On The Road Aussie Trucking Podcast
Sep 5, 2026 · 1 hr 32 min · 15 segments
340. Australian Trucking News and Opinion with Mike and Trev To check out if I'm in the right can help you please hit this link https://imintheright.com.au/commercial-fleet/
Trev WarnerHostThe big story, though, Team Global Express, mate, they seem as though they're in a little bit of financial trouble.
Told Global Express, which is now Team Global Express... was carved from the toll group from Japan Post, et cetera, and acquired by a private equity firm, Allegro Funds, in 2021.
Now, what happens to transport companies when they get acquired by equity companies?
Every time, every time, every time a big transport concern gets acquired by a private equity company, what happens? They wrote it that they stripped the money out of it.
And you know, that's that's it it that comes to it Comes to a screamer halt Christine Holgate former Australia post CEO Yoshi of the watch gift sort of thing It's been in charge of the operations of the large multimodal network of trucks rail and related service across Australia New Zealand totally employs more than a thousand people, you know, I
So it's early September 2026 and the reports are now emerging that the company is under significant financial pressure.
Auditors of its parent entity, Australian Parcels, flagged material uncertainty and that cast significant doubt on the group's ability to continue as a going concern.
Unless they can manage to refinance $180 million in debt and raise about $100 million by March of 2027, this is according to Channel 9.
The key details of this situation include roughly $178 million in debt facilities that were due in April, last April, have been extended to July 2027.
Allegro have provided a bit of extra support, including $16.5 million interest-free loans.
The company's been selling assets, including booking again from the sale of its Straightlink Tasmania shipping business.
The big story, though, Team Global Express, mate, they seem as though they're in a little bit of financial trouble.
Told Global Express, which is now Team Global Express... was carved from the toll group from Japan Post, et cetera, and acquired by a private equity firm, Allegro Funds, in 2021.
Now, what happens to transport companies when they get acquired by equity companies?
Every time, every time, every time a big transport concern gets acquired by a private equity company, what happens? They wrote it that they stripped the money out of it.
And you know, that's that's it it that comes to it Comes to a screamer halt Christine Holgate former Australia post CEO Yoshi of the watch gift sort of thing It's been in charge of the operations of the large multimodal network of trucks rail and related service across Australia New Zealand totally employs more than a thousand people, you know, I
So it's early September 2026 and the reports are now emerging that the company is under significant financial pressure.
Auditors of its parent entity, Australian Parcels, flagged material uncertainty and that cast significant doubt on the group's ability to continue as a going concern.
Unless they can manage to refinance $180 million in debt and raise about $100 million by March of 2027, this is according to Channel 9.
The key details of this situation include roughly $178 million in debt facilities that were due in April, last April, have been extended to July 2027.
Allegro have provided a bit of extra support, including $16.5 million interest-free loans.
The company's been selling assets, including booking again from the sale of its Straightlink Tasmania shipping business.
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