NewsBite

Trucking

August

Scott’s customers included Coles, ALDI and IGA.

McGrathNicol steps up insolvent trading probe at Scott’s Logistics

A new report shows a major creditor has agreed to stump up funding to allow liquidators to “pursue further investigations”.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
TWU boss Michael Kaine says the union will “not hold back” in efforts to thwart the “Amazon effect”.

Amazon Flex and ‘last mile’ couriers lined up for pay claims

Amazon’s delivery service will be among the first firms to be targeted under Labor’s new laws for minimum standards in the road transport industry.

  • David Marin-Guzman

July

Transport needs to avoid becoming the nation’s biggest emitter

Without dramatic changes, this may be the last industry to decarbonise. Aurizon, the winner of the Logistics and Transport category, aims to change that with its electric locomotive.

  • Agnes King

June

TGE chief executive Christine Holgate said the $190 million debt deal – its second with CBA – positively reinforced the company’s turnaround plan.

Team Global Express signs $190m debt deal

The private equity-backed logistics company has refinanced debt with Commonwealth Bank, the Clean Energy Finance Corporation and IFM Investors.

  • Aaron Weinman

May

Cleanaway Waste Management boss Mark Schubert is met the first third of his earnings growth target.

Why a rubbish collector is the ASX’s most vulnerable big company

Cleanaway Waste Management needs investors to buy into its growth story, and soon, because while earnings forecasts are rising, the share price isn’t. That makes it vulnerable to a takeover.

  • Updated
  • Anthony Macdonald
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Cairns removalist Jesse Bradley says the rising cost of diesel is biting his business.

Transport costs up 10 per cent nationwide as petrol stokes inflation

The rising cost of diesel in the past three years has put a dent in Jesse Bradley’s removalist business based in Queensland.

  • Gus McCubbing

April

Linfox boss Mark Mazurek.

Linfox has been ‘let down’ by fragile rail networks

Some of the logistic group’s customers now refuse to put goods on trains due to severe disruption from floods, bushfires and derailments, says chief executive Mark Mazurek.

  • Jenny Wiggins

February

States could be pressured to give up road safety data.

States to be forced to give up secret road crash data

Amid growing alarm over the rising road toll, pressure from Senator David Pocock is set to link $50 billion in federal road funding to state crash data transparency.

  • Jacob Greber

January

Fortescue, Woodside hydrogen hopes in doubt after US rule change

Billions of dollars of hydrogen projects by Australian companies including Woodside and Fortescue may be in doubt after the US proposed rule changes that could exclude them from its Inflation Reduction Act cash.

  • Angela Macdonald-Smith

December 2023

Both UPS and FedEx delivered about 98 per cent of packages on time in the week after Thanksgiving, according to ShipMatrix, a consultancy that gathers industry data.

FedEx profit falls below expectations on drop in air and truck cargo

FedEx said that this year’s peak holiday volume was similar to last year’s and expects share buybacks of $US1 billion in the last two quarters.

  • Thomas Black
CEO of Linfox Mark Mazurek says the first quarter of calendar 2024 is likely to bring a much tougher economy.

One last ‘blowout’ at Christmas then hard times on way

The CEO of Linfox, the transport giant owned by Rich Lister Lindsay Fox, is bracing for a downturn in the economy in February and March.

  • Simon Evans

November 2023

The MUA has accused DP World of refusing to meet it at the bargaining table.

No mercy: union doubles down on port strikes until end of month

Ports will face weeks of further disruption as wharfies extend stoppages and work bans against DP World, as the stevedore recovers from last week’s cyberattack.

  • David Marin-Guzman
Containers were piling up at DP World’s terminal in Sydney’s Port Botany on Sunday because trucks could not get ino the terminal to collect them.

DP World hack strands 30,000 shipping containers

Tens of thousands of shipping containers stuffed with consumer goods were trapped at ports around the country after a cyberattack on stevedore DP World Australia.

  • Jenny Wiggins, Nick Bonyhady, Ronald Mizen and Euan Black
Customers pay the price when ships unload cargo at the wrong port because of an industrial dispute.

Why goods meant for Sydney are ending up elsewhere

Ships loaded with goods are skipping ports where they might be hit by a long-running wharf dispute and dropping them off somewhere else.

  • David Marin-Guzman

October 2023

Getting to net-zero for heavy vehicles will be tough

While batteries may be best for passenger cars, heavy trucks will need hydrogen power to replace diesel and petrol.

  • Tony Davis
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Former truckie Robert Ireland said he turned to methamphetamine to help run his business.

Consumers to bear cost of minimum rates for truckies

Truck driver Robert Ireland turned to drugs and once stayed awake for 13 days to try to make a living. The industry has reached rare unity in support of new laws to set minimum conditions for drivers, though consumers may end up paying more.

  • David Marin-Guzman
 Workplace Relations Minister Tony Burke at a press conference with transport workers at Parliament House in Canberra in September.

Labor accused of handing unprecedented power to transport union

The Minerals Council claims new laws aimed at improving safety in the road transport industry go well beyond what is suggested and could allow the TWU to influence conditions up and down supply chains. 

  • Ronald Mizen

September 2023

Truck driver Frank Black, is struggling to pay the cost of fuel as prices rise.

‘Basically working for nothing’: Truckies crushed by fuel price surge

Veteran Sydney truck driver Frank Black says many operators are struggling to meet the costs of surging fuel prices.

  • Tom Rabe
The Zenobe team in Sydney in November 2022: From left, Peter Keane, director, corporate finance; Nicholas Beatty, founder director; James Basden, founder director; Gareth Ridge country director, Au/NZ.

KKR-backed Zenobe primed for Australian big battery push

The UK-based energy storage player will also expand its electric bus fleet here after raising $1.7 billion from investors.

  • Angela Macdonald-Smith
Truckies previously led convoys to Canberra to protest a tribunal that set minimum rates in 2016.

Minister gets broad powers to set conditions in truckie supply chain

The Albanese government will resurrect a federal system to set minimum pay for owner-drivers, claiming its opponents now support it.

  • Updated
  • David Marin-Guzman

Original URL: https://www.afr.com/topic/trucking-hvc