Aurizon Holdings Limited
(ASX:AZJ) has unveiled plans to inject $180 million into a fleet upgrade for its operations in Central Queensland.
Australia's largest rail freight operator says the funds will be put to 40 high-tech track machines and specialised wagons.
Aurizon advises this fleet is expected to underpin the delivery of ever increasing export coal tonnages for Queensland miners.
Managing Director and CEO Lance Hockridge believes the upgrade of Aurizon’s mechanised fleet means the Central Queensland Coal Network will remain in the best possible condition.
Aurizon Holdings’ net profit surged 188 per cent to $308 million in the first half of the 2015 financial year.
