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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

    27 September 2024

    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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