National transport and logistics company QR Limited has welcomed the arrival of competition in the Queensland coal rail market and reaffirmed it would fiercely defend its market position.
“I acknowledge Asciano’s announcement today which has been a fair time coming and is not unexpected,” QR Chief Executive Officer Lance Hockridge said.
“QR welcomes competition because it is good for customers, good for Queensland and ultimately good for QR.
“Make no mistake — we will be fierce competitors in our home state by focussing on providing the best value and service to our customers.
“QR is actively growing all of its businesses including coal, bulk and intermodal freight and passenger through an $8 billion five-year capital investment program.
“We are midway through a $3.75 billion upgrade of our Queensland coal network to expand capacity to handle tonnages which are forecast to grow substantially as the resources super cycle continues.”