We thank Tamsy Harcourt from The Australian for her coverage overnight of both the proposed DP World acquisition of Silk Logistics AND the spiraling VBS costs.
QUOTE:
"The big thing with this one is just the vertical integration," FTA director Paul Zalai said. "The ACCC's got some valid concerns that we shared as well; that this may open up a commercial advantage for them, and cause an issue for competing transport operators."
The proposed deal comes as exporters and importers have been hit with a rise in landside charges at ports. According to estimates from the FTA, total revenue per container lift has risen 23 per cent in three years. The FTA has also flagged skyrocketing costs of empty container notification fees.
The full article titled Stevedore company DP World's bid for rival Silk raises the ACCC's competition concerns is available HERE