News: High Kiwi dollar negating further official cash rate cut?

Inflation has risen back into the Reserve Bank’s target band, which combined with the New Zealand dollar sitting a two-and-a-half-month high means further cuts to the official cash rate (OCR) are unlikely.

According to BusinessDesk, the consumer’s price index rose 0.4% in the December quarter for an annual increase of 1.3% as the recovery in global oil prices pushed up local petrol costs and as the rampant housing market continues to drive rapid house price gains.

The Kiwi dollar climbed as high as 73.12 US cents, the highest since Nov. 9, and recently traded at 73.07 cents from 72.70 cents immediately before the release. Continue reading “High Kiwi dollar negating further official cash rate cut?” »

Inflation has risen back into the Reserve Bank's target band, which co ...

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News: Revised Valente still ticks the boxes

This story first appeared in the January issue of DieselTalk – CLICK HERE to download the magazine FREE

For the 2016/7 model year, Mercedes-Benz refreshed its eight-seat Valente people mover by adding a reversing camera and front and rear Parktronic sensors, plus active park assist for automated parallel and perpendicular parking.

DIESELtalk first drove the five-metre-long Valente in August 2015, when these features were optional, so it is pleasing to see the manufacturer making them standard equipment without a massive increase in the current manufacturer list price of $69,700.

The one-size-fits-all MY16 Valente now features a chrome grille, a larger AdBlue tank, and Mercedes-Benz upgraded the gross vehicle mass (GVM) and towing capacity, which are now a very useful 3100kg and 2500kg respectively. Continue reading “Revised Valente still ticks the boxes” »

This story first appeared in the January issue of DieselTalk – CLICK H ...

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News: Southpac Trucks celebrates 25 years of contract maintenance

This story first appeared in the January issue of DieselTalk – CLICK HERE to download the magazine FREE

Southpac launched Contract Maintenance (CM) in 1991, and 25 years later the number of trucks in the programme has grown significantly, according to its chief executive officer, Maarten Durent.

“The knowledge required to offer a CM rate that works for both operators and Southpac comes from many years of product knowledge based on the truck’s service needs for the environment that it’s going to operate in,” Durent says.

“Get those two things balanced and it works great, the operator can relax about operating costs, because the monthly CM cost has been set for the term of the contract.” Continue reading “Southpac Trucks celebrates 25 years of contract maintenance” »

This story first appeared in the January issue of DieselTalk – CLICK H ...

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News: Gillies Avenue noise camera targeting trucks

Truck drivers illegally creating noise by using their exhaust brakes on the Auckland motorway southbound off ramp at Gillies Avenue will be targeted by new technology to make them stop.

With co-operation from the government, The New Zealand Transport Agency is installing a noise camera on the off ramp to record such incidents in response to complaints from residents.

Epsom MP David Seymour and transport minister Simon Bridges unveiled the new off ramp noise camera at a ceremony on January 26. Continue reading “Gillies Avenue noise camera targeting trucks” »

Truck drivers illegally creating noise by using their exhaust brakes o ...

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News: THE Expo announces new event partner Gulf Oil

The National Fieldays Society which owns the Transport and Heavy Equipment Expo (THE Expo) is announcing Gulf Oil as it’s event partner for 2017.

Held four yearly, THE Expo offers delegates and exhibitors the opportunity to engage while viewing the latest technologies in the transport and heavy equipment sector.

The trade show will run from 2-4 March 2017 at Mystery Creek events centre in the Waikato. Continue reading “THE Expo announces new event partner Gulf Oil” »

The National Fieldays Society which owns the Transport and Heavy Equip ...

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News: InterCity bringing Gold class to the road

InterCity says two new coaches coming into service this week offer a new level of luxury for long-distance bus passengers.

The new Scania K440 InterCity Gold 65-seater buses will travel daily between Auckland and Wellington from January 26, stopping at Hamilton, Cambridge, Tokoroa, Taupo, Bulls and Palmerston North.

Both Scania vehicles have 18 Gold seats on the upper level – large soft leather recliners with individual charge ports and power outlets. Continue reading “InterCity bringing Gold class to the road” »

InterCity says two new coaches coming into service this week offer a n ...

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News: Debt reduction could see Z Energy review policy

Faster than expected debt reduction could see Z Energy review its interim distribution policy.

That follows its acquisition of Chevron New Zealand’s Caltex and Challenge! Brands, Businessdesk reports

It expects to be close to its target range of two times net debt to replacement cost operating earnings before interest, tax, depreciation, amortisation and fair value adjustments (ebitdaf) by the end of the 2018 financial year. Continue reading “Debt reduction could see Z Energy review policy” »

Faster than expected debt reduction could see Z Energy review its inte ...

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News: Customers resistant to proposed KiwiRail levy says Forum

Road Transport Forum members are encountering customer resistance when negotiating the recovery of more costs such as the proposed KiwiRail 15.5% earthquake levy for road transport operators using the Interisland ferries from mid-February.

This proposed earthquake levy which is to be charged to road transport operators on all services between Wellington and Picton and vice versa, comes on top of the extra costs involved in using the longer alternative freight route from Picton to Christchurch via the Lewis Pass.

“Many members are reporting additional costs of at least 20%, fundamentally it is now a different freight task,” says Forum chief executive Ken Shirley. Continue reading “Customers resistant to proposed KiwiRail levy says Forum” »

Road Transport Forum members are encountering customer resistance when ...

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News: Kiwirail services to West Coast resume

Train services to and from Greymouth will resume on the Midland Line tomorrow after Kiwirail cleared slips created by nasty wet weather.

The TranzAlpine train frequented by many tourists is among the services due to restart.

“Our staff and contractors have worked hard and getting the line open again so quickly after last week’s devastating weather bomb is a real credit to them,” says KiwiRail’s South Island network services manager Jeanine Benson. Continue reading “Kiwirail services to West Coast resume” »

Train services to and from Greymouth will resume on the Midland Line t ...

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News: Investigation into AMETI busway begins

Transport authorities have begun planning work for vital busway that will make it easier for East Auckland residents to use public transport.

The Auckland Manukau Eastern Transport Initiative (AMETI) Eastern Busway project will soon carry out a series of geotechnical and pavement investigations along and around Lagoon Drive, extending from the Panmure roundabout to the eastern side of Panmure Bridge.

Project director Stephen Burris says the work will provide some important answers moving forward. Continue reading “Investigation into AMETI busway begins” »

Transport authorities have begun planning work for vital busway that w ...

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