ERoad sales growth slows in first quarter as buyers delay purchases

Mon, 09 Jul 2018

By Paul McBeth July 10 (BusinessDesk) - ERoad registered slower first-quarter growth than anticipated as prospective buyers put off their purchasing decisions across Australasia and in North America, after a period of rapid expansion in the US. The Auckland-based logistics and fleet management firm added 4,172, or 5 percent, total contracted units in the three months ended June 30, with sales in Australia and New Zealand up 4 percent and North America up 9 percent. That takes annualised growth to 22 percent across the group, with sales r...

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