Transport & Logistics

AHG hits six-year low on trading update, first strike

Automotive Holdings Group’s shares have slumped to their lowest point since 2012, after the company’s trading update revealed that profit at the start of this financial year was lower than anticipated.

GHD wins Claremont station contract

Engineering consultancy GHD has been awarded a $6.7 million contract to design upgrades to the rail network around Claremont train station as part of the state government’s Metronet project.

MinRes confirms train derailment

Mineral Resources has confirmed that about 30 empty iron ore wagons were derailed on a return train trip to the company’s Koolyanobbing mine near Southern Cross on Sunday.

Hopkins to take charge at AMA

National automotive services business AMA Group has struck a $68 million deal with new investors, which includes a big share selldown by management, after Perth-based Andrew Hopkins became the company’s chief executive.

Five-month slide in WA car sales

The downward trend in new vehicle sales in Western Australia has continued for a fifth straight month, according to the latest data from the Federal Chamber of Automotive Industries.

Sprawl costs public transport

A national study by Infrastructure Australia has found that Perth residents are among those least likely to use public transport for their daily work commute, despite good accessibility in outer suburbs and subsidies covering about 70 per cent of the cost of a trip.

TAMS expands WA operations

Marine services company TAMS Group has branded its expansion in the north of the state as a strategic move to accommodate an increasing workload.

RAC invests in $15m EV chargers

The Royal Automobile Club of WA has invested in Sydney-based Chargefox’s $15 million rollout of electric vehicle charging stations across Australia, which includes two in Perth.

Cape wins Metronet contract

CFC Group subsidiary Cape has secured a power infrastructure contract with Western Power as part of the state government’s Metronet project.

Busselton still in mix for Qantas academy

The state government remains hopeful Busselton can become the second site for a Qantas pilot academy, pledging up to $1.7 million and formally committing to a new $13 million terminal if the South West town is chosen.

Airport precinct a major player

Jobs growth at Perth Airport was three times that of the CBD between 2011 and 2016 as property development in the area expands.

Transport, agriculture lead death count

With higher fines, longer prison sentences and possibly industrial manslaughter laws coming to WA, Business News has analysed trends in workplace fatalities.

Small Metronet slice for local contractors

Early works for the Yanchep rail extension and Thornlie to Cockburn link will be contracted separately, as the state government attempts to give opportunities for smaller players after combining the main portions of the two projects into one package.

Hybrid car sales on the rise

Western Australia’s car industry has recorded its third straight month of decline for new vehicle sales, according to the latest data from the Federal Chamber of Automotive Industries, but electric and hybrid passenger cars, and small-sized SUVs have bucked the trend.

RAC announces new CEO

The Royal Automobile Club of WA today announced that current group chief executive Terry Agnew will step down in March 2019 after 20 years in the role.

AHG profit drops to $74.8m

Automotive Holdings Group has reported a decline in operating profit for the 2018 financial year, citing weakening demand in Western Australia despite positive economic indicators.

Deloitte, Aecom win key Westport work

The state government has contracted Deloitte and AECOM to undertake studies on shipping volumes and traffic flows that will be pivotal to its Westport outer harbour project.

Eden jumps on US contract

The share price of Perth-based Eden Innovations jumped as much as 28.6 per cent this morning after the company announced the largest single contract for its EdenCrete concrete additive.

Hunt appointed to chair Bis

Resources logistics company Bis has appointed former Broadspectrum chief executive Graeme Hunt as its new chairman to replace the retiring Charles Lenegan, while non-executive director John Beevers is also retiring.

Aurizon earnings dented by iron ore haulage

The loss of iron ore haulage contracts with Cliffs Natural Resources and Mount Gibson Iron is expected to dent rail operator Aurizon’s earnings by about $50 million in the 2019 financial year.

York Civil into administration

South Australia-based York Civil, which is finalising construction of the Matagarup Bridge and recently won a $30 million contract at Port Hedland, has been placed into voluntary administration.