The government wrote off NZD1.3 billion in debt acquired by the company from the Railways Corporation, and injected a further $300 million in capital.

The Uganda railway became part of the East African Railways Corporation after WWI.

From its inception in 1982 coinciding with land transport deregulation, the Railways Corporation struggled to retain market share, and its performance in terms of freight tonnage carried reflected this:

In 1991, New Zealand Rail Ltd, including the Interisland Line, was spun off from the Railways Corporation.

New Zealand Rail Limited (The rail operations of the Railways Corporation) - later renationalised as KiwiRail.

It was originally constructed, owned and operated by the government's Railways Department, later the Railways Corporation, until the sale of most of its functions in 1993 to a private company that became known as Tranz Rail.

New Zealand Rail Limited was split off from the Railways Corporation (which continued to own the land beneath the rail network) in 1990, privatised in 1993 and then renamed in 1995 to Tranz Rail.

Doboj is the largest national railway junction; as such, the seats of the Republika Srpska Railways, and the Railways Corporation of Bosnia and Herzegovina are located in Doboj.

In 2004 Tranz Rail was sold to Toll NZ Ltd, who then sold the track and infrastructure back to the Railways Corporation.

It was formed after the breakup of the East African Railways Corporation (EARC) in 1977 when it took over the Ugandan part of the East African railways.