Queensland Rail Scraps Plan for Separate Coal Unit, Review Says
By Robert Fenner
July 2 (Bloomberg) -- Queensland Rail, Australia's biggest rail transporter of coal, scrapped plan to create a separate coal freight unit, the Australian Financial Review reported.
The decision may mean the Queensland government has shelved plans to sell the state-owned rail business, the Review said, citing an internal memo from Queensland Rail Chief Executive Officer Lance Hockridge.
The plan for separate passenger and freight units was opposed by unions who didn't want to negotiate with separate businesses under Queensland Rail's corporate structure, the newspaper said.
Queensland Rail is facing increased competition from Asciano Ltd., which yesterday acquired property in the central New South Wales town of Parkes for a new freight terminal, the Review said.
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