The Lagos state government has unveiled a new taxi system which it says will put a stop to haphazard taxi operations that has contributed to insecurity of life and property in Nigeria’s biggest commercial city. Speaking at the inauguration of the new taxi regime in Ikeja, Lagos, Governor Babatunde Fashola, who said that the state’s taxi market is valued at […]
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HAULAGE BUSINESS IN NIGERIA: A POORLY REGULATED INDUSTRY
Chief Cyprian Arinze is Chairman/Chief Executive, Eagle Haulage Nigeria Limited, a major hauler. He speaks on the pros and cons of the haulage business in a recent interview: Is haulage business regulated? Haulage business is supposed to be a regulated business in the sense that there are bodies responsible for this regulation. We have the Nigerian Shippers’ Council; we have […]
Continue reading »OSHODI-APAPA EXPRESSWAY GRIDLOCK: LAGOS GIVES TANKER/TRUCK DRIVERS 48 HOURS TO RELOCATE
Following persistent traffic gridlock in Apapa area which has spilled over into some parts of the state, the Lagos State Government, yesterday, issued a 48-hour ultimatum to tanker drivers parked within 300 meters of fuel depots in the state to relocate to safe parking lots pending the availability of petroleum products Hundreds of tankers had suddenly emerged on the Eko […]
Continue reading »N500,000.00 REWARD ADVERTORIAL AND ITS AFTERMATH: DANGOTE TRANSPORT WORKERS CRY OUT!
Transport workers of Dangote Group of Industries have made a passionate plea to the management to improve their working conditions to make life better for them. The drivers were reacting to a recent advertorial in some national daily newspapers where the management of Dangote Industries Limited offered to pay N500,000 as reward to anybody with useful information that could lead […]
Continue reading »COUNTING THE EXTREME COSTS OF APAPA GRIDLOCK: FEDERAL GOVERNMENT GETS A 30-DAY ULTIMATUM
Naturally and for a long time now, Apapa traffic has always been a basket case. However, the experience within that axis in the past few weeks could best be described as ‘hell on earth’. The protracted traffic gridlock especially around the port area has been somewhat of a nightmare- a nightmare that has taken extreme toll on all relevant stakeholders […]
Continue reading »DIESEL PRICE IN NIGERIA: DEFYING THE FORCE OF GRAVITY – PART TWO
TRADITIONAL REASONS FOR HIGH DIESEL PRICE Traditionally, upward swing in diesel price is usually due in part to the rising price of crude oil in the international market, age-long failure of local refineries to meet production target and lack of clear cut policy by the Federal Government on the deregulation of the downstream sector. Chief among these reasons has always […]
Continue reading »DIESEL PRICE IN NIGERIA: DEFYING THE FORCE OF GRAVITY – PART ONE
WHEN the price of crude oil started crashing in August last year, expectations were high that domestic pump prices of refined petroleum products would also decline, giving businesses and individuals a much-needed relief. The price of crude oil, which constitutes a major component in the pricing template, had plunged by about 60 per cent since June 2014 when it peaked […]
Continue reading »HMO & TRAINING: YEAR-END CONCERNS FOR HAULAGE BUSINESS
You may at this time of the year also want to appraise the functionality of the HMO arrangement and the life and disability assurance policy in place. Were these arrangements really beneficial to the people for whom the idea was conceived? How many were able to successfully access the benefits of the HMO? Do they get quality treatment as and […]
Continue reading »COUNTERPARTY CONTRACT & TREASURY MANAGEMENT: YEAR-END CONCERNS FOR HAULAGE BUSINESS
Most corporate haulage firms render non-exclusive services to 2 or more FMCGs or other categories of major haulage services users. These relationship or partnership are premised on some terms and conditions legally crafted in the form of contractual agreements. Since those contracts are renewable every 2 or 3 years and in some cases 5years, it makes a lot of sense […]
Continue reading »ROUTING & DOCUMENTATION: YEAR-END CONCERNS FOR HAULAGE BUSINESS
So most of your trucks did long haul in the outgoing year? Good. But what was the turnaround time like? What feedback did you get matching repairs history for each truck against the choice of routes? Any repeated cases of misdemeanour or wrongful behaviour associated with any particular route? What is the popularity of the route among peers in the […]
Continue reading »INSURANCE AND TRACKING: YEAR-END CONCERNS FOR HAULAGE BUSINESS
Your GIT (Goods-in-transit) and Comprehensive Insurance are probably expiring at about now. How responsive was your Underwriter or Insurance Company during the year? What about claims payment- how much of what you deserve to get was knocked off on the basis of some independent assessor’s re-computation and extant clauses? What was the response time to claims payment? How many accidents […]
Continue reading »FUEL MATTERS: YEAR-END CONCERNS FOR HAULAGE BUSINESS
How many rotors and nozzles did you lose and had to replace during the year? How many times did you have your fuel injector pump serviced or outrightly replaced? Did you lose any turbo charger or a number of them during the year? Affirmative answer to any of the above is a sure signal to take a second look at […]
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