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Australia: Queensland takes on rail freight operator

By  |  September 30, 2014

A local Australian competition authority is reportedly cracking down on prices charged by a leading rail freight operator.

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    The Queensland Competition Authority has published a draft decision warning operator Aurizon that it charges too much for services – up to $1 billion too much.

    But the regulator noted that it was releasing its draft decision so stakeholders can review the analysis and, if necessary, provide additional information to the QCA that may change its ultimate findings. Reports say a final decision is expected next May.

    In a statement, Aurizon, whose Central Queensland Coal Network is the focus of the investigation, said it was “disappointed” by the preliminary findings and said it is concerned they could send a “negative signal” to the Network’s investors.

    Full content: The Morning Bulletin

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