TRANSPORT infrastructure company Asciano announced it expects further trouble in its motor vehicle transport volumes given the automotive sector downturn.
Asciano anager Steven Ford told investors the drop in volumes was also partly offset by “continued high levels of storage.”
However Asciano reports its bulk rail volumes experienced solid growth, thanks mainly to an increase in grain volumes and bulk.
General stevedoring volumes also remained ahead of 2008, reflecting improved agricultural commodity flows, however these have slowed in the last three months.
The outlook for the auto, bulk and general division of the company is mixed going into the third quarter, with grain haulage volumes set to continue their growth while Autocare transport and processing volumes will remain negatively impacted.
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