Patrick set to take on Toll in domestic rail freight

Patrick is set to take control of the Gibbins family's interstate container operation, FCL, in a move that would see it selling domestic freight in direct competition with Toll, its joint venture rail owning partner in Pacific National.

The stevedoring giant told the ASX last week that it has entered into an agreement with the owners of FCL to buy 100% of the business, with a final purchase price yet to be agreed. It said that FCL has...

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