Pacific National is one of Australia's largest rail freight businesses. History In February 2002, National Rail's freight operations and rollingstock (owned by the Federal, New South Wales and Victorian Governments) were combined with FreightCorp (owned by the New South Wales Government) and sold to a joint venture between Patrick Corporation and Toll Holdings as Pacific National. In February 2004, Pacific National purchased Australian Transport Network, operator of ATN Access and AN Tasrail. In August 2004, Pacific National purchased Freight Australia, giving Pacific National control of the Victorian non-urban rail track, excluding the interstate network which is controlled by the Australian Rail Track Corporation. As part of the sale conditions, the Australian Competition and Consumer Commission attached special conditions to the sale to ensure competition in the rail freight industry. The company was required to provide a 'starter pack' of locomotives, wagons, train paths, and freight terminals for a third party rail operator on the east-west route across the Nullarbor Plain. To fulfill this, Pacific National sold nine refurbished G class locomotives to competitor SCT Logistics to allow it to operate its own services. In March 2005, Pacific National Queensland became the first non-Queensland Rail narrow gauge commercial rail operation in Queensland, with the commencement of container services between Brisbane and Cairns. In November 2006, Pacific National entered into an agreement to sell the remainder of its Victorian rail lease of the network back to the Victorian Government. The sale was completed in May 2007, with the government owned V/Line taking over management of the track. In 2005, Toll Holdings launched a hostile takeover bid for its joint venture partner Patrick Corporation which was successful giving Toll Holdings 100% ownership of Pacific National. In 2007, Toll Holdings was restructured into two separately ASX listed companies: Toll Holdings and Asciano Limited. As part of this restructure, Pacific National became a wholly owned subsidiary of Asciano Limited. In 2009, Pacific National Queensland further expanded their narrow gauge operations, entering the export coal market dominated by incumbent Queensland Rail. In 2016, Asciano agreed to sell Pacific National to Australian Logistics Acquisition Investments Pty Limited, a consortium of Global Infrastructure Partners, CPP Investment Board, China Investment Corporation, GIC Private Limited and British Columbia Investment Management Corporation. The transfer was completed on 19 August 2016. Controversy Tasmania 2005 In September 2005, Pacific National angered the Tasmanian State and Australian Federal Governments when it threatened to withdraw