Qube Holdings

Qube Holdings is a diversified logistics and infrastructure company in Australia.

Qube Holdings
TypePublic
ASX: QUB
IndustryLogistics, rail transport, stevedoring, warehousing
FounderChris Corrigan
DefunctJuly 2006
Headquarters
Sydney
,
Australia
Key people
Maurice James (Managing Director)
Allan Davies (Chairman)
Revenue$1.7 billion (2019)
$181 million (2019)
Websitewww.qube.com.au

History

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]

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.

Operations

Ports and bulk

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.

Logistics

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 will commence operating a contract to transport BlueScope products from its steel works at Port Kembla to Melbourne and Brisbane.[11] It owns the Moorebank Intermodal Terminal in Sydney.[12]

Locomotive fleet

As at October 2019, Qube owned the following locomotives:[13]

Class Number
in class		 Built Notes
1100 8 2011-2012
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
47 1 1973 Ex Independent Rail of Australia, stored
80 3 1980–1983 Ex Coote Industrial
RL 3 2005-2010 Ex P&O Trans-Australia
GML10 1 1994
QBX 6 2015
G 2 1984-1989 Ex SCT Logistics
830 2 1963-1966 Ex Greentrains
UGL Rail C44aci TBA 2020-2021 On order[14]

Strategic Assets

The Strategic Assets business is responsible for the development of expansion projects and investments. These include:

References
  1. KFM Diversified Infrastructure & Logistics Fund Admission to Official List Australian Securities Exchange 3 January 2007
  2. KIL to participate in major logistics alliance Kaplan Funds Management 10 April 2007
  3. Announces name change to Qube Logistics KFM Diversified Infrastructure & Logistics Fund 5 February 2010
  4. "Corrigan eyes Patrick dream at Kaplan". The Sydney Morning Herald. 6 February 2010.
  5. "Chris Corrigan enjoying life in a slower lane". The Australian. 28 August 2010.
  6. Qube to acquire DP World's Shareholding in P&O TRans Australia Qube Logistics 18 April 2011
  7. "Corrigan on fast track with $106m ports deal". The Australian. 19 April 2011.
  8. Qube and POTA Catch Point issue 203 May 2011 page 15
  9. Qube takes over Independent Railways of Australia Catch Point issue 210 July 2012 page 11
  10. Qube Brookfield consortium completes acquisition of Patrick Qube Holdings 18 August 2016
  11. SCT confirmed for Bluescope steel east-west contract, Qube wins north - south work Railway Digest June 2020 page 6
  12. Moorebank Logistics Park Qube Holdings
  13. Australia Wide Fleet List Motive Power issue 126 November 2019 page 71
  14. "UGL awarded $180M in rail contracts in NSW and SA". UGL Rail. 11 March 2020.
  15. "Qube expands regional rail capacity" (PDF). Qube Logistics Holdings Limited. 7 June 2012.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.