Aug 14 (Reuters) - Coal rail network operator Aurizon Holdings Limited AZJ.AX said on Monday it had decided to quit its loss-making freight business, selling two units for A$220 million ($173.58 million) and closing a third arm.
Aurizon said it would sell its Queensland rail and road freight business to a consortium of Linfox and Pacific National and its Acacia Ridge Intermodal Terminal separately to Pacific National.
The remainder of its intermodal business outside of the state of Queensland will be closed at the end of December, resulting in the loss of 250 jobs.
($1 = 1.2674 Australian dollars)