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Linfox buys Aurizon unit

Wednesday, 17 Oct 2018 ( #894 ) - Sydney, NSW, Australia
Local News Story
Peter Fox
Linfox has reached an agreement with Aurizon Holdings Limited to purchase the company’s Queensland Intermodal business (QIB).

The agreement is subject to the lifting of an interlocutory injunction on Aurizon, which will significantly increase the size of Linfox’s intermodal rail capability and includes:
·         Linfox having access to all necessary QIB freight depots in Queensland, including access to the Acacia Ridge terminal;
·         Trucks, trailers and rail wagons for intermodal containers and heavy lift assets;
·         Transfer of existing customer contracts to Linfox; and
·         Transfer of approximately 190 existing Aurizon employees into the Linfox team.

Under a separate 10-year commercial contract, Aurizon’s bulk business will also provide rail linehaul services and some terminal services to Linfox using Aurizon locomotives.

"Linfox is proud to be making another strategic investment in Australia," says executive chairman Peter Fox. "This significant acquisition will strengthen the Linfox network and increase competition in the Queensland logistics market.  It will also bring certainty to Aurizon staff, regional communities and customers that would have been impacted if the Aurizon QIB business had closed."

The transaction will increase the scale and scope of Linfox’s services throughout Queensland and provide greater Queensland-based pick-up, delivery and warehousing capability. It will also significantly enhance the broader Australia-wide Linfox intermodal network and strategically position it for the future growth of inland rail.
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