Transurban Group September quarter traffic overview

Transurban Group (ASX:TCL) has released its September quarter 2024 traffic update, highlighting a 1.1% increase in Average Daily Traffic (ADT) across its network. The network averaged 2.5 million trips per day. Growth was noted in all markets except Melbourne, with Sydney and North America experiencing notable increases.

Transurban Group traffic performance and outlook

Transurban Group's September quarter 2024 traffic update shows a 1.1% increase in Average Daily Traffic, led by growth in Sydney and North America. Sydney's traffic rose by 1.9%, influenced by workday trips and heavy vehicle movement, while North America saw a 6.5% rise, driven by economic activity and infrastructure improvements. Melbourne experienced a 1% decrease due to construction impacts. The company reaffirms its FY25 distribution guidance of 65 cents per security and remains focused on efficiency, optimization, and enhancing customer value. Ongoing construction projects promise long-term travel improvements.

Executive insights on traffic performance

Sydney's traffic growth has been driven by workday-related trips and heavy vehicle traffic, particularly along the WestConnex corridor. The ongoing construction projects in Sydney, such as the Warringah Freeway and M7-M12 Integration, are impacting traffic but will ultimately improve travel times. In North America, the significant rise in traffic, especially on the 95 Express Lanes, reflects improved economic activity and infrastructure extensions.