Subscribe today - find out more
Why you should consider BusinessDesk

KiwiRail’s billion dollar click and collect spending spree

Brent Melville
Fri, 15 Oct 2021

KiwiRail’s billion dollar click and collect spending spree
KiwiRail chief executive Greg Miller said negotiating when you can’t travel to meet people face to face made things interesting. (Image: Supplied)
Brent Melville
Fri, 15 Oct 2021
It’s not often you buy a new vehicle without at least having the benefit of a test drive, particularly if it has a $1 billion sticker price.Yet, that’s what KiwiRail has done, substantively upgrading both its train and ferry fleet from the comfort of a computer screen. This week it confirmed it will replace its South Island fleet of 65 ageing General Electric diesel-electric locomotives with 57 Spanish engines built by Stadler Rail Valencia.Each will cost €4 million (NZ$6.6m), just under $400m for the new fleet. ...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Wakeup Call FREE
Markets bounce on omicron rethink
Bernard Hickey | Tue, 30 Nov 2021

Global stocks bounced as much as 1.5% this morning as fears about omicron receded somewhat.

The next carbon auction: predicting the unpredictable
Ian Llewellyn | Tue, 30 Nov 2021

The fourth auction will offer up 4.75 million New Zealand units with the current spot price trading near $65.

Push to train Māori and Pacific for tech careers
Henry Burrell | Tue, 30 Nov 2021

Amazon’s cloud computing arm is training people in tech with guaranteed internships and a possible job at the end. 

Mansons leads with 120% carbon offset for new builds

Mansons TCLM is committing to a benchmark of 120% carbon offset for new buildings.

SIXT drives the company car upmarket

SIXT is enhancing its adaptable car subscription service with SIXT Business, catering for businesses wanting premium vehicle fleets.