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				NB diesel tax hike bites truckers bottom line
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					Posted: 
					
						Mar 24, 2011 10:43 AM
					
					|
					Last Updated: Mar 27, 2012 08:33 AM
				
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				<p>FREDERICTON -- New Brunswick's truck freight carriers could expect a hit to their bottom lines now that a diesel fuel tax hike took effect this week.</p>
<p>According to <a target="_blank" href="http://www.apta.ca "><span style="color: rgb(51, 51, 153); ">Atlantic Provinces Trucking Association</span></a> president Jean-Marc Picard, the 2.3-cent per liter hike could bite 2 percent from carriers' profit margins.</p>
<p>Truckers now have to pay 19.2 cents per litre in tax, up from 16.9 cents, reports the <a target="_blank" href="http://telegraphjournal.canadaeast.com/front/article/1391491 ">Telegraph Journal. </a></p>
<p>The announcement was made in the recent provincial budget and took effect almost immediately.</p>
<p>&quot;From an industry perspective it's a huge impact, especially with today's diesel prices at the levels they're at,&quot; said Picard.</p>
<p>&quot;Fuel is their largest cost so it's straight to the bottom line,&quot; said, Picard who notes that the implementation of the tax hike doesn't give carriers enough time to adjust fuel surcharges. &nbsp;</p>
			
				
				
			
				
				
			
			
			
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