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Excuse us for going all “Little Englander” today, but considerable confusion currently reigns about the state of the UK economy. Not the fact that it’s flat – no, there the only question is whether it is still technically in recession or not, because non-technically everyone knows that it is in a deep recession, and there is little prospect of us coming out of it anytime soon, because confidence is so wretched.
One director of a large trucking and logistics company told ...
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Peter Shakespeare
May 22, 2012 at 2:04 pmOn the subject of the UK economy, having spoken to several RHA members (hauliers) recently, most say they are busy despite the continuing economic uncertainty. It is still very tough and the cost of fuel continues to drive margins down. There are still insolvencies, but often there are other underlying reasons behind these.
The Commercial Vehicle Show in Birmingham was a great success and the truck manufacturers and body builders all report order books are growing. If the haulage industry is a decent barometer of the UK economy, after all it moves 80% of all freight at some point, something is moving in the right direction.