Road transport cost pressures keep rising

Friday Offcuts
FIEA
Innovatek

Road transport cost pressures keep rising

Friday 26 Jul 2024

The road freight industry is grappling with escalating costs, with repairs, maintenance, financing, insurance, and wages all climbing in the March quarter, according to Transporting New Zealand's latest cost index.

Prepared by Grant Thornton, the index reveals a 6.03% surge in road freight costs over the past year, outpacing the overall consumer price index (CPI) at 4.02%.

Transporting NZ interim chief executive Dom Kalasih warns that the perfect storm of rising costs and declining demand, evidenced by a 2.3% drop in the ANZ Truckometer Heavy Transport Index in May, is placing immense pressure on trucking businesses.

Kalasih emphasizes the critical need for freight operators to closely monitor their pricing, profit margins, and customer relationships to navigate these challenging conditions.

More >>

Source: Transport Talk

Return to Newsletter

Share |