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Mainfreight

Mainfreight Limited
Formerly called
Mainfreight Transport Limited
Public
Traded as NZX: MFT
Industry Logistics
Founded 6 March 1978; 39 years ago (6 March 1978) in Auckland, New Zealand
Founder Bruce Plested
Neil Graham ONZM
Headquarters 2 Railway Lane, Otahuhu, Auckland, New Zealand
Number of locations
239 (2016)
Area served
Worldwide
Key people
Bruce Plested (Chairman)
Services Transport, Logistics, Freight Forwarding,
Revenue NZ$2,280 million  (2016)
Number of employees
6,440 (2016)
Subsidiaries Daily Freight (NZ), Carotrans (Worldwide), Owens (AU/NZ), ChemCouriers (AU/NZ) Wim Bosman (EU)
Website www.mainfreight.com

Mainfreight Limited is a listed-New Zealand logistics and transport company headquartered in Auckland. Mainfreight commenced operations in Auckland in 1978 and is the largest freight company in New Zealand. Mainfreight listed on the NZX in 1996

Mainfreight was founded on March 23, 1978 by Bruce Plested who started the company with just $7,200.00 and a 1969 Bedford Truck. In 1979, Bruce Plested partnered with Neil Graham, with Mr Graham taking over the running of the business.

When the company 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 October 1982, Mainfreight quickly took advantage of the opportunities presented and won a large share of the freight market. Whilst describing the foundation of Mainfreight in 2000, Mr Plested said to the New Zealand Herald, "We moved all our freight by sea between Auckland, and Christchurch and Dunedin, and we worked weekend shifts to make sure we loaded and unloaded the ship using the whole of the seven days - we found that was faster and more reliable than our big competitors."

The firm's Australian domestic freight and logistics division, Mainfreight Distribution, began operations in 1989, with an operation in Sydney. This operation was expanded with depots in Melbourne and Brisbane. It now has nine company depots in Australia and relies on agents and third parties in the Northern Territory, Tasmania and regional Australia.

Mainfreight International was Mainfreight's first international sea and airfreight business and was started in 1984 by Bruce Plested's brother Gerald. They established agencies in the early days with Australian, Pacific Island and United States freight forwarders and the established agents in most major trading partner countries of New Zealand.

Mainfreight has international operations in the USA through its CaroTrans International Inc and most recently Mainfreight International Inc businesses after the 2007 acquisition of Target Logistics, in Asia (nine branches in China, one each in Taiwan, Singapore and Hong Kong). In 2007, Mainfreight acquired Target Logistics, a U.S. based forwarder with 34 U.S. offices, and an extensive agent network. In 2008, the U.S. locations were re-branded as Mainfreight USA.


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