Local logistics company Mainfreight has reported a 77pc lift in interim profits and dividend payouts sup by a quarter.

Contact-less car recharging technology developed at the University of Auckland has been bought for $70m by a US company.

KiwiRail, the state-owned railroad, has proposed writing down its assets by $6 billion, halving their current value which is too high given the commercial realities of the business.

The crippled MV Rena could be a blot on the Bay of Plenty coastline well into next year if bad weather doesn't smash it apart and the cost of the clean-up and long salvage operation could stretch to $100 million.

Costamare told investors it purchased secondhand container ships, including the Rena, at a good time and is making a yield of 32 per cent on them.

Support will be needed from tech firms to bring this unique, ambitious project alive.

Jetstar is selling limited $7 fares today to promote its new Wellington-to-Queenstown route.

ort of Tauranga is expecting a big jump in container traffic after being chosen by the MSC shipping line as its only New Zealand stop off.