Pacific National is one of Australia's largest private rail freight businesses. Originally a joint venture between Patrick Corporation and Toll Holdings; it is now a wholly owned subsidiary of Asciano Limited following the restructure of Toll Holdings. The Indian Pacific is an Australian passenger rail service that operates between Sydney, on the Pacific Ocean coast, and Perth, on the Indian Ocean coast. The Canadian Pacific Railway (CPR) (reporting marks CP, CPAA, MILW, SOO), known as CP Rail between 1968 and 1996 and simply Canadian Pacific, is a historic Canadian Class I railway incorporated in 1881. It is one of the few truly transcontinental trains in the world. The train first ran in February 1970 after the completion of gauge conversion projects in South Australia and Western Australia.. Pacific National.