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 […]
Prominent Northern Ireland LGV operator Willie Oliver has called for stiffer penalties to be applied to those found using laundered fuel.
Higher prices for goods and services resulting from the effects of rush-hour congestion on business are costing every UK household around £100 a year, a new report from the Centre for Economics and Business Research (CEBR) has suggested. The report found sitting in congestion was costing the UK’s commuting households around £456 apiece or a combined total of £3.9bn a year, taking both direct and indirect costs into account. The direct costs – essentially additional fuel and lost time – […]
Average truck operating costs have risen by a massive 75% since September 2000 while reported haulage rates were only 23% higher in July 2013 than back then, new cost figures from the RHA have shown.