Rob Fyfe is the polished and personable face of the new lean and globally competitive Air New Zealand. "We were exposed to Covid-19 quite early in the piece, probably earlier than many others because of our operations in China. Theres no bullshit in the numbers, they are what the business has earned. Biography Don Braid, Group Managing Director of Mainfreight Limited, was educated at Timaru Boys' High School and has over 30 years' experience in freight forwarding and logistics both New Zealand and internationally.. What we put in place here in New Zealand became the blueprint for the organization around the world. He joined Daily Freightways in 1978, gaining a thorough grounding in all aspects of the business and eventually heading up that company. He is highly respected and success-driven executive who has made Kiwibank fly when many thought it would struggle to get off the ground. Mainfreight International was Mainfreight's first international sea and airfreight business and was started in 1984 by Bruce Plested's brother Gerald. "There's no bureaucracy or hierarchy or superiority in the business. In 2007, Mainfreight acquired Target Logistics, a United States based forwarder with 34 offices, and an extensive agent network. So you need to be committed for the long term.The clich about the beach, the BMW and the boat it looks pretty attractive after 10 years of hard work but what could you have created after a hundred years and have you got something thats a bit special?I think you need passion, energy, belief and the ability to develop people to run the business for the future. CEO compensation can have a massive impact on performance, but it's just one element. We note that the salary portion, which stands at NZ$2.20m constitutes the majority of total compensation received by the CEO. He knows where the company is going and, more importantly, how it will get there. Founded in 1969 as Dunedin Customs Brokers Ltd, DCB International provides international air and sea freight services from Dunedin. Its revenue is up 5.9% over the last year. Nothing drives home the state of our roads like a trip on a bike. 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. Get in touch with us directly. And in applying that New Zealand blueprint to all regions, we knew we were pretty much in control. Having started out with two employees and one truck in 1978, the company now employs more than 7500 people in 22 countries and generated a net profit of $103m in the 2017 financial year on operating revenue of $2.33 billion. He points out that 172 million people live within a 350 km radius of Wim Bosman's headquarters in's-Heerenberg, on the Dutch-German border. You may withdraw your consent at any time.
'Ready, fire, aim' is Mainfreight man's mantra | Stuff.co.nz More importantly, the people in those branches know what they did last week, and which were the right decisions or the wrong decisions. Mainfreight commenced operations in Auckland in 1978 and is the largest freight company in New Zealand. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Mainfreight people, he says, don't "live in question marks". It only represents a small part of our revenue, but . Were not thinking about selling our shares, were not thinking of getting out when the goings good were here for the good and the bad so were preparing the business for that next 100 years. Don Braid. Don: With this event in front of us right now, I think cash is king, and the collection of cash. Were thinking about being around for a hundred years. Involved in the founding of Kiwibank before taking the top job, Knowles embraces challenge and thrives on delivering top results. The company posted record earnings and revenue for its last full year and has continued to break records this financial year. don@mainfreight.com; Profile. He joined Daily Freightways in 1978, gaining a thorough grounding in all aspects of the business and eventually heading up . Well in Europe they had these time clocks. Privacy policy His visits to our local and overseas operations guide our teams to be sales-focused and always aiming for operational excellence. BusinessDesk has a paywall for most of its content. Forsyth Barr analyst Rob Mercer said the market had confidence in Mainfreight after it managed to grow revenue and market share and outperform its peers during the global financial crisis. Don Braid is a Group Managing Director at Mainfreight NZ based in Mangere, . Managing director Don Braid said Covid-19 fully tested Mainfreight's resilience, but it also necessitated some fundamental commitments.
Q&A with Mainfreight's Don Braid - Business Changing It's nice to see revenue heading northwards, as this is consistent with healthy business conditions. Weve got examples of that in our business right now. Moreover, Don Braid also holds NZ$171m worth of Mainfreight stock directly under their own name, which reveals to us that they have a significant personal stake in the company. Your email address will not be published. It is our strong belief that the momentum we have will continue, and will develop at a faster pace than we have experienced in the past, thanks to our people, our network and our culture. He has led the company in strengthening its global logistics business and ensuring an increased diversification of revenue streams across many countries, trade lanes and activities provides natural protection for earnings. I think the only measure of whether weve got the culture right will be seen in the numbers and in the customer service. Its having empathy and I think Im patient, determined, have belief and energy. [7] This takeover was in response to the purchase of Tranz Rail by Australian transport firm Toll Holdings. To trust your people too, to give them the responsibility. Is our service or a product still current? Appointment to Board 2000 - With Mainfreight since 1994. If you trust your people, look after them and give them responsibility, theyll deliver. Will be fundamentally different from the last one. DCB had a staff base of five employees on the date of acquisition, however, staff was expected to rise to seven employees. | Don: The recruitment of our people sits with the branch managers. Don: It should be where your skills are. Don: I think its quite a long way off. Zac: Lets talk more about those weekly P&Ls. Don: What we do is measure profit before tax at the branch level and that includes interest and depreciation. Other Current Significant Directorships and Trusteeships: BUPA ANZ Pty Limited (Chairman), Adherium Limited, Clearspan Limited, Thinxtra Australia, Starship Foundation, Massey University Foundation. He attributed the. In 2006 the New Zealand Mainfreight International and Owens International businesses were also merged to make Mainfreight Owens International Ltd (now Mainfreight International). Net capex totaled $155m for the period, of which land and buildings accounted for $111.7m, plant and equipment $26.6m and IT at $16.7m. Thats the key. 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Moving away from current form for a second, it could be important to check this free visual depiction of what analysts expect for the future. Braid goes to great lengths to stress that the company's success is the result of the efforts of its entire, 5167-member "team" around the world. Leading into this, we had a number of market analysts suggesting our balance sheet was lazy and you know, undercooked. | "It's just a little rule that we've had because if they [analysts] keep calling us a trucking company they clearly haven't done their research.". In 2008, the United States locations were re-branded as Mainfreight USA. Theres no cross subsidies. Since the acquisition of the Wim Bosman Group the eurozone has spiralled to the brink of economic disaster, but 52-year-old Braid says doing business on the debt-ravaged continent is nothing other than an "exciting" prospect. Bryan has a wealth of experience, both in executive and board roles. For me its being in the business, with people and in particular with customers. Simply Wall St has no position in any stocks mentioned.Have feedback on this article? When other international airlines are finding their wings clipped, this straight talking, and well regarded leader, has proved his point. The Mainfreight board is intent on doubling revenue to $2 billion by 2015, mostly from international earnings, and Mr Braid envisages at least 500 branches before too long. In 2003 Mainfreight bought Owens Group, one of New Zealand's largest trucking firms. How does that actually work, practically? Id also be really focused on being in touch with customers. The company also noted Brexit issues between the UK and Europe remained a cause of frustration, particularly since January, resulting in considerable delays to freight on the back of more complicated customs formalities. He joined Daily Freightways in 1978, gaining a thorough grounding in all aspects of the business and eventually heading up . Don has led the Mainfreight team through a significant period of change and expansion to become the successful global supply chain logistics provider it is today, operating in 26 countries around the world, with $3+ billion in sales revenue, and he leads a team of 9,240 passionate Mainfreight people all around the world. Save my name, email, and website in this browser for the next time I comment. Mainfreights two new build warehouses, a 50,000 square metre facility in Sydney and 30,000sqm build in Melbourne, are scheduled for completion by end next year. "We need to try and paint the picture around Mainfreight here and what Mainfreight is, that to me is of more interest than whether I like rugby or cricket. Zac: What are your thoughts on driverless trucks and how they will affect Mainfreight? Terms of use You can be profitable and not collect the cash and go broke. "I think we're a better business because of adverse economic conditions, there's no doubt about that," he says.
Don Braid, Mainfreight Ltd: Profile and Biography - Bloomberg Markets The firms European business where it has a footprint of more than 330,000 sqm of warehousing saw a 23.4% improvement in profit before tax to 22.35m, despite extensive lockdowns across the continent, many of which were ongoing. Mainfreights newest regions, Asia, Europe and The Americas (spanning from Canada to South America), are expected to grow exponentially as the world trade shifts towards other developing countries. Don Braid. Typically modest about his achievements, the 57-year-old is always quick to acknowledge the team effort behind Mainfreights success.