Why would they sell I don't understand at all since the company is in the freight business and selling intermodal would mean no interstate box forwarding. Makes no sense to me. Aren't they are rail company?They are business, to maximise their return to their shareholders. That is why you see these businesses for better and for worse they evolve.
The simple money is in rocks. The margins must be slim in that, but the turnover is huge with the long term contracts involved for the capital outlay.
I imagine intermodal is very competitive not just with other rail providers but with road too.
Other businesses do see the gap and have a strategy to be in the intermodal market (eg SCT). However we have seen them too enter the rock market as it is attractive for their assets.
I am a canetoad and yes I think it is sad that the privatised QR body is leaving their roots. I do feel for the employees impacted.
Apart from selling intermodal they are abandoning more freight in Qld. They have announced the closure of Mackay freight and sacking drivers and shunters. They are doing this at other locations as well. Obviously their board are sticking to black rock haulage and foregoing the other commodities. Sad day. While PNQ will pick up some of the gap I can see more of this going to road. I can't see how another player like Qube taking on the likes of sugar and Qld boxes.