Road haulage sector under pressure as costs soar

The road haulage sector faces a relentless increase in operational expenses, compelling them to pass on the burden to shippers, according to the latest findings from Transport Intelligence (Ti).

The road freight survey released by Ti yesterday resonates with ongoing concerns within the industry, highlighting the formidable challenges posed by escalating costs amid economic uncertainties.

The survey identifies several factors contributing to the financial strain on hauliers, including the global economic downturn and surging inflation. Driver wages, tolls, vehicle maintenance, insurance premiums, and fuel prices have all soared, as a result, haulage companies find their profit margins under strain.

Unlock further insights at The Loadstar