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Parcelhero: Competition and labour costs hit larger transport & storage companies more than any other sector
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Post & Parcel
A survey by the Government’s Office for National Statistics (ONS) has raised concerning issues for the transport & storage sector.
Looking at the results for companies employing more than ten people, competition costs have had a bigger impact on transportation & storage companies than any other business sector.
‘Rising competition costs are concerning not just for the transport & storage sector, but for UK plc as a whole.
The implication of this is that smaller couriers, man & van firms and self-employed drivers are not experiencing such severe competition as larger transport & storage sector businesses.
‘Of course, one of the factors reducing profit margins is wage costs and these are particularly affecting larger transport & storage sector businesses.
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