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KiwiRail Posts $162M Surplus with 11% Freight Growth, Boosting NZ Economy

30 Sep 2026, 6:08 AM | 1 week ago | 122 views

Rail Minister Winston Peters praised KiwiRail's strong annual performance, highlighting a $162 million operating surplus, 11% growth in rail freight revenues, and a 3% increase in freight volumes for the year ending June 2026. He emphasized KiwiRail's vital role in New Zealand's economy, moving a quarter of exports, supporting millions of passenger journeys, and benefiting from investments that have modernized the fleet and improved infrastructure funding. Despite skepticism, KiwiRail has achieved high reliability, particularly with the Interislander service, thanks to dedicated workers and strategic management.

Tags: Winston Peters Suzanne Tindal KiwiRail Thomas the Tank Engine Interislander New Zealand Rail Minister Board Chair State Owned Enterprise Rail freight