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7 Jul 2025 5:01
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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.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     06 Jul: Our newsroom's revealed more than 200 people were able to enter New Zealand on work visas for defunct businesses later exposed as fronts for a network of cannabis grow houses in Auckland
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     05 Jul: A surge in new car sales - on the back of a tough couple of years for the market
     05 Jul: An independent report on the Northland Expressway, is sowing doubt over the project's future
     05 Jul: AI could soon be worth billions of dollars a year to New Zealand
     04 Jul: Indonesia to sign $52.3b trade pact with US in effort to avoid higher tariffs
     04 Jul: Bad weather in the Tasman District has negatively affected spending - but also brought a a spike in sales of particular items
     Top Stories

    RUGBY RUGBY
    A pass mark from All Blacks forwards coach Jason Ryan for Tupou Vaa'i's switch to blindside flanker More...


    BUSINESS BUSINESS
    Our newsroom's revealed more than 200 people were able to enter New Zealand on work visas for defunct businesses later exposed as fronts for a network of cannabis grow houses in Auckland More...



     Today's News

    Netball:
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    International:
    Pakistan apartment collapse kills residents in impoverished Karachi neighbourhood 4:37

    Rugby:
    A pass mark from All Blacks forwards coach Jason Ryan for Tupou Vaa'i's switch to blindside flanker 21:57

    Entertainment:
    Charlize Theron refuses to name the "scumbag" director she has accused of sexual harassment 21:36

    Accident and Emergency:
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    Entertainment:
    Iranian supreme leader makes first public appearance since war with Israel 21:07

    Entertainment:
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    Entertainment:
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    Entertainment:
    Courteney Cox has a cardboard cutout of herself in her closet 20:06

    Entertainment:
    Josh Peck has become a father for the third time 19:36


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