Road freight prices from France to Britain jump 50% in January - data

Freight prices for moving goods by road from France to Britain rose by 50% in January compared with the same month a year ago after lorry drivers demanded higher payments to operate in the UK after Brexit, Transporeon data indicated. Freight groups have told Reuters that European drivers are setting higher prices to bring goods into Britain in case they have to return with an empty truck because of problems with customs paperwork introduced on Jan. 1.

Reuters | Updated: 10-02-2021 20:15 IST | Created: 10-02-2021 20:15 IST
Road freight prices from France to Britain jump 50% in January - data

Freight prices for moving goods by road from France to Britain rose by 50% in January compared with the same month a year ago after lorry drivers demanded higher payments to operate in the UK after Brexit, Transporeon data indicated.

Freight groups have told Reuters that European drivers are setting higher prices to bring goods into Britain in case they have to return with an empty truck because of problems with customs paperwork introduced on Jan. 1. Transporeon, Europe's largest supply chain and logistics technology platform, said according to its data prices had edged down by 1.7% compared with Dec. 2020 when pre-Brexit stockpiling took place. But prices remain at more than two year highs.

The run up to Britain's departure from the European Union was met with warnings from industry and government that ports and motorways would be jammed with trucks if companies did not properly fill out customs declarations and export forms. Instead, while the ports have run smoothly many small companies transporting fresh goods have warned that the additional cost and time taken to fill out the paperwork is making them uncompetitive. Many lorries are returning empty.

The Transporeon data, drawn from its network used by suppliers, retailers, shippers and more than 100,000 logistics service providers, also showed that drivers were rejecting jobs on France-to-Britain and Poland-to-Britain routes. The government has said businesses have adapted well overall and it is working with those still struggling to trade.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


TRENDING

OPINION / BLOG / INTERVIEW

Viral variants and vaccine nationalism pose two-pronged threat to Covid victory

... ...

Tracking Fintech during COVID-19: Harnessing power of technology

Its abundantly clear now that as fintech cements its place in the financial sector, accelerated further by the COVID-19 pandemic, it could open the sector to new possibilities by harnessing the power of technology to deliver financial ...

Tectonic turns: How technology shaped healthcare over the decades

Tracing an episodic evolution, with technology at the interface of human and his health....

World Water Day sees crises of inequality in countries both rich and poor

... ...

Videos

Latest News

Sport Highlights

The following are the topexpected sports stories at 1700 hours EXPECTED STORIES Report of IPL match between Chennai Super Kings and Rajasthan Royals in Mumbai.STORIES ON THE WIRE SPO-CRI-IPL-MI-DC-PREVIEW MI, DC look to outsmart each other ...

Maha: Pointsman saves life of boy who fell on railway tracks

A railway pointsman has saved the life of a six-year-old boy who fell on the railway tracks at Vangani station near Mumbai by hauling him onto a platform in the nick of time while a speeding train was approaching, Railway officials said on ...

Sameera Reddy's children, husband test positive for COVID-19

Actor Sameera Reddy on Monday said her two children and husband, entrepreneur Akshai Varde, have also tested positive for the novel coronavirus, a day after she opened up about her COVID diagnosis. The 42-year-old actor took to Instagram an...

Metro services truncated during Delhi lockdown

Metro trains will run on a reduced frequency during the six-day lockdown in Delhi over an exponential rise in coronavirus cases.Chief Minister Arvind Kejriwal announced the lockdown from 10 pm on Monday night till 5 am next Monday as the he...

Give Feedback