Qube Holdings chief executive Maurice James has scaled back growth forecasts amid uncertainty over how badly the coronavirus will disrupt imports to Australia as the logistics group reported a 16 per cent drop in interim profits to $51.7 million.
Just two weeks after swallowing port logistics firm Chalmers, Qube has seen a slight fall in net profits on a much larger rise in revenues and profits before non-recurring items.
Qube Logistics has offered an insight into its warehousing development in Adleaide, comprising a new 10,000 square metre insulated facility at Outer Harbor in South Australia.
Australian Amalgamated Terminals (AAT), a wholly-owned Qube company, has purchased a new Liebherr Group LPS 550 rail-mounted harbour crane for the Brisbane operations.
Qube Managing Director Maurice James tells Rail Express about the flagship project at Moorebank Logistics Park, what’s next for the site, and his thoughts on the road to rail freight shift.