Australian Stock Exchange listed bulk rail freight operator Aurizon reported decreases in top-line revenue, earnings before interest, tax and depreciation, and a big decline in net profit after tax on February 11, 2019.
A noticeable change in the pattern of trade is underway at Australia’s second biggest box port, Sydney’s Port Botany. Botany handled more boxes in the last calendar year than in 2017 – but those boxes arrived and departed on fewer, although larger, container ships.
Queensland’s Port of Brisbane handled just under 1.4 million twenty foot equivalent unit (TEU) shipping containers in the last calendar year. Just under 29 per cent of all boxes handled were empty, according to the port’s trade statistics.
Genesee & Wyoming, Inc. (NYSE: GWR) beat fourth quarter revenue consensus estimates by $4.89 million. Revenue was expected to decrease by 0.2 percent year-over-year (Y/Y), but it increased 0.7 percent Y/Y from $571.6 million to $575.6 million, according to Seeking Alpha. GWR also beat fourth quarter consensus earnings per share (EPS) estimates of $0.89 by $0.11 to $1.00.
Rail operator Aurizon has completed the sale of its Queensland Intermodal Business to privately owned Australian logistics company Linfox. The Queensland Intermodal Business delivers general cargo for more than 300 customers across the state and includes a wide variety of freight including groceries, white goods and general goods.
Australia’s busiest box port, the Port of Melbourne, broke the three million mark in handling twenty-foot-equivalent unit (TEU) shipping containers in the last calendar year. It is likely the first time that any port anywhere in Australia has handled three million TEU in any twelve month period whether that’s on a running month, financial year, or calendar year basis.
An industrial dispute between the local longshoremen’s union, the Maritime Union of Australia (MUA), and stevedoring company, Hutchison Ports, is intensifying. A one day strike is now taking place.
It’s a growth story at Western Australia’s main container port, Fremantle Ports (Freo), with just under 10 percent growth of international shipping container traffic in the last calendar year. Stevedoring at the port is also up for tender.
Overall cargo volumes on Australia’s air routes have increased, according to the latest data from the federal government’s Bureau of Infrastructure, Transport and Regional Economics.
Australia is experiencing growth in volumes of inbound international air cargo, new official figures show. Freight volumes from overseas airports to airports in Australia grew by 7.3% in the year ended November 2018.
New Zealand’s Ports of Auckland has been conditionally granted funds to buy hydrogen fuel cell vehicles as part of a wider project to build a hydrogen fuel production plant. That second project, in turn, is part of a bigger project to transform New Zealand into an electricity-powered economy.
One of the world’s largest coal export ports, the Port of Newcastle in New South Wales, Australia, has announced it is committing to the EcoPorts global environmental and sustainability standards.
Sharon Middleton of Whiteline Australia Transport in Adelaide, and Phyllis Jones of road transport company NJ & NP Jones, based near the town of Hay in Outback New South Wales, have been honoured for their services to the road transport industry in Australia’s annual national awards
A high-level review of road safety governance has begun in Australia.A lack of road safety carries a terrible toll in lives and injuries in Australia
Australia’s National Heavy Vehicle Regulator has warned that grot and grime can obscure damage to parts during visual inspections; fatigue fractured leaf springs caused the death of truck driver Stephen Ross Brown.
Trucks and truckers are baking in the extreme Australian summer heat, which is nudging the 122 F (50 C) in certain parts of the country for days at a time. (Photo: Shutterstock).
Australia’s Heavy Vehicle National Law has been heavily criticised for being too bureaucratic, prescriptive and generally difficult to work with. A major review has been announced.
Playing pass the parcel is fun when you’re a little kid. It’s less so when the parcel is a great big bill that you’re being stiffed with as a side effect of a fight between longshoremen and their employer.
Rolling strikes by workers at the Hutchison Ports Australia box terminals in Sydney and Brisbane started at 6:00 a.m. (Australian Eastern Standard Time) yesterday January 17 and are causing logistics chaos.
Australia is carrying out a series of large scale studies into its domestic supply chain; one study currently underway is into the nation’s freight data requirements. (Photo: Shutterstock).
