Transurban (ASX:TCL) share price slides as truckies push back on tolls

It's all uphill for the toll road company's share price today…

| More on:
falling asx share price represented by cars driving along a broken arrow heading down

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The Transurban Group (ASX: TCL) share price is in the red on Wednesday, trading down 1.81% at the time of writing to $13.60 a share.

It seems shares in the toll company are facing multiple headwinds in today's trading session.

Let's take a look at why the Transurban share price is struggling.  

What's weighing down the Transurban share price?

Shares in Transurban are facing several challenges today.

Weakness in the broader market has painted the exchange red with the S&P/ASX200 Index (ASX: XJO) currently 1.52% lower for the day.

In addition to weakness in the overall market, shares in Transurban are also pricing in a more direct challenge.

The company's infrastructure services have been on the receiving end of a targeted campaign from transport workers.

According to a recent article in the Australian Financial Review, one of Australia's largest trucking companies, Toll Group, has urged drivers to avoid using toll roads.

The Transport Workers Union (TWU) has also weighed in, advocating that trucking operators could not afford to keep paying rising toll fares.

In particular, the article highlighted new toll roads like Sydney's WestConnex where trucks typically pay three times the fares of cars.

As part of the action, the TWU has urged a review of current tolling regimes and more transparency on how toll fares are set.

More on Transurban

Shares in Transurban recently made headlines after the company launched a capital raising.

The infrastructure giant is looking to raise $4.2 billion to support its acquisition of the remaining 49% stake in the WestConnex from the NSW Government for $11.1 billion.

Transurban noted that WestConnex has close to 40 years concession life remaining.

As a result, additional highway extensions are expected to generate significant free cash and support distributions.

With the increased holding in WestConnex, Transurban's management expects to receive more than $600 million of potential capital releases until FY25.

The acquisition has resulted in mixed assessments from analysts and brokers.

Most recently, leading broker Citi issued a neutral rating on Transurban with a share price target of $13.78.

Analysts expect the company's acquisition of WestConnex could be dilutive in the near term.

Snapshot of the Transurban share price

The Transurban share price has been all over the place this year.

As a result, shares in the infrastructure giant are relatively flat since the start of the year.

At the time of writing, the Transurban share price is trading around 2% lower for the day.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the 'five best ASX stocks' for investors to buy right now. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now...

See The 5 Stocks *Returns as of 30 April 2025

Motley Fool contributor Nikhil Gangaram has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Transport Shares

Woman sits at her desk working at night, while traffic flows on a busy freeway out the window behind her.
Broker Notes

Transurban shares: Buy, hold, sell? Here's Macquarie's recommendation

Macquarie’s analysts just ran their slide rules over Transurban shares. Here’s what they found.

Read more »

Woman sits at her desk working at night, while traffic flows on a busy freeway out the window behind her.
Transport Shares

Transurban share price lifts off on major job and cost-cutting news

Transurban shares are getting a boost as investors eye $50 million a year in savings.

Read more »

Man pointing at a blue rising share price graph.
Share Gainers

Guess which ASX 300 stock just rocketed 17%!

Investors are sending the ASX 300 stock soaring higher on Wednesday. But why?

Read more »

A businesswoman holding a briefcase rests her head against the glass wall of a city building, she's not having a good day.
Earnings Results

Why is this high-yielding ASX 200 transport stock falling on Thursday?

Investors are bidding down this high-yielding ASX 200 transport stock today. But why?

Read more »

A person leans over to whisper a secret to a colleague during a meeting.
Transport Shares

'Earnings upside likely': The hot ASX stock that no one's talking about

You never see this ASX share mentioned in the media, but it's quietly earning the praise of professional investors.

Read more »

Young boy in business suit punches the air as he finishes ahead of another boy in a box car race.
Opinions

Is it time to be a bull or bear on Transurban shares?

Should you buy shares in the toll operator? Our Foolish writers are at a fork in the road.

Read more »

A woman sits crossed legged on seats at an airport holding her ticket and smiling.
Industrials Shares

Is Qantas stock a cheap ASX 200 buy right now?

Is the airline an opportunity that's about to soar higher?

Read more »

A smiling woman with a cute dog flings her arm out of the window of a car
Transport Shares

Vroom vroom: Fund names 2 ASX shares it loves right now

Cars and motorbikes were all the rage during the pandemic when Australians shied away from public transport. Can these auto…

Read more »