Why Short-Haul Intermodal Rail Services Succeed Services Rail Intermodal Why Short-Haul

Total Page:16

File Type:pdf, Size:1020Kb

Why Short-Haul Intermodal Rail Services Succeed Services Rail Intermodal Why Short-Haul RESEARCH REPORT RESEARCH REPORT 139 139 Why short-haulWhy intermodal rail services succeed www.bitre.gov.au Rail bitre Whybitre short-haul intermodal rail services succeed ISBN 978-1-925401-15-8 Bureau of Infrastructure, Transport and Regional Economics Why short-haul intermodal rail services succeed Report 139 Department of Infrastructure and Regional Development Canberra, Australia © Commonwealth of Australia 2016 ISSN: 1440-9569 ISBN: 978-1-925401-15-8 March 2016/INFRA2776 Cover photograph: Qube’s Deniliquin – Port of Melbourne train, carrying containerised rice products for export, pictured in September 2014. Photograph courtesy of John Hoyle. Ownership of intellectual property rights in this publication Unless otherwise noted, copyright (and any other intellectual property rights, if any) in this publication is owned by the Commonwealth of Australia (referred to below as the Commonwealth). Disclaimer The material contained in this publication is made available on the understanding that the Commonwealth is not providing professional advice, and that users exercise their own skill and care with respect to its use, and seek independent advice if necessary. The Commonwealth makes no representations or warranties as to the contents or accuracy of the information contained in this publication. To the extent permitted by law, the Commonwealth disclaims liability to any person or organisation in respect of anything done, or omitted to be done, in reliance upon information contained in this publication. Creative Commons licence With the exception of (a) the Coat of Arms; and (b) the Department of Infrastructure and Regional Development’s photos and graphics, copyright in this publication is licensed under a Creative Commons Attribution 3.0 Australia Licence. Creative Commons Attribution 3.0 Australia Licence is a standard form licence agreement that allows you to copy, communicate and adapt this publication provided that you attribute the work to the Commonwealth and abide by the other licence terms. A summary of the licence terms is available from http://creativecommons.org/licenses/by/3.0/au/deed. en. The full licence terms are available from http://creativecommons.org/licenses/by/3.0/au/legalcode. Use of the Coat of Arms The Department of the Prime Minister and Cabinet sets the terms under which the Coat of Arms is used. Please refer to the Department’s Commonwealth Coat of Arms and Government Branding web page http://www.dpmc.gov.au/pmc/about- pmc/core-priorities/guidelines-and-procedures-other-agencies and in particular, the Commonwealth Coat of Arms Information and Guidelines publication. An appropriate citation for this report is: Bureau of Infrastructure, Transport and Regional Economics (BITRE), 2016, Why short-haul intermodal rail services succeed, Research Report 139, BITRE, Canberra ACT. Contact us This publication is available in PDF format. All other rights are reserved, including in relation to any Departmental logos or trade marks which may exist. For enquiries regarding the licence and any use of this publication, please contact: Bureau of Infrastructure, Transport and Regional Economics (BITRE) Department of Infrastructure and Regional Development GPO Box 501, Canberra ACT 2601, Australia Telephone: (international) +61 2 6274 7210 Fax: (international) +61 2 6274 6855 Email: [email protected] Website: www.bitre.gov.au • ii • Foreword The shipping container has revolutionised freight transport over the last half-century. The container revolution is a pivotal factor in the world growth of trade outpacing growth in output. With goods moving more cheaply and more quickly around the globe, the box has, indeed, “changed the shape of the world economy”.1 That overwhelming success is bringing challenges. Seaborne trade is funnelled through the ports, which are typically located at the hearts of our cities so landside container movements impact on communities around the ports. Road traffic congestion along those arteries also undermines port efficiency. In response to these issues, planners and policymakers worldwide seek to transfer box movements from road to rail; and to use rail to shift port activities away from constrained maritime sites. However, road haulage stubbornly predominates in port–hinterland box movements because economics work against operating trains over shorter distances. That said, in spite of the odds being stacked against the operations, port–hinterland rail services do exist. In that context, then, this report considers the circumstances that can make short-haul urban and regional rail port shuttles viable and whether the circumstances are able to be replicated. Such insights can then provide guidance on the elements needed to enhance port access operations and port efficiency. The research was undertaken by Peter Kain, with assistance from Jeremy Dornan, under the supervision of Dr David Gargett. Preliminary research by Lyn Martin and Carlo Santangelo is acknowledged along with comments by John Hoyle, and by Dr Darrell Bowyer. Louise Oliver provided invaluable editorial guidance. While BITRE is grateful for this assistance, the views expressed in this report are those of BITRE and should not be attributed to any other individual or organisation. Gary Dolman Head of Bureau Bureau of Infrastructure, Transport and Regional Economics March 2016 1 The impact of the container — also known as “the box” — is described in the seminal study by Marc Levinson, The box. How the shipping container made the world smaller and the world economy bigger. • iii • At a glance • Using rail to move containers between ports and the hinterland can reduce road congestion, noise and air pollution. The provision of rail services can also complement the strategy of transferring activities away from constrained port areas. • Usually, moving containers by truck over short-and medium-distances is far cheaper than using intermodal–rail. Despite this, short-haul rail services do operate, for reasons outlined below. Why does short-haul intermodal rail work? • To be sustained, short-haul rail requires at least the following three elements: » minimised road access and egress — drayage — costs between hinterland and intermodal terminal; » low rail linehaul costs and high road costs; and » interest groups with motivations to encourage short-haul and viable hinterland terminals. How the hinterland terminal helps to minimise drayage costs • Drayage is minimised when the value-adding activities are undertaken at the hinterland terminal. Value-adding increases the attractiveness of hinterland terminals. In those circumstances: » shippers are encouraged to co-locate around the facility, thereby minimising drayage; or » shippers are encouraged to route their business via the terminal for processing. When that is done the drayage is not considered an element associated with intermodal freight but, rather, a part of the wider logistics task. Hinterland terminal activity attracts the traffic volumes that lower rail linehaul costs • Hinterland terminals attract volumes through cargo consolidation and deconsolidation. • Vibrant hinterland terminals and logistics areas attract international traffic volumes that provide the necessary volumes of containers to capture rail’s linehaul economics. • Hinterland terminals based around large dominant shippers and logistics operators provide the fundamental anchor traffic that is essential for the terminal vibrancy and, thus, for sustainable short-haul rail. • v • • Large, dominant-shipper flows can enhance individual train volumes, which can be maximised to meet an individual ship, rather than small, multiple-shipper volumes being splintered over several ships. • Terminal–rail sustainability is enhanced when operations commence with solid mature businesses—especially with a large dominant anchor customer—when traffic flows are steady rather than seasonal and when traffic imbalances (backhaul issues) are minimised. • Rail linehaul costs can be reduced markedly when the terminal offers a container rehiring service and can attract export custom: cargo in imported containers is unpacked and the container is reused for exports. Rail short-haul benefits from deficiencies in road haulage • Rail benefits from unproductive road haulage, such as caused by road and terminal congestion. • Truck productivity is undermined especially by road congestion over extended distances, as this reduces truck utilisation markedly. A coalition of agents have an interest in viable hinterland terminals and, hence, short-haul rail • The report illustrates how logistics systems have fostered a broad group of agents with an interest in developing vibrant hinterland terminals, and with that vibrancy comes sustainable short-haul rail. • These agents include » shippers—that is, growers, processors, manufacturers—requiring good hinterland access and egress; » logistics companies working with shippers to manage high-volume consolidation and deconsolidation; » port owners, stevedores and shipping lines, using hinterland terminals, with reliable rail connections, to provide a service as a competitive edge and incursion into other port catchment areas; and as a mechanism to shift operations from scarce and inefficient— constrained—port amenities. » government and other public agents, to pursue hinterland local development policies, to enhance port environment, and to reduce road and port congestion. In a nutshell • Vibrant value-adding hinterland terminals can secure the traffic volumes that are required for short-haul rail to
Recommended publications
  • 2015 Annual Report
    Aurizon Holdings Limited ABN 14 146 335 622 ASX Market Announcements ASX Limited 20 Bridge Street Sydney NSW 2000 BY ELECTRONIC LODGEMENT 17 August 2015 Aurizon – 2015 Annual Report Please find attached a copy of the Company’s 2015 Annual Report. In accordance with the relief from dual lodgment of financial statements under ASIC Class Order 98/104, the Annual Report will not be lodged separately with ASIC. Copies of the Annual Report are expected to be dispatched to all shareholders who have elected to receive a copy of the Annual Report, in mid-September 2015. Aurizon’s Annual General Meeting will be held at 10.00am (Brisbane time) on Thursday 12 November 2015. A copy of the Notice of Annual General Meeting is expected to be sent to all shareholders in mid-September 2015. Kind regards Dominic D Smith VP & Company Secretary T +61 7 3019 9000 | F +61 7 3019 0720 | [email protected] Level 17, 175 Eagle St Brisbane QLD 4000 Australia | GPO Box 456 Brisbane QLD 4001 Australia ANNUAL REPORT 2014-15 Contents Our Vision To be a world leading rail-based transport business that partners FY2015 in Review ................................................... 1 with customers for growth . Chairman’s Report ................................................ 2 Our Mission Directors’ Report ...................................................4 We are an Australian rail-based transport business with a global orientation that creates value sustainably for our customers, – Operating and Financial Review ............... 10 shareholders, employees and the communities in which we operate. – Remuneration Report ....................................25 Our Values Auditor’s Independence Declaration ........ 39 Safety: Safety of ourselves and others is our number one priority.
    [Show full text]
  • Annual Report 2015 Abn 14 149 723 053 Qube Holdings Limited Level 22, 44 Market Street Sydney Nsw 2000
    QUBE ANNUAL REPORT 2015 QUBE ANNUAL REPORT ANNUAL REPORT 2015 ABN 14 149 723 053 QUBE HOLDINGS LIMITED LEVEL 22, 44 MARKET STREET SYDNEY NSW 2000 Annual General Meeting The 2015 Annual General Meeting of Qube Holdings Limited will be held in The Blaxland Ballroom, Level 8, The Swissôtel, 68 Market Street, Sydney on Tuesday 24 November 2015 at 10:00am (Sydney time). QUBE ANNUAL 01 HOLDINGS REPORT LIMITED 2015 QUBE IS ESTABLISHED AS A LEADING LOGISTICS PROVIDER FOR IMPORT AND EXPORT FREIGHT. Chairman’s Managing Operational Letter Director’s Review Report 02 04 07 Sustainability Financial Corporate and Safety, Information Directory Health and Environment 18 20 132 02 QUBE ANNUAL HOLDINGS REPORT LIMITED 2015 2015 WAS A YEAR OF MAJOR ACHIEVEMENTS AND SIGNIFICANT CHALLENGES FOR QUBE WHICH DELIVERED ANOTHER SUCCESSFUL RESULT FOR SHAREHOLDERS Qube delivered record underlying revenue growth in the year of 18% to $1.43 billion and underlying EBITA growth of 14% to $172.4 million. Qube’s underlying net Christopher D Corrigan profit after tax increased by approximately Chairman 19% to $105.2 million and underlying earnings per share increased by 8% to 10.0 cents. Underlying earnings per share pre amortisation increased to 10.5 cents from 9.8 cents. Statutory revenue increased to approximately $1.46 billion and profit after tax attributable to shareholders after allowing for impairments was $85.9 million. Statutory diluted earnings per share were 8.1 cents. The statutory result was impacted by impairments included in the Ports & Bulk division relating to Qube’s Utah Point and Dampier Transfer facilities.
    [Show full text]
  • View Annual Report
    19 October 2017 ASX Announcement Annual Report Notice of Annual General Meeting and proxy form Attached below are Qube’s 2017: . Annual Report; and . Notice of Annual General Meeting and proxy form. Adam Jacobs Company Secretary BUILT STRONG FOR LONg-TERM GROWTH QUBE HOLDINGS LIMITED HOLDINGS QUBE ANNU A L REPORT 2017 REPORT L QUBE HOLDINGS LIMITED ANNUAL REPORT 2017 ABN 14 149 723 053 QUBE’S VISION IS TO BE AUSTRALIA’S LEadING PROVIDER OF INTEGRATED LOGISTICS SOLUTIONS FOCUSED ON IMPORT AND EXPORT SUPPLY CHAINS Contents 13 Operational Summary 2 Chairman’s Letter 20 Financial Information 4 Managing Director’s Report 134 Shareholder Information 10 Safety, Health and Environment 137 Corporate Directory ANNUAL REPORT 2017 1 Over 100 locations across Australia and NZ Over 6,500 employees and contractors No.1 in our core markets Over $3.75 billion in market capitalisation Annual General Meeting The 2017 Annual General Meeting of Qube Holdings Limited will be held at PricewaterhouseCoopers (PwC), Level 15, One International Towers Sydney, Watermans Quay, Barangaroo Sydney on Wednesday 22 November 2017 at 10.00am (Sydney time). 2 QUBE HOLDINGS LIMITED down as Chairman just prior to the end of the 2017 financial year. As many of you know, it was Chris and our Deputy Chairman Sam Kaplan, who 10 years ago began assembling the assets which would become Qube today. Under Chris’s leadership Qube has grown from a 200 million dollar investment fund to being an ASX-listed top 100 company with a market capitalisation of more than 3.75 billion dollars. I can say confidently that Chris has realised his vision of Qube becoming a major player in the freight CHAIRMan’s logistics market in Australia bringing COMpleteD overdue efficiencies to the import-export Letter acQUISITIon supply chain.
    [Show full text]
  • QUBE SUBORDINATED NOTES Prospectus for the Issue of Qube Subordinated Notes to Be Listed on ASX
    QUBE SUBORDINATED NOTES Prospectus for the issue of Qube Subordinated Notes to be listed on ASX Issuer Joint Structuring Advisers Joint Lead Managers Co-Managers Qube Holdings Limited National Australia Bank ANZ Securities Crestone Wealth Management ABN 14 149 723 053 UBS National Australia Bank JBWere UBS Morgans IMPortant notiCes This Prospectus information on how Qube (and its agents) collects, in Appendix A. If there is any inconsistency in This Prospectus is issued by Qube Holdings Limited holds and uses this personal information. definitions between the Prospectus and the Terms, the definitions in the Terms prevail. (ABN 14 149 723 053) (“Qube”). Restrictions on distribution This Prospectus is dated and was lodged with the This Prospectus does not constitute an offer of Notes Time Australian Securities and Investments Commission or invitation in any place in which, or to any person Unless otherwise stated or implied, references to (“ASIC”) on 7 September 2016. This is a to whom, it would not be lawful to make such an times in this Prospectus are to Sydney time. replacement prospectus that replaces the prospectus offer or invitation. Refer to Section 6.3.2 for further Disclaimer dated and lodged with ASIC on 30 August 2016 information. (“Original Prospectus”). This Prospectus expires on No person is authorised to give any information Notes have not been, and will not be, registered the date which is 13 months after 30 August 2016 or to make any representation in connection with under the U.S. Securities Act of 1933, as amended (“Expiry Date”) and no subordinated notes (“Notes”) the Offer described in this Prospectus which is not (the “U.S.
    [Show full text]
  • For Personal Use Only Use Personal For
    Dominic D Smith Vice President & Company Secretary Aurizon Holdings Limited ABN 14 146 335 622 T +61 7 3019 9000 F +61 7 3019 2188 E [email protected] W aurizon.com.au Level 17, 175 Eagle Street Brisbane QLD 4000 GPO Box 456 Brisbane QLD 4001 ASX Market Announcements ASX Limited 20 Bridge Street Sydney NSW 2000 12 September 2014 BY ELECTRONIC LODGEMENT Aurizon – Notice of Annual General Meeting, Proxy Form & Annual Report Please find attached a copy of the Notice of Annual General Meeting, accompanying Chairman’s letter and Proxy Form (Notice) for the Aurizon Holdings Limited (AZJ) Annual General Meeting to be held on Wednesday 12 November 2014, in the River Room 4 at the Perth Convention and Exhibition Centre, 21 Mounts Bay Road, Perth. Also attached is the published Annual Report. Copies of the Notice and Annual Report are in the process of being sent to all AZJ shareholders who have elected to receive a copy. A copy of the Annual Report is also available on the Company’s website aurizon.com.au. Yours faithfully Dominic D Smith VP & Company Secretary For personal use only Dear Shareholders On behalf of the Board of Aurizon Holdings Limited (Aurizon), I am pleased to invite you to attend the Aurizon Annual General Meeting (AGM) on Wednesday 12 November 2014, in the River View Room 4 at the Perth Convention and Exhibition Centre, 21 Mounts Bay Rd, Perth WA Australia 6000. The meeting is scheduled to start at 10:00am (Perth time). The 2014 AGM is being held in Perth, Western Australia to avoid G20 meetings being held in Brisbane.
    [Show full text]
  • 2011 Annual Report 3.0MB
    Dominic D Smith SVP & Company Secretary QR National Limited ABN 14 146 335 622 Level 14, 305 Edward Street Brisbane QLD 4000, Australia GPO Box 456 Brisbane QLD 4001, Australia T +61 7 3235 1976 F +61 7 3235 2188 [email protected] 6 September 2011 Company Announcements Office Australian Securities Exchange Limited Riverside Centre, Level 5 123 Eagle Street BRISBANE QLD 4000 BY ELECTRONIC LODGEMENT QR National – Annual Report Please find attached a copy of QR National’s 2011 Annual Report. In accordance with the relief from dual lodgment of financial statements under ASIC Class Order 98/104, the Annual Report will not be lodged separately with ASIC. Copies of the Annual Report are expected to be dispatched to all shareholders, whom have elected to receive a copy of the Annual Report, at the end of September 2011. The Company’s Annual General Meeting will be held at 10:00am (Brisbane time) on 10 November 2011. A copy of the Notice of Annual General Meeting is expected to be sent to all shareholders at the end of September 2011. Yours faithfully QR National Dominic D Smith SVP & Company Secretary QR National Limited ACN 146 335 622 transformation AnD GroWtH AnnuAl RepoRt 2010–11 ContENTS ChAIRMAn’s RepoRt 5 Ceo’s RepoRt 8 yEar in rEviEW CoAl 18 fReIght 23 netwoRk seRvICes 27 CorporatE soCial rEsponsibility sAfety 37 people 39 CoMMunIty 40 envIRonMent AnD sustAInAbIlIty 43 GovErnanCE DIReCTORs’ RepoRt 46 CoRpoRAte goveRnAnCe 80 finanCial rEport QR nAtIonAl fInAnCIAl RepoRt 2010–11 89 Queensland bulk, Darwin regional freight
    [Show full text]
  • Review of the Victorian Rail Access Regime Final Report Volume Ii: Detailed Analysis and Discussion of Issues
    Level 2, 35 Spring St Melbourne 3000, Australia Telephone +61 3 9651 0222 +61 1300 664 969 Facsimile +61 3 9651 3688 REVIEW OF THE VICTORIAN RAIL ACCESS REGIME FINAL REPORT VOLUME II: DETAILED ANALYSIS AND DISCUSSION OF ISSUES FEBRUARY 2010 An appropriate citation for this paper is: Essential Services Commission 2010, Review of the Victorian Rail Access Regime Final Report: Volume II Analysis and Discussion of Issues , February. Essential Services Commission. This publication is copyright. No part may be reproduced by any process except in accordance with the provisions of the Copyright Act 1968 and the permission of the Essential Services Commission. STRUCTURE OF THE FINAL REPORT The Commission’s final report on its review of the Victorian rail access regime is set out in three volumes: • Volume I sets out the Commission’s findings and recommendations to the Minister for Finance. • This volume provides a comprehensive explanation of the Commission’s analysis and its findings on each part of the terms of reference. It elaborates on the reasoning behind its recommendations and discusses responses received from stakeholders and notes some of the wider issues raised. • The third volume comprises supplementary material set out as appendices to the report. The appendices provide background information and more technical analysis related to the review. Essential Services Commission Review of the Victorian Rail Structure of the Final Report 3 Victoria Access Regime ESSENTIAL SERVICES COMMISSION REVIEW OF THE VICTORIAN CHAIRPERSON’S 4 VICTORIA
    [Show full text]
  • Review of the Victorian Rail Access Regime November 2009
    Level 2, 35 Spring St Melbourne 3000, Australia Telephone +61 3 9651 0222 +61 1300 664 969 Facsimile +61 3 9651 3688 REVIEW OF THE VICTORIAN RAIL ACCESS REGIME DRAFT REPORT NOVEMBER 2009 An appropriate citation for this paper is: Essential Services Commission 2009, Review of the Victorian Rail Access Regime: Draft Report, November © Essential Services Commission. This publication is copyright. No part may be reproduced by any process except in accordance with the provisions of the Copyright Act 1968 and the permission of the Essential Services Commission. CHAIRPERSON’S INTRODUCTION The Commission is undertaking the present Review of the Victorian Rail Access Regime at the direction by the Minister for Finance (‘Minister’). The purpose of the Review is to advise the Minister as to whether the rail access regime needs to be retained and if so what form it should take and what objectives should govern the regulator when carrying out its obligations. The Commission has been the economic regulator of the rail industry since rail access was introduced in 2001, following the privatisation of the Victorian rail freight business and the regional rail network. The first regime was replaced by the current, more prescriptive access framework in 2006 prior to the below rail infrastructure reverting to public ownership. In 2007, a taskforce chaired by Mr Tim Fischer reviewed the overall Victorian rail industry and recommended simplification of the rail access regime and the introduction of a one-stop-shop for rail access. These recommendations are relevant to this Review. The terms of reference require the Commission to have regard to the factors that affect the efficient operation of the Victorian rail industry, including market conditions.
    [Show full text]
  • BY ELECTRONIC LODGEMENT Aurizon – 2013 Annual Report
    Dominic D Smith Senior Vice President & Company Secretary Aurizon Holdings Limited ABN 14 146 335 622 T +61 7 3019 9000 F +61 7 3019 2188 E [email protected] W aurizon.com.au Level 17, 175 Eagle Street Brisbane QLD 4000 GPO Box 456 Brisbane QLD 4001 ASX Market Announcements ASX Limited 20 Bridge Street Sydney NSW 2000 19 August 2013 BY ELECTRONIC LODGEMENT Aurizon – 2013 Annual Report Please find attached a copy of the Company’s 2013 Annual Report. In accordance with the relief from dual lodgment of financial statements under ASIC Class Order 98/104, the Annual Report will not be lodged separately with ASIC. Copies of the Annual Report are expected to be dispatched to all shareholders who have elected to receive a copy of the Annual Report, in mid-September 2013. Aurizon’s Annual General Meeting will be held at 10.00am (Brisbane time) on Wednesday 13 November 2013. A copy of the Notice of Annual General Meeting is expected to be sent to all shareholders in mid-September 2013. Yours faithfully Dominic D Smith SVP & Company Secretary Aurizon is Australia’s largest rail freight operator with almost 150 years of experience. Each day the Company moves on average more than 700,000 tonnes of coal, iron ore and other minerals as well as agricultural and general freight across the nation. Aurizon operates a coal network made up of approximately 2,670 kilometres of heavy haul rail infrastructure in Central Queensland. The Company also provides a range of specialist services in rail design, engineering, construction, management and maintenance, and offers large-scale supply chain solutions to a diverse range of customers Australia-wide.
    [Show full text]
  • Fy-2014-Sustainability-Report.Pdf
    AURIZON BEYOND 2020 ANNUAL REPORT 2013–14 SUSTAINABILITY REPORT 2014 Sustainability represents resilience over time – a sustainable business is one which has long-term focus and a balanced approach to decision-making which takes into account economic, social and environmental considerations. Contents Managing Director & CEO Message ........................1 Customer Partnerships .............................................. 30 Vice President Sustainability Message ..................2 Community Engagement ......................................... 33 Sustainability at Aurizon .............................................3 Organisational Capability ........................................ 36 Aurizon’s Sustainability Priorities ...........................5 Regulatory Environment .......................................... 39 Governance ........................................................................9 Glossary ............................................................................ 42 Safety ................................................................................ 12 Datasheet – Our Employment Profile .................. 43 Business Model ............................................................. 15 Appendix – Future of Coal Future of Coal ................................................................. 17 Methodology and Assumptions ............................ 45 Operational Efficiency ................................................ 23 Global Reporting Initiative Index Table .....................................................................
    [Show full text]
  • Epuic) C Ve,Rs Cs(A
    EP UiC) c_ Ve,rs cs(A. Trade Practices Act 1974 Undertakings to the Australian Competition & Consumer Commission given for the purpose of Section 87B by Asciano Limited ABN 26 123 652 862 Recitals A. On 11 March 2006, the Commission accepted Undertakings from Toll Holdings Limited ACN 006 592 089 ("Toll") under section 87B of the Trade Practices Act 1974 (the "Act") ("Toll's Undertakings"). Toll's Undertakings were varied with the Commission's consent on 4 May 2006, 11 September 2006, 9 October 2006 and 13 December 2006. B. Toll's Undertakings were accepted by the Commission to address concerns held by the Commission in relation to the acquisition by Toll of Patrick Corporation ("Patrick"). C. Among the competition concerns identified by the Commission was that, by acquiring Patrick, Toll would acquire a 100% interest in Pacific National and that Toll would have the ability and incentive to cause Pacific National to favour Toll's freight forwarding operations on the East-West Corridor to the detriment of other freight forwarding customers of Pacific National on that corridor. The Commission also raised concerns that common ownership by Toll of both the Patrick and Toll automotive distribution businesses and vehicle pre-delivery and inspection services businesses would increase ownership concentration in the respective markets. D. Toll addressed the Commission's competition concerns in this respect by undertaking to: a. divest a fifty per cent interest in Pacific National (referred to as the "PN Interest"); b. divest the rights and interests of Toll in PrixCar Services Limited (referred to as the "PrixCar Interest"); c.
    [Show full text]
  • Locomotive Emissions Project
    Locomotive Emissions Project Scoping Study of Potential Measures to Reduce Emissions from New and In-Service Locomotives in NSW and Australia Prepared for: NSW EPA Prepared by: ENVIRON Australia Pty Ltd Date: March 2013 Page i Acknowledgements The significant role of Interfleet Technologies Pty Ltd in characterising the Australian locomotive fleet to inform the study merits specific recognition. The review of noise-related regulations and impacts for the rail transport sector was undertaken by EMGA Mitchell McLennan Pty Ltd. The valuable information provided by rail industry operators and service providers, and the cooperative guidance of NSW EPA personnel during the course of the study is gratefully acknowledged. Disclaimer This study was undertaken to inform the ongoing discussion about diesel emissions and possible measures that could be considered to address them. The study is an exploratory work scoping possible measures to reduce particulate matter (PM) emissions less than 2.5 micrometres in diameter (PM2.5) and less than 10 micrometres in diameter (PM10) and NOx emissions from new and in- service locomotives in NSW and Australia. Key components of the scoping study include: Review of local, national and international air emission regulations and policies for new and in-service locomotives; Characterisation of the locomotive fleet industry in NSW and Australia; Quantification of air emissions from locomotives in NSW and Australia; and Identification of potential cost-effective measures for reducing air emissions from new and in- service locomotives in NSW and Australia. This report was prepared by ENVIRON Australia Pty Ltd in good faith exercising all due care and attention, but no representation or warranty, express or implied, is made as to the relevance, accuracy, completeness or fitness for purpose of this document in respect of any particular user’s circumstance.
    [Show full text]