{"id":304898,"date":"2026-02-27T13:21:08","date_gmt":"2026-02-27T13:21:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/304898\/"},"modified":"2026-02-27T13:21:08","modified_gmt":"2026-02-27T13:21:08","slug":"kiwirail-triples-its-half-year-earnings-as-demand-rises-2","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/304898\/","title":{"rendered":"Kiwirail triples its half-year earnings as demand rises"},"content":{"rendered":"

\u201cThese gains were achieved while we continued to navigate network constraints, particularly in Auckland, and weather-related impacts across parts of the network.\u201d<\/p>\n

Board chairwoman Suzanne Tindal said it was a disciplined performance.<\/p>\n

\u201cWe remain on track against a full-year operating surplus target of $160m,\u201d Tindal said.<\/p>\n

\u201cThis reflects improved operating performance across our commercial businesses and early progress from initiatives to strengthen productivity and reduce our cost base.\u201d<\/p>\n

Kiwirail said more than $9 billion had been invested<\/a> to upgrade tracks, signalling and infrastructure assets, and to modernise rolling stock.<\/p>\n

\u201cIn HY26, $601m was invested across the network and in key capital projects,\u201d Reidy said.<\/p>\n

Kiwirail said the Interislander operation was working \u201ceffectively\u201d since the retirement of Aratere to support the ferry replacement project.<\/p>\n

\u201cWe have strengthened our road bridging capability to maintain the movement of rail freight across Cook Strait, increasing staffing and equipment at terminals,\u201d Reidy said.<\/p>\n

\u201cWhile passenger numbers were lower due to the shift from three vessels to two, commercial freight volumes remained steady for the half-year, reflecting improved capacity utilisation.\u201d<\/p>\n

\u2013 RNZ<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"\u201cThese gains were achieved while we continued to navigate network constraints, particularly in Auckland, and weather-related impacts across…\n","protected":false},"author":2,"featured_media":304899,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[806,138,8530,4190,4568,60830,96972,302,17747,130,11692,111,139,69,10042,127248,89497],"class_list":{"0":"post-304898","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-as","9":"tag-business","10":"tag-carried","11":"tag-demand","12":"tag-earnings","13":"tag-freight","14":"tag-halfyear","15":"tag-its","16":"tag-kiwirail","17":"tag-more","18":"tag-nearly","19":"tag-new-zealand","20":"tag-newzealand","21":"tag-nz","22":"tag-rises","23":"tag-tripled","24":"tag-triples"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/304898","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=304898"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/304898\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/304899"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=304898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=304898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=304898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}