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

 

“Gobsmacked” At Shock Road User Charge Increase

Media release
July 2

“We’re Gobsmacked” At Shock Road User Charge Increase, Say Concrete Trucking Operators

Yesterday’s shock announcement to increase road user charges by 7% could be the final straw for several concrete delivery companies, predicts the Ready Mixed Concrete Association (RMCA).

Association president Graham Payne says the surprise decision by Transport Minister Annette King has sent shockwaves through an industry already reeling from massive increases in fuel prices and a major downturn in construction activity.

“We’re gobsmacked – this was completely out of the blue. We can plan for these changes when we’re forewarned but we had no prior knowledge of this increase,” Mr Payne says.

The new charges, which took effect from yesterday, will significantly increase the cost of operating an average concrete delivery truck – an increase which can’t be passed on straight away as most companies had short-term contracts with customers.

Mr Payne says feedback from RMCA members following the announcement indicates that some may not be able to survive this latest blow.

Member companies are particularly angry that the Minister has gone back on a promise made last year to provide a month’s notice of any future increase.

He says some operators are seriously considering whether to join with other Road Transport Forum members in direct action to voice their protest at the decision.

“This is almost the end of the road for some of these businesses – they feel they’ve got nothing to lose by making the strongest possible statement about how strongly they feel about this decision.”

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

What Lies Beneath: Is The Housing Market Turning?
Rising interest rates, combined with further tightening of credit availability appear to be dampening the enthusiasm of investors and first home buyers. While house values continue to rise, what lies beneath QV's latest figures is growing evidence that price pressure has shifted... More>>



R&NTU: KiwiRail strike notices withdrawn following new offer

Strike notices on KiwiRail have been withdrawn. Rail and Maritime Transport Union General Secretary Wayne Butson says following negotiations between the RMTU and KiwiRail, a new offer from KiwiRail will be taken back to union members for ratification... More>>



Banking: Stress Tests Show Strengthening Bank Resilience

The latest stress tests carried out by the Reserve Bank of New Zealand – Te Pūtea Matua show strengthening resilience in the banking sector and the benefits of continuing to build capital buffers... More>>



Reserve Bank: Deputy Governor Reflects On Time At RBNZ
Central bankers must continue to look forward to guard against the unpredictable, Deputy Governor Geoff Bascand says in a speech published today. Mr Bascand joined the Reserve Bank of New Zealand – Te Pūtea Matua in 2013 during the aftermath of the Global Financial Crisis... More>>


Xero: Data Reveals ICT Expenditure Key To Small Business Sales Growth
Xero, the global small business platform, today released a new report which shows New Zealand small business ICT expenditure has increased 25 percent compared to pre-pandemic levels - more than the UK (20%) and Australia... More>>


Fonterra: Lifts Forecast Farmgate Milk Price Range And Revises Earnings Guidance At First Quarter Update

Fonterra Co-operative Group today lifted its 2021/22 forecast Farmgate Milk Price range, reported a solid start to the 2022 financial year and revised its earnings guidance... More>>


Canterbury Museum: New Research - Bald Haast's Eagle Feasted On Moa Guts

New Zealand’s extinct Haast’s Eagle (Hieraaetus moorei), the largest known eagle, gulped down viscera like a vulture and may even have been bald, new research suggests... More>>