NZTD News

KiwiRail’s FY25 results reflect a year in which the State-Owned Enterprise delivered on its operating surplus target, grew its freight volumes, saw substantial improvement in freight customer satisfaction, retained operating margin and banked significant savings from the first full year of its change programme, despite economic headwinds and other challenges. 

The company delivered an operating surplus of $111m for its services business, up from $105.6m in FY24 and ahead of the Statement of Corporate Intent target...

The joint venture of McCallum Bros Ltd and Nova Marine Carriers SA (MBL JV) will supply a new 78 metre ship, designed to service the bespoke needs of the Chatham Islands community, Associate Transport Minister James Meager says.

“Contract negotiations will ensure the Chathams have a secure, reliable, long-term service which maintains or exceeds current levels, and has capacity to grow alongside the Island,” Mr Meager says. 

“This represents a major step in the progress of a replacement supply vessel, which i...

ASB’s latest Economic Forecast Update signals a cautiously optimistic outlook for New Zealand, as the country navigates a steady (if uneven) recovery from the past few years’ economic challenges. While the June quarter saw a sharp contraction, recent data point to stabilising conditions and the early signs of a turnaround.

The latest ASB Quarterly Economic Forecast report, released today, highlights that while the recovery is taking longer than hoped, resilient export performance and improving consumer spending are pro...

Road users will notice some temporary traffic changes as the surface of State Highway 1 is investigated in preparation for Canterbury’s new Belfast to Pegasus Motorway and Woodend Bypass (B2P).

The work on SH1 between SH71 Lineside Road and Williams Street, as well as around the Pegasus roundabout and the SH1/Williams Street intersection, is due to start on Friday 3 October. It involves digging small holes in selected areas of the road surface to examine the layers underneath.

These investigations will help the N...

Road users can expect to see significant upgrades along Northland’s vital transport routes this summer, with contractors for NZ Transport Agency Waka Kotahi (NZTA) out renewing 204 lane kilometres* of state highway. 

It’s the second year of the largest-ever investment in state highway maintenance for the region.

“Northland’s state highways are crucial for connecting communities, supporting local businesses, and keeping freight moving efficiently, which is why we’re investing $258.6 million for state highway ...

Volvo Trucks North America announced that integrated side curtain airbags will now be standard equipment on new Volvo truck models built for the North American market. This marks another industry first for Volvo Trucks. Volvo Trucks introduced the driver front airbag in 1996 with the launch of the VN model and made it standard equipment going forward.

Crash test simulation without (left) and with (right) Volvo Trucks’ integrated side curtain airbag deployed during a rollover. The industry-first technology is now standa...