Lance Hockridge addressed a boardroom lunch for over 80 senior executives where he discussed how infrastructure providers are planning to deliver the required capacity to maximise outcomes for business and regional economies and to support Queensland coal’s continuing competitiveness in global markets.
Queensland’s coal sector is poised for its next massive growth phase with currently announced port expansions set to take export capacity from about 250 million tonnes to more than 1 billion tonnes per annum. The funding, construction and efficient operation of coal export supply chains will underpin this quantum uplift in capacity.
QR National has embarked on a wide-ranging transformation program, aimed at delivering world-class safety, customer service excellence and superior commercial capability.
QR National’s operations span the east coast of Australia and west to Perth, with a heritage of 145 years.
Its business is 80 per cent leveraged to the Australian resources sector with a significant focus on coal and iron ore haulage in Queensland, New South Wales and Western Australia.
In 2010/11, QR National transported more than 240 million tonnes of freight.
It operates and manages the 2670 kilometre Central Queensland coal network, the largest coal rail network in the country that links mines to coal ports at Bowen, Mackay and Gladstone.
QR National’s specialised engineering, construction and maintenance services are among the largest in the southern hemisphere.
Lance joined QR as Chief Executive Officer in November 2007 with more than 30 years’ experience in transportation and heavy industrial sectors in Australia and the United States with BHP and BlueScope Steel.
In 2010, QR National was listed on the Australian Securities Exchange after one of Australia’s largest and most successful IPOs in more than a decade.
Lance played a leading role in QR National’s preparations for the IPO, overseeing structural separation and the Company through the transition from government to private ownership.