There are many threads now related to Asciano's presentation, but none specific to all states. Maybe this is relevant to Queensland.
Isn't Asciano's behaviour akin to the small (or large) boy who has grown tired of playing with one toy and is now going to pester his parents (financiers) for a bigger toy?
What is Asciano (and predecessor Toll) 's track record on rail?
Not too flash if you ask me.
Why did they buy the Tasmanian network?
They now need to close most of it up.
Its not affected by the drought, so whats happened since they took it over? If it just doesn't make money, then why did they pay money for it?
Did they do due diligence?
Why did they buy Freight Australia? Did they do due diligence there?
Admittedly, the drought has knocked the wheat business around. But we appear to be on the verge of getting over the drought.
Is it really that they have missed out on a big wheat haulage contract?
The National Rail business seems to power on. However, considering the dominant amount of rolling stock they got at start up, it is interesting to see how much business is now travelling with new players.
A lot of questions should be asked of Mr. Rowsthorn by Asciano shareholders before they spend half a billion trying to win contracts in Queensland.