AusRAIL, Market Sectors

FreightLink defends trade performance

<p>FreightLink has defended its record in building trade on the Adelaide-Darwin rail corridor after last week’s loss of trade from the Northline Group.</p> <p>The company has been stung by media criticism, particularly over its international trade performance.</p> <p>FreightLink said its business plan envisaged a gradual build-up of trade over the next three years and it has actually exceed expectations for trade within the first 12 months.</p> <p>It carried 16,000 tonnes of international freight through Darwin during its first year of operation to add to 650,000 of domestic freight &#8211 which was also ahead of forecasts.</p> <p>"The business’s long-term prospects are very sound," FreightLink chief executive John Fullerton said.</p> <p>"This is a long-term project the railway is still in ramp-up mode."</p> <p>Mr Fullerton said that although it was disappointing to lose Northline trade such occurrences were part of doing business.</p> <p>"We expect to cover the decline in Northline freight through other initiatives and will soon be finalising new service agreements with other freight forwarders and mining companies," he said.</p> <br />