Soft Third-Quarter Volumes for Asciano, Except for Coal and Cars

Third-quarter fiscal 2013 volumes fell in Pacific National (PN) Rail and terminals & logistics, but grew in both PN Coal and bulk & automotive port services. PN Rail’s intermodal business continued to experience weak volumes with the key volume metric, net tonne kilometres, down 3.4% reflecting weaker economic conditions in eastern Australia. Fortunately, volumes in PN Rail’s bulk business improved following increases in the export … Continue reading Soft Third-Quarter Volumes for Asciano, Except for Coal and Cars