Qube is considering selling part or all of its stake in NSW’s new interstate freight hub at Moorebank in southwest Sydney because it is never going to be a “high earner” for the logistics group, says chief executive Paul Digney.
Mr Digney revealed the potential sale plans after strikes at stevedore DP World – which competes with Qube’s part-owned stevedore Patrick – helped boost the group’s annual net profit by 32 per cent to $221.9 million.
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Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Twitter. Email Jenny at jwiggins@afr.com