Rising fuel costs biggest issue for logistics

Rising fuel costs are the biggest issue logistics operators and hauliers think they will face in 2018, according to a new survey by Route4 Solutions.

The research found that rising fuel costs to be the number one issue that will affect firms within the East Midlands. 31 per cent of respondents who completed the survey cited this as their main issue. And the survey also found that most respondents thought the rising price of a barrel of oil and a weaker pound as the reason why wholesale fuel costs had increased.

Commenting on the poll, Route4 Solutions Managing Director, Mike Harris said “It is always good to hear the thoughts of transport managers here in the East Midlands. With the rising cost of oil, it is hardly surprising to see that rising fuel costs is considered to be the biggest issue that will impact on hauliers and logistics operators. This issue may force businesses to start to think about how alternative fuels and electric vehicles may be able to ease the pain of a costly fuel bill. Switching to alternative fuels might just be the way to achieve a competitive advantage, since the price of oil isn’t predicted to depreciate any time soon.”