29 August 2014
This morning KiwiRail announced our results for the 2014 Financial Year.
This morning KiwiRail announced our results for the 2014 Financial Year.
KiwiRail confirms that there has been an incident involving a train at Melling Station this morning.
With Monday heralding a new era of electric train services for Auckland, KiwiRail and TrackSAFE NZ are reminding Aucklanders to stay alert and vigilant around level crossings and train tracks.
KiwiRail’s 150th Anniversary container project has won a gold medal in the Exhibition Stand category in the annual New Zealand Sign and Display Association awards.
The first of KiwiRail’s DL locomotives returned to service today, with more to be re-introduced over the coming weeks.
KiwiRail is confident the level of risk from exposure to airborne asbestos in its DL locomotives is minimal, following completion of a second round of testing in New Zealand, the results of which were also validated by an internationally recognised occupational medicine expert.
For the six months to end December 2013, KiwiRail is reporting an increase in revenue of nearly $3 million, but due to several factors that have disrupted our earnings growth, our operating profit is less than the same period last year.
KiwiRail’s Chief Executive, Peter Reidy has announced the appointment of Dr Bob Stacy as the new General Manager, Zero Harm.
Strengthening work is about to begin on parts of Wellington Railway Station to make it more resilient in the event of a significant earthquake.
KiwiRail and the NZ Police are alarmed at a spate of near collisions between motorists and trains at level crossings around the country and are urging drivers to obey level crossing warnings and exercise patience at level crossings.
Interislander’s Aratere ferry is due to depart Wellington for drydock repairs in Singapore tomorrow (Saturday 8 February). Following the break of Aratere’s propeller shaft on 5 November last year, the ship will be going to the Keppel Yard to have a new starboard shaft installed. While in drydock, the ship’s port shaft will be inspected and, if appropriate, also replaced.
KiwiRail has taken the precaution of halting all trains on the rail network in the lower North island following this afternoon’s earthquake near Eketahuna while track inspections are undertaken to check for any damage to the rail network.
KiwiRail and TrackSAFE NZ are warning people to use their Train Brain and not take risks around railway lines this holiday period.
KiwiRail’s Chairman, Mr John Spencer, today announced that Mr Peter Reidy will join the organisation as Chief Executive, effective 10th February 2014.
Over the last three years, KiwiRail has increased revenue by over 25 percent, with freight revenue growing by over $100 million in the same period, Chairman John Spencer said today at KiwiRail's Annual Public Meeting in Christchurch.
An independent investigation into anonymous allegations of infrastructure contracting irregularities by KiwiRail has found no evidence to support the claims.
Due to continued growth from the freight business KiwiRail is pleased to report that it has slightly exceeded its forecast result achieving an operating surplus of just over $108 million, compared to the expected range of $104 to $107 million. Revenue increased by $12 million to $727 million, with freight revenue of $467 million a $10 million increase on the previous year.
KiwiRail is advising Tranz Metro passengers that, following this afternoon’s magnitude 6.2 earthquake, all Wellington commuter lines are closed while track inspections are undertaken to check for any damage to the rail. The Wellington Railway Station is also closed.
People are being urged not to be a “dur brain” by trespassing on train tracks as part of an innovative new campaign for this year’s Rail Safety Week.
The Chairman of KiwiRail, Mr John Spencer, and the Board have announced they will not be renewing KiwiRail Chief Executive (CE), Mr Jim Quinn’s, five year contract when it expires in February 2014.
KiwiRail’s innovations to prevent falls have won the the Kensington Swan Best Initiative to Address a Safety Hazard category in last night’s New Zealand Workplace Health and Safety Awards.
KiwiRail has today released the report on its investigation into the accident in which a young woman was critically injured when a train hit her wheel chair after it became stuck at the Morningside pedestrian level crossing.
KiwiRail is pleased to report an increase in both revenue and operating surplus over the last six months. This result is primarily due to the continued growth in the core freight business which achieved a revenue result of over $238 million, an improvement of almost eight percent from the previous half year. Overall business revenue increased by four percent to almost $363 million and the operating surplus result of almost $47 million was a 7.6 percent increase.
KiwiRail is urging Ngaruawahia residents to help keep their young people safe this summer and stop them jumping off the rail bridge over the Waikato river.
“The fatal collision near Woodville yesterday is a personal tragedy and a reminder to road users and pedestrians to take extra care at level crossings,” says KiwiRail Chief Executive, Jim Quinn.
KiwiRail and the Chris Cairns Foundation are warning people to take care around railway lines this holiday period in light of recent statistics showing that people are continuing to take unnecessary risks around the railway.
The future of Hillside Workshops in Dunedin has been resolved after an extensive national and international search was undertaken for potential purchasers for the site. Unfortunately that process did not result in any purchaser for the entire Hillside business.
KiwiRail announced today the entry into a bulk fuel supply contract with Mobil Oil New Zealand Limited for the supply of diesel and associated services to KiwiRail.
KiwiRail has recorded a 25% growth in freight revenue in just two years, Chairman John Spencer said today at KiwiRail’s Annual Public Meeting.
KiwiRail’s progress towards becoming a sustainable business is well underway reporting revenue growth of 7.2% or almost $50 million. This includes strong revenue growth from the freight business of 15%, or approximately $60 million, and an increase in their EBITDA of 14%.
New locomotives and wagons are becoming the new workhorses on the network and has KiwiRail strongly placed to meet customer requirements.
At KiwiRail’s Annual Public Meeting in November 2011, we outlined our intention to make a change to the Balance Sheet that would reflect a standard commercial valuation approach.
Wellington commuters were treated to muffins and cake as they passed through Wellington Railway Station this morning to mark the building’s 75th birthday. The Minister of Transport, Gerry Brownlee, also paid the building a visit to join in the birthday celebrations.
Due to the severe weather warning issued by the Met Service we have made the decision to cancel scheduled Interislander sailings after the 6.25pm sailing from Wellington to Picton this evening.
KiwiRail’s core business of rail freight has experienced an 11 percent increase in revenue to over $220 million contributing to an overall business revenue increase of over five percent for the half year. The stand-out performer for freight was the Import Export (IMEX) division which recorded an increase in volume of 16 percent and a revenue increase of over 12 percent to over $61 million.
The Crusaders squad are travelling on KiwiRail’s TranzAlpine train from Christchurch to Greymouth today, two days before their pre-season match with the Highlanders.
© 2014 KiwiRail