 trucks in its various divisions.
The firm listed on the New Zealand Stock Exchange in 1996. Former Minister of Railways Richard Prebble is a director of Mainfreight.
Read more about Mainfreight: Mainfreight Distribution, Mainfreight International, Owens Takeover, Target Logistics Acquisition, Community Involvement