Covid-19 and Brexit has cut a swathe through the transportation and warehousing sector with just 75% of companies back up and running compared to June last year and 9.6% permanently closed. The latest Business Insights Report from the Office for National Statistics (ONS) shows that the sector has been hit harder than any other, including accommodation and food services which, in comparison, has 83.3% of businesses in operation and just 1.6% that have ceased trading. The ONS report looks at […]
Average truck operating costs have risen by a massive 75% since September 2000 while reported haulage rates were only 23% higher in July 2013 than back then, new cost figures from the RHA have shown.
There has been a jump of almost a quarter in the number of transport and logistics SMEs experiencing significant financial distress compared to the end of last year, according to a new analysis.