Tranz Rail smashes record

By Ray Lilley

Friday 5th May 2000

Record freight levels partly offset a 73% rise in fuel prices and costs which shaved $9 million from the bottom line result of Tranz Rail for the nine months to March.

The fuel costs increase disguised the profitability improvement of the group, which generated earnings of $38.5 million for the nine months to March, up $9.2 million (31%) on the same period a year earlier.

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