Yesterday
Armaguard, banks seek independent price-setter for cash delivery
Resolving the cash transport drama is one step closer, with a callout this week for an expert to set contract prices – at a fair margin for Linfox.
March
Labor quietly diverts $75m from hydrogen-powered truck scheme
Getting more hydrogen-powered trucks to carry freight was a key plank of Chris Bowen’s plan to decarbonise the road transport sector. It hasn’t turned out that way.
Australia’s top deal blocker strikes again, target’s shares drop 25pc
In case a market correction and nervous directors are not enough to stall M&A activity, the competition regulator is back in action.
David Paradice, Ashok Jacob back electric truck hopeful’s ASX run
Janus Electric, run by former Citi banker Ian Campbell, is raising $10 million and heading for the local sharemarket through a backdoor listing.
February
Cash may be gone in 10 years: RBA’s Bullock
Governor Michele Bullock says cash may only be around for 10 years. But unlike Donald Trump, she sees no role for bitcoin in central banking or payments.
Major banks ready to carry Westpac’s Armaguard load
The banks and regulators met on Wednesday afternoon without the cash transit monopoly to work out how to replace Westpac’s unique cash distribution operation.
Banks and Armaguard revisit life support for cash distributor
Banks expect Armaguard to confirm its banknote distribution operation is on rocky financial footing this week, but the future of the Linfox-owned business is anyone’s guess.
November 2024
MinRes investigates truck crash on Onslow haul road
Another truck has crashed on the road connecting MinRes’ new Onslow iron ore hub, which is critical source of income for the highly indebted miner.
October 2024
Rapid rise of LNG trucking pushes China to peak diesel
While the country’s rapid adoption of electric cars has been in the spotlight, significant change has also been taking place in China’s freight industry.
Why $31 billion will not be enough to build Inland Rail
Australia’s grand plan to transport goods by rail from Melbourne to Brisbane in less than 24 hours is cutting corners to stay on track, say residents of one city on the route.
‘The cabin is the driver’s office’ for filters maker Ryco
Ryco’s fine-particle vehicle filters offer a medical-grade ‘face mask for your truck’ – a game changer for the health of commercial transport drivers.
August 2024
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”.
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.
July 2024
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.
June 2024
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.
May 2024
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.
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.
April 2024
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.
February 2024
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.
January 2024
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.