Cost increases set to delay new truck acquisitions .

A 30c/l increase in the fuel levy, another rise in interest rates and new consignor/consignee legislation will all load more costs onto a transport industry that is already struggling to remain profitable, says Standard Bank business vehicle and asset finance head Toni Fritz. Operators competing for market share in an environment dominated by shrinking profit margins will respond in various ways to the increased costs created by these major changes, she notes. Small and large operators who will normally consider buying new trucks, will now probably lengthen their replacement cycles to avoid the higher costs of replacing vehicles. However, this […]

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