One Rail Australia east coast divestiture business
 | It has been suggested that this article be merged into One Rail Australia. (Discuss) Proposed since August 2022. |
The One Rail Australia east coast divestiture business is a business tasked with the post-sale divestiture of the east coast bulk haul operations of the rail freight operator company, One Rail Australia. The divestiture, a condition of the company's sale to competitor operator, Aurizon, was intended to ensure that three main suppliers of coal haulage will remain in New South Wales and Queensland.[1]:5 The divestment provision was secured by the execution of an enforceable undertaking with the Australian Competition and Consumer Commission in July 2022.[1]:28 Divestiture is to be by way of sale to a purchaser approved by the Commission or via an approved demerger to Aurizon's shareholders.[1]:5
Aurizon made moves to purchase One Rail Australia in 2021. Both companies supplied rail haulage services for coal in New South Wales and Queensland; in those states they and Pacific National were the three main coal hauliers. One Rail Australia was a well-established third supplier in New South Wales and had recently emerged as a significant third competitor in Queensland.
As a condition of its proposed acquisition, Aurizon offered a court-enforceable undertaking to the Australian Competition and Consumer Commission to divest the entirety of One Rail’s business on Australia's east coast, including its coal haulage operations in the Hunter Valley in New South Wales and in Queensland. After investigating the proposal's potential impact on competition, the Commission announced on 14 July 2022 that it would not oppose the company's sale subject to Aurizon divesting the east coast business.[2][3][4]
Aurizon assumed One Rail Australia's other operations – in South Australia, the Northern Territory and on interstate routes – on 29 July 2022, when the independent operation of the east coast business also commenced for the time being.[4]
Divested assets[edit]
The assets assigned to be divested included 1468 freight vehicles, leases to 4 depots and offices and 2 maintenance facilities, and a small quantity of spare parts; 230 employees were transferred. A total of 51 locomotives to be divested were as follows.[1]:49–50 [5]
| Class | Image | Qty | Fleet nos. | Gauge | Year built | Notes |
|---|---|---|---|---|---|---|
| 2200 | 
|
1 | 2216 | Standard | 1969– 1970 |
Ex FreightCorp, ex State Rail Authority, ex Public Transport Commission 422 class |
| GWA | 
|
4 | Not specified in the undertaking | Standard | 2011– 2012 |
|
| GWN | 
|
5 | GWN 1–5 | Narrow | 2012 | |
| GWU | 
|
11 | GWU 001–011 | Standard | 2012– 2021 |
|
| XRN | 30 | XRN 001–030 | Standard | 2010– 2012 |
Ex Glencore, ex Xstrata |
References[edit]
- ↑ 1.0 1.1 1.2 1.3 "Undertaking to the Australian Competition and Consumer Commission" (PDF). Australian Competition and Consumer Commission. 13 July 2022. Retrieved 1 August 2022.
- ↑ "Aurizon Holdings Ltd - One Rail Australia Holdings LP". Australian Competition and Consumer Commission. 14 July 2022. Retrieved 1 August 2022.
- ↑ "Aurizon's proposed acquisition of One Rail not opposed, subject to divestiture". Australian Competition and Consumer Commission. 14 July 2022. Retrieved 15 July 2022.
- ↑ 4.0 4.1 "About us". One Rail Australia. 2022. Retrieved 1 August 2022.
- ↑ "By the numbers". One Rail Australia. 2022. Retrieved 15 July 2022.
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