Company type | Public |
---|---|
ASX: QUB | |
Industry | Logistics, rail transport, stevedoring, warehousing |
Founded | July 2006 |
Founder | Chris Corrigan |
Headquarters | , Australia |
Key people | Paul Digney (Managing Director) Allan Davies (Chairman) |
Revenue | $1.7 billion (2019) |
$181 million (2019) | |
Number of employees | 6,500 (2020) |
Website | www |
Qube Holdings is a diversified logistics and infrastructure company in Australia.
In July 2006, following the takeover of Patrick Corporation by Toll Holdings, Chris Corrigan and some executives departed and teamed with Kaplan Funds Management to explore logistics opportunities. In January 2007, the KFM Diversified Infrastructure & Logistics Fund was listed on the Australian Securities Exchange. [1]
In April 2007, a 75% shareholding in P&O Automotive & General Stevedoring and 50% shareholding in P&O Trans Australia were acquired from DP World. [2]
In June 2010, the KFM Diversified Infrastructure & Logistics Fund was renamed Qube Logistics. [3] [4] [5] In April 2011, Qube exercised an option to take its ownership in P&O Trans Australia up to 95%. [6] [7] [8] In 2012, Qube purchased Independent Rail of Australia. [9]
In January 2015 Qube acquired ISO limited in New Zealand.
As part of the break up of Asciano, Qube purchased a 50% stake in Patrick Corporation in August 2016. [10]
In 2019, Qube acquired Chalmers Industries and LCR Group. In September 2021, Newcastle Agri Terminal was acquired. [11] [12]
In May 2023, Qube acquired Kalari Proprietary Limited from Swire Investments (Australia) Ltd and a 50% stake in Pinnacle, a New Zealand owned and operated group of companies. [13] [14] In November 2023 Qube acquired the remaining 50% in Pinnacle along with Stevenson Logistics in North Fremantle and Agri Rail Terminal in Narrabri. [15]
In May 2024 Qube entered into an agreement to acquire Melbourne International RoRo & Automotive Terminal (MIRRAT) from Wallenius Wilhelmsen for approximately A$332.5 million. [16]
Qube has freight handling and stevedoring facilities at 29 ports in Australia through its subsidiaries P&O Automotive and General Stevedoring, Northern Stevedoring Services, Australian Amalgamated Terminals, PrixCar and the W Qube joint venture between Qube and Wilhelmsen Ships Service. It is also a 50% joint venture partner in Patrick Corporation.
Qube Logistics operates road and rail services. Qube operates rail freight services in regional New South Wales and Victoria, and between Melbourne and Adelaide. In January 2022, Qube commenced operating a contract to transport BlueScope products from its steel works at Port Kembla to Melbourne and Brisbane. [17] It owns the Moorebank Intermodal Terminal in Sydney. [18]
As of October 2019 [update] , Qube owned the following locomotives: [19]
Class | Image | Number in class | Built | Notes | |||
---|---|---|---|---|---|---|---|
Owned Fleet | |||||||
1100 | 8 | 2011-2012 | 4 additional units (1109-1112) ordered but never delivered, sold to White Pass & Yukon Route. | ||||
MZ/14 | 13 | 1972–1974 | Ex Independent Rail of Australia, 4 stored | ||||
44 | 9 | 1961–1967 | Ex Independent Rail of Australia and P&O Trans-Australia, 8 stored | ||||
442 | 1 | 1971–1972 | Ex Independent Rail of Australia, stored | ||||
80 | 3 | 1980–1983 | Ex Coote Industrial | ||||
RL | 3 | 2005-2010 | Ex P&O Trans-Australia | ||||
GML | 1 | 1994 | Ex Comalco. | ||||
QBX | 6 | 2015 | |||||
G | 2 | 1984-1989 | Ex SCT Logistics #521 + 532. | ||||
830 | 2 | 1963-1966 | Ex Greentrains #864 + 872 | ||||
QL | 20 | 2020-2023 | 20 All in Service | ||||
QE | 12 | 2023 | |||||
Leased Fleet | |||||||
CF | 10 | 2012-Current | CF4404, CF4405, CF4406, CF4407, CF4411, CF4412, CF4420, CF4421, CF4422, CF4423 | ||||
VL | 5 | 2007-2009 | VL351, VL353, VL356, VL357, VL360 | ||||
G | 2 | 1984-1989 | G512, G515 |
The Strategic Assets business is responsible for the development of expansion projects and investments. These include:
BlueScope Steel Limited is an Australian flat product steel producer that was spun-off from BHP Billiton in 2002.
Patrick Corporation is an Australian seaport operator with operations in Brisbane, Fremantle, Melbourne and Sydney. Formerly listed on the Australian Securities Exchange, it is owned by Brookfield Asset Management and Qube Holdings.
The Southern Sydney Freight Line (SSFL) is a freight only railway line in the south-western suburbs of Sydney, Australia. The line was built to segregate freight trains from the Sydney Trains network. It forms part of a dedicated freight only corridor between Port Botany and Macarthur. The line is managed by the Australian Rail Track Corporation.
South Spur Rail Services was a Western Australian owned railway company that provides terminal operations and short haul rail services. In February 2006, it purchased Silverton Rail. In March 2007, it was sold to Coote Industrial, then in March 2010 to P&O Trans Australia, which in turn was acquired by Qube Holdings.
Pacific National is one of Australia's largest rail freight businesses.
Southern & Silverton Rail was an Australian rail operator founded in 1886 as the Silverton Tramway Company. The company operated the 1067 mm Silverton Tramway, conveying silver-lead-zinc concentrates 58 kilometres from Broken Hill to the South Australian border. In 1970, its main line was bypassed by the newly standardised, government-funded line from Broken Hill to Port Pirie. It then diversified to operating hook-and-pull services and in the mid-1990s rebranded to Silverton Rail. In 2006, it was purchased by South Spur Rail Services and rebranded again as Southern & Silverton Rail, before both entities were sold to Coote Industrial. In June 2010 it was sold to Qube Logistics and absorbed into that brand.
Rail First Asset Management (RailFirst), formerly known as CFCL Australia, is an Australian rolling stock leasing company operating in the rail freight market. It leases assets to a number of private rail operators, predominantly on the defined interstate rail network.
The Hunter Valley Coal Chain (HVCC) is the chain of coal delivery in New South Wales, Australia from coal mines in the Hunter Region to the Port of Newcastle and domestic coal-fired power stations in the Hunter Valley. The HVCC essentially follows the path of the Hunter River travelling south-east from the mining areas in the Hunter Valley to Newcastle.
Chris Corrigan is an Australian businessman. He was the managing director of the Patrick Corporation until it was taken over in 2006.
Port Botany is a deepwater seaport located in Botany Bay in Sydney, Australia. The port is dominated by trade in containerised manufactured products and, to a lesser extent, bulk liquid imports including petroleum and natural gas. It is one of Australia's largest container ports and is administered by NSW Ports which entered into a 99-year lease agreement with the Port Authority of New South Wales in May 2013.
The GT46C-ACe is a model of Australian diesel-electric locomotive designed and built between 2007–present by Downer Rail at its Cardiff Locomotive Workshops using Electro-Motive Diesel components until 2014, with later units built in Muncie, Indiana.
Independent Rail of Australia was an accredited railway freight operator in New South Wales, Australia.
Brookfield Infrastructure Partners L.P. is a publicly traded limited partnership with corporate headquarters in Toronto, Canada, that engages in the acquisition and management of infrastructure assets on a global basis.
Watco Australia is a rail haulage operator that was formed in 2010 to haul grain for the CBH Group in Western Australia. In 2019, it commenced operating in Queensland under a contract with GrainCorp. It is a subsidiary of Watco.
The Newcastle Agri Terminal (NAT) is an intermodal dry bulk cargo port operator located in Carrington, New South Wales. It is located within the Carrington Precinct of the Port of Newcastle utilising the Dyke 2 berth.
Howard Smith Limited was an Australian industrial company. Founded in 1854 as a shipping company, it later diversified into coal mining, steel production, stevedoring, travel, railway rolling stock building, sugar production and retail. Its divisions began to be sold off in the 1990s with the remainder taken over by Wesfarmers in August 2001.
The Moorebank Intermodal Terminal is an intermodal terminal nearing completion in the south-western Sydney suburb of Moorebank.
The Holsworthy railway line was located in South-western Sydney. It was constructed during World War I, mainly using labour from the Holsworthy Internment Camp. Its purpose was to service the Holsworthy army facilities opening on 21 January 1918.
Bowmans Rail was an Australian railway operator hauling freight in South Australia.
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