KiwiRail announces $167m net loss
However, it had a much better 12 months to June 30 than a year earlier, improving EBITA 17 per cent to $91 million.
However, it had a much better 12 months to June 30 than a year earlier, improving EBITA 17 per cent to $91 million.
Freightways lifted annual profit by 4 per cent on increased sales from express packages, business mail and information management.
Airwork will spend between $95 million and $105 million on expanding its Boeing 737 fleet during the next year.
Ports of Auckland's inability to expand could push up the price of cars and freight, while cruise ships could bypass Auckland.
Newly formed New Zealand freight management business Coda has appointed former Olympic rower Scott Brownlee as its chief executive.
The Auckland Chamber of Commerce is supporting a halt of work on two large wharf extensions into the Waitemata Harbour.
A legal challenge to the lawfulness of two wharf extensions in the Waitemata Harbour will be heard in June.
Heads could roll over Ports of Auckland expansion plans, according to a senior Auckland Council source.
Ports of Auckland is not ruling out a pause in construction on two massive wharf extensions into the Waitemata Harbour.
Ports of Auckland is planning an offensive this week to sell its expansion plans to Aucklanders, using the carrot of releasing Captain Cook Wharf for public use.
The majority of Auckland councillors now want a rethink on the controversial proposed expansion of the port.
The protest was sparked by port company plans to begin building two massive extensions and Auckland Council voting to ease rules for further reclamation.
About 2000 people and more than a hundred boats gathered today to protest plans by Ports of Auckland to reclaim more of Waitemata Harbour.
Auckland's Waitemata Harbour has been "turned from a harbour into a river", by Ports of Auckland expansion, yachting great Chris Dickson says.
Over the past month, Ports of Auckland has made announcements about its intention to extend wharf structures out from Bledisloe Wharf.
There is a certain irony that at a time Auckland is celebrating its founding as a port city 175 years ago, calls are growing to move the port elsewhere.
A protest group of concerned Aucklanders has joined the outcry against two large wharf extensions by Ports of Auckland, which eventually wants to reclaim 3ha of seabed between the wharves.
Ports of Auckland will start work in April on the first step to reclaim more of the Waitemata Harbour.
Fliway, a transport and logistics company owned by Duncan and Gretchen Hawkesby, has confirmed it will be the first new listing on the NZX this year.
Mainfreight shares, which have jumped by a third this year, fell after it posted first-half earnings that disappointed some investors.