Buying more Transpacific

Transpacific Industries’ share price has fallen 29% since it reached $1.19 in March and is now down around 10% since a recent fatal accident involving a Transpacific truck in Adelaide, which led to the grounding of the company’s entire fleet. We’re unable to quantify the cost but so far the incident has had no impact on the company’s long-term earnings power. We’ll know for sure when the investigations are finalised, but for now we’re focused on bigger challenges. Whether Transpacific turns out to be a good investment or not hinges on chief executive Bob Boucher’s ability to reclaim market share...

Transpacific Industries’ share price has fallen 29% since it reached $1.19 in March and is now down around 10% since a recent fatal accident involving a Transpacific truck in Adelaide, which led to the grounding of the company’s entire fleet.

We’re unable to quantify the cost but so far the incident has had no impact on the company’s long-term earnings power. We’ll know for sure when the investigations are finalised, but for now we’re focused on bigger challenges.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles