While Asciano chief executive John Mullen has made great strides with the ports and rail group over the past few years by cutting costs and improving efficiency, the company's intermodal business continues to struggle.
Intermodal haulage volumes, as measured by net tonne kilometres, dropped 2.4 per cent in the first quarter of fiscal 2015 due to falls in freight transported from the west to the east coast. This is partially because rail freight has been losing market share to container shipping, which is cheaper.
But Asciano's bulk haulage division, which moves grains and other commodities, has also been battling falling volumes, which were down 7.7 per cent in the first quarter.
Would G&W be a better owner? I would like someone from SA to opine upon the performance of GWA's intermodal and bulk business. I am not sure they have a lot of coal?