Braid says the company strives to be de-centralised through giving responsibility to all individuals in the business and letting them make decisions. | 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. They couldnt believe we trusted them to turn up when we needed them to turn up and leave when we needed them to leave. He has issued a New research confirms the importance that NZ business leaders place on reputation, but reveals that many companies need to increase their investment in building and protecting it. So it looks like Mainfreight compensates Don Braid in line with the median for the industry. Those are the real world indicators of whether youve got morale correct or not or whether youve got some issues going on you need to address. Braid consistently delivers for shareholders and stakeholders alike. We would meet with them once a week and theyd share what theyd discovered and what they hadnt discovered and wed give them some guidance but then get out of their way and let them get on with the job. | Your Saturday Briefing: Trumps Comeback Plan, Wall Street Whistles Away, Londons Investment Appeal Is Unraveling as Arm Heads to the US, British Parents Turn to Home Equity to Help Young Buy Property, Japanese Unions Seek Biggest Pay Rise in 25 Years for Workers, Sorry, Fed, Most US Mortgage Rates Were Locked In During Pandemic Lows, Panic Over Metals for EVs Goes All the Way to Automakers C-Suites, Ex-Goldman Banker Ordered to Forfeit $43.7 Million Over 1MDB Bribery Fraud, Twitter Revenue, Earnings Fell About 40% in December, WSJ Says, John Malone andCharter Directors Agree to $87.5 Million Settlement, China E-Commerce Giant JD Set for $1.4 Billion Discount Spree, Between Rounds of Golf, Trumps Searching for the Perfect DeSantis Diss, Your Saturday UK Briefing: Sunak Chalks Up a Win as the Budget Looms, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61, The Exhibit Reality TV Show PittingArtist Against ArtistIs No Masterpiece.
Mainfreight's $43.9m 'family' bonus | BusinessDesk His company has been a shining example of success amid tough global economic conditions. Id also be really focused on being in touch with customers. Managing director Don Braid said the result was pleasing, particularly in light of supply chain congestion and ongoing lockdown disruptions in most of Mainfreight's markets. I guess whats annoying is that we have got to wait for an election year to get this kind of stuff. So a lot is about the long game. Things are changing a little bit and everyones suggesting that its all going to go to eCommerce. Mainfreight is a truly brilliant organization who sees all staff and their Franchises businesses as friends not employees. In 2003 Mainfreight bought Owens Group, one of New Zealand's largest trucking firms. We got a taste of what was to come early in the piece with our Chinese business and seeing what they were going through. The opportunities offshore and the populations that exist in some of those other countries are large; you only have to get something half right in some of those countries and youre growing a big business compared to what you have here in New Zealand. Im not sure well see driverless trucks in NZ for some time to come. "If you allow the recession to roll over the top of you there's a great chance it will.".
Mainfreight declares flat dividend, hands back $11m wage subsidy See the full transcript below. As a Kiwi living in England and studying management currently, I have really enjoyed reading this interview. d***@mainfreight.com. Whats changed? Zac: Can you share what some of the great ideas youve actually brought from overseas have been? "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. Braid has been a beneficiary of the meteoric rise in Mainfreight's share price. Mainfreight is the fourth largest company in NZ, doing over $3 billion in sales and over $300 million in EBITDA, with physical assets of $1.5 billion and debt of less than $200 million. Your email address will not be published. Don: Um, I think its recognising good people. Braid said Mainfreight was on track to push close to the $2 billion sales mark by March next year. I dont see this as a job, so therefore the stress levels arent as strong. To join your company account for BusinessDesk and enjoy full access, Our subscriptions start at $24 / month for individuals. Well known for his mental and physical toughness, Braid is often seen working out at The Atrium Club in downtown Auckland, which offers real world fitness for men. His sartorial style was also recognised in 2006 when he was judged the national winner of the NBR Working Style Best Dressed Businessman Awards. Braid, who joined Mainfreight through its purchase of Daily Freightways, says the company hasn't let the last few years of economic upheaval dull its ambitions. Don Braid (Mainfreight) Credit: Mainfreight . In that respect, NZ was the worst effected with weekly revenues during April 2020 down by about 40% on average levels. "Don gave this glowing account of [Daily Freightways] and I kept looking at him and thinking 'what a lot of bullshit'," Plested says. Don Braid, Group Managing Director of Mainfreight Limited, was educated at Timaru Boys' High School and has over 43 years' experience in freight forwarding and logistics both New Zealand and internationally. It's nice to see revenue heading northwards, as this is consistent with healthy business conditions. Mainfreight boss Don Braid sees fresh opportunities in China's Belt and Road initiative, writes Bill Bennett. Leading reputation management consultant Noke Kiroyan says it is perfectly possible although not always easy to run a business in Indonesia without resorting to corrupt behaviour. 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 (nine branches in China, one each in Taiwan, Singapore and Hong Kong). "I just think that's disgusting," he says. Check out our latest analysis for Mainfreight. Our website uses cookies to give you the best possible experience and to help us understand how our site is being used. Weekly operational reports are posted on the wall of the company cafeteria in Otahuhu, where all team members, including Braid, eat at a single, long table. Our data indicates that Mainfreight Limited is worth NZ$4.0b, and total annual CEO compensation was reported as. We continue to be optimistic and we are bloody proud of our people who have delivered this record result.. Bryan has a wealth of experience, both in executive and board roles. He believes in fostering an innovative culture in the organisation and encourages top performances from his teams. [8], Headquartered in 's-Heerenberg, The Netherlands, Wim Bosman is privately held and operates more than 1,000 transport units, manage more than 275,000m2 of cross-docking facilities and warehouse area, and employ roughly 1,414 staff within 14 branches located in The Netherlands, Belgium, France, Romania, Poland, and Russia. After leaving Timaru Boys' High School Braid joined the New Zealand Shipping Corporation as a clerk in 1976. So weve got eight and a half thousand people and 282 locations. Its even more exciting doing that in offshore markets with a really big customer where youre actually sitting in front of them and we know we will turn our industry upside down by winning quite large business off the incumbents. Its revenue is up 5.9% over the last year. Is our service or a product still current? So everything that we do is about being here for a long time. While many of its NZX-50 peers have entered a period of stagnation, Mainfreight - it seems - thrives on hard times. National's three waters policy is only cosmetically distinct from Labour's. Zac: Whats a bit of business advice you can share? That means a lot of travel, but the reality is I thought my skills were best used in front of a customer so thats what I focused on. How does that actually work, practically? But, he said the first seven weeks of trading in the current year has been at similar levels to the past six months. Theyre all networked, but theyre all distanced so we knew we needed to communicate really well with them and have a blueprint that we know would work. [2] In 1979, Bruce Plested partnered with Neil Graham, with Graham based in Christchurch and Plested in Auckland. Youve got to think about that as small groups of people looking after our customers and each group is important in their own right and theyll have their own little traits. And then its about exploring the long game. Nothing drives home the state of our roads like a trip on a bike. Zac: Don, having a decentralized business, whats been your approach to leadership? Don: The recruitment of our people sits with the branch managers. don@mainfreight.com; Profile. Weve made this article available for free. After receiving the 2016 Infinz Leadership Award he told staff if this is a tick in the box for the way we have done things or are trying to do, and for what were trying to create, then well take that tick. Proud of its family ties, Mainfreight also employs Braids sons, Jason and Corey. Don: With this event in front of us right now, I think cash is king, and the collection of cash. Contact. "You need some energy and you need to be on the front foot," he says. The company now expects to spend an additional $338m for property over the next two years, with $156m of that during the current financial year. So the idea was to make sure that our people were right, that our systems were ok, what customers could trade, and how we could help those customers as an essential service. Indonesia ups trade potential with focus on corporate governance, NZ business needs to invest more in reputation, NZ corporates taking a lead in health & safety. What are their requirements? Zac: What are your thoughts on driverless trucks and how they will affect Mainfreight? We have been monitoring government updates regarding COVID-19 and are keeping up to date with Ministry of Health guidance with regard to events and public gatherings. COVID-19 has had a significant impact on freight and supply chains worldwide. Mainfreight shareholders would be similarly pleased. Weve got examples of that in our business right now. In this episode, Bronson explains how the lessons he learned in the kitchen translated to the booth, the reason money can never be the motivation for creating art, and why he believes that imperfections are the best part of any masterpiece. In March 2011, Mainfreight entered the European market with the acquisition of Netherlands-based company Wim Bosman Group for 120 million; or $227 million. Regrettably, registration fees cannot be refunded when cancellations are received within two working days prior to any branch event. Engage via Email. The trick is to decentralize it and to give them control of the profit and loss, allow them to have sufficient KPIs, and measurement systems to monitor those as quickly as possible so that nothing gets out of control. Component 2020 Group Managing Director, Mainfreight. The worst thing we could do is slow them down with bureaucracy, making them tick a lot of boxes. Revenues were up $448.4m to $3.5 billion, a 14.5% increase on the prior year, with 76% of that now generated outside New Zealand. Theres a video of it happening and what was really exciting was once the clock came off the wall, you could hear the laughter and the clapping and the voices of approval from those who were watching. Despite international growth and success, Braid is passionate about keeping the company proudly Kiwi-owned and has been an outspoken voice on local transport and infrastructure matters. Between 1994 and 1997 Mainfreight started acquiring former competitors, such as, Daily Freightways and Chem Couriers in 1994, a 75% shareholding in Lep New Zealand in 1996, and Combined Haulage and Senco Haulage in 1997. So you need to make sure youve got succession planning to be able to work on the dream that youre creating. Don: I think empathy is really important. 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. It is totally how I believe a company should be and I love how everyone starts at the bottom. With Covid, the New Zealand team would meet every day for the first four weeks during lockdown. Grant Samuel & Associates Ltd. Kate brings to the Board her broad financial and analytical experience acquired in a range of industries, both in New Zealand and overseas. With the takeover of the Owens Group in 2003 they purchased Owens International Australia. He joined Daily Freightways in 1978, gaining a thorough grounding in all aspects of the business and eventually heading up that company. Then we got some momentum and we saw some of the other regions doing better than what we thought so we felt better about it. I think its about ready-fire-aim: making sure were steady, allowing decisions to be made, and shaking them up as we get on. Email. But they had different regulations for different countries: it was a metre between the two trucks, it was a metre and half in Belgium, and it was two meters in France. Both are real legends and seem to really walk the talk. "I don't think any of those things are really of interest to this," he says. Regionally, the NZ business saw an increase of 11.5% in profit before tax to $97.8m, though supply chain capacity into and from NZ remains congested, and the company is frustrated with international shipping lines". Save my name, email, and website in this browser for the next time I comment. You need to have been there 12 months to earn the full bonus that everybody else gets. Target has offices in 35 cities throughout the United States and an international network of agents in over 70 countries.[15]. The Australian business reported a 46.6% jump in profit before tax to A$71.5m for the year, on the back of regional expansion of the groups transport business. Our thoughts are with our members and their organisations impacted by Cyclone Gabrielle. "[8], In June 2013, Mainfreight launched a lawsuit seeking 11 million or $18 million against Wim Bosman Group's former owners. Part of our recruitment process is to get them to go through the system and learn the business from the floor up: you start by pushing a broom or running documents to Customs. Mainfreight's net profit rose by $40.1m to $188.1m.
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