Asciano uncertain

PortXGroup has completed a contract for remediation work on the crane rail infrastructure at Pacific National’s Melbourne rail terminal and won an order for reach stackers to Fiji.

“Outcome-based” maintenance contract covers RMG cranes at Pacific National’s terminals in Sydney and Melbourne, Australia.

The Australian Federal Government is pushing ahead with its ambitious plan for a new double-stack intermodal line running 1,700 km from Melbourne to Brisbane.

Asciano has recommended a revised offer for its port and rail assets, which will be split up and sold to consortia involving Qube and seven infrastructure investors and pension funds

After failing to receive a matching offer to Qube’s proposal, Asciano advises shareholders to reject Brookfield’s offer

Asciano has deemed a revised offer from Qube to be superior to Brookfield’s earlier proposal, triggering a bidding war for the Australian port and rail operator