SCT creates bulk rail spin-off

SCT Logistics enters the bulk rail market with the creation of Specialised Bulk Rail

September 7, 2010

SCT Logistics has created a new entity as part of its foray into the bulk rail market, securing a multi-million dollar contract and vowing greater competition.

Specialised Bulk Rail (SBR) is the brainchild of SCT founder and owner Peter Smith and will enter the market in mid October hauling iron ore for IMX Resources in South Australia.

The first stage of the contract is estimated to generate more than $150 million in revenue for SBR, with the company anticipating the figure to grow to $300 million when the second stage begins.

"It is an exciting development for our company," SBR CEO Geoff Smith says.

"We genuinely feel that the Australian mining industry will welcome increased competition into the bulk rail haulage sector and appreciate the fresh approach that we will bring to the market".

Under the contract with IMX, SBR will haul minerals from the Cairn Hill mine south-east of Coober Pedy. The company says it has the capability to move up to 2 million tonne of iron ore each year.

The move is a new direction for SCT, which has been involved in the consumer goods market for 35 years.

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