Page 3 - Zone Rail News Today

By David Winning SYDNEY--Aurizon Holdings forecast an earnings recovery in the 12 months through June, after its fiscal 2023 performance was dented by...

Aurizon is talking about “land-bridging” goods from the Port of Darwin to the rest of Australia. Chris Corrigan blasted the idea 20 years ago; he was right.

The path to AGL Energy doing a share buyback is not so improbable if Merlon’s Neil Margolis is right about the future of its $20 billion transformation.

The sector is still largely male-dominated, but there is a growing presence of women at the high end of decision-making.

The Aurizon Holdings Ltd (ASX: AZJ) share price is coming under pressure today following the release of its first-half results.

Aurizon has offloaded One Rail’s coal haulage business to a joint venture half owned by M Resources founder Matt Lattimore, securing $425 million in cash for investors.

Macquarie Capital’s bankers have ruled off two big deals, just in time for Christmas.

Increased risk aversion and longer negotiation periods have resulted in a sharp decline in the number of M&A transactions. The mergers and acquisitions space has gotten off to a slow start in FY2023,

Aurzion plans to declare whether it will sell or spin off its newly acquired One Rail coal haulage business next month, chairman Tim Poole told the rail group’s annual general meeting.

Short-term bonuses will be tightly linked to slashing carbon pollution as the rail haulage group tries to eradicate operational emissions by 2050.