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.