Haulage firms have welcomed plummeting diesel prices in the wake of the Covid-19 pandemic but said the cost saving is nowhere near enough to underpin their struggling businesses. A stand-off between Russia and OPEC, combined with a global oil surplus as lockdowns drastically cut fuel demand has meant prices are lower than they have been for years. Last month West Texas Intermediate (WTI) crude oil closed trading at a price of $US-37.63 having recovered from a record low of $US-40.32. […]
TfL’s Safer Lorries Scheme, which is being developed with support from London Councils, has entered its final consultation phase and is on track to go live next summer.
Ferguson Transport and Shipping has furloughed 26 drivers and 14 staff following the launch of the government’s Coronavirus Job Retention Scheme portal this week, after being reassured payments for furloughed workers will arrive in the company’s bank account within six days of a claim being submitted online.
Royal Mail has revealed that fuel costs for its fleet of 37,000 light and heavy commercial vehicles are at a record high, pushing it to introduce a fuel surcharge for the first time.