TIL Logistics Group officially joins the NZX
TIL Logistics Group Limited (NZX: TLL) officially started trading on the NZX this morning, after the successful
completion of a reverse listing with Bethunes Investments Limited.
Members of TIL’s Board and management team were at the NZX for the official bell ringing to celebrate the company
joining the NZX (photo attached - L-R: TIL Group Marketing Manager - Alan Terris, TLL Directors Greg Kern and Danny
Chan, TIL Managing Director Jim Ramsay and NZX Chairman, James Miller).
About TIL
TIL is one of New Zealand’s largest private domestic freight and logistics platforms, with a nationwide network of
branches, depots and warehouses. Its activities include transporting and warehousing freight throughout New Zealand and
co-ordinating freight movements offshore through international alliances. It also has a specialist road tanker division
which is the single largest operator in the New Zealand fuel delivery market.
TIL has a number of strong regional brands and businesses including Hooker Pacific, TNL, Roadstar, Pacific Fuel Haul,
TIL Freight, McAuley’s, MOVE Logistics and NZL.
The company operates across four divisions – Freight, Tankers, Warehousing and International. There is growing demand
for high quality, end to end freight and logistics supply chain solutions, and TIL has the reputation, expertise and
capability to take advantage of this.
The company’s diverse sector exposure, national network, end to end supply chain and strong board and management team
are all strengths of the company.
TLL’s growth ambitions will be realised through building on the existing business and through acquisition and industry
consolidation.
The outlook for the freight industry is positive and is expected to drive stable revenue and earnings growth for the
company. Along with strong forecast cash generation, this provides the ability to invest into business expansion and
acquisition as well as reward shareholders with attractive returns.
ENDS