Road freight industry will continue to find the going tough - CILT(UK)
Search
Search
You are here: Home > News > Latest News




  



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 


LATEST NEWS

Road freight industry will continue to find the going tough

31 May 2013/Categories: Industry News


The road freight industry has struggled since the global economy took a turn for the worse in 2008 and a new report suggests that logistics firms will continue to face many challenges in the next few years.


According to IBISWorld, around 60 per cent of all cargo is transported via the road network in the UK, although fuel price pressures and the urgent need to reduce carbon emissions could see this dwindle.


The organisation estimates that industry revenue will have contracted by 4.6 per cent annually in the five years to 2013-14, caused by lower demand for deliveries.


Interestingly, the firm noted that the three largest road freight companies have a market share of just 16.2 per cent, which suggests small enterprises are currently dominating the sector.


IBISWorld industry analyst Andrew Johnson thinks ongoing drives to slash pollution will lead to a "number of structural challenges" for road haulage businesses between now and 2018-19.


The government is particularly keen to promote rail freight services, as this will enable thousands of HGVs to be taken off the road, cutting carbon output in the process.

Print

Number of views (1860)

Tags:

Theme picker

Registered Office:

Earlstrees Court, Earlstrees Road, Corby
Northants, NN17 4AX
Main Switchboard: 01536 740100

Company Registration Number: 2629347 
(A Company Limited by Guarantee)
Charity Registration Number: 1004963

© The Chartered Institute of Logistics and Transport