Business, Feature, Freight News, Logistics, Road

Truck traffic surges on Brexit fears

[ April 26, 2019   //   ]

Fears that the UK will leave the EU without a deal have caused an explosion in the number of goods ordered for delivery to the country reports IT specialist Timocom in its latest report. Truck transport from all parts of Europe towards the UK rose 112% compared to the previous year, according to the Timocom transport barometer, which documents transport offers and requests on its freight and vehicle application.

“Companies in the UK that depend on imports from the European mainland are increasing their stock, in order to be prepared in the event of a hard Brexit,” said Timocom business analyst David Moog. He added that a no-deal Brexit could mean that vehicles wanting to enter the UK would face extremely long waiting times, while customs fees on imported goods are another uncertain factor, he added, noting that the biggest growth in exports to the UK has been from Germany, France and Poland.

Elsewhere in Europe, higher tolls for trucks in Germany at the beginning of the year have also had an effect on the transport market. In the first three months of this year, there was a decline in vehicle offers of 12% compared to the first quarter of 2018.