An eleventh-hour deal between GrainCorp and Asciano’s Pacific National (PN) has “rescued” a major share of grain exports in New South Wales and Victoria for the next five years after the two companies agreed a take-or-pay deal that guarantees eight dedicated train sets for grain haulage.
Asciano has been reviewing PN’s involvement in the business for many months after determining that it was losing an average of A$3M a month on grain and intrastate intermodal operations, due principally to the impact of drought on volumes....
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This complete item is approximately 350 words in length, and appeared in the May 2008 issue of WorldCargo News, on page 28.
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