Morningstar | Qube’s Transformational Moorebank Project is on Track to Begin Operating in Mid-2019
Qube Holdings is a port and logistics operator focused on the import/export supply chain for containerised and bulk products. Qube also provides automotive and general stevedoring services. Port and logistics volumes have traditionally grown at rates equal to or above gross domestic product. However, Qube's strategy to consolidate a fragmented industry should deliver above-market rates of growth and scale benefits. Qube also holds a stake in two industrial land sites in southwest Sydney, at Moorebank and Minto, which are adjacent to the Southern Sydney Freight Line. These will be developed into intermodal terminals to help alleviate congestion at Port Botany and drive efficiencies in the distribution supply chain. Moorebank, on full completion and ramp-up, will materially contribute to group earnings and deliver a strong competitive advantage for the group's logistics operations.Qube Holdings is engaged in providing logistics solutions across multiple aspects of the import-export supply chain. Co. is also involved in the management and development of properties. Co.'s segments include: logistics, which provides a range of services relating to the import and export of containerized cargo; ports & bulk division, which provides a range of logistics services relating to the import and export of mainly non-containerized freight, with focus on automotive, bulk and break bulk products; and strategic assets which include, among others, its 66.7% interest in the Moorebank Industrial Property Trust; a 37.5% interest in the Quattro Grain joint venture.
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