News / High casualty rate among UK haulage firms on a challenging road

Opportunities for new road haulage firms in the UK appear to be diminishing, just over three years after one of the biggest rushes the sector has witnessed.

Analysing data from Companies House on haulage UK firms incorporated between 2019 and 2023, Breakwells Transport discovered that almost half (49%) of the new road freight companies had ceased trading.

Director Julie Breakwell said: “Our research indicates significant challenges for the road freight industry.

“Costs, fierce competition and ...