Transport cost trends

A survey on future transport cost trends revealed that two thirds of respondents believe that increasing fuel prices will be the main cause of rising logistics costs. However, 54% of companies also believe this expense can be offset by the introduction of cost reduction initiatives. The survey, which was sent to over 700 transport managers across a range of industries, was devised by 3t Logistics (www.3teurope.

com).

The Freight Transport Association (FTA) estimates that vehicle operating costs for rigid, articulated and drawbar vehicles have risen by 6.2% in the 12 month period from October 2010. However, the costs passed on have only risen by an average of 2.8%. According to the 3t survey, companies believe this trend is set to continue. Responses confirm the FTA's assertion that the escalating price of diesel has been a major contributory factor in increased logistics costs.