CORE STRENGTHS

Ac­qui­si­tions help boost full-year re­sults of many trans­port and lo­gis­tics rms with pos­i­tive out­look for cur­rent nan­cial year

Australian Transport News - - Operations + Strategy - WORDS R OB M cKAY

S ev­eral sup­ply chain, ser­vices and lo­gis­tics com­pa­nies saw over­all growth de­spite fluc­tu­a­tions in cer­tain di­vi­sions. One of the com­mon de­nom­i­na­tors for this in­crease was tar­geted ac­qui­si­tions ex­cept in the case of rail freight op­er­a­tor Aur­i­zon, which di­vested a key di­vi­sion fol­low­ing a mas­sive fall.

The com­pany’s in­ter­modal arm took the big­gest hit as Aur­i­zon dived into a full-year loss. Dis­rup­tion in op­er­a­tions fol­low­ing Cy­clone Deb­bie was one of the pri­mary rea­sons for this. Sig­nif­i­cant fi­nan­cial losses in in­ter­modal over the years led to the de­ci­sion to sell the Queens­land busi­ness to a con­sor­tium of Lin­fox and Pa­cific Na­tional, with the lat­ter also snap­ping up Aur­i­zon’s Aca­cia Ridge ter­mi­nal. Aur­i­zon MD and CEO Andrew Hard­ing said the changes will see sim­pler struc­ture and greater man­age­ment ac­count­abil­ity.

Mean­while, lo­gis­tics gi­ant Qube Hold­ings saw slight profit dip, with one-off items tak­ing the edge off solid an­nual re­sults per­for­mance. The firm saw costs and im­pair­ments take the gloss off in­come growth.

Au­to­mo­tive Hold­ings Group’s (AHG’s) Re­frig­er­ated Lo­gis­tics arm re­cov­ered as the com­pany’s over­all profit took a hit. Other fac­tors in­clud­ing items linked to re­struc­tur­ing and changes, and car mar­ket soft­ness hurt its bot­tom line.

Lo­gis­tics soft­ware provider WiseTech’s full-year re­sults fig­ures soared in the past fi­nan­cial year. The com­pany plans to con­tinue full and share ac­qui­si­tions of in­ter­na­tional freight man­age­ment so­lu­tion providers to add value to its in­te­grated lo­gis­tics plat­form, Car­goWise One. Fleet man­age­ment com­pany SG Fleet also saw full-year prof­its on the up and up owing to con­tri­bu­tions from both fresh ac­qui­si­tions and or­ganic growth.

Waste man­age­ment firm and ma­jor fleet owner Toxfree kept prof­its and projects rolling, with ac­qui­si­tions in­clud­ing Daniel­sHealth Aus­tralia, JJ Richards’ in­dus­trial busi­ness in Roma and Ac­tive In­dus­trial So­lu­tions.

Mean­while, Ahmed Fa­hour can look back on his de­par­ture as Aus­tralia Post boss fondly as the gov­ern­ment en­ter­prise

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