November 2024 Newsletter
Greetings HVTT family from the Antipodes, While many of you will know I like trucks and what they do, I thought I would focus this newsletter on money, and more particularly money for investment in roads. But firstly, some comment on heavy transport activity. With some softness in some of the global markets, such as meat and wood, and a quiet domestic market that has teetered around technically meeting the definition of an economy in recession, unsurprisingly the NZ heavy transport activity is quiet and a number of companies under considerable financial strain. There are some positives though, comparing values to 2024 and July 2023, exports rose by 14 percent in value to $6.1 billion, however imports rose by 8.5 percent to $7.1b. And the challenge of finding drivers is less front of mind however, I suspect that is a situation that will be temporary. In some ways NZ has... Read More