Mainfreight Limited is a listed-New Zealand logistics and transport company headquartered in Auckland.
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16 Facts About Mainfreight
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Mainfreight commenced operations in Auckland in 1978 and is one of the largest freight companies in New Zealand.
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Mainfreight was founded on 6 March 1978 by Bruce Plested who started the company with just $7,200 and a 1969 Bedford truck.
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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.
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Firm's Australian domestic freight and logistics division, Mainfreight Distribution, began operations in 1989, with an operation in Sydney.
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Mainfreight International was Mainfreight's first international sea and airfreight business and was started in 1984 by Bruce Plested's brother Gerald.
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Mainfreight has international operations in the United States through CaroTrans International and most recently Mainfreight International businesses after the 2007 acquisition of Target Logistics, in Asia.
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In 2007, Mainfreight acquired Target Logistics, a United States based forwarder with 34 offices, and an extensive agent network.
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On 11 June 2007, Mainfreight 'signed a call option deed' to purchase the entirety of the shares of Australian-based Halford International.
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In 2003 Mainfreight bought Owens Group, one of New Zealand's largest trucking firms.
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In March 2011, Mainfreight entered the European market with the acquisition of Netherlands-based company Wim Bosman Group for €120 million; or $227 million.
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In June 2013, Mainfreight launched a lawsuit seeking €11 million or $18 million against Wim Bosman Group's former owners.
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In 1998, Mainfreight acquired Australian freight forwarder ISS Express lines, subsequently establishing an Australian international freight business.
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In September 2007, it was reported by Business Wire that Mainfreight had signed a merger agreement with NYSE American-listed Target Logistics for $2.
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In November 2014, Mainfreight acquired a regional air and sea freight company located in Dunedin.
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