Transurban Group Ltd. (AU:TCL) has released an update.
Transurban Group’s March quarter 2024 update shows an overall increase in Average Daily Traffic (ADT), with a 0.9% rise despite construction and weather challenges affecting specific areas. Sydney and Melbourne saw increases in traffic due to higher workday travel and airport movements, while Brisbane experienced a slight decrease due to heavy rainfall. North America reported a strong performance with a 4.9% growth in traffic, attributed to longer average trip distances and congestion in general-purpose lanes.
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