The transport industry could cost the Treasury £1.2bn in Covid-19 loan defaults, according to research by Business Rescue Expert. The research looked at the rate at which small businesses have used the government’s Bounce Back Loan Scheme (BBLS) since its launch in May 2020. As the first repayments under the BBLS scheme now fall due, Business Rescue Expert found that overall the BBLS could cost the Treasury £27bn in loans that will not be repaid, with the transport and warehousing […]
Cambridgeshire-based Knowles Transport slipped into the red after operational issues at its – at that point – newly opened Wisbech DC resulted in “significant costs”.
The boss of Wincanton says the 3PL has seen signs of the market hardening around price, as an increasing number of clients realise that the cheapest deal is not always the best.
John G Russell (Transport) said it had benefitted from months of empty roads over the last year, which helped boost fleet productivity, fuel consumption and would result in strong financial results.