Transport & Logistics

New CEO, chair for Sadleirs

Family-owned logistics company Lionel Samson Sadleirs has recruited former Automotive Holdings Group general manager David Cole as its new chief executive, while chairman Michael Smith has given notic

Virgin Aust expects minimum $35.6m FY loss

Virgin Australia expects to report a full-year underlying earnings loss of at least $35.6 million and has warned that weaker domestic demand could push that out further.

AHG downgrades full-year profit

Automotive Holdings Group has downgraded its profit guidance for 2019 due to weak car sales and the performance of its refrigerated logistics division, a week after it recommended an improved takeover offer from rival auto retailer AP Eagers.

Brakes put on Parkd’s Mazda carpark

Parkd’s construction of a 190-bay relocatable car park for Mazda Bayswater has been parked for the foreseeable future, after the dealership said it would reassess the timing of the expansion.

Qantas Airways sees record annual revenue

Qantas has posted a 2.3 per cent rise in third-quarter revenue and forecast record annual revenue, as more business travellers chose to fly with the airline.

AHG backs AP’s improved takeover bid

Automotive Holdings Group’s $2.3 billion takeover from rival AP Eagers is set to go through, after AHG urged its shareholders to accept a revised offer from AP.

PS Structures for $41m Balcatta High rebuild

PS Structures, Ertech and WBHO Infrastructure are among contractors that have won $53 million of work from the state government in recent weeks, while PwC has been selected for two major consulting reviews.

Fenix to form JV with Minehaul

Fenix Resources has formed a strategic alliance with trucking and logistics company Mineheaul, to be led by Craig Mitchell, which the mining company said is a significant step towards the development of its Iron Ridge project.

AP speeds to majority AHG stake

AP Eagers has acquired a provisional majority stake in Automotive Holdings Group, just a week after AHG told shareholders not to accept the offer until it released its target statement on May 8.

ORIX wins CBH contract

ORIX Australia has won a tender to become the outsourced fleet management and leasing provider for agribusiness giant CBH Group.

AP edges closer to AHG majority stake

AP Eagers has increased its provisional stake in takeover target Automotive Holdings Group, the second time in less than a week, to 42.62 per cent.

Flight Centre stock drop on profit warning

Flight Centre shares have dropped 12 per cent after Australia's biggest travel agency slashed its full-year profit guidance due to a weaker than expected performance in the local leisure market.

DTI Group secures London contract

DTI Group has won a $3.6 million contract to supply and install its CCTV recording system on a fleet of trains which operate on the London Underground.

AHG appoints new chair as bidder lifts stake

AP Eagers has increased its interest in Automotive Holdings Group by 9.15 per cent, as the takeover target appointed a former KPMG and Ernst and Young partner as its new chairman.

AHG says sit tight on AP Eagers offer

Automotive Holdings Group has urged shareholders to sit tight on a $2.42 billion takeover offer from rival vehicle retailer AP Eagers, warning they may be disadvantaged if they agree to sell before the “highly conditional” deal is approved.

Intermodal and Qube enter partnership

Intermodal Group has announced a strategic partnership with QUBE Holdings in Western Australia, as the North Quay Rail Terminal (NQRT) goes up for tender.

AP Eagers seeks $1.84bn merger with AHG

AP Eagers has made a takeover bid for Automotive Holdings Group, which values the struggling West Perth-based car retailer at around $635.4 million.

Passenger car sales stuck in reverse

Sales of passenger vehicles in Western Australia in the three months to March fell by 18.5 per cent from the prior corresponding period and sales of sport utility vehicles also fell, but demand for light commercial vehicles was on the rise.

$2bn tax hit on WA motorists

Western Australian motorists are being overtaxed to the tune of $2 billion by governments state and federal, according to a report released today by RAC WA.

Austal wins $369m US Navy contract

Henderson-based shipbuilder Austal has secured a $369 million contract to supply two Expeditionary Fast Transport ships (EPF) to the US Navy.

Airline peak body slams Productivity Commission

Airlines for Australia and New Zealand (A4ANZ) says the Productivity Commission’s draft report into Australia’s airports, released in January, falls well short of what should be expected from the commission.