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\u003cp\u003e\u003c/p\u003e\r\n \u003c/div\u003e\r\n \u003cnav class=\"nav related\"\u003e\r\n \u003cul class=\"nav-horizontal\"\u003e\r\n\r\n \u003c/ul\u003e\r\n \u003c/nav\u003e\r\n \u003c/div\u003e\r\n \u003c/div\u003e\r\n \u003ch3\u003eScot Ribeiro\u003c/h3\u003e\r\n\r\n \u003c/div\u003e\r\n \u003c/div\u003e\r\n \u003c/article\u003e\r\n \u003carticle class=\"related-item project\"\u003e\r\n \u003cdiv class=\"related-inner\"\u003e\r\n\r\n \u003c!-- inline style on the div, this is the full-color logo --\u003e\r\n \u003cdiv class=\"overlay-trigger\"\u003e\r\n \u003cdiv class=\"img-border\"\u003e\r\n \u003c!-- note that this is the grayscale logo --\u003e\r\n \u003cdiv\u003e\r\n \u003cimg src=\"https://australia.gordonbrothers.com/-/media/images/people/thumbnail-headshots/mmacaulay-eur-thumb.ashx?as=1\u0026amp;mh=266\u0026amp;mw=266\u0026amp;hash=9343AA955434748091511AA6378E74FE3F85713D\" alt=\"photo of Malcolm Macaulay\" /\u003e\r\n \u003c/div\u003e\r\n \u003cdiv class=\"overlay\"\u003e\r\n \u003cdiv class=\"description\"\u003e\r\n \u003cp\u003e\u003c/p\u003e\r\n \u003c/div\u003e\r\n \u003cnav class=\"nav related\"\u003e\r\n \u003cul class=\"nav-horizontal\"\u003e\r\n\r\n \u003c/ul\u003e\r\n \u003c/nav\u003e\r\n \u003c/div\u003e\r\n \u003c/div\u003e\r\n \u003ch3\u003eMalcolm Macaulay\u003c/h3\u003e\r\n\r\n \u003c/div\u003e\r\n \u003c/div\u003e\r\n \u003c/article\u003e\r\n \u003carticle class=\"related-item project\"\u003e\r\n \u003cdiv class=\"related-inner\"\u003e\r\n\r\n \u003c!-- inline style on the div, this is the full-color logo --\u003e\r\n \u003cdiv class=\"overlay-trigger\"\u003e\r\n \u003cdiv class=\"img-border\"\u003e\r\n \u003c!-- note that this is the grayscale logo --\u003e\r\n \u003cdiv\u003e\r\n \u003cimg src=\"https://australia.gordonbrothers.com/-/media/images/insights/article/publication-thumbnails/wa-transport.ashx?as=1\u0026amp;mh=266\u0026amp;mw=266\u0026amp;hash=82FC20C2CB2A2A3D0B6CDE5E8FD2A8374C212C67\" alt=\"photo of The transport industry is a beneficiary of a more buoyant mining sector in Western Australia\" /\u003e\r\n \u003c/div\u003e\r\n \u003cdiv class=\"overlay\"\u003e\r\n \u003cdiv class=\"description\"\u003e\r\n \u003cp\u003eBy: Ben Gibson | Originally published in Western Australia Transport Magazine\n\u0026#160;\nThe past two years has seen steady and positive growth within the mining and related transport equipment sector as a result of a turnaround in a once heavily depressed resources market.\n\u0026#160;\nLarge participants are posting record export numbers off the back of increasing commodity prices and developments in mining technology. OEM lead times for large yellow equipment such as Off Highway Dump Trucks, Excavators, Wheel Loaders and Bull Dozers have seen an increase depending on customer requirements according to various market participants. It is evident that tier one brands such as Caterpillar and Komatsu remain in high demand, particularly in these periods of increased activity. \n\u0026#160;\nMining remains the pillar of the West Australian economy, with renewed confidence as larger projects from the major miners such as BHP’s South Flank, Rio’s Koodaideri and Fortescue’s Eliwana combined $8 billion get under way. \n\u0026#160;\nGold, Nickel and Lithium will also be contributors as will Oil and Gas with the likes of Wheatstone, Greater Enfield and Greater Western Flank. Queensland remains strong in coal with plenty of new coal exploration licenses and a recently approved a royalty framework which actively encourages the development of new coal tenements in the Galilee and Surat basins. \n\u0026#160;\nThese heavy capital investments require an enormous transport and logistical component commitment not only during the construction phase but well after completion into production. \n\u0026#160;\nWhilst caution is still being exercised regarding transactions and capital expenditure, an emerging trend was the rise of mining mergers and acquisitions in the first quarter of 2018 where figures indicated an 86% rise year over year according to a recent a report published by Ernst Young. It has been reported that investors have been attracted to the decreasing financial risk and improved margins. Strong cash generation within the sector has resulted in easier security funding which is no longer limited to traditional lenders with the inclusion of new bank syndicates, private equity firm and global asset based lenders such as Gordon Brothers which has recently opened its Perth office.\n\u0026#160;\nThe market for new and used mining mobile plant is thriving, with a shortage in supply of late model and low hour assets. A combination of project ramp up and quality equipment shortages has seen mining assets return to high demand across the country. \n\u0026#160;\nEquipment lead times through leading mining manufacturer Caterpillar can be considered a barometer, reflective of the demand in the machinery market. \n\u0026#160;\nThere is currently lead times ranging from 12-18 months for mobile plant and upwards of eight months for some componentry such as engines which is partially due to backlogs caused by contraction of supply chains during the previous years of downturn. \n\u0026#160;\nThe value of good condition and low hour machines has soared, and wherever possible equipment life is being extended to cover the lack of supply. \n\u0026#160;\nAccordingly, available positions for heavy duty diesel mechanic apprenticeships with the likes of Westrac and Komatsu are at all-time highs. \n\u0026#160;\nIn fact, all areas of mining and support equipment appear buoyant with regard to asset values. The last 12 months has seen like for like asset prices improve, ranging from 10-25% depending on asset class, make and condition. \n\u0026#160;\nAsking prices for used equipment have seen a significant surge in the past six months particularly, and a number of enquiries suggest that, while asking prices do not represent consummated sales data, enquiries, demand and sale completions have seen an increase. Recent auction sales data has also been strong. \n\u0026#160;\n\nTransport Sector Equipment \n\nThe transport industry is a beneficiary of a more buoyant mining sector in WA, particularly large prime movers, side tipping trailers and floats for transporting mining support equipment. \n\u0026#160;\nWe are witnessing a promising market outlook for this sector as highlighted by new truck sales in 2018, which were consistently strong and have set new records. \n\u0026#160;\nThe transport market took a significant downturn in 2008 (much earlier than the mining sector) and while the recovery has been slow, 2018 has seen new truck sales reach and surpass pre GFC levels. \n\u0026#160;\nSales through July 2018 were positive with VFACTS data showing a 12.7% increase in new truck sales compared to the same month last year and a 17% increase on year to date figures when compared with the previous year. \n\u0026#160;\nNew heavy-duty truck sales, given their significant capital cost are often seen as a barometer for transport sector confidence. This class saw July 2018 sales achieve 1088 deliveries, a 21.4% improvement on July 2017 figures. \n\u0026#160;\nOEMs of trucks and trailers have been buying back used fleet assets from transport operators at premium values to secure supply for their own used equipment divisions. End users will pay premium prices for late model quality equipment to service immediate workflow. \n\u0026#160;\nThe Australian government, as referenced on their Department of Infrastructure and Regional Development website estimates the freight and logistics industry to account for approximately 8.6% of Australia’s GDP annually. While this includes shipping, air and rail freight, this sector is a significant portion of Australia’s annual GDP. \n\u0026#160;\nThe trucking industry is made up of small, medium and large entities. While companies such as Toll, Linfox, QUBE among others are well known and prominent in the sector, small and medium size entities are scattered across Australia and make up the bulk of the industry participants. \n\u0026#160;\nGiven the diverse range of entities supplying Australia’s transport sector and the amount of assets required, there is always a ready market of buyers at any given time. \n\u0026#160;\nThe recent collapse of Redstar Transport demonstrates that long road haulage remains competitive and although likely stable in the medium term, it will face its own disruptor challenges including:- \n\u0026#160;\n\n GPS monitoring, sophisticated real time tracking for safety, fatigue, maintenance will become a mandatory compliance requirement for major carriers and customers. \n \u0026#160;\n Truck platooning: Connecting two or more trucks in a group with the assistance of connectivity technologies, artificial intelligence, autonomous driving and support systems. • Autonomous Driving: With wages and fuel being the two largest expenses for truck operation autonomous trucks offer a way to reduce costs. While this technology is actively being explored by truck manufacturers it is unlikely to be commercialised until 2025 at the earliest is more likely to occur after 2030.\n \u0026#160;\n Electric Trucks: Many manufacturers are moving to develop electric trucks based on the US co2 regulations facing the industry along with increased diesel prices. Currently, players such as Tesla, Daimler, VW, Peterbilt and Paccar are among those conducting research on electric trucks. \n \u0026#160;\n\n\nSummary\n\nWhile traditional transport industry supporters around the country slow such as new housing construction and the ailing retail sector, for those West Australian transporters with the right fleet configurations, mining remains strong and in need of its services. \n\u0026#160;\nThis is clearly evidenced in current equipment market prices. Keep your fleet well maintained, turn it over regularly so that it stays up to date with technology improvements and most importantly embrace the coming disruption, don’t be a taxi in the age of Uber. \n\u0026#160;\u003c/p\u003e\r\n \u003c/div\u003e\r\n \u003cnav class=\"nav related\"\u003e\r\n \u003cul class=\"nav-horizontal\"\u003e\r\n\r\n \u003c/ul\u003e\r\n \u003c/nav\u003e\r\n \u003c/div\u003e\r\n \u003c/div\u003e\r\n \u003ch3\u003eThe transport industry is a beneficiary of a more buoyant mining sector in Western Australia\u003c/h3\u003e\r\n\r\n \u003c/div\u003e\r\n \u003c/div\u003e\r\n \u003c/article\u003e\r\n \u003carticle class=\"related-item project\"\u003e\r\n \u003cdiv class=\"related-inner\"\u003e\r\n\r\n \u003c!-- inline style on the div, this is the full-color logo --\u003e\r\n \u003cdiv class=\"overlay-trigger\"\u003e\r\n \u003cdiv class=\"img-border\"\u003e\r\n \u003c!-- note that this is the grayscale logo --\u003e\r\n \u003cdiv\u003e\r\n \u003cimg alt=\"photo of About Gordon Brothers\" /\u003e\r\n \u003c/div\u003e\r\n \u003cdiv class=\"overlay\"\u003e\r\n \u003cdiv class=\"description\"\u003e\r\n \u003cp\u003e\u003c/p\u003e\r\n \u003c/div\u003e\r\n \u003cnav class=\"nav related\"\u003e\r\n \u003cul class=\"nav-horizontal\"\u003e\r\n\r\n \u003c/ul\u003e\r\n \u003c/nav\u003e\r\n \u003c/div\u003e\r\n \u003c/div\u003e\r\n \u003ch3\u003eAbout Gordon Brothers\u003c/h3\u003e\r\n\r\n \u003c/div\u003e\r\n \u003c/div\u003e\r\n \u003c/article\u003e\r\n \u003carticle class=\"related-item project\"\u003e\r\n \u003cdiv class=\"related-inner\"\u003e\r\n\r\n \u003c!-- inline style on the div, this is the full-color logo --\u003e\r\n \u003cdiv class=\"overlay-trigger\"\u003e\r\n \u003cdiv class=\"img-border\"\u003e\r\n \u003c!-- note that this is the grayscale logo --\u003e\r\n \u003cdiv\u003e\r\n \u003cimg src=\"https://australia.gordonbrothers.com/-/media/images/insights/case-study/double-width_thumbnails/cqq_double_thumb.ashx?as=1\u0026amp;mh=566\u0026amp;mw=566\u0026amp;hash=251227FBA63DC1113C9CBD420A7DC3E6B024BF0F\" alt=\"photo of Gordon Brothers Acquires Quarrying Assets Portfolio from Central Queensland Quarries\" /\u003e\r\n \u003c/div\u003e\r\n \u003cdiv class=\"overlay\"\u003e\r\n \u003cdiv class=\"description\"\u003e\r\n \u003cp\u003eGordon Brothers, the 114-year-old global advisory, restructuring, and investment firm, announced today that the company has acquired the majority of Central Queensland Quarries’ (“CQQ”) plant and equipment as part of a liquidation managed by FTI Consulting. \u0026#160;Gordon Brothers has also entered into a rental agreement to lease a portion of the purchased equipment to Extract Quarries Pty Limited, which will now operate three of the quarrying sites previously run by CQQ.\u0026#160;\n\n“Based on our assessment of the business, its staff and the assets we’re confident in the new company’s prospects for future growth,” said Tim Stewart, Managing Director, Australia, “We are pleased our investment can ensure some continuity in quarrying activities at these sites following the challenges faced by CQQ.”\u0026#160;\n\nIn partnership with Slattery Asset Advisory, Gordon Brothers will dispose of the balance of assets acquired through an orderly sale process managed and coordinated by Slattery. The auction date is set for June 16.\u0026#160;\n\n“The risk appetite and restructuring adopted by Gordon Brothers led the team to identify an optimal solution,” said Tim Slattery, Director of Slattery Asset Advisory. “We’re pleased to have found such a reliable and agile partner in Gordon Brothers, and we look forward to continuing to collaborate with Tim and his team.”\n\nThis announcement follows Gordon Brothers’ expansion into Australia last month and represents momentum for the company across Australian and Asian markets.\u003c/p\u003e\r\n \u003c/div\u003e\r\n \u003cnav class=\"nav related\"\u003e\r\n \u003cul class=\"nav-horizontal\"\u003e\r\n\r\n \u003c/ul\u003e\r\n \u003c/nav\u003e\r\n \u003c/div\u003e\r\n \u003c/div\u003e\r\n \u003ch3\u003eGordon Brothers Acquires Quarrying Assets Portfolio from Central Queensland Quarries\u003c/h3\u003e\r\n\r\n \u003c/div\u003e\r\n \u003c/div\u003e\r\n \u003c/article\u003e\r\n \u003carticle class=\"related-item project\"\u003e\r\n \u003cdiv class=\"related-inner\"\u003e\r\n\r\n \u003c!-- inline style on the div, this is the full-color logo --\u003e\r\n \u003cdiv class=\"overlay-trigger\"\u003e\r\n \u003cdiv class=\"img-border\"\u003e\r\n \u003c!-- note that this is the grayscale logo --\u003e\r\n \u003cdiv\u003e\r\n \u003cimg alt=\"photo of Gordon Brothers Expands Australian Operations\" /\u003e\r\n \u003c/div\u003e\r\n \u003cdiv class=\"overlay\"\u003e\r\n \u003cdiv class=\"description\"\u003e\r\n \u003cp\u003eGordon Brothers, the global advisory, restructuring and investment firm, announced two appointments to its Australia team today. Matthew Aubrey and Fenton Healy join the firm as managing directors and will focus on expanding the group’s liquidity and asset-based solutions for clients across the region.\u0026#160;\n“We are thrilled to welcome Matt and Fenton to the group,” said Tim Stewart, head of Australia for Gordon Brothers. “Their shared experience in asset valuation and remarketing will form a strong base for the product offerings, services and principal investments in which we specialise.”\nAubrey brings 17 years of experience across commercial, industrial and retail sectors. Prior to joining Gordon Brothers, Aubrey was the owner and director of Plant \u0026amp; Equipment Solutions, which specialised in asset management and disposition solutions and was acquired by GraysOnline in 2012.\n“Gordon Brothers holds a unique position in the Australian marketplace and has been growing rapidly. I’m excited to be part of this next phase of expansion,” stated Aubrey.\nHealy also joins from GraysOnline, where he held numerous sales, senior management, directorial and leadership roles and was one of the original major shareholders. He has over 20 years of experience in asset valuation and liquidation.\n“There’s tremendous opportunity to further develop financial and liquidity solutions for the Australian market. I’m excited to build upon the existing Gordon Brothers platform to provide the liquidity firms need,” added Healy.\nGordon Brothers launched its Australian operations in the spring of 2017. The firm focuses on providing investment, interim operations and disposition solutions to companies and their advisors at all points in the business cycle and throughout the supply chain. Gordon Brothers operates out of 25 offices across five continents, including North America, South America, Europe, Asia and Australia.\u003c/p\u003e\r\n \u003c/div\u003e\r\n \u003cnav class=\"nav related\"\u003e\r\n \u003cul class=\"nav-horizontal\"\u003e\r\n\r\n \u003c/ul\u003e\r\n \u003c/nav\u003e\r\n \u003c/div\u003e\r\n \u003c/div\u003e\r\n \u003ch3\u003eGordon Brothers Expands Australian Operations\u003c/h3\u003e\r\n\r\n \u003c/div\u003e\r\n \u003c/div\u003e\r\n \u003c/article\u003e\r\n \u003carticle class=\"related-item project\"\u003e\r\n \u003cdiv class=\"related-inner\"\u003e\r\n\r\n \u003c!-- inline style on the div, this is the full-color logo --\u003e\r\n \u003cdiv class=\"overlay-trigger\"\u003e\r\n \u003cdiv class=\"img-border\"\u003e\r\n \u003c!-- note that this is the grayscale logo --\u003e\r\n \u003cdiv\u003e\r\n \u003cimg src=\"https://australia.gordonbrothers.com/-/media/images/people/thumbnail-headshots/bcarroll-eur-thumb.ashx?as=1\u0026amp;mh=266\u0026amp;mw=266\u0026amp;hash=9DDEEC5DD1B6DCC5601C41ED21A0E41E2508EFCA\" alt=\"photo of Bryn Carroll\" /\u003e\r\n \u003c/div\u003e\r\n \u003cdiv class=\"overlay\"\u003e\r\n \u003cdiv class=\"description\"\u003e\r\n \u003cp\u003e\u003c/p\u003e\r\n \u003c/div\u003e\r\n \u003cnav class=\"nav related\"\u003e\r\n \u003cul class=\"nav-horizontal\"\u003e\r\n\r\n \u003c/ul\u003e\r\n \u003c/nav\u003e\r\n \u003c/div\u003e\r\n \u003c/div\u003e\r\n \u003ch3\u003eBryn Carroll\u003c/h3\u003e\r\n\r\n \u003c/div\u003e\r\n \u003c/div\u003e\r\n \u003c/article\u003e\r\n \u003carticle class=\"related-item project\"\u003e\r\n \u003cdiv class=\"related-inner\"\u003e\r\n\r\n \u003c!-- inline style on the div, this is the full-color logo --\u003e\r\n \u003cdiv class=\"overlay-trigger\"\u003e\r\n \u003cdiv class=\"img-border\"\u003e\r\n \u003c!-- note that this is the grayscale logo --\u003e\r\n \u003cdiv\u003e\r\n \u003cimg src=\"https://australia.gordonbrothers.com/-/media/images/people/thumbnail-headshots/rklotz_no-tie-60_thumbnail-.ashx?as=1\u0026amp;mh=266\u0026amp;mw=266\u0026amp;hash=4A2A9EBD075DF933B022BA36D58EAE58340DF1C1\" alt=\"photo of Rafael Klotz\" /\u003e\r\n \u003c/div\u003e\r\n \u003cdiv class=\"overlay\"\u003e\r\n \u003cdiv class=\"description\"\u003e\r\n \u003cp\u003e\u003c/p\u003e\r\n \u003c/div\u003e\r\n \u003cnav class=\"nav related\"\u003e\r\n \u003cul class=\"nav-horizontal\"\u003e\r\n\r\n \u003c/ul\u003e\r\n \u003c/nav\u003e\r\n \u003c/div\u003e\r\n \u003c/div\u003e\r\n \u003ch3\u003eRafael Klotz\u003c/h3\u003e\r\n\r\n \u003c/div\u003e\r\n \u003c/div\u003e\r\n \u003c/article\u003e\r\n \u003carticle class=\"related-item project\"\u003e\r\n \u003cdiv class=\"related-inner\"\u003e\r\n\r\n \u003c!-- inline style on the div, this is the full-color logo --\u003e\r\n \u003cdiv class=\"overlay-trigger\"\u003e\r\n \u003cdiv class=\"img-border\"\u003e\r\n \u003c!-- note that this is the grayscale logo --\u003e\r\n \u003cdiv\u003e\r\n \u003cimg alt=\"photo of Intellectual Property\" /\u003e\r\n \u003c/div\u003e\r\n \u003cdiv class=\"overlay\"\u003e\r\n \u003cdiv class=\"description\"\u003e\r\n \u003cp\u003e\u003c/p\u003e\r\n \u003c/div\u003e\r\n \u003cnav class=\"nav related\"\u003e\r\n \u003cul class=\"nav-horizontal\"\u003e\r\n\r\n \u003c/ul\u003e\r\n \u003c/nav\u003e\r\n \u003c/div\u003e\r\n \u003c/div\u003e\r\n \u003ch3\u003eIntellectual Property\u003c/h3\u003e\r\n\r\n \u003c/div\u003e\r\n \u003c/div\u003e\r\n \u003c/article\u003e\r\n \u003carticle class=\"related-item project\"\u003e\r\n \u003cdiv class=\"related-inner\"\u003e\r\n\r\n \u003c!-- inline style on the div, this is the full-color logo --\u003e\r\n \u003cdiv class=\"overlay-trigger\"\u003e\r\n \u003cdiv class=\"img-border\"\u003e\r\n \u003c!-- note that this is the grayscale logo --\u003e\r\n \u003cdiv\u003e\r\n \u003cimg src=\"https://australia.gordonbrothers.com/-/media/images/people/thumbnail-headshots/btarnutzer_linderpix-gbg-nashville-1305-0829-61_thumbnail-.ashx?as=1\u0026amp;mh=266\u0026amp;mw=266\u0026amp;hash=355ED0ED0A2762A6DAFC68036BC131DFF41F0193\" alt=\"photo of Brad Tarnutzer\" /\u003e\r\n \u003c/div\u003e\r\n \u003cdiv class=\"overlay\"\u003e\r\n \u003cdiv class=\"description\"\u003e\r\n \u003cp\u003e\u003c/p\u003e\r\n \u003c/div\u003e\r\n \u003cnav class=\"nav related\"\u003e\r\n \u003cul class=\"nav-horizontal\"\u003e\r\n\r\n \u003c/ul\u003e\r\n \u003c/nav\u003e\r\n \u003c/div\u003e\r\n \u003c/div\u003e\r\n \u003ch3\u003eBrad Tarnutzer\u003c/h3\u003e\r\n\r\n \u003c/div\u003e\r\n \u003c/div\u003e\r\n \u003c/article\u003e\r\n \u003carticle class=\"related-item project\"\u003e\r\n \u003cdiv class=\"related-inner\"\u003e\r\n\r\n \u003c!-- inline style on the div, this is the full-color logo --\u003e\r\n \u003cdiv class=\"overlay-trigger\"\u003e\r\n \u003cdiv class=\"img-border\"\u003e\r\n \u003c!-- note that this is the grayscale logo --\u003e\r\n \u003cdiv\u003e\r\n \u003cimg src=\"https://australia.gordonbrothers.com/-/media/images/people/thumbnail-headshots/gmrkonic_linderpix-gbgfc-etc-51544_web-thumb.ashx?as=1\u0026amp;mh=266\u0026amp;mw=266\u0026amp;hash=491D8E945C56FFD5E39A902E5FFCC0819697388E\" alt=\"photo of George Mrkonic\" /\u003e\r\n \u003c/div\u003e\r\n \u003cdiv class=\"overlay\"\u003e\r\n \u003cdiv class=\"description\"\u003e\r\n \u003cp\u003e\u003c/p\u003e\r\n \u003c/div\u003e\r\n \u003cnav class=\"nav related\"\u003e\r\n \u003cul class=\"nav-horizontal\"\u003e\r\n\r\n \u003c/ul\u003e\r\n \u003c/nav\u003e\r\n \u003c/div\u003e\r\n \u003c/div\u003e\r\n \u003ch3\u003eGeorge Mrkonic\u003c/h3\u003e\r\n\r\n \u003c/div\u003e\r\n \u003c/div\u003e\r\n \u003c/article\u003e\r\n \u003ca href=\"/hawksearch/loadmore/ProjectsResultItems\" class=\"load-more\" data-target=\"hawksearch\"\u003eLoad more\u003c/a\u003e\r\n\r\n\r\n\u003c/section\u003e\u003c/div\u003e\r\n \r\n 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