Aurizon is cutting costs and lengthening contract terms as it prepares for competition from US railways giant Genesee & Wyoming in Queensland, and weaker coal haulage volumes.
"There are a number of market rumours ... that would suggest that G&W are coming into the Queensland market," Aurizon chief executive Andrew Harding told The Australian Financial Review.
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Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Twitter. Email Jenny at jwiggins@afr.com
