Copy Tracking Code

Prime Mover Magazine

‘Someone’s got to pay’: Toll Group CEO on road charges

Michael Byrne, CEO of logistics company Toll Group, supports the establishment and rise of tolls in Australia’s main cities, as long as operators do not rake in “outrageous” returns, he told The Australian Financial Review (AFR).

When asked whether Toll would consider a similar strategy to that suggested by logistics magnate, Lindsay Fox, to have trucks diverted through residential streets in protest over rising toll charges for major routes such as CityLink, Byrne noted that the company’s 16,000 vehicles would not be operating on local roads.

“Someone's got to pay,” he said. “You can't say you want this infrastructure to be more efficient and then not pay for it.”

He added that transparency of toll fee revenue and calculations would be key.

“We want to see people have a return on the capital invested in public companies that run toll roads, but we don't want it to be an outrageous return,” he said.

“That's up to government to regulate.”

Featured Article

  • Nature of the beast

    Nature of the beast

    The country’s logistics landscape could be on the brink of a major shake up after e-commerce giant, Amazon, confirmed plans to launch in Australia in late 2018.

    Read Story

  • advertisement
  • Click here to join the CRT network today
  • Keep up to date on the latest news and developments in the commercial road transport industry. Sign up to CRT News today to receive a FREE weekly E-newsletter delivered straight to your inbox.

  • advertisement

© Copyright 2018 Prime Creative Media. All rights reserved.

Find us on Google+