History
- 2003: Toll Holdings purchases a controlling share of Tranz Rail Holdings.
- 2003: Toll NZ sells its shareholding in TasRail to Toll Holdings subsidiary Pacific National.
- 2003: Toll NZ purchases New Zealand transport company JD Lyons for an undisclosed amount.
- 2004: Toll NZ begins negotiating access fees with New Zealand Railways Corporation division ONTRACK. A report from the Land Transport Safety Authority (now the Land Transport Authority) concludes the Midland line is "fit for purpose" but requires major upgrading to continue to meet safety standards.
- 2005: Toll NZ reports a profit of NZ$41.5 million, an increase of 31%.
- 2005: Freight volumes on rail in New Zealand surpass those of the 1980s.
- 2006: Toll NZ, ONTRACK and the New Zealand Police introduce a safety-programme aimed at reducing deaths at railway level-crossings. Toll reports revenues of NZ$725.8 million and profit of $34.7 million.
- 2007: Toll Holdings purchases the remaining public shares of Toll NZ, the company is delisted from the New Zealand Sharemarket.
- 2008: Due to the failure of track access negotiations, the New Zealand Government buys Toll NZ's rail and sea assets for $665 million, forming a new company named KiwiRail, under the New Zealand Railways Corporation.
- 2008: Toll Holdings buys New Zealand trucking firm United Carriers.
Read more about this topic: Toll NZ
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