Marine services company MMA Offshore has flagged a $140 million impairment in its upcoming FY16 results, with the majority of the charge attributed to its vessel fleet.
Motoring, travel, retirement and financial services group Royal Automobile Club of WA is understood to have sold part of its aged care homes services business to Sydney-based Quadrant Private Equity.
Virgin Australia will post an annual loss of $224.7 million due to the impairments and charges it expects to record from its plans to position the airline for future profitability.
The competition watchdog has waved through a $9 billion takeover of rail and ports giant Asciano, and approved Metcash's bid for Woolworths' Home Timber and Hardware business.
A global shipping company has become the first company successfully prosecuted by Australia's corporate regulator under the criminal cartel provisions of the Competition and Consumer Act.
The state government plans to cancel a new environmental review of the controversial Roe 8 highway extension project after winning a legal appeal today, but it remains unclear when contracts for the project will be awarded.
Premier Colin Barnett has cut the ribbon to mark the official opening of the new $217 million underground Perth Busport, with services to begin this weekend.
A ramp-up of iron ore exports has lifted annual throughput at Port Hedland to a new record of 460.4 million tonnes, with the combined Pilbara Ports Authority tracking for a figure of 633.5mt per year.
Perth-based startup Bustle is aiming to simplify the process of doing business in the freight transportation industry via an online marketplace accessible through an app.
End-of-financial-year bargain hunters provided a boost to new car sales in Western Australia last month, but it wasn't enough to beat last year's June 30 clearance sales.
Henderson-based ship builder Austal has flagged an earnings deficit of up to $121 million on the back of unexpected costs incurred in its $US4 billion contract with the US Navy.
Rail and ports operator Asciano will sell its 50 per cent stake in the ACFS port logistics business to its joint venture partner in an effort to remove the overhang on its $9.05 billion takeover.
A joint venture between Downer and Canadian train manufacturer Bombardier Transportation has won more work with the Public Transport Authority of WA, securing $512 million in contracts for both the supply of new trains and for maintenance services.
New businesses are gearing up to supply drivers in the state's ridesharing industry, with legalisation of services such as Uber due to start on July 1.
The downturn in the oil and gas sector could create a growth opportunity for the local boat building industry, based on the conversion of workboats into luxury superyachts.
Henderson-based superyacht builder Echo Yachts takes a different approach to most manufacturers – its workers have been told to slow down, and now they are setting records.
Shares in marine services business MMA Offshore were lower after the company warned of a profit reduction and no reprieve in the coming financial year.
Transport and logistics company McAleese Group has announced a recapitalisation deal with its financiers and a Hong Kong investments group, which includes de-listing from the ASX and undertaking a $26 million capital raising.
Henderson-based shipbuilder Austal has won four packages of work on littoral combat ships for the US Navy, worth a combined $US5 million ($A7 million).
China's biggest private airline operator is set to take a 13 per cent stake in Virgin Australia, boosting the Australian carrier's access to the burgeoning Chinese travel market.
The competition watchdog has further delayed its decision on the $9 billion takeover of rail and ports giant Asciano, after receiving complaints that the deal would reduce competition in the container logistics business.
Trucking and logistics company K&S Corporation expects to make little, if any, profit in the second half of the 2015-16 financial year after being hit by difficult conditions across the country.
The head of Uber's Perth division says the state government has ‘double dipped' by imposing extra costs on the company's drivers with the introduction of a new mandatory licence fee.
Nationals leader Terry Redman says the party remains opposed to the sale of Fremantle Ports, despite supporting treasurer Mike Nahan's introduction today of a bill to enable a lease of up to 99 years to proceed.
Shipbuilder Austal has signed a $305 million contract to build and maintain Pacific Patrol Boats for the Australian government, however the contract's price tag was smaller than what the Commonwealth had flagged.
The federal government has signed a $2 billion contract with a group of defence contractors that will ensure maintenance of ANZAC class frigates continues at Henderson for the next eight years.
