Latest Logistics News

Qube Holdings has confirmed that Macquarie Asset Management has met the conditions to extend their exclusivity period, keeping potential deal talks alive but without any guarantee of a binding agreement.

Qube Holdings has sold its 202-hectare Beveridge property interest for $111 million, booking a substantial $100 million pre-tax profit in FY26. The move frees Qube from development costs while keeping future operational options open.

Freightways Group Limited is set to acquire VT Freight Express for A$71 million, marking a strategic expansion into Australia's B2B express delivery market. The acquisition is expected to boost earnings and complement Freightways’ existing B2C operations.

CTI Logistics Limited anticipates a significant 55% increase in profit before tax for the half year ending December 2025, driven by robust revenue growth and operational improvements in Western Australia.

Macquarie Asset Management has tabled a $5.20 per share cash offer to acquire Qube Holdings, valuing the logistics giant at approximately $11.6 billion. The Qube board has entered an exclusivity agreement and signals unanimous support, pending due diligence and regulatory approvals.

MOVE Logistics Group reports a significant reduction in losses and improved margins in the first quarter of FY26, even as revenue declines amid economic headwinds.

Wellard Limited has received a final Australian Taxation Office ruling confirming its recent 15 cents-per-share return of capital is not taxable as a dividend, clarifying the tax implications for shareholders following the sale of its last revenue-generating asset.

Wellard Limited has formally requested to delist from the ASX following the sale of its final revenue-generating vessel, aiming to reduce costs and return excess cash to shareholders. The move awaits shareholder approval at the upcoming AGM.

Boom Logistics has announced the continuation of its on-market share buy-back program, aiming to repurchase up to 10% of its shares over the next year as part of its capital management strategy.

K&S Corporation has lost its decades-long transport service contracts with InfraBuild following a competitive tender, with the transition expected before the end of FY2026. The financial impact remains unclear as the company prepares for operational changes.

CTI Logistics has updated its 2025 final dividend details, confirming a fully franked payout and share pricing for its Dividend Reinvestment and Bonus Share Plans.

Boom Logistics has confirmed the resignation of former CEO Ben Pieyre following investigations into his unauthorised use of company funds, with losses estimated under $1 million and ongoing inquiries underway.