Aurizon (ASX: AZJ), formerly QR National, is a publicly listed rail freight company in Australia. Formerly owned by the Government of Queensland, its assets were transferred to a new company QR National Limited in July 2010 in preparation for it being floated on the Australian Securities Exchange in November 2010.
QR National was established in the 2004/05 financial year when Queensland Rail's coal, bulk and containerised business units were brought under one banner. It was formed with the charter to operate freight services in Queensland and around Australia, expanding though the winning of contracts and the acquisition of other companies.
QR National was rebranded as Aurizon in December 2012.
Read more about QR National: History, Public Float, Locomotive Fleet
Famous quotes containing the word national:
“It is no part of the functions of the National Government to find employment for the people, and if we were to appropriate a hundred millions for his purpose, we should only be taxing 40 millions of people to keep a few thousand employed.”
—James A. Garfield (1831–1881)