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

  • Cartage Australia – 100 per cent PBS

    Cartage Australia – 100 per cent PBS

    Relying almost entirely on PBS-approved high productivity equipment, Cartage Australia’s leadership team has created one of the most innovative bulk haulage businesses in the world. But the journey doesn’t end here.

    Read Story

  • advertisement
  • Join CRT news on Linkedin!
  • 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+