The FTA met with the Treasury last Thursday (5 February) to discuss the real effect the plummeting cost of oil was having on the freight transport sector. Despite lower oil prices benefitting hauliers “to an extent”, the FTA said most operators are not seeing the 53% fall in bulk prices passed on to them because fuel duty, at 57.95ppl, is negating these savings. It added that because oil is traded in dollars, the weaker pound also dampened the effect. However, […]
Operators across the UK are expected to lower subcontractor rates in light of falling fuel prices, said the RHA, after it emerged Wincanton’s general haulage operation had reviewed subcontractor rates for this reason.
London mayor Sadiq Khan’s election pledge to pedestrianise Oxford Street has been stamped out by Westminster Council.
Trade associations welcomed the new London Freight Enforcement Partnership launched by TfL and partner agencies earlier this week, although the RHA called on the transport body to make the results of the enforcement project more visible to the industry.