The road freight sector put in a steady end of year performance in 2017, with sales, employment and wages up while the company failure rate fell. According to the latest quarterly Creditsafe Watchdog report, which looked at the performance of over 110,000 companies in the transport and logistics sector, sales rose in the road freight sector to £36b (Q3 2017: £35.7bn) while retained profit rose 5% to £387.4m (Q3 2017: £368.5m) . The road freight sector’s wage bill also continued […]
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.
Trade associations have welcomed the government’s plan to reform the Highways Agency, and the unveiling of the watchdogs that will be charged with ensuring the new private entity delivers.