Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Topcat Was A Sitting Duck

TopCat’s withdrawal from the Cook Strait freight market and the loss of competition from this vital link in New Zealand’s transport system comes as no surprise, Road Transport Forum chief executive Tony Friedlander said today.

Mr Friedlander said the Forum was disappointed TopCat’s owners had decided it could not continue, as it offered an important new dimension to Cook Strait freight transport. “But the warning signs have been obvious for some months,” he said.

“In July we asked Transport Minister Mark Gosche to take action to stop what we saw as predatory pricing by Tranz Rail and warned him of the consequences if he failed to act. He refused to investigate our concerns.

“Then in September we saw the Marlborough District Council impose unrealistic speed restrictions on fast ferries without advice or guidance from the Ministry of Transport. This was despite the national significance and importance of the decision.”

Mr Friedlander said both the Government and the Marlborough District Council were warned of the consequences of their actions, but ignored those warnings.

“TopCat’s withdrawal was made inevitable by major obstacles which were allowed to be placed in its way. Now businesses who rely on a competitive Cook Strait freight market, must pay the price.”

ENDS

Details: Tony Friedlander Ph: 04 472 3877 Mob: 025 483 163

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Elsewhere:


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>