NTI Speaks Up for Trucking Industry as Fuel Costs Double
NTI Speaks Up for Trucking Industry as Fuel Costs Double
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Transport specialist NTI has been actively participating in government roundtables and working groups to advocate for the freight industry amid a significant surge in fuel costs.
The doubling of fuel prices has presented substantial challenges for transport operators across Australia, prompting NTI to engage in discussions aimed at finding viable solutions.
In response to the escalating fuel costs, the federal government has implemented several measures, including:
Dropping a 32.4 cents per litre heavy vehicle road user charge for three months.
Deferring a planned 6% increase in the charge until the following year.
Temporarily halving the fuel excise.
Additionally, states have agreed to forgo an uptick in goods tax, saving 5.7 cents per litre, and the Australian Taxation Office is offering three-year payment plans. Small business grants of $25,000 are also available under the disaster recovery assistance fund.
NTI's Executive General Manager of Commercial, Michael Edmonds, highlighted the tightening margins and complex planning that businesses are facing, emphasizing the need for difficult decisions to keep freight moving safely and sustainably. NTI is also lobbying for the release from contractual obligations to allow fuel levies to change more rapidly and for better road access for longer vehicles to enhance efficiency.
Transport operators are encouraged to stay informed about these developments and consider how these measures may impact their operations. Engaging with industry associations and participating in advocacy efforts can provide additional support during this challenging period.
Transport specialist NTI has been actively participating in government roundtables and working groups to advocate for the freight industry amid a significant surge in fuel costs. The doubling of fuel prices has presented substantial challenges for transport operators across Australia, prompting NTI to engage in discussions aimed at finding viable solutions. - read more
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Aggregate Limit: The maximum amount an insurer will pay for all covered losses during a policy period.
