The level of financial standing standard O-licence holders will have to demonstrate is likely to increase in 2017, due to the drop in the value of the pound against the euro. The FTA estimated that the financial standing rate will increase by around 15% from 1 January, taking it from £6,650 to £7,800 for the first vehicle, and from £3,700 to £4,300 for each additional vehicle. Under EU law, the rate is set at €9,000 for the first vehicle and €5,000 for subsequent […]
Trade associations have expressed concern that the general election in June could prevent government tackling pressing industry issues.
The FTA and RHA have welcomed the HGV Road User Levy Act, which became law yesterday (28 February).
The logistics industry needs to be able to react quickly to changing consumer trends, especially as the UK has become one of the leading e-commerce markets, according to the FTA.