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Re: QR going national?
In article <37E06485.2BC029B3@omni.com.au> David Bromage <dbromage@omni.com.au> writes:
>Date: Thu, 16 Sep 1999 13:31:50 +1000
>From: David Bromage <dbromage@omni.com.au>
>Subject: Re: QR going national?
>Michael Walker wrote:
>> I would be a tad surprised. The real money in rail is in freight
>But QR does make a profit out of its coastal passenger services and the
>Kuranda train. I think the Gulflander also makes an operating profit if
>you ignore the cost of maintaining the isolated track.
>Cheers
>David
Dream on David.
No Govt operators in Australia have ever made profit out of their rail
services unless they do so by levying monopoly rents.
Here are some costs / revenues for QR
Urban Passenger
1990 1991 1992 1993 1994
Pass revenue $1.05 $1.14 $1.21 $1.26 $1.38 Units are $ per passenger
Pass costs $2.99 $3.15 $3.53 $4.51 $4.86
Country Pass
Pass revenue 7.4 6.76 11.46 11.68 13.72
Pass costs 23.76 25.78 30.68 30.75 33.40 Units are c per pass/km
Freight
Revenue 4.77 4.97 4.72 4.91 4.87
Costs 4.34 4.20 3.94 4.40 4.29 Units are c per ntk.
Source BTCE information paper No 40.
Analysis of the Rail Deficit.
Qrs freight operation makes a slight profit , but only because of the monopoly
rents on the coal traffic.
Freight revenues of near the 5 c/ntk are simply not a competitive rate .
B doubles get 3.5 to 4 c/ntk.
Even NRC gets 2.5 c/ntk.
Given all this though QRs operation is one of the better ones.
Westrail and the old AN are marginally better with NSW last.
cheers
MD