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The latest announcement is out from Transurban Group Ltd. ( (AU:TCL) ).
Transurban Group Ltd. reported a 1.8% increase in Average Daily Traffic (ADT) for the March quarter of 2025, averaging 2.5 million trips per day across its portfolio. This growth was driven by strong performances in Sydney and Melbourne, with Sydney seeing a 2.4% increase in ADT due to projects like WestConnex and NorthConnex, and Melbourne benefiting from increased discretionary travel and reduced construction impacts. However, Brisbane experienced a 0.4% decline due to Ex-Tropical Cyclone Alfred, although underlying growth was evident when excluding the cyclone’s impact. In North America, traffic grew by 3.8%, supported by the performance of the 495 and 95 Express Lanes, despite adverse weather conditions. These results highlight Transurban’s resilience and adaptability in managing its diverse portfolio amidst varying regional challenges.
More about Transurban Group Ltd.
Transurban Group Ltd. is a prominent player in the transportation infrastructure industry, primarily focusing on the development and management of toll roads. The company operates in key markets such as Australia and North America, providing efficient and reliable road networks that facilitate urban mobility and economic growth.
YTD Price Performance: 6.24%
Average Trading Volume: 3,031
Technical Sentiment Signal: Strong Sell
Current Market Cap: $27.41B
For an in-depth examination of TCL stock, go to TipRanks’ Stock Analysis page.