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27 Nov 2024 17:22
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  •   Home > News > Business

    KiwiRail's taking a financial hit, from falling freight volumes and weather-related outages

    KiwiRail's taking a financial hit, from falling freight volumes and weather-related outages


    InterIslander
    InterIslander
    The Palmerston North and Napier depots are reportedly facing potential job losses - and it's been decided the Northern Division freight line won't temporarily reopen between Masterton and Pahiatua.

    The state-owned enterprise is reporting a better than forecast 33-percent drop in operating surplus - but passenger rail is recovering post-pandemic.

    Interislander revenue is up five-percent, and it's up 41-percent for Great Journeys.

    © 2024 Newstalk ZB, NZCity

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     Today's News

    Law and Order:
    The Maritime Union is welcoming the conviction for former Ports of Auckland CEO, Tony Gibson - under Work Health and Safety law 17:17

    Entertainment:
    Dana Carvey has admitted his Elon Musk impression isn't very good 17:11

    Accident and Emergency:
    One person's died and many others are injured - after a crash between a bus and a car in Waikato - on State Highway One between Tirau and Piarere 16:57

    Cricket:
    107 tests, including 29 as captain and six away against New Zealand have imbued England captain Ben Stokes with wisdom about winning the toss on emerald-hued pitches 16:57

    Business:
    The Reserve Bank says the economy should recover next year, although it won't feel that way to many 16:57

    Entertainment:
    Nicole Kidman is reportedly considering moving back to Australia following the death of her mother 16:41

    International:
    Angela Merkel's new memoir details Vladimir Putin's power games and Donald Trump's antics 16:37

    Netball:
    The Jamaican netball side have beaten England 61-53 for a 2-1 series win in the UK 16:17

    Entertainment:
    Jenna Ushkowitz has given birth to her second child 16:11

    National:
    Will Donald Trump renegotiate the AUKUS treaty or walk away? That’s the $368 billion question 16:07


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