Profit down for rail freight operator Aurizon, buyback announced

 
Topic moved from News by bevans on 12 Aug 2019 16:17
  bevans Site Admin

Location: Melbourne, Australia
13% is a material amount of profit reduction which Aurizon blames on reduced track access charges revenue.  Aurizon Directors should have known about the pending charge reduction to allow for competition in the same market.  It has choosen as a company to rely more on coal and mineral traffic as it left the intermodal and other markets for freight.

have not read the annual report as yet but I suspect their marketshare has also dropped?

James have you had a moment to review?

Profit down for rail freight operator Aurizon, buyback announced

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  simstrain Chief Commissioner

13% is a material amount of profit reduction which Aurizon blames on reduced track access charges revenue.  Aurizon Directors should have known about the pending charge reduction to allow for competition in the same market.  It has choosen as a company to rely more on coal and mineral traffic as it left the intermodal and other markets for freight.

have not read the annual report as yet but I suspect their marketshare has also dropped?

James have you had a moment to review?

Profit down for rail freight operator Aurizon, buyback announced
bevans

It is what happens when you have a cost cutter in charge instead of someone who might find ways to make money.

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