Freight giant Aurizon expects to take a hit to its profit this year as it moves fewer shipments of coal in Queensland and chases significant debts from customers.
Ares Management, the high-profile alternative assets investor overseeing almost $900 billion, is among suitors appraising Aurizon’s $8 billion Queensland railway track network.
Aurizon has entered into a three-year agreement with SCT Logistics to increase the frequency of its containerised freight services between Brisbane, Sydney, and Melbourne.
