Wednesday, April 21, 2010

A$ 100 Million Freight Rolling Stock Order For UGL Rail

Sydney Based Group Announce Successful Tender
Shipping News Feature

AUSTRALIA – After the positive reports in February regarding the trading position of UGL, the infrastructure group, their rail division have announced this week a further A$100 million order for freight rolling stock and wagon orders from QR Limited (Queensland Rail).

The order is for 4 x C44ACi locomotives and 160 x QHBH freight wagons for operation in the Hunter Valley plus 200 x VCB freight wagons for operation in the Bowen Basin. The wagons will be constructed throughout UGL Rail’s facilities in Australia including those in New South Wales and Queensland.

“These recent successes in our rail business reflect the continued strength in the resources sector and expanding opportunities currently being experienced in the Australian freight market. They also reflect our ability to efficiently source and deliver high quality, cost effective and reliable rail freight solutions to our customers. We are pleased that QR has chosen to expand their long association with UGL.”, said Richard Leupen, Managing Director and CEO of UGL.

“The business is currently experiencing a near record level of tendering activity across all of the company’s operations supporting increasing levels of visibility and confidence as we move forward.”

The UGL Group consists of four sectors including UGL Rail and operates throughout Australia, New Zealand, Asia, North America and the Middle East employing over 40,000 people.

Pic: UGL VSA Coal Hopper Wagon