KiwiRail tracks $162m surplus as freight revenues jump 11%

KiwiRail tracks $162m surplus as freight revenues jump 11%

KiwiRail recorded a $162 million operating surplus and an 11% increase in rail freight revenue in the year to June 30, Rail Minister Winston Peters says.

KiwiRail steamrolls the naysayers again

Rail Minister Winston Peters welcomed State Owned Enterprise KiwiRail’s annual result today and issued congratulations to every rail worker, including Board Chair Suzanne Tindal, the newest apprentices, and everyone in between. “KiwiRail reported a $162 million operating surplus and an 11 percent growth in rail freight revenues in the financial year to 30 June 2026,” Mr Peters says. “Rail freight volumes increased by three percent and total frei…