“Toll has been a classic asset-stripper: buy a key piece of infrastructure that should never have been sold, take as much profit as possible with minimal investment, and force the Government to buy the infrastructure back to prevent further economic damage.”
For starters, Toll never bought the track, which this implies. In fact Dr Cullen and the Labour government did a cozy little deal with Toll to bid for Tranz Rail. The Beehive press release here makes it clear that Toll and Dr Cullen were acting hand in glove. The government was "never forced", Toll never bought the infrastructure. Utter lies.
Thirdly, it claims that "lines have been closed". What? By the state? Only one line has been closed since Toll took over, the tiny Castlecliff branch in Wanganui (and it hasn't been removed). Even since privatisation the lines mothballed consists of Rotorua, Taneatua and Whakatane. Far more lines closed under government ownership in the 1980s (Kurow, Otago Central, Okaihau, Thames, Seddonville, Makareao). Not that this was wrong, but the implication is that services were dropped from those who used them - when in fact lines like Kurow had just two freight trains a week - hardly a reason to get excited.
So if the Standard has this standard of research and writing, you might ask what else it does well?