Cash injection for CIE welcomed

The Irish Road Haulage Association has welcomed what it has described as the “Government’s realisation that soaring fuel prices are having a dramatic effect on the transport industry in Ireland.”

The Irish Road Haulage Association has welcomed what it has described as the “Government’s realisation that soaring fuel prices are having a dramatic effect on the transport industry in Ireland.”

Commenting on the announcement by the Government of a cash injection into CIE, Eoin Gavin President of the Irish Road Haulage Association stated that “Minister Varadkar’s realisation of crippling fuel prices has sparked government intervention to protect the state transport company.

“Like CIE, Irish haulier’s are not immune to increasing fuel costs. Urgency is required on a government decision in relation to an Essential User Fuel Rebate for the haulage industry. The Irish Road Haulage Association has spent the last 12 months in talks with Government and the Department of Finance in trying to find a workable solution to this escalating problem.”

A statement from the Irish Road Haulage Association said, “A fuel rebate on Excise Duty will have no cost to the exchequer as Irish haulier’s struggling with fuel costs are currently purchasing their fuel elsewhere in Europe availing of fuel rebates in other EU countries.”

The statement added, “1,400 haulage companies have gone out of business in the last two years and the rate of attrition is not slowing down and a rebate needs to be introduced or Ireland’s export led economy will grind to a halt.”