MELBOURNE'S train driver shortage, supposedly resolved by the State Government this year, is still restricting the city's transport network and threatening to disrupt Commonwealth Games transport plans.
Toll managing director Paul Little has withdrawn a threat to drop his hostile takeover bid for Patrick Corp if the target company continues an "irrational" defence campaign that could erode the value of its assets.
The Victorian Opposition says the state's country rail services could be shut down during the Commonwealth Games because of a shortage of train drivers.
SHOULD anyone from Citigroup ever get around to calling Don Braid, he will be happy to have a chat. Braid is managing director of Mainfreight New Zealand and, according to the schedule for next week's second annual Citigroup tour of Toll New Zealand, he is due to meet a swag of Aussie analysts on Friday at about 2pm. Only trouble is, no one has told Mainfreight that the Australians are coming. And, anyway, Braid is going to be in Australia for the whole of next week. Which is a shame really, because Braid, a major customer and regular sparring partner of Toll, has something to tell anyone who is prepared to listen.
The Australian Rail Transport Corporation (ARTC) predicts a $560 million upgrade to rail lines between Sydney and Melbourne will reduce truck journeys by 300,000 between the two cities each year.
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