RESEND: KiwiRail sees some green shoots in outlook for coal volumes, 'wall of wood'

Fri, 28 Oct 2016

(Removes extraneous material in fourth paragraph) By Jonathan Underhill Oct. 28 (BusinessDesk) - KiwiRail's statement of corporate intent projects a drop in revenue for 2017 but chief executive Peter Reidy sees some bright spots for the state-subsidised railway, including the potential pickup in coal volumes and the benefits of increased forest harvesting in some regions. "This year is going to be quite strong in terms of forestry. Coal has been very flat. But as coal prices come back we're likely to see a bit of volume uptake," chief...

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