According to a story on RoadTransport.com, 20% of transport firms are in a financial ‘danger zone’. Plimsoll Publishing has analysed the top 1,000 firms in the UK and believes that the road haulage industry is too crowded.
Whilst there are some success stories the analysis mainly brings bad news for the transport industry:
-117 firms are in debt by over twice the recommended level.
-125 firms have falling profits
-69 firms are making a loss
140 firms are failing to adapt to the changing marketplace.
Let’s hope it picks up soon.
If you’re a transport company, the last thing you want to spend more money than necessary on is insurance. It is important to find a haulage or goods in transit policy that is right for you.
Comments on this entry are closed.