The UK road transport sector saw a 20% surge in suppliers’ bad debts in the second quarter of 2017, according to the latest Creditsafe Watchdog Report. The report, which tracks quarterly economic developments across the transport sector, revealed bad debt owed to the sector leapt to £3.3m in Q2, up from £2.7m in Q1. In the same period, bad debt owed by the road transport sector increased 2% to just over £1m (Q1 2017: £998,190). The report reveals that while […]
UK Mail is anticipating a fall in both pre-tax profit and turnover for the year ended 31 March 2016 after the installation of incompatible technology incurred huge costs.
Conditions in the road transport market have “never been more challenging” the chief executive of Gregory Distribution has said.
Royal Mail has warned for a second time that competition from other carriers, this time Amazon’s own delivery network, will damage its growth prospects.