The global express and small parcels market grew by 12.2% year on year in 2021, with the B2C segment accounting for over half of the market’s value, according to the latest research from transport consultancy Ti. However, growth is set to slow i…
Hauliers remain defiant in the face of soaring inflation and a recession with almost 9 in 10 (87%) confident in their ongoing commercial viability and 13% believing their business will thrive in the coming years. According to the UK Haulage Resi…
The new Chancellor’s significant package of tax cuts has been largely welcomed by the haulage and logistics sector, which has been specifically designed to help support business growth. Logistics UK said Kwasi Kwarteng’s ‘mini budget’ provided f…
MT asks a range of the industry’s leading players how they plan to tackle increased costs and shrinking volumes in the months ahead… Charlie Shiels, CEO, ArrowXL We remain uncertain at the moment about how much of a test the peak season will be …
Kinaxia plans to standardise its operating process and complete the rebranding of its 13 transport companies next year, following a refinancing deal back in March which cleared a £42m debt. Chief executive Simon Hobbs (pictured left with CFO Ben…
Andrew Malcolm, chief executive officer, Malcolm Group I don’t think we’re heading for a recession – I think we’re already in it, or that’s the approach we’re taking at Malcolm. When you’re in transport, with lower margins than we should all be …
Eight out of ten hauliers are looking to invest in their businesses this year despite the lack of available finance and their concerns about the health of the economy, according to research by Close Brothers Asset Finance and Leasing. The resear…
Political and business leaders met at the Transport for the North (TfN) board meeting last week to discuss how it will continue to act with “one voice” for the North. Priorities for the year ahead include taking forward work to update the north’…
Supply chains may need to “reset” to a localised model in order to respond to new market forces and major challenges like global warming, decarbonisation and conflicts, according to a logistics expert. Professor Alan McKinnon said globalisation …
Trucking capacity on European roads remained at a low level in July according to industry analysts, resulting in a significant increase in spot market rates. Figures from Transporeon showed that road transport capacity was at a low level of 76.7…