Multiple identities and a contested €2m wage subsidy claim: The curious insolvency of a Dublin transport company
The Currency has identified over 30 companies or business names connected with the directors of B Logistics over the past 20 years. They have one thing in common: All have failed.
27th May, 2022 - 10 min read
Dublin Port is raising prices again, defending itself from developers’ diggers and at risk from sea level rises
In a major interview, Eamonn O’Reilly, outgoing chief executive of Dublin Port Authority, discusses the extreme challenges facing the shipping industry and how he is funding the €1.6 billion masterplan to expand the port.
14th Apr, 2022 - 10 min read
Buses in the cloud: How a pair of Longford schoolfriends grew to modernise New York’s public transport
Six years on from founding CitySwift, Brian O’Rourke and Alan Farrelly explain how they developed AI to optimise bus fleets, sold it to the UK’s major operators and are now going international – having raised funds from A-list investors including Ryanair’s founding family along the way.
31st Jan, 2022 - 8 min read
Covid-19 toll: A €100m cost to the state and a central motorway link on the brink of default
Analysis of official traffic data and results from private toll road operators paint a grim financial picture. Another private operator is in serious financial trouble, while the taxpayer is shouldering most of the sector’s continuing pandemic burden.
24th Nov, 2021 - 5 min read
A green budget idea: Overhaul travel expenses for a quadruple win at zero cost
Of the many transport situations where driving a car makes little sense, business trips are the most obvious. The tax treatment of expenses claims offers one of the many avenues needed to tackle the disproportionate cost of the drive-everywhere mindset.
12th Oct, 2021 - 4 min read
Toll road companies continue to report Covid-19 revenue hits. State contracts continue to protect their bottom lines
DirectRoute lost €8.4m in toll revenue from Cork and Limerick motorways last year as travel restrictions hit traffic. Taxpayers have covered more than half of it for the benefit of its overseas investors.
29th Sep, 2021 - 2 min read
The Queallys and motorway companies made millions last year. Too much of it came from taxpayers
From wage subsidy schemes to public-private partnerships, recently filed accounts show that some companies have benefited handsomely from state handouts triggered by the pandemic – whether they needed them or not.
29th Jul, 2021 - 6 min read
Rough seas: How hiked shipping prices are challenging Irish exporters
From butter to forklifts, companies shipping Irish-made products around the world have faced a six-fold increase in the cost of container freight and multiple transport delays since the start of the pandemic. The crisis shows no sign of immediate resolution and their margins are taking the hit.
Devin Seán Martin
12th Jul, 2021 - 11 min read
A beautiful burden: Why a global PE giant and a US investment bank have taken ownership of an Irish toll road
The N25 motorway toll features a spectacular toll bridge over the River Suir in Waterford. Loss-making and underperforming from the start, it is now being acquired by two of its secured lenders. So, just what happened?