Business
Why the Transurban (ASX:TCL) share price is in focus
The Transurban Group (ASX: TCL) share price is one to watch in early trade after a quarterly update from the Aussie toll road operator.
Why is the Transurban share price on watch?
Transurban’s March 2021 quarter was headlined by average daily traffic (ADT) increasing 1.1% in 2020 while falling 3.8% compared to 2019 numbers.
Notably, traffic in Sydney recovered to pre-COVID-19 levels as restrictions were broadly lifted for the duration of the quarter. Sydney ADT increased by 21.8% to 936,000 trips with average workday traffic up 20.1%. Average weekend/public holiday traffic increased by 28.1% for the quarter. Both car and large vehicle traffic increased overall traffic numbers across Sydney’s major roads.
Brisbane was another…
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