Falls in the value of sterling in the wake of the EU referendum have continued to hit Laser Transport International, which saw its pre-tax profit plunge by 64% last year. In its latest results for the year to 31 December 2017, the Hythe-based company reported that whilst turnover had risen by almost 3% to £17.3m (2016: £16.8m), pre-tax profit plummeted to £16.6m (2016: £45.7m) in the period. In its analysis of the results, the Palletline member said that despite “robust” […]
UK transport companies have until December 2020 to plan for Brexit, the government said today after revealing a transition period between the UK and EU had been agreed.
Industry leaders remain divided on whether the UK should remain in the EU, just over a month before the referendum on 23 June.
A hard Brexit could result in a shortage of both trucks and labour in the freight industry, according to the Chartered Institute of Logistics and Transport (CILT).