News Articles for QUBE Holdings

Logistics firm QUBE Holdings has raised $250 million through a rights share placement to institutional investors as part of its fund raising related to the Asciano acquisition.

The Pacific National rail business and the Patrick container terminal business are set to come under new ownership after Asciano agreed to a $9.05 billion takeover deal that is designed to sidestep regulatory concerns.

BC Iron is cutting more workers and contractors at its Nullagine project after its joint venture partner Fortescue Metals Group decided to not buy low-grade iron ore stockpiled at the mine.

Takeover target Asciano has lifted its first-half profit on the back of strong coal haulage volumes but warns its earnings for the full-year could still be flat.

Rival bidders for rail and ports giant Asciano are considering making a joint, all-cash $9.05 billion bid in an effort to seal the long-running takeover battle.

Takeover target Asciano has recommended shareholders accept a $9.01 billion offer from a consortium led by QUBE Holdings after failing to attract a rival matching bid.

Special Report: Falling commodity prices have led some mining contractors to circle the wagons, but others are cautiously targeting opportunities.

The long-running takeover battle for Australian rail and ports operator Asciano is set to intensify after the consortium led by QUBE Holdings improved on its offer price.

The long-running takeover battle for Australian ports and rail operator Asciano will continue after the competition watchdog delayed its decision on the rival bids.

The state's trucking and logistics sector's consolidation has continued after a busy 2015.

A consortium led by logistics group QUBE Holdings has made a binding takeover proposal for rail and ports operator Asciano, hoping to trump a rival offer from a group led by Canadian predator Brookfield Infrastructure.

West Perth-based Shaw River Manganese has become the third manganese miner to announce fallout from depressed ore prices, with the company entering voluntary administration this morning.

Stephen Pollard reckons there aren't many industries where uniforms come in size 5XL, but the chief executive of contracting and materials company All Earth Group, who spends his days surrounded by big equipment and a workforce of big blokes, is on a mission to prove less is more.

The competition watchdog is seeking market feedback after a fresh undertaking by Canada's Brookfield Infrastructure in its takeover battle for ports and rail operator Asciano, which includes the divestment of its bulk rail operations in Western Australia.

An independent expert can't say yet which of the two takeover proposals for rail and ports operator Asciano is better.

Kewdale company Goldstar Transport has struck a deal to buy the major assets of MJ & CM West Transport Services, nine months after another Pilbara-focused transport business changed hands.

Brookfield Infrastructure has suffered a blow in its contested takeover bid for port and rail provider Asciano, with the ACCC declining to accept a series of behavioural undertakings offered by the Canadian group.

Logistics company Qube Holdings is bracing for difficult trading conditions as it battles for control of takeover target Asciano.

Takeover target Asciano has agreed to open its books to logistics firm QUBE Holdings, setting the stage for a likely contest among its suitors.

The contest for Asciano looks set to heat up after a QUBE Holdings-led consortium sought to trump Brookfield Infrastructure with a $9.02 billion takeover proposal for the ports and rail operator.

Canada's Brookfield Infrastructure is determined to take over ports and rail operator Asciano despite Australian logistics firm Qube Holdings having a 19.99 per cent blocking stake in the target.

Takeover target Asciano is hopeful Canada's Brookfield Infrastructure can still pull off its $8.9 billion bid, despite local logistics firm Qube moving to block the marriage.

The ownership of railways and stevedoring operations across Australia has been thrown into further doubt after logistics group Qube Holdings revealed plans for a break-up of Asciano, after teaming up with two big international investors to acquire a 19.9 per cent stake in the takeover target.

Iron ore miner BC Iron has continued its run of cost saving initiatives at its Nullagine operation by awarding a $40 million road haulage contract to QUBE Holdings.

Conditions are ripe for the final piece of Bunbury's harbour relocation.

Logistics company Qube Holdings has written down the value of its port assets at Utah Point and Dampier by $38.5 million, after reviewing the outlook for the iron ore and oil and gas sectors.

Cost cutting can only take a business so far, and with tough times set to continue for mining services contractors, innovation and diversification have a big role to play. Click through to see more on our Mining Services feature.

The state government's decision to sell Fremantle Ports is likely to halt two separate sale and tender processes currently under way, including privatisation of the port's automotive trade.

Mount Gibson Iron has moved to establish a logistics base on Koolan Island, in partnership with Qube Holdings, to service the offshore oil and gas industry.

Fremantle Ports has defended plans to privatise its automotive terminal, after the competition watchdog warned that putting a monopoly service in the hands of a private company could lead to higher prices for car buyers.

Sydney company ACFS Port Logistics has outlined development plans for an industrial site at Rous Head, after announcing a joint venture with Asciano subsidiary Patrick Port Logistics.

Toll Group is anticipating a sizeable increase in the volume of freight it handles at Fremantle, after commencing operations at a $26 million container handling facility it is developing at Rous He

The Perth Freight Link road project could extend the capacity of Fremantle harbour and lead to a rethink on long-term planning for a second container port at Kwinana.

Mining and civil engineering contractor Maca has downgraded its full-year revenue guidance by $30 million after Sydney-based miner Arrium said it was closing one of its South Australian mines.

Asciano subsidiary Patrick is looking to expand its operations at the port of Dampier, after announcing the purchase of a floating wharf that US company Apache Energy is close to completing.

Applecross-based Kerman Contracting has won a $67 million deal for the design and construction of a grain export facility for Quattro Ports, a joint venture between Qube Holdings, Noble Group, Cargill Australia and Emerald Grain.

QUBE Holdings has made further inroads into Western Australia, acquiring Pilbara-based ore haluage business Walmsley Bulk Haulage for $8 million.

QUBE Holdings is confident of continued growth in revenue and profits, helped by the acquisition of Canning Vale-based IML Logistics and the increase in volumes under its port services contract with Chevron.