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involved when the numbers work, when the
customer is there and when the demand is clear.
No-one underestimates the size of the transport
task over the next 20 or 30 -- or indeed 50 -- years,
and the need for us to get beyond bandaid solutions.
We know that rail can do the heavy lifting when we
can get our act together.
In some areas, such as the Pilbara, the Hunter and
Central Queensland, we already have world-class
assets with high levels of ef ciency. The challenge
is to translate these pockets of excellence into the
broader freight arena.
There are indeed plenty of levers available to get
us to the place where we all know we should and
must be in lifting productivity, pushing down costs,
increasing ef ciency, getting rid of the red tape,
driving new investment approaches and resurrecting
sound policy settings.
We need to change up gears on the pace and
substance of reform, especially for all of us in the
Now it's about getting on with the job,
understanding with clarity what's required, and
having the execution capability to make it happen.
World-class productivity and business
performance will deliver untold bene ts to our
customers, to the economy, and to our future
standard of living.
That is the opportunity that is before us.
Lance Hockridge, Managing Director and Chief Executive of Aurizon
Lance Hockridge became Managing Director and CEO of Aurizon in July 2010 to lead the company
through what would be the largest IPO in Australia in a decade. He has guided the transition to
private ownership and Aurizon's listing as a top 50 ASX company after 145 years as a government-
owned and -operated railway. Lance has more than 30 years' experience in the transportation
and heavy industrial sectors in Australia and the United States with BHP and BlueScope Steel.
At BHP Billiton Limited, Lance was a member of the leadership team that led BlueScope Steel's
successful de-merger from BHP and subsequent listing on the ASX. In 2005, Lance was appointed
President of BlueScope Steel's North American operations, where he led a major turnaround in safety,
production and nancial performance.
From 2007 until 2010, Lance was Chief Executive Of cer of QR Limited, which was split to form
Aurizon and the passenger-focused Queensland Rail that has remained in government ownership.
Lance is leading a major transformation program at Aurizon, aimed at delivering world-class safety,
customer service excellence and superior commercial capability.
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