The price of fuel has little effect on the profitability of logistics companies and isn’t the primary cause of failures in the industry, the Motor Transport Directors’ Club was told last month. Speaker John Manners-Bell, chief executive of Transport Intelligence, told the gathering of the most senior people in road transport that there was a high correlation between freight rate increases and fuel price increases – meaning that operators were being successful in passing high costs on to customers. “This […]
Chancellor George Osborne has cancelled the planned fuel duty rise in September 2014, confirming a commitment to a duty freeze he made at the Conservative Party Conference in September.
Goldstar Transport said the 17% increase in its pre-tax profits last year was down to winning additional business from its existing client base.
FairFuelUK (FFUK) has renewed its call for a 3p cut in fuel duty and demanded greater recognition of the haulage industry’s contribution to cutting emissions in an open letter to chancellor Philip Hammond.