Changes are happening - please bear with us while we update our site.

Changes are happening - please bear with us while we update our site.

Transurban Group (ASX:TCL) Drives Traffic Higher In September 2018 Quarter

Transurban Group (ASX:TCL) revealed that traffic continued to grow in its September 2018 quarterly report.

Transurban Group (ASX: TCL) revealed that traffic continued to grow in its September 2018 quarterly report.

Transurban Group is a owner, operator and builder of toll roads in Australia and North America.

Transurban September 2018 Quarter Traffic Highlights:

The headline figure was that average daily traffic (ADT) grew by 3.3%, with growth across all markets.

In Sydney, Transurban acquired an additional 8.24% stake of the M5 West Motorway, it now owns 58.24% and has agreed to acquire another 7.15%. Sydney’s quarterly ADT grew by 2.5% to 681,000 trips.

In Melbourne, construction continues on the West Gate Tunnel Project and the Monash Freeway Upgrade. Melbourne’s quarterly ADT grew by 5.5% to 854,000 transactions.

In Brisbane, the Inner City Bypass Project was completed in August. Brisbane’s quarterly ADT grew by 0.6% to 414,000 trips.

In North America work on the 395 Express Lanes Project continues. Greater Washington Area ADT fell 0.7% to 98,000 trips due to Hurricane Florence, however Transurban did achieve price increases. Montreal ADT grew by 7.5% to 51,000 trips.

Transurban CEO Scott Charlton made reference to the business’ recent WestConnex win and highlighted the opportunity at the AGM:

WestConnex is the largest single road project in Australia’s history and in just over 10 years, 40% of Sydney’s population is expected to live within five kilometres of this network.”

The Transurban share price has fallen 7% over the past year despite reporting toll revenue grew 9% in FY18.

Learn From Australia’s Best* Investors

The Rask Group’s Australian Investors Podcast is fast becoming Australia’s #1 podcast for serious investors. It provides unique insights from Australia’s best investors, entrepreneurs, authors and financial thinkers. Download the latest episode free on iTunesCastboxYouTube or wherever you choose to listen.

*As voted by us

$50,000 per year in passive income from shares? Yes, please!

With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

So how do the best investors do it?

Chief Investment Officer Owen Rask has just released his brand new passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

You can INSTANTLY access Owen’s report for FREE by CLICKING HERE NOW and creating a 100% FREE Rask Account.

(Psst. By creating a free Rask account, you’ll also get access to 15+ online courses, 1,000+ podcasts, invites to events, a weekly value investing newsletter and more!)

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

Skip to content