The 3.5% hike in insurance premium tax (IPT) that came into effect at the beginning of November could be just “the tip of the iceberg” in terms of increasing insurance costs for truck operators, a leading commercial vehicle insurer has warned. The rise, which was announced in the budget in July and affects a range of insurance policy types including motor insurance and national goods-in-transit (GIT) cover, as well as buildings, contents, public liability and employer’s liability policies, leaves IPT […]
Ceva Logistics has postponed its proposed float on the New York Stock Exchange (NYSE) as it looks to restructure its balance sheet and stem its shrinking profits.
More operators have reacted to the chancellor’s Budget this afternoon (20 March), with both DBL Logistics and parcel firm APC Overnight supporting George Osborne’s decision to scrap the planned fuel duty rise.
Insurer Fiducia has launched a combined liability insurance product targeting “well managed” hauliers and warehouse operators.