Three quarters of haulage firms expect to go bust

A new survey of the UK’s logistics companies suggests three quarters of them reckon they can survive no more than two months if volume continues as it is.

The Road Haulage Association, which carried out the research, is calling for the Government for more financial support. They’re calling for

a temporary suspension of business rates and fuel tax, plus a retention scheme to cover the cost of trucks not in action.

Business Insider reports that most haulage operations in the UK are small-to-medium sized companies industry figures say many already have small profit margins and are reluctant to apply for government loans, as they don’t want to take on more debt.

(File photo – not necessarily representative of firms in the survey)


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