Freight Rail

Patrick and ACFS join forces

ACFS Port Logistics (ACFS) and Asciano’s logistics arm Patrick Port Logistics will form a joint venture in which each will own a 50% equity interest.

Current ACFS managing director Arthur Tzaneros has been appointed the chief executive officer of the new entity.

It will be headquartered in Sydney with senior management from both Patrick and ACFS on the management team.

Asciano’s chief executive officer and managing director John Mullen said the venture will deliver an expanded platform of services providing strengthened customer relationships and opportunities for Asciano to grow over the long-term.

Key assets which will provide a service to both new and existing customers will include ACFS’ new purpose-built logistics facility in close proximity to Patrick’s Fisherman Islands container terminal in Brisbane, and its undeveloped site at the port of Fremantle, adjacent to North Quay Rail Terminal.

Patrick Terminals and Logistics director Alistair Field said the joint venture will improve the competitive position of Patrick’s metropolitan logistics business, bringing operational efficiency, while establishing a platform for future growth.

He said it will create an “enhanced national logistics service” for customers of each company.

Patrick Port Logistics is a wholly-owned subsidy of Asciano Limited – a combined rail and cargo ports operator with an annual turnover of $4bn.

ACFS is a privately-owned container logistics operator in Australia, offering transport, warehousing and supply chain solutions to big-volume container importers and exporters.

Current freight facilities are located in Sydney, Melbourne and Brisbane.

This article originally appeared on our sister publication, Lloyd’s List Australia.