Inland Ports, Tricky Politics: Chris Corrigan’s Qube reels in $1.7bn public land sale
JobKeeper messages between Qube Holdings and Treasury shed light on how ports giant qualified for subsidies
Qube writes down Moorebank rail hub
Fitting the signal to the system
Qube purchases four Australian-made locomotives
Qube remains in a strong financial position
Australian Amalgamated Terminals (AAT) has purchased a new rail-mounted harbour crane for the Brisbane operations
Maurice James to depart Qube
Qube blames virus for weaker profits forecast
Qube cool on One Rail’s coal, watching brief on freight
Qube has awarded the contract to build four locomotives to UGL, part of the CIMIC Group.
The four locomotives will be built in Newcastle at UGL’s workshops there, said UGL’s managing director Jason Spears.
“These contracts extend our light rail capability alongside our Adelaide heavy rail presence and commence our relationship with Qube Logistics. UGL has a strong reputation for quality and safety and we look forward to exhibiting that through these manufacturing, maintenance and operations contracts.”
Qube has recently signed extensions to its freight rail logistics business. Late last year, the company announced that it had signed contracts with Shell Australia and Bluescope Steel. In its Half Year results announcement, Qube indicated that it would spend $73 million on new rollingstock and infrastructure to support the Bluescope contract.
Additionally, its Morebank Logistics Park began rail operations with a major warehouse for retailer Target.
Further agreements for tenants at other sections of the Park are in the final stages of being negotiated.
According to UGL, its base in Newcastle was key to the purchase by Qube.
“UGL’s long history of manufacturing is key to our success in Newcastle. We’re proud that UGL has had a presence in in NSW for more than 120 years, including a strong presence in Newcastle.”
The news follows the announcement that UGL, along with Transit Systems and John Holland will operate the Adelaide tram network from July 2020.
The post Qube purchases four Australian-made locomotives appeared first on Rail Express.
This article first appeared on www.railexpress.com.au
About this website
Railpage version 3.10.0.0037
All logos and trademarks in this site are property of their respective owner. The comments are property of their posters, all the rest is © 2003-2021 Interactive Omnimedia Pty Ltd.
You can syndicate our news using one of the RSS feeds.