Aside from the anti-Midas touch of Mark Rowsthorn, this is worth noting because McAleese’s difficulties appear to go to demand as much as ineptitude:
The McAleese Group, owner of Cootes Transport, has issued its second profit warning in two months, saying trading in the March quarter has been more difficult than expected due to safety breaches and falling demand for its heavy haulage services.
The wholesale sector has been consistently more weak than other sectors in the NAB survey over recent months and has suggested the underbelly of the cyclical bounce was soft. This may also be the result of the mining capex cliff as capital goods and increasingly building and structures materials come under pressure.
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