Transurban pummeled by plunging traffic volumes

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Toll road giant, Transurban, continues to be hammered by plunging traffic volumes from COVID-19:

Toll roads operator Transurban has updated the market on the September quarter, unveiling an average daily traffic figure down 25.2 per cent for the period…

Still, chief executive Scott Charlton said in a speech released to the ASX ahead of the company’s AGM today that Transurban was well positioned for the future.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.