Seven in ten logistics operators report escalating costs as fuel prices soar, Logistics UK survey finds


 

Almost three quarters (71%) of UK logistics companies suffered escalating transportation costs in the first quarter of 2022, compared to the same period a year ago, according to Logistics UK’s May 2022 Performance Tracker. In addition, 40% of respondents said costs had climbed by 25% or more, as operators continue to battle against rising fuel costs and global supply chain pressures. Announcing the results of the survey, Logistics UK said: “Surging costs are feeding through to freight rates – the […]