TIL Logistics to change to Move Logistics Group

ADMIN
Wed, Jul 28 2021 08:30 am

New Zealand freight and logistics company, TIL Logistics Group Limited (NZX: TLL), has unveiled its new name – MOVe Logistics Group Limited– signalling a new era in the company’s 150+ year history.

From its origins as a regional transport company, TIL has been moving goods across New Zealand since 1869. It has now evolved into one of the country’s largest freight and logistics providers, offering services across five divisions – Freight, Logistics & Warehousing, Fuel, International and Specialist Lifting & Transport. Moving forward, each of these divisions will operate under the MOVe brand, bringing together the company’s diverse range of services into one integrated end- to-end supply chain logistics solution for customers.

The group is proud of its transport and logistics-related businesses, the deep history associated with many of them and the essential role that they play in the New Zealand economy. Not only does the new name – MOVe – capture the essence of what the company offers, it also builds on the heritage of the past to ‘move ahead’ as it looks to become the preferred transport and logistics provider both in New Zealand and beyond.

Chairman of MOVe Logistics Group, Trevor Janes, said: “Our customers are increasingly wanting an end-to-end supply chain solution which we can provide with our nationwide network and range of services. It makes sense to bring our brands and businesses together under one banner. This unified approach and a more united brand presence will make it easier for us to be seen … and easier for our customers to identify the group as a whole, providing a connected range of transport and logistics solutions.

“We have an outstanding team, a great business and now, a new name. Our people are excited to be part of a strong team and a new brand that moves us into the future. Apart from the name change, it is business as usual – we will be providing the same great services our customers have become accustomed to, from the same great people.”

The sloping orange banner reflects the speed and agility of the business as well as building on the heritage of the original Hooker and TIL brands.

“We are committed to creating a sustainable business that builds on the past 150 years and takes us into the future. Our people are fundamental to our business, and we are committed to creating great career pathways in an industry that is essential to New Zealand’s economy. Investing in health and safety is also an essential part of our business, with digital technologies playing an important part in ensuring we lead the way in this critical area.

“We are also investigating alternative fuels such as hydrogen, are piloting an electric truck on our Auckland metro route and are investing in new trucks which use advanced diesel engine technologies to reduce emissions and in-cab technology to ensure the best possible driver behaviour - another positive and important factor in lowering fuel consumption and emissions.”

“We are excited about the potential for our sector and for the future of MOVe Logistics Group.”

The name change will take effect on the NZX on 4 August 2021. On that date, the NZX ticker code will change from TLL to MOV. The ISIN number will remain unchanged. The company’s website will change to www.movelogistics.com.

ENDS

About MOVe Logistics Group Limited (MOV)

MOVe is one of the largest domestic freight and logistics businesses in New Zealand, with a nationwide network of branches, depots and warehouses. MOVe operates through five divisions – Freight, Logistics & Warehousing, Fuel, International and Specialist Lifting & Transport.

Announcement PDF

Markets News

Markets market close
NZ shares fall as market rally evaporates
Dan Brunskill | Wed, 29 Jun 2022

A survey showed US consumer confidence was at its lowest since 2013.

Infrastructure
Kiwi chair Mark Ford says property values may fall 5-10%
Jenny Ruth | Wed, 29 Jun 2022

Many of the factors weighing on Kiwi Property's share price are beyond its control, chair Mark Ford told shareholders.

Markets
Cecilia Robinson shoulder tapped for My Food Bag board seat
Dan Brunskill | Wed, 29 Jun 2022

The serial entrepreneur kept a financial and personal stake in the company, even after its IPO last year. 

Markets
New Image fined $1.5m for 2013 Takeovers Code breaches
Staff reporters | Wed, 29 Jun 2022

New Image delisted from the New Zealand Stock Exchange in May 2013 after its major shareholder gained control. 

Markets
Air NZ gets set for post-pandemic competition with cabin refit
Dan Brunskill | Wed, 29 Jun 2022

The cabin redesign's focus on sustainability lowers operating costs for the airline and gives it a unique selling point.  

Opinion
Govt signs off on treating Fonterra fund investors badly
Jenny Ruth | Wed, 29 Jun 2022

Agriculture minister Damien O’Connor has acknowledged the fund investors may feel “unfairly prejudiced” and failure to buy them out could hurt NZ’s investment climate.

Markets FREE
Sleepy day for NZ shares
Ella Somers | Tue, 28 Jun 2022

NZ shares were lethargic this morning before getting some of the pep back in their step by the end of the day.

Markets
Carbonz wants to be the Sharesies of carbon credits
Ian Llewellyn | Tue, 28 Jun 2022

A new carbon trading platform aims to bring retail investors and landowners into the carbon market while increasing biodiversity and cutting emissions.

Markets market close
NZ sharemarket rebounds with Wall Street rally
Dan Brunskill | Mon, 27 Jun 2022

US markets rallied on Friday night as traders began thinking an economic slowdown would stop the US Federal Reserve from hiking interest rates.

News in Brief FREE
Cannasouth announces new manufacturing deal
Staff reporters | Mon, 27 Jun 2022

The medicinal cannabis company has signed a three-year deal with Harker Herbal Products.

Markets
Fletcher wowed analysts at last week’s investor day
Jenny Ruth | Mon, 27 Jun 2022

All five of the analysts’ reports BusinessDesk has seen have either “overweight” or “outperform” investment recommendations on Fletcher shares.

Markets FREE
How to survive a bear market
Dan Brunskill | Fri, 24 Jun 2022

Bear markets can be stressful but they also present opportunities for investors, says Salt Funds' Greg Fleming.  

Markets FREE
Index heavyweights pull NZ shares higher
Ella Somers | Thu, 23 Jun 2022

Peter McIntyre, an investment adviser at Craigs Investment Partners, said it had been a “strong performance” in today’s market.

Infrastructure
How we can fix New Zealand's ports – Don Braid
Brent Melville | Thu, 23 Jun 2022

The head of the multinational logistics group says having container cranes sitting idle across the country is a waste of assets

Markets Exclusive
Investment platform Stake brings stock lending to NZ
Dan Brunskill | Thu, 23 Jun 2022

The zero-brokerage fee share trading platform is looking for ways to bring in revenue and make its business model more sustainable. 

Infrastructure
Fletcher to deliver at least $850m operating earnings in 2023
Jenny Ruth | Thu, 23 Jun 2022

Fletcher Building achieved second-half profit margins of 9.5%, just below its target of 10% by the 2023 financial year.

Markets market close
NZ shares fall as Eroad near all-time low
Dan Brunskill | Wed, 22 Jun 2022

Eroad had a second day as the index’s biggest decliner, falling more than 5% to $1.57 and bringing its decline over the past year to almost 75%.

Infrastructure
Fletcher said Gib orders reached double capacity
Staff reporters | Wed, 22 Jun 2022

Fletcher's new plant at Tauriko, due to open next year, will increase industry capacity by 30%.

Infrastructure
Craigs recommends investors be ‘overweight’ Fletcher shares
Jenny Ruth | Wed, 22 Jun 2022

Even under a “bear-case scenario”, the house building pipeline should support Fletcher’s medium-to-long-term performance.

Markets FREE
NZ shares rise as recession fears ease
Ella Somers | Tue, 21 Jun 2022

Some investors in NZ’s market took the opportunity to buy up “beaten up” stock on the index today, Devon Funds' Greg Smith said.

Markets market close
NZ shares flat as recession risk puts investors off trading
Dan Brunskill | Mon, 20 Jun 2022

Trading volumes were unusually light, with US markets closed tonight for a national holiday.

Infrastructure
NZSA, Simplicity call for Fletcher chair Bruce Hassall to resign
Jenny Ruth | Mon, 20 Jun 2022

The shareholder representatives say the Fletcher board must bear ultimate responsibility for the company’s poor performance and the Gib plasterboard shortage.

Markets
NZME makes up for slow buyback with $10m special dividend
Dan Brunskill | Mon, 20 Jun 2022

NZME has only spent $5.3m of the $30m set aside for share buybacks. 

Markets
Macquarie says Australian banks are profiting from low term deposit rates
Dan Brunskill | Mon, 20 Jun 2022

Are banks being too slow to raise term deposit rates? Some analysts say yes.