Government Action on Fuel Pricing:
Many would have heard the news this afternoon that the Federal Government will cut fuel tax by 50% for 3 months from later this week.
We welcome this news and while it should impact our costs in a positive way we await to see the mechanics of how will operate for the heavy transport industry and when the savings will begin to filter through.
We will come back as soon as possible with the results, we will also be discussing these developments with our industry bodies and our interstate sub-contractors, many of whom have had delivery volumes reduced by their distributors in recent days.