|Services||Rail haulage services|
|Revenue||A$2,378 million (June 2017)|
|A$443 million (June 2017)|
|A$260 million (June 2017)|
|Total assets|| A$5,220 million (June 2017)
596 locomotives and 12,875 wagons (June 2012)
|Total equity||A$1,274 million (June 2017)|
|Owner||Global Infrastructure Partners, CPP Investment Board, China Investment Corporation, GIC Private Limited and British Columbia Investment Management Corporation|
Number of employees
|Divisions||Bulk, Coal, Intermodal and Steel|
Pacific National is one of Australia's largest rail freight businesses. Formed in February 2002 as a joint venture between Patrick Corporation and Toll Holdings, which formed the holding company Asciano Limited. It is now a subsidiary of Australian Logistics Acquisition Holdings Pty Limited, via Australian Logistics Acquisition Investments Pty Limited and Asciano Limited.
In February 2002 National Rail's freight operations and rollingstock (owned by the Federal, New South Wales and Victorian Governments) were combined with FreightCorp (owned by the New South Wales Government) and sold to a joint venture between Patrick Corporation and Toll Holdings as Pacific National.
In February 2004 Pacific National purchased Australian Transport Network, operator of ATN Access and AN Tasrail. In August 2004 Pacific National purchased Freight Australia, giving Pacific National control of the Victorian non-urban rail track, excluding the interstate network which is controlled by the Australian Rail Track Corporation.
As part of the sale conditions the Australian Competition and Consumer Commission attached special conditions to the sale to ensure competition in the rail freight industry. The company was required to provide a 'starter pack' of locomotives, wagons, train paths, and freight terminals for a third party rail operator on the east-west route across the Nullarbor Plain. To fulfill this Pacific National sold nine refurbished G class locomotives to competitor SCT Logistics to allow it to operate its own services
In March 2005 Pacific National Queensland became the first non-Queensland Rail narrow gauge commercial rail operation in Queensland, with the commencement of container services between Brisbane and Cairns.
In November 2006 Pacific National entered into an agreement to sell the remainder of its Victorian rail lease of the network back to the Victorian Government. The sale was completed in May 2007, with the government owned V/Line taking over management of the track.
In 2005 Toll Holdings launched a hostile takeover bid for its joint venture partner Patrick Corporation which was successful giving Toll Holdings 100% ownership of Pacific National. In 2007 Toll Holdings was restructured into two separately ASX listed companies: Toll Holdings and Asciano Limited. As part of this restructure, Pacific National became a wholly owned subsidiary of Asciano Limited.
In 2009 Pacific National Queensland further expanded their narrow gauge operations, entering the export coal market dominated by incumbent Queensland Rail.
In 2016, Asciano agreed to sell Pacific National to Australian Logistics Acquisition Investments Pty Limited, a consortium of Global Infrastructure Partners, CPP Investment Board, China Investment Corporation, GIC Private Limited and British Columbia Investment Management Corporation. The transfer was completed on 19 August 2016.
In September 2005 Pacific National angered the Tasmanian State and Australian Federal Governments when it threatened to withdraw all services unless the governments paid a $100 million subsidy. Initially the governments refused to act on the issue claiming they would not be "held to mercy" by Pacific National, owned by Toll and Patrick Corporation, "which are extremely profitable multi-national companies". However, state infrastructure minister Bryan Green and federal counterpart transport minister Warren Truss announced a $120 million rescue package.
In May 2007 the Tasmanian Government, the Federal Government and Pacific National came to an agreement regarding the funding, ownership and operation of the Tasmanian railway network; with the Tasmanian Government acquiring the railway infrastructure previously leased to Pacific National, who would continue to provide above rail services on the network. In September 2009 the Tasmanian Government purchased the Tasmanian rail business, with rail infrastructure and railway operations to be maintained, managed and owned by a new TasRail.
Rural services 2007
In December 2007 Pacific National announced plans to sell or close its grain transport and Portlink rural container business operations in Victoria, selling or closing Patrick's intermodal freight business in Tasmania, and downsizing to a bare minimum Pacific National's grain operations across New South Wales. The decision was criticised as it forced grain growers to use higher cost road transport to transport the annual grain harvest from rural silos to the ports. The decision has seen many commentators accuse Pacific National of acquiring the operations of Freight Australia in 2004 only for the purposes of asset stripping and eliminating competition in rail freight.
The company has told competitors wanting to acquire unwanted rolling stock from the company, that it would rather scrap wagons or export them to Saudi Arabia before they would be made available domestically.
The container freight service to Horsham, Victoria was almost cancelled in April 2008 but was given a three-month reprieve by the company. In July 2008 the service was taken over by QR National.
Pacific National operates in all mainland states and territories. As at June 2012 the company operates 596 locomotives and 12,875 wagons. Services include bulk freight (coal, grain, steel, ore), intermodal containers (domestic and import-export), and specialised services such as 'hook and pull' for long-distance passenger trains.
The Pacific National steel contract was renewed with BlueScope and OneSteel in 2006 for $1bn, making it the largest ever freight rail contract in Australia. The deal involves haulage of about 3 million tonnes of steel over seven years. Pacific National has intermodal freight facilities at the Brisbane Freight Terminal in Queensland, the Melbourne Freight Terminal in Victoria, the Sydney Freight Terminal in New South Wales, and the Kewdale Freight Terminal in Western Australia.
Current locomotive fleet
|Rural and Bulk Division|
|48||Diesel-electric||Standard||115||1959-1970||48||Ex FreightCorp. 15 stored.|
|80||Diesel-electric||Standard||115||1979-1983||20||Ex FreightCorp. 12 stored.|
|830||Diesel-electric||115||1960-1963||3||Ex Australian Transport Network. All stored.|
|A||Diesel-electric||Broad||115||1984||7||Ex Freight Australia. All stored.|
|G||Diesel-electric||Broad, Standard||115||1985-1989||20||Ex National Rail Corporation and Freight Australia. 9 sold to SCT Logistics in 2007.|
|H||Diesel-electric||Broad||100||1968||5||Ex Freight Australia. 4 stored.|
|L||Diesel-electric||Standard||115||1967-1969||3||Ex Australian Transport Network. All stored.|
|P||Diesel-electric||Broad||100||1985||5||Ex Freight Australia. All stored.|
|PL||Diesel-electric||Standard||115||1999-2001||1||Ex FreightCorp. 1 stored.|
|S||Diesel-electric||Broad, Standard||115||1957||3||Ex Freight Australia. 2 stored.|
|X||Diesel-electric||Broad, Standard||115||1966-1976||21||Ex Freight Australia. 4 stored.|
|XR||Diesel-electric||Broad, Standard||115||2002-2006||9||6 ex Freight Australia, 3 built in-house.|
|Y||Diesel-electric||Broad, Standard||65||1963-1968||11||Ex Freight Australia. 1 stored.|
|RT||Diesel mechanical||Broad, Standard||15||1957-1969||22||Ex Freight Australia. 4 stored.|
|93||Diesel-electric||Standard||115||2012-2013||17||3 more on order|
|AN||Diesel-electric||Standard||115||1992-1993||10||Ex National Rail Corporation.|
|BL||Diesel-electric||Standard, Broad||115||1983-1984||10||Ex National Rail Corporation.|
|DL||Diesel-electric||Standard||115||1988-1990||14||Ex National Rail Corporation. 3 stored.|
|NR||Diesel-electric||Standard||115||1996-1999||119||Ex National Rail Corporation.|
|D16||Diesel-electric||Standard||35||1959-1964||5||Ex BlueScope. 3 stored.|
|PB||hybrid]]||Standard||80||2014-||1||6 on order.|
|V||Diesel-electric||Standard||115||2002||1||Ex Freight Australia.|
|Pacific National Queensland|
|PH37ACmai||Diesel-electric||Narrow||100||3 on order|
|45||Diesel-electric||Standard||115||1962||2||Ex Patrick Corporation. Both scrapped.|
|MKA||Diesel-electric||Narrow||80||1967-1972||3||Purchased from Malaysia. Used in Queensland 2004-2006. Transferred to Pacific National Tasmania. Sold to TasRail.|
'Bemax' containerised ore train
near Mannahill, South Australia
- "FreightCorp for sale with National Rail" Railway Digest October 2000 page 17
- Freightcorp and National Rail Corporation sold to National Rail Consortium for one billion dollars ABC News 31 January 2002
- Acquirer: Pacific National Pty Ltd; Target: Australian Transport Network Ltd Archived 31 March 2012 at the Wayback Machine. Australian Competition & Consumer Competition 30 March 2004
- Re: Pacific National - Australian Transport Network Ltd Toll Group 26 February 2004
- Victorian Government grants consent to Pacific National acquisition of Freight Australia Toll Group 16 August 2004
- Sydney Morning Herald: 'ACCC won't oppose Freight Australia takeover' - 2 July 2004
- "Toll boss bows to ACCC pressure" Courier Mail 13 December 2005
- "Pacific National Queensland". www.pacificnational.com.au. Archived from the original on 23 March 2010. Retrieved 22 June 2010.
- Jenny Woodward (11 March 2005). "Making Tracks". Stateline Queensland. www.abc.net.au. Retrieved 22 June 2010.
- Pacific National sells Victorian rail network to Government Toll Group 1 November 2006
- Minister for Public Transport: "Rail Buy Back Deal Complete" 7 May 2007 Archived 7 May 2008 at the Wayback Machine.
- Game over: Toll takes Patrick Sydney Morning Herald 14 April 2006
- "Toll Holdings Restructure". Toll Holdings. Retrieved 2 October 2007.[permanent dead link]
- Jennifer Perry (20 May 2009). "PN commences QLD coal haulage operations". Rail Express. www.railexpress.com.au. Archived from the original on 1 October 2009. Retrieved 22 June 2010.
- "Pacific National sold to international pension funds". International Railway Journal. 15 March 2016.
- "Asciano completes Pacific National ownership deal". International Railway Journal. 23 August 2016.
- "Govt signs off on Tassie rail package". ninemsn. 29 September 2005. Archived from the original on 18 November 2005. Retrieved 2 November 2006.
- Tas govt wins control of rail network The Age 12 December 2005
- "Tasmanian Railway Network Declaration Application" (PDF). National Competition Council. 1 May 2007. Archived from the original (PDF) on 16 February 2011. Retrieved 22 June 2010.
- Rail Sale Agreement Finalised Archived 11 April 2013 at the Wayback Machine. Asciano 7 September 2009
- "Pacific National to sell or close rail freight business". ABC News website. 12 December 2007. Retrieved 17 December 2007.
- Easdown, Geoff (12 December 2007). "Asciano delivers grain haulage shock to farmers". Herald and Weekly Times website. Retrieved 17 December 2007.
- "Freight Australia Exiting". Railpage Australia forums. 12 December 2007. Retrieved 17 December 2007.
- Philip Hopkins (21 March 2008). "Off the rails". The Age. business.theage.com.au. Retrieved 22 June 2008.
- "Rail freight woes spark crisis of confidence". ABC News. www.abc.net.au. Retrieved 16 July 2008.
- "Three month extension for Wimmera rail freight services". ABC News. www.abc.net.au. 24 April 2008. Retrieved 16 July 2008.
- "Rail to roll on". Wimmera Mail Times. yourguide.com.au. 28 July 2008. Archived from the original on 29 July 2008. Retrieved 30 July 2008.
- Pacific National Coal Asciano
- Pacific National Rail Asciano
- "PacNat wins $1bn freight deal". news.com.au. 18 December 2006. Retrieved 18 December 2006.
- "UGL secures first Australian PowerHaul order". International Rail Journal. July 4, 2016.
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