Soaring cost of fuel, wages and vehicles will wipe out last year’s profits, Massey Wilcox tells hauliers


 

Massey Wilcox Transport has warned that the increase in profits many haulage firms enjoyed last year will be spent over the next 12 months as businesses contend with the rocketing costs of fuel, wages and vehicles. MD Robert Wilcox (pictured) said any company that had a warehousing arm was likely to have had a good 2021, but the rebound from the pandemic could be short-lived. Wilcox was speaking after his company reported an increase in turnover for the year ending […]