Linfox has entered into a consortium with Pacific National to purchase the containerised freight haulage and end-to-end freight forwarding capability on Queensland’s northern freight line. The two companies are purchasing separate parts of the Aurizon rail assets.
Forming a consortium with Pacific National is the first step towards purchasing these strategically significant assets that are currently owned by Aurizon Queensland Intermodal.
This acquisition will enable Linfox to improve the scale and scope of the freight forwarding services it offers to national and large Australian freight forwarding customers, including those delivering freight to Northern Queensland.
If the Pacific National transaction is cleared by the ACCC, Linfox will acquire and use the rail haulage capacity supplied by Pacific National to supply intra-state and interstate freight forwarding services to customers in Queensland and Northern Queensland.
The acquisition will also include pick-up and delivery and warehousing services, but exclude standard gauge haulage to and from Acacia Ridge and hook-and-pull contracts for train services.
Pacific National has signed a binding agreement to buy the Aurizon Queensland Intermodal business as part of a consortium with Linfox.
This transaction includes the transfer of approximately 350 Aurizon employees, as well as assets, commercial and operational arrangements to the Linfox and Pacific National consortium.
The parties are aiming to finalise these transaction by the end of FY2018, both transactions are subject to:
- Approval by the Australian Competition & Consumer Commission
- Approval by the Foreign Investment & Review Board
Separately from Linfox, Pacific National has also signed a binding agreement with Aurizon to purchase the Acacia Ridge Intermodal Terminal in Brisbane.
This transaction includes the transfer of 30 Aurizon employees, as well as assets, commercial and operational arrangements.
The Acacia Ridge Terminal will supplement Pacific National’s national network of terminals and provides security for Pacific National’s interstate operations out of the terminal for the long term.