Re: FreightCorp sale is official.

[Bruce Greening <bgreeni@attglobal.net>]

Railway Rasputin3 wrote:

> Paul Jones <jonesclan@free.net.au> wrote in message
> T74u5.11842$cr3.334365@ozemail.com.au">news:T74u5.11842$cr3.334365@ozemail.com.au...
> > If freight corp only made a profit of $45 million, there is something
> > terribly wrong with it.... Gee, how did I figure that out......
> >
> > --
> > ----------
> > Paul Jones
> Yes!  all those coal trains that runs every 15 minutes everyday worth only
> 45m$?  i doubt about it.....
>
> Government owned enterprice unfortunately cost heaps more to operates, the
> expense usually are very high especially the labour cost, and they are not
> able to be as competitive as private business nor felixble to the customers.
> IIRC QR made 145m$ last year, but QR really should have earn a lot more then
> that if you take into consideration of all those long coal trains running
> around in Central Queensland.
>
> Cheers
> James

The new competition rules, and the posibility of loosing contracts mean that
coal haulage is not the cash cow it once was.

--
Bruce L. Greening
bgreeni@ibm.net