Transport & Logistics

AHG profit down but outlook positive

Perth-based Automotive Holdings Group has delivered a lower full-year net profit result on the back of restructures and one-off costs associated with its refrigerated logistics business.

$23m Margaret River bypass contract awarded

A joint venture between WBHO Infrastructure and SRG has won a $22.8 million contract to build new road infrastructure that will allow traffic to bypass the Margaret River town centre.

Aurizon to close Forrestfield terminal

Rail freight operator Aurizon has announced the closure of its Forrestfield terminal by the end of the year, as part of a national restructure that will result in the loss of 250 jobs.

Trucking firm fallout leads to wind-up

The Supreme Court has ordered the winding-up of the company behind a successful, well-established trucking business after a complete breakdown in relations between founding directors Ken Shepherd and Tony Maddever.

Upgrades for Perth freeways

Travel time estimates on Perth’s freeways will be displayed on electronic signs in real-time from today, as the state government puts the wheels in motion for about $140 million of freeway upgrades.

WA new car sales stall again

New car sales in Western Australia started the 2018 financial year in the slow lane, falling 8 per cent in July as national sales continued to rise.

Bis in $1bn debt-for-equity deal

Bis Industries, one of the major transport players in Western Australia, will come under new ownership after a $1 billion debt-for-equity swap deal was struck with its major lenders.

Perth trucking business goes under

Australian Road Express – a Perth-based transport subsidiary of Rivet Group (formerly known as McAleese Group) – has been put into the hands of receivers, leaving 180 jobs at risk.

Veem to meet profit, dividend targets

Canning Vale-based Veem says it will meet its forecast net profit target of $4 million when it reveals its first full-year results as a listed company.

Brookfield’s rail arm widens focus

Brookfield Rail has changed its name to Arc Infrastructure as it looks to diversify its business beyond the state’s rail freight network into related assets like ports and intermodal terminals.

300-plus truckies lose their licence

More than 300 truck drivers in Western Australia have had their licences suspended after the state government alleged they failed to pass their driving test.

TAMS Group grows against the odds

At a time when many of its competitors were slashing staff and cutting costs, Fremantle-based marine services firm TAMS Group maintained solid growth.

Siemens buys Perth business

Global business Siemens is expanding its footprint in the rail infrastructure sector with the acquisition of Perth-headquartered MRX Technologies for an undisclosed sum.

Bhagwan shifts HQ to Perth

Marine services business Bhagwan Marine is shifting its base of operations from Geraldton to Perth as part of cost-saving initiatives in light of continued tough conditions in the offshore oil and gas market.

CTI founder sells down to Forager

CTI Logistics chairman David Watson has sold down his shareholding for the first time since he founded the business in 1972, with Forager Funds Management acquiring some of his shares and investing further funds to become a substantial shareholder.

AHG flags profit downgrade, write-downs

Perth-based Automotive Holdings Group will incur a $35 million write-down hit from the closure of some of its underperforming businesses, in response to the weak market for car retailers combined with recent regulatory changes by the corporate watchdog.

AHG takes stake in auction business

Logistics and car retailer Automotive Holdings Group has bought a major stake in an east coast-based vehicle auction business for an undisclosed sum.

Perth transport costs among nation's highest

Perth’s public transport users are slugged more per year than commuters in any other Australian capital except for Sydney, but Perth is the cheapest city to insure two family cars, according to new data.

Perth office for German shipbuilder

Family-owned German shipbuilder Lürssen will be setting up shop in the Australian Marine Complex through a partnership with Civmec and government-owned ASC.

Rossair refines flight plan

South Australian charter airline Rossair Charter Services is making a push into Western Australia, as it refines operations following the recent acquisition of Perth-based Ad Astral Aviation.

Perth-London Qantas flights on sale

Qantas today launched ticket sales for its new 17.5-hour, non-stop Perth-to-London service.