FreightLink

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FreightLink was a railway freight operator in Australia that operated over the Adelaide–Darwin railway.

History

In 2000, the AustralAsia Rail Corporation awarded the contract to build and operate the Adelaide to Darwin railway as a Build, Own, Operate and Transfer (BOOT) project to the Asia Pacific Transport Consortium, which in turn awarded the contract to FreightLink to build and operate the project.

FreightLink commenced operations in January 2004 on the Darwin-Tarcoola line. FreightLink had intermodal terminals at Adelaide, Alice Springs, Tennant Creek, Katherine, and Darwin. It performed marketing, integrated service management and management of service providers. A number of operational activities were outsourced to specialist providers including train and terminal management, port terminal operations and rail maintenance.

In May 2008 the Consortium of banks and infrastructure companies behind Freightlink decided to sell the railway and its operating company[1] In June 2008 FreightLink announced that it would add an extra weekly rail service between Adelaide and Darwin due to growing demand, taking the total number of services to six.[2]

During November 2008 the company was placed into voluntary administration. This resulted in FreightLink's bankers exercising their rights to appoint a receiver, KordaMentha which then took control of the company, as the deal to sell the company fell through after the a small number of the banks funding Freightlink refused to the terms of the sale to the preferred bidder.[3][4]

On 9 June 2010, Genesee & Wyoming Inc signed an agreement with the receivers to buy the assets of FreightLink for $334 million.[5] It would be operated as part of Genesee and Wyoming Australia.[6]

Fleet

Diesel locomotives owned by FreightLink included:[7]

References

  1. ↑ Vesna Poljak and Michael Smith (19 May 2008). "Banks force sale of $1.2bn Adelaide- Darwin rail link". The Australian Financial Review. p. 1 and 19. 
  2. ↑ "Extra Adel-Darwin rail service starts". ABC News. www.abc.net.au. 24 June 2008. Retrieved 9 July 2008. 
  3. ↑ Freightlink Pty Ltd - Press release November 8, 2008
  4. ↑ "FreightLink goes into administration". ABC News. www.abc.net.au. 6 November 2008. Retrieved 6 November 2008. 
  5. ↑ "FreightLink-owned Adelaide-Darwin railway to be sold to US company Genesee & Wyoming". Adelaidenow. 9 June 2010. 
  6. ↑ "Genesee & Wyoming Inc. Signs Agreement to Acquire FreightLink". PRNewswire. 9 June 2010. 
  7. ↑ "VICSIG - Locomotives - FreightLink". www.vicsig.net. Retrieved 26 October 2009. 

External links

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