Like Warren Buffett, Aurizon chief Andrew Harding sees the freight operator as an enabler of economies.
BHP was a deal that came together ahead of time, and began when Aurizon acquired South Australia’s One Rail for $2.35bn in 2021.
The disappointing aspect of the BHP deal is the solution still relies on a trucking option rather than building a spur line to the mine site. The site has over 50 years of business available that ought to be enough for any railway and the customer to build a spur line especially when goods and chemicals also need to go to the mine.
The catch?
Railroads eat capital and that is where governments should be assisting.
