Stephen Selwood, CEO of the New Zealand Council for Infrastructure Development warns NZ will need to wean itself off reliance on fuel excise to fund road infrastructure and the Govt needs to grasp the nettle and push for broader debate on who pays for the nation’s highways. He says the Govt “isn’t keen to have […]
Lyttelton Port has issued a profit warning saying full-year profit may decline, reflecting weaker first-half trading. Net profit is expected to be $9m to $10m in the 12 months ending June 30, 2010, from $10.06m for the 2008-09 year. Chairman Rodger Fisher says “the current financial year remains very challenging, we do anticipate the volumes […]
Surging demand for crude oil is likely to increase costs for all transportation modes in 2010. China is poised to lift oil imports 15% this year, as the world’s fastest-growing economy moves into the second phase of building its strategic reserves. This is just one factor likely to underpin the price of crude in 2010, […]
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