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Re: GM1 - it's baaa-ack?
- To: "Aus loco discussion mailing list" <Ausloco@listbot.com>
- Subject: Re: GM1 - it's baaa-ack?
- From: Scott Martin <semartin@idx.com.au>
- Date: Fri, 29 Oct 99 19:21:34 +1000
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Aus loco discussion mailing list
Re: the takeover of Toll traffic by NR you mentioned in the string. It
appears someone has the wrong end of the stick:
Firstly, the recent Toll Holdings annual report (issued Sep. 99)
indicates that Toll is eyeing NR with intent should it be privatised (it
slots nicely into their integrated logistics business).
Secondly, how can a GBE (Gov't business enterprise) that is severely
undercapitalised working in only one mode of transport take over the rail
operations of a company in which rail contributes over 20% of their nett
earnings.
Hope this sets the record straight
Scott
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