NZTD News

Nikola founder Trevor Milton sentenced to 4 years for securities fraud
Posted on 25-Jan-2024

Trevor Milton, the discredited founder and former CEO of electric truck startup Nikola, has been sentenced to four years in prison for securities fraud. The sentence, by Judge Edgardo Ramos in the U.S. District Court in Manhattan, ends a multi-year tale that saw Nikola stock rise and then crash at epic proportions, with accusations of fraud and cancelled contracts.

In his ruling, Ramos said he would impose a sentence of 48 months on each count, served concurrently, and a fine of $1 million. Milton is expected to appeal...

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Reminder of Auckland Harbour Bridge summer maintenance
Posted on 25-Jan-2024

NZ Transport Agency Waka Kotahi (NZTA) is reminding motorists about summer maintenance on the Auckland Harbour Bridge from now until early April.

‘The summer maintenance programme will focus on recoating parts of the bridge overarches and require lane restrictions to keep our teams safe while they carry out this important maintenance’.

The full schedule can be found on the NZTA website however, the work will include lane restrictions (North and South) between 10pm and 5am.

As this work is weather dependent,...

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Wins and wins for the week
Posted on 19-Jan-2024

There were two big highlights in the last week, one for our industry and one for the country.

The industry one was presenting a bravery award to Hall’s driver Tony Cook in Christchurch.

I was joined with John Collins from EROAD, one of our key partners, in saying thanks, and bloody good job!

Tony put himself on the line to offer help and support after a nasty car accident near Ward, in November, and there’ll be an interview with Tony in February’s Transporting News magazine.

(Truckies are of...

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Zero emission trucks face challenges as light vehicle RUC exemption ends
Posted on 19-Jan-2024

The Government’s announcement that the Road User Charges (RUC) exemption for light electric vehicles and plug in hybrids will end in April is good news for the state of the roads. But it also highlights the challenges to zero emission truck uptake, says road freight peak body Ia Ara Aotearoa Transporting New Zealand.

Policy advisor Billy Clemens says the coalition Government had made the right call in ending the temporary RUC exemption for light EVs.

“The temporary RUC reduction was a helpful sweetener while ligh...

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EV Trucks exempt from RUC until 2025
Posted on 18-Jan-2024

The coalition Government has confirmed that the exemption from road user charges (RUC) for owners of light electric vehicles (EVs) and plug-in hybrids will end from 1 April, however, only light EVs (those weighing 3500kg or less) are losing their RUC exemption - Heavy electric vehicles will be hit by RUCs from December 31, 2025.

Transport Minister Simeon Brown says, “Petrol tax and distance-based RUC are paid by road users to contribute to the costs of maintaining our roads, but EVs and plug-in hybrids have been exempt...

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Iveco appoints new head of Australia and New Zealand operations
Posted on 18-Jan-2024

IVECO has appointed Glen Dyer to lead its operations in Australia and New Zealand. 

Mr Dyer began at IVECO Australia in early 2021 as Head of Sales and Product; before joining IVECO, he held executive positions in the commercial sales and financial services divisions of another prominent commercial vehicle manufacturer, working both in Australia and the United Kingdom. 

During his time with IVECO, Mr Dyer has helped IVECO ANZ successfully navigate the challenges of COVID and realign internal sales and s...

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