Transpacific under review

Key pointsGrounding of fleet to cost $20mManagement tight-lipped about impact of falling commodity pricesSwitching to Under ReviewLast week Transpacific Industries announced that the cost of grounding its fleet following a fatal accident involving one of its trucks would be $20m. That came as no surprise to the market, yet the stock price has fallen 11% since then.Transpacific benefits from lower fuel prices, but as it’s heavily exposed to the resources sector the fall in the share price is not surprising given the remarkable fall in oil and other commodity prices. We’ve been trying unsuccessfully to quantify what impact the market...

Last week Transpacific Industries announced that the cost of grounding its fleet following a fatal accident involving one of its trucks would be $20m. That came as no surprise to the market, yet the stock price has fallen 11% since then.

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