KiwiRail says its move to a back-to-basics model with standardised assets under the ‘One KiwiRail’ programme is well underway.
The state-owned enterprise says it also will work more collaboratively with the NZ Transport Agency and Ministry of Transport to ensure it is an integral part of the solution to New Zealand’s transport needs.
KiwiRail’s latest corporate intent statement shows the company beginning to reap the benefits of its improvement programme, says chief executive Peter Reidy.
It says that the company’s focus for the next two years will be on delivering financial and operational results, and reshaping the business to ensure it meets customers’ needs efficiently and effectively.
“We are becoming more ‘customer-centric’, working on the premise that we move freight and people rather than trains and ships. That is helping us to keep the needs of our customers paramount,” says Reidy.
The corporate intent statement sets out key performance objectives across a range of measures for the next three years.
KiwiRail says its total recordable injury frequency rate reduced 50% over the previous financial year, and the lost time injury frequency rate reduced 36%.
“We were pleased with the $91m net operating surplus in FY2015, which was a 17% improvement over the previous year,” says Reidy.
“However, trading conditions are challenging so we will be tightly focusing on costs and performance to help us achieve our forecasts in the corporate intent statement,” he says.
