Australia's Aurizon jumps after securing major 11-year national contract

Aurizon Holdings

20/02/2023 02:43

** Shares of Australia's Aurizon Holdings  AZJ.AX  rise as
much as 2.9% to A$3.52 , hitting their highest since Feb 13
    ** The Rail freight operator secures a country wide 11-year
contract with Ausrtalia's Team Global Services, a transport and
logistics firm
    ** Under contract, AZJ will deliver rail linehaul services
connecting various locations in Australia
    ** Services for Team Global will commence in April 2023 with
a ramp-up to full service offering by April 2024
    ** Stock has fallen 8.3% this year as of last close 
 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))