Australia

Authorities in Western Australia seized $1.5 million in cryptocurrency following a drug bust, the Australian Border Force announced on Wednesday. The ABF said that it tipped the WA police after intercepting 27.5 grams each of MDMA tablets and MDMA powder at the Perth Gateway Facility in October....

AUD/USD Current Price: 0.6842 The RBA kept rates unchanged as expected, statement perceived as “hawkish.” Australian Q3 GPD expected to show that the economy grew by 0.5% in the quarter. AUD/USD retreated from critical resistance but maintains its bullish potential. The AUD/USD pair...

Down Under Trucking is a weekly selection and round-up of trucking related stories from around Australia and from different aspects of the local trucking industry. This week: truckers slugged by box terminal operators; truckers slugged by tax hikes; truckers slugged by safety regulators; drivers...

The iShares MSCI Australia ETF (NYSE: EWA), the largest Australia exchange traded fund listed in the United States, could contend with an issue often reserved for single-country ETFs devoted developing economies: credit risk. The $1.72 billion EWA is up 19% year to date, good for one of the best...

It is seldom that a report by a government agency receives widespread support, but analysis from the Productivity Commission that Australia has unfinished trucking and transport business has been very warmly received. In other Aussie trucking news: brake-maker ABT converts note-holders into...

A spate of deadly trucking-related accidents has taken place around Australia over the last week. Truck rollovers were a major contributor to the death toll. There was also a range of other tragic accidents involving moving vehicles. In other Down Under Trucking news, a criminal trucker gets years...

Virgin Australia will add Japan to its international cargo network, beginning March 29, 2020, with daily services between Brisbane and Tokyo-Haneda. Cargo space on the new route will be marketed by Virgin Atlantic Cargo under a long-standing international long-haul sales and marketing agreement...

Signs of the impending transition to electric vehicles continue to gather apace. The authorities in the Western Australian City of Fremantle are trialing an electric garbage truck. "So what?" a reader might reasonably say. But when the operator of the electric truck is Cleanaway, which operates 4,...

By New Frontier Data Q: What degree of activity does Australia represent in the global hemp market? A: According to New Frontier Data's The Global State of Hemp: 2019 Industry Outlook, Australia accounts for approximately 1% of global hemp sales. Like most markets around the world, Australia...

The last couple of days took a dramatic turn with U.S. short seller J Capital making explosive allegations that global logistics software behemoth, WiseTech – a A$9 billion (US$6.2 billion) company, has been seriously misleading investors. WiseTech has robustly denied these claims. Pictured:...

Dutch airport operator Royal Schiphol Group and state-owned investment firm Queensland Investment Corporation (QIC) have won the contest for a combined 70% stake in Hobart International Airport (HIA) in Australia. While price of the acquisition has not been disclosed, a multiple of 25 times...

Down Under Trucking this week: guilty of causing death by dangerous driving; hill driving; trucker fired; police shoot tow truck thief; logistics industry urges government to ramp up! Trucker found guilty of killing two road users by dangerous driving A cattle truck driver has been found guilty...

Rod Sims, the chairman of the Australian Competition and Consumer Commission, has barked at the many monopolists inhabiting Australia, including the world's biggest coal export port, the Port of Newcastle. Describing the current environment as a "tussle" between Australia's regulatory framework...

Australian logistics continues to be dangerous for workers and truckers. A worker was crushed to death in a port yard last week. Meanwhile, corporate logistics Australia was busy last week winning new contracts and engaging in corporate restructuring. And finally, there was an official...

Truck driver Terry Damon will receive a total of A$1.7 million (US$1.15 million) of compensation from his employer, a shipper and a consignee, after they collectively caused him to suffer a severe injury to his back, a court has ruled.  "As I was lifting the tyre I felt a pop in the bottom of me...