NZ's TIL Logistics at over 3-mth low on Pacific Fuel Haul union strike notice

Move Logistics

04/12/2020 03:33

** Shares of TIL Logistics Group Ltd  TLL.NZ  fall as much
as 7.2% to NZ$1.04, marking their biggest intraday pct fall
since Aug 28
    ** The freight and logistics co says its Pacific Fuel Haul
(PFH) unit received a notice of strike from First Union, which
represents 65% of PFH's truck driving personnel  urn:newsml:reuters.com:*:nFWN2IJ12Y
    ** TIL CEO, however, says strike notice was not currently
expected to have any material effect on co's results
    ** Stock down 3.5% this year, as of last close
    
  

 (Reporting by Ananya Pande in Bengaluru)
 ((ananya.pande@thomsonreuters.com))