Business, Forwarding, Freight News, Logistics, Road

Irish logistics costs soar

[ August 29, 2019   //   Chris ]

Logistics businesses have seen their overhead expenses rise by 6.5% over the past 12 months, according to a report released on 29 August, the Manager’s Guide to Distribution Costs 2019, produced by the Freight Transport Association Ireland in partnership with KPMG, BWG Group, ENPROVA and Analytiqa.

FTAI general manager Aiden Flynn commented: “With the possibility of the UK crashing out of the EU without an agreement in place becoming more likely every day, logistics businesses are facing a challenging road ahead. To stay competitive, resilient and profitable in this uncertain economic environment, they must have a full understanding of their day-to-day operational costs. The first of its kind in the Republic of Ireland, The Managers Guide to Distribution Costs 2019 will enable commercial fleet managers to benchmark their operating costs against industry averages. This is essential to maintaining efficient, sustainable and robust operations, in the view of FTAI.”

He added: “The survey found that logistics businesses have seen their overhead expenses rise by 6.5% over the past 12 months and more than 40% of respondents saw their transport costs increase by more than 5% over the same period. The price of fuel is continuing to rocket, now accounting for more than 30% of all operating costs.

Tags: FTAI