We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • ProMat 2023
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • ProMat 2023
    • Upload Your Video
Home » 87% of UK haulage companies remain confident despite turbulent economic times
Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

Upload your press release

87% of UK haulage companies remain confident despite turbulent economic times

September 20, 2022
No Comments

Despite predictions of inflation reaching 18% by 2023 and rising fears of recession, almost 9 in 10 (87%) haulage companies are confident in their ongoing commercial viability during the challenging times the industry is facing – 13% even believe business will thrive in the coming years.

However, almost half (40%) are having to adapt their operations in order to survive.

The UK Haulage Resilience Report, conducted by return loads platform Haulage Exchange, received feedback from 15 of the UK’s top haulage companies that operate in the UK and Europe. The companies provide insight into the impact on the industry of Brexit and other challenges – and the solutions companies are putting into action – now and over the coming year.

Haulage companies are preparing themselves for tougher economic times – with 80% of haulage companies agreeing that increasing costs of operations is the biggest risk they’re facing, the focus of mitigating this threat is falling on reducing costs. Almost half (47%) will continue to operate with streamlined profit margins to survive through tougher economic times, whilst a third (33%) are charging clients more to help cope with the rising operation costs.

Many see digital solutions as the key to beating supply chain roadblocks – 20% of haulage companies are increasing their reliance on the next generation of smart tech, such as route optimisation and intelligent load allocation. Driven by such innovations, productivity in the freight sector is expected to grow by 29% by 2039, according to government data.

Azad Awan, Sales Manager at Haulage Exchange, says:

“The haulage industry has been through a lot in the last year or so, but that only means companies already know how to adapt and pivot their strategies and plans. And that’s what we’re seeing as more and more of them focus on digital solutions to ensure they can survive the increasing economic challenge.

“In haulage, time really is money, which is where tech can prove invaluable. Whether it’s smart invoicing or finding available drivers using real-time maps, shortcuts are multiplied countless times and add up to days and days saved.

“Technology is the long-term answer to industry challenges and will support commercial viability in the coming years. Having a positive longer-term vision is how the industry will thrive.”

https://haulageexchange.co.uk/blog/the-uk-haulage-resilience-report/
Submit your logistics, material handling, or supply chain related company news in DC VELOCITY's Industry Press Room section or New Products section
Transportation Supply Chain Services
    • Related Articles

      Consumer expectations remain high despite delays, shortages, and higher prices

      Keeping the supply chain moving in turbulent times

      UPS execs remain wary about economic, market outlook

    You must login or register in order to post a comment.

    Report Abusive Comment

    Most Popular Articles

    • U.S. manufacturing resurgence faces headwinds

    • FedEx pilots a trailer-loading robot with twin arms

    • Five questions to ask before electrifying your indoor forklift fleet

    • GE Appliances unveils $450 million upgrade to manufacturing plant in KY

    • Fernride raises $50 million backing for its autonomous, electric trucks

    Now Playing on DCV-TV

    8022fd6a 1015 4e8b 9a40 4a5ac7c4f23d

    Take the guess work out of managing your forklift fleet

    DCV-TV 4: Viewer Contributed
    Intense materials handling operations can’t leave performance to chance. If you don’t know what’s happening with your forklift fleet – like truck location, utilization or maintenance needs – is your decision making really on solid ground? The Hyster Tracker wireless fleet management system offers real-time...

    FEATURED WHITE PAPERS

    • Rodent Radar: A Guide To Help Protect Your Business From Rodents

    • The Value of Genuine Parts and Service

    • Five questions to ask before electrifying your indoor forklift fleet

    • Unlock Success with Our Freight Tech Checklist!

    View More

    Subscribe to DC Velocity Magazine

    GET YOUR FREE SUBSCRIPTION
    • SUBSCRIBE
    • NEWSLETTERS
    • ADVERTISING
    • CUSTOMER CARE
    • CONTACT
    • ABOUT
    • STAFF
    • PRIVACY POLICY

    Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing