Aurizon Holdings Ltd shares steady as the Industrials sector lower on Friday
Here is the latest company close update for Aurizon Holdings Ltd, AZJ.
Here is the latest company close update for Aurizon Holdings Ltd, AZJ.
Andrew Harding says rail infrastructure is critical to keep the economy moving when disaster hits. That’s why we need to put it back on the priority list.
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Rail operator Aurizon has suspended some services to GFG Alliance’s Whyalla operations, just days after GFG head Sanjeev Gupta reiterated his commitment to returning to profitability.
Aurizon boss Andrew Harding has staked his leadership of the company on reducing the rail hauler’s reliance on thermal coal business, but analysts say the jury is still out.
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The pallets and logistics group has upgraded its full-year guidance as it sees further signs of deflation in the supply chain and after 8 million pallets returned to the network.
Aurizon’s bid to diversify through hauling retail goods across the country is off to a slow start, but its core coal business helped the company to a substantial boost in first-half earnings.
Aurizon’s half-year results, to be delivered on Monday, will be a big test of whether its $2.39bn acquisition of One Rail Australia in 2021 has delivered.
The chief executives of three major logistics companies want money pumped into underinvested infrastructure and a renewed focus by government on improving the nation’s productivity.
A major coal rail line in NSW will remain out of action until a review of the site is completed following a derailment, with an update expected in a ‘couple of days’.
Rail giant Aurizon plans to invest up to $300m in heavy haul locomotives, container wagons and harbour cranes as part of its expansion of a northern freight link through Darwin.
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Rail giant Aurizon is banking on new ways to carry cargo including investments in a freight ‘land bridge’ from the Port of Darwin to offset reliance on coal haulage.
The Port of Darwin in Australia’s Top End will become a major shipping import destination if Aurizon gets its way.
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Grain handler Viterra and rail operator Aurizon are lobbying government for funding to support a $220m revival of the Eyre Peninsula rail line.
Aurizon has taken a big step forward in its plans to reduce its rail business in coal, signing a $1.8bn haulage contract with logistics group Team Global Express.
Aurizon boss Andrew Harding says proposed changes to the safeguard mechanism could lead to the ‘ridiculous and perverse’ outcome of driving up transport sector carbon emissions.
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Original URL: https://www.theaustralian.com.au/topics/aurizon