Asciano takes over Toll's north Qld rail TRANSPORT group Toll will provide Asciano with at least 90 per cent of its national rail freight for the next 13 years in a new deal between the companies. Asciano's subsidiary Pacific National Rail will also buy five Queensland rail terminals from Toll Holdings for $71 million as part of the deal. Pacific National Rail will then take over the north Queensland rail service of Toll's business moving freight between road and rail from February 1 next year. Toll's intermodal rail terminals being sold are at Cairns, Townsville, Mackay, Rockhampton and Brisbane with Pacific Nation to take on 60 Toll staff. Toll has also committed to provide a minimum of 90 per cent of its rail volumes on Pacific National Rail services across Australia, a spokesman said, which includes general freight but excludes its separate coal haulage division. Asciano on Monday also said it was reiterating its forecast of a 5.0 per cent fall in earnings before interest and tax in the Pacific National Rail division for fiscal 2014. Chief executive John Mullen said that despite the soft domestic economic conditions hurting the intermodal business he believed growth could be achieved through improvement in the efficiency, performance and productivity of its rail service. Asciano shares closed up three cents to $5.70 while Toll stocks rose five cents to $5.57.