Transport & Logistics

Long-running negotiations between CPB Contractors and the state government have resulted in the CIMIC Group subsidiary signing a $47.9 million contract for the New Lord St project at Ellenbrook.

Perth taxi and Uber users may see a 10 per cent fare hike for the next four years to fund taxi plate buy-backs as the state government revamps on-demand transport.

Henderson-based shipbuilder Civmec has announced plans to list on the ASX, with details of its entry yet to be determined.

CTI Logistics has acquired national business Jayde Transport in an all-cash deal worth up to $7.5 million, as it seeks to lessen its reliance on the local market.

Qantas says first-half underlying profit could rise as much as 11.5 per cent, but has warned rising fuel costs will start to weigh on earnings after that.

The administrators of troubled oil and gas services provider Go Marine Group say they are confident they can recapitalise the business.

Austal has won a $190 million contract to build two ferries for a Spanish client, along with an order for a 15th littoral combat ship for the US Navy for an undisclosed sum, but the company has yet to decide whether the two ferries will be built at its Henderson shipyard or overseas.

A modular car park construction company chaired by former Automotive Holdings Group boss Bronte Howson has announced plans to raise $6 million from investors and list on the ASX.

Federal minister Christian Porter has traded barbs with Transport Minister Rita Saffioti after the pair attended a press conference to promote the start of a joint Commonwealth and state funded road project.

Qantas shares have hit a record high after US investment bank Goldman Sachs upgraded its rating on the airline.

Automotive Holdings Group has further grown its presence on the east coast with the acquisition of five franchised car dealerships in NSW for $8.5 million plus stock and assets.

New car sales in Western Australia dipped back into the red last month after showing rare signs of improvement in August.

Swan Taxis has announced a 10 per cent discount for the next three months on bookings made through its flat fare app as it continues to battle for market share against Uber.

New ports, better planning and increased use of technology are in the sights of transport industry leaders preparing the state’s freight network for coming decades, according to a panel of experts at a recent Committee for Economic Development of Australia lunch.

The consumer watchdog says some car manufacturers could be breaching Australian consumer law by leaving dealers high and dry over customer complaints.

Qantas chief executive Alan Joyce's annual pay has soared to nearly $25 million, catapulting him into the ranks of the best-paid bosses in Australian corporate history, after he successfully steered the carrier's turnaround with two consecutive years of profit.

The state government has appointed Infrastructure Australia board member Nicole Lockwood to chair a new taskforce to plan a Kwinana outer harbour development, as Transport Minister Rita Saffioti indicated she would stare down internal party dissent about the project.

Western Australia reported a surprise increase in new car sales last month, boosted by strong performances by Toyota and Hyundai.

Henderson-based shipbuilder Austal has landed its first commercial deal in Taiwan after being hired to build two vessels, with the contract valued at $44 million.

Qantas will conduct a 12-month trial of discounted airfares for six regional centres in Western Australia, following a similar move by Regional Express in July.

Qantas is changing one of its most popular routes and upgrading the aircraft on another key service as part of a five-year extended partnership with Emirates.

Henderson-based shipbuilder Austal has returned to the black with a profitable 2017 financial year, driven in large part by a turnaround in its US operations.

Perth-based Automotive Holdings Group has delivered a lower full-year net profit result on the back of restructures and one-off costs associated with its refrigerated logistics business.

Australia's biggest airline, Qantas, said its net profit fell as the benefits of lower fuel prices were offset by the reduction in net passenger revenue and after a one-off gain in the prior year.

A joint venture between WBHO Infrastructure and SRG has won a $22.8 million contract to build new road infrastructure that will allow traffic to bypass the Margaret River town centre.

Rail freight operator Aurizon has announced the closure of its Forrestfield terminal by the end of the year, as part of a national restructure that will result in the loss of 250 jobs.

The Supreme Court has ordered the winding-up of the company behind a successful, well-established trucking business after a complete breakdown in relations between founding directors Ken Shepherd and Tony Maddever.

Weaker demand for domestic flights has sent Virgin Australia to an annual loss but the airline says a recent improvement in conditions is set to continue.

Travel time estimates on Perth’s freeways will be displayed on electronic signs in real-time from today, as the state government puts the wheels in motion for about $140 million of freeway upgrades.

New car sales in Western Australia started the 2018 financial year in the slow lane, falling 8 per cent in July as national sales continued to rise.

Bis Industries, one of the major transport players in Western Australia, will come under new ownership after a $1 billion debt-for-equity swap deal was struck with its major lenders.

Australian Road Express – a Perth-based transport subsidiary of Rivet Group (formerly known as McAleese Group) – has been put into the hands of receivers, leaving 180 jobs at risk.