Transport

Shareholders are resisting the low-ball bid from the toll road group’s most powerful investor. But there may be another path forward.

The board of the toll road group has the backing of at least one major shareholder. But a hostile takeover from its largest investor may be inevitable.

Atlas chair Debbie Goodin said she was blindsided by IFM as it made its takeover approach, but remains open to an improved bid.

Australia faces a shortage of 28,000 truckies. With unions opposing recruitment of overseas drivers to fill the shortfall, the Coalition says it would boost productivity.

The ambitious 1,700km project is being halved in length and will now stop in Parkes, not Brisbane, after a government report found it could cost $45 billion.

The market shrugged off the nation’s carrier’s move to decrease domestic capacity and axe routes, but it may still pay the price for the ongoing spike in fuel costs.

While Anthony Albanese can barely contain his enthusiasm for fast rail from Sydney to Newcastle, other political parties are less sure.