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TRUCKING INDUSTRY NEWS * Philippines: Trucks ban
* Philippines - Truck ban to cause price hikes in 3 months, biz group warns
Manila,Philippines -The Philippine Daily Inquirer, by Amy R. Remo -July 8th, 2014: -- Consumers and businesses could feel within three months the full repercussions of the truck ban in Manila and the implementation of an order raising fines for colorum or unauthorized trucks, the head of the Confederation of Truckers Association of the Philippines (CTAP) said on Monday. CTAP president Ruperto Bayocot said the two measures would further raise the prices of consumer goods, make it harder for importers to secure their raw materials, and increase the rates of both shipping lines and trucking companies... As it is, the congestion at the Port of Manila has prompted many truckers to raise hauling rates. In the case of CTAP, Bayocot said the group had issued guidelines under which member companies were told not to raise their hauling rates by more than 50 percent... Information Office Chief Diego Cagahastian argued that the truck ban could not be cited as the sole reason behind price increases. He also noted that the city—led by former President and now Mayor Joseph Estrada -had already given concessions to truckers by giving them a so-called window period and designating a lane on Roxas Boulevard which they can use 24/7...
Labels: trucking industry news worldwide
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