Road transport sector takes the strain as bad debts mount


 

The road transport sector saw a significant leap in both the money it is owed by creditors and what it owes to suppliers and contractors during the first quarter of the year, new data from Creditsafe shows. While sales increased quarter-on-quarter by 1.3% to £36.6bn the sector’s retained profit slid in the same period by more than 11% to £343.4m. Bad debt increased significantly with a jump of 337% quarter-on-quarter in regards the money road transport operators are owed, which […]