Qantas to get rid of road freight business

Sale will wait till market picks up

Alan Joyce Australia Post core business logistics trucking Qantas road freight business Star Track Express

Australian airline Qantas has made plans to dispose its 50 per cent stake in Star Track Express, its road freight business. However, the sale will wait till the market improves. Star Track is a 50:50 joint venture Qantas has with Australia Post.

The airline has been toying with the move to divest its non-core and less valuable assets.Qantas chief executive Alan Joyce was quoted saying that the airline did not see that logistics trucking business as a core business “and when the timing is right … we will sell the [Star Track] business”.