PREFERRED APPLICANT FOR WAKA KOTAHI FUNDING

Company Announcement
25 May 2022

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MOVE ANNOUNCED AS A PREFERRED APPLICANT FOR WAKA KOTAHI FUNDING
FOR OCEANS STRATEGY
Transport and logistics group, MOVE Logistics Group Limited (NZX: MOV), is pleased to have been
announced as one of four final preferred applicants for co-investment from Waka Kotahi for its
Oceans strategy. Further proposal development work will now be undertaken with Waka Kotahi with
a view to then entering a funding agreement.
MOVE’s focus is to transport its customers' cargo in the most efficient way possible, whether that be
by road, sea or rail. In addition, the company is committed to reducing the carbon impact of the
freight sector in New Zealand.
As previously advised, MOVE has identified an opportunity to increase the use of coastal shipping in
New Zealand, by expanding resourcing and shipping capabilities within its own freight network.
Executive Director of MOVE, Chris Dunphy, said: “We are delighted to have been selected as a
preferred applicant for Waka Kotahi support as we move forward with our Oceans strategy. The
New Zealand freight industry is severely limited by the location of existing coastal services between
the two islands and the type of vessels being operated. MOVE’s Oceans strategy will see an
alternative solution service being added to New Zealand’s domestic freight services, providing
additional resilience for New Zealand’s supply chain.

“This initiative is part of MOVE’s wider decarbonisation strategy, which aligns with the addition to
our fleet of some of the first hydrogen-powered trucks to operate on New Zealand roads later this
year. Not only will the replacement of truck journeys with shipping voyages reduce carbon
emissions, it will also reduce wear and tear on New Zealand’s roads and improve road safety.”
The announcement from the New Zealand Transport Minister can be viewed here
https://www.beehive.govt.nz/release/government-investment-boosts-coastal-shipping-aotearoa.
ENDS

For further information, please contact:

Chris Dunphy
Executive Director
Phone: +61 417 888 930
Email: Chris@movelogistics.com
Lee Banks
Chief Financial Officer
Phone: +64 27 525 2876
Email: Lee.Banks@movelogistics.com

For media assistance, please contact: Jackie Ellis t: + 64 27 246 2505 e: jackie@ellisandco.co.nz

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.