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Logistics group Linfox expects to make "a real go" of Aurizon's unprofitable Queensland intermodal operations and will use it to transport consumable goods into far north Queensland, executive chairman Peter Fox says.
Mr Fox said he was confident he could turn around the loss-making Aurizon business, which the logistics group bought for $7.3 million after a previous deal to sell it to the trucking group and rival Pacific National was blocked by the competition watchdog.
"The reason we are happy to own it is that we think we can make a real go of it," Mr Fox told The Australian Financial Review. "It's been a business that hasn't had a lot of money invested in it in the last couple of decades."
Linfox chairman Peter Fox says the company is targeting Asia for long-term growth. Eamon Gallagher
Mr Fox, who did not specify a target date for moving the intermodal business back into profit, said he believed more freight could be shifted onto rail from trucks by providing better quality service.
"It hasn't been a reliable service, it hasn't been cost-effective for people, it hasn't been timely – so people have had a tendency to use a truck going door-to-door rather than taking it to Acacia Ridge and putting it on the train."
This article first appeared on www.afr.com
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