A no-deal Brexit will have a “severe” impact on the automotive sector, raising prices for customers and disrupting the industry’s just-in-time operating model, EU automotive organisations warned this week. In an unprecedented joint statement, 23 automotive associations from across the EU warned of the “devastating” impact a no-deal Brexit will have on the sector. It said: “The UK’s departure from the EU without a deal would trigger a seismic shift in trading conditions, with billions of euros of tariffs threatening […]
Maxi Haulage achieved a record turnover of £66.3m in 2018, but warned the impact of pre-Brexit stockpiling on its Irish operation will hit its current year’s trading.
The Department for International Trade’s publication of a revised list of temporary tariffs on truck imports if the UK leaves the EU without an agreement once again raises the question of the impact of commercial vehicle pricing on haulage operating costs and profitability.
Operator EM Rogers saw its pre-tax profit soar last year in the wake of low fuel prices and a strong pound against the euro, but said the UK’s vote to leave the EU could now prove costly to its operation.