This episode of the Daily Financial Services News Wrap discusses key updates in the Australian construction and transport industries. It reveals that due to increased competition between insurers, construction trade professionals are experiencing reduced insurance premium rates. However, the construction sector still battles with rising costs, up 30% since the COVID-19 outbreak, influenced by increased material prices and labor shortages. The second part covers the Australian transport sector, highlighting that the major service provider, Transtar Linehaul, has entered administration due to industry struggles, such as increasing fuel costs and regulatory changes. These challenges provide the opportunity for smaller firms to upgrade their fleet cost-effectively through auctions. The programme emphasizes the importance of resilience and risk management in these uncertain times.n

Ver todos los episodios